South and Central America Animal Feed Additives Market

South and Central America animal feed additives market in South and Central America is expected to grow from US$ 3,970.29 million in 2021 to US$ 6,119.64 million by 2028; it is estimated to grow at a CAGR of 6.4% from 2021 to 2028.

Animal feed products are fortified with vitamins, minerals, phosphorous, and calcium. Feed fortification helps increase the strength of bone and decrease the mortality of animals. Feed fortification is beneficial in treating bone fractures with help of boron additives. Probiotics fortification has evidently helped in increasing animal immunity and growing performance. Antibiotics, acidifiers, antioxidants, vitamins, minerals, amino acids, binders, and enzymes are a few of the most popular types of additives used for the feed fortification. The growing demand for these additives due to the health benefits associated with each additive is expected to drive the growth of the animal feed additives market during the forecast period.

Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of South and Central America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South and Central America will face lower export revenues, both from the drop-in commodity prices and reduction in export volumes, especially to China, Europe, and the US, which are important trade partners. Containment measures in several countries of South and Central America will reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained. The region however is expected to witness high growth over forecast period in animal feed additives market due to the inclusion of several highly developing economies. Countries such as Brazil are having a wide presence of livestock industry used for various end uses including food and beverages. Since the demand for livestock in the food and beverages industry is steadily increasing, subsequently the demand for animal feed additives is also expected to grow as the product is highly used in the livestock industry.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South and Central America animal feed additives market. The South and Central America animal feed additives market is expected to grow at a good CAGR during the forecast period.

 South and Central America Animal Feed Additives Revenue and Forecast to 2028(US$ Million)

South and Central America Animal Feed Additives Segmentation        

By Product Type

• Vitamins
•  Amino Acids
•  Carotenoids,
• Enzymes
• Prebiotics & Probiotics
• Minerals
• Acidifiers
• Lipids
• Others

By Livestock

• Poultry
• Ruminants
• Swine
• Aquaculture
• Others

By Country

• South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America

Companies Mentioned -

•  Cargill, Incorporated
• Archer-Daniels-Midland Company
• Evonik Industries AG
• Nutreco N.V
• Alltech
• DuPont de Nemours, Inc.
• DSM
• Novozymes
• Kemin Industries Inc.  

South and Central America Animal Feed Additives Market Strategic Insights

South and Central America Animal Feed Additives Market Segmentation Analysis

South and Central America Animal Feed Additives Market Report Highlights

South and Central America Animal Feed Additives Report Scope

South and Central America Animal Feed Additives Market Country and Regional Insights