
South & Central America Wheat Bran Offal Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 141 | Report Code: BMIRE00031816 | Category: Food and Beverages
No. of Pages: 141 | Report Code: BMIRE00031816 | Category: Food and Beverages
The South and Central America Wheat Bran Offal Market size is expected to reach US$ 3,856.90 million by 2031 from US$ 2,658.14 million in 2023. The market is estimated to record a CAGR of 4.8% from 2023 to 2031.
South and Central America has one of the largest animal feed industries owing to increased farming across the region. The region has mountains, flatlands, jungles, and coastal areas, which makes it suitable for farming. According to the Food and Agriculture Organization of the United Nations, the region accounts for 28% of the world's cattle population, milk production, and beef production. Increased farming and livestock propel the region's demand and production of animal feed. As wheat bran is used in animal feed production, the growing demand for cattle feed in the region drives the demand for wheat bran in South and Central America.
Growing health consciousness among consumers and the on-the-go snacking market drive the demand for nutritional bars in South and Central America. Consumers are highly interested in experimenting with different snacking options, including nutritional bars, which are significantly driving the demand for wheat bran.
Key segments that contributed to the derivation of the wheat bran offal market analysis are form, category, and application.
Growing demand for high-quality feed ingredients and increasing awareness regarding the benefits of wheat bran have driven its use in the animal feed industry. Wheat bran is a rich source of dietary fiber; protein; and essential minerals such as phosphorous, calcium, and vitamin B, making it an ideal supplement for livestock, poultry, and aquaculture feeds. Its inclusion improves the overall nutritional value of the animal diet, promotes digestive health, and boosts feed efficiency. As global meat, dairy, and poultry production increases to meet the rising demand for animal-based products, the need for high-quality, affordable feed ingredients such as wheat bran has surged.
Wheat bran's versatility and ease of incorporation into different animal feed formulations make it an attractive option for feed manufacturers. Its ability to use various forms such as raw bran, pallets, or meal allows for tailored application across different animal species and production systems. For instance, in poultry feed, wheat bran improves the texture of the feed and supports gastrointestinal health, while in the ruminant's diet, it serves as a valuable source of fiber for improved digestion. This adaptability has made wheat bran a prominent ingredient in modern animal husbandry practices, particularly as the industry increasingly prioritizes sustainable and efficient feed solutions.
Dietary fiber is crucial in improving gut function, promoting healthy digestion, and preventing gastrointestinal disorders such as constipation and bloating. Wheat bran, with its high fiber content, helps regulate bowel movements, enhances feed efficiency, and contributes to overall animal health. As demand for fiber-enriched diets increases, driven by both animal health concerns and industry trends toward more natural, sustainable food ingredients, the demand for wheat bran is increasing in the animal feed industry. Thus, the increasing use of wheat bran in the animal feed industry fuels the market growth.
Based on country, the South and Central America wheat bran offal market comprises Brazil, Argentina, and the Rest of South and Central America. Brazil held the largest share in 2023.
Brazil is witnessing an increase in meat production and exports due to the increased disposable income of consumers, which drives the demand for animal feed, such as cattle and poultry feed. According to Brazil's Ministry of Agriculture and Livestock, in terms of revenue, Brazilian meat exports accounted for US$ 2.21 billion in April 2024, an increase of 27.5% from April 2023. Out of which, beef exports accounted for a revenue of US$ 1.04 billion in April 2024. This growing meat production in the country results in an increased demand for animal feed. Wheat bran is largely used in animal feed as they are rich in fiber, minerals, and vitamins. Thus, the growing demand for animal feed propels the demand for wheat bran in South and Central America.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 2,658.14 Million |
Market Size by 2031 | US$ 3,856.90 Million |
Global CAGR (2023 - 2031) | 4.8% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Form
|
Regions and Countries Covered | South and Central America
|
Market leaders and key company profiles |
Some of the key players operating in the market include Grain Millers, Inc.; Ardent Mills; Bunge Global SA; American International Foods Inc; Limagrain Ingredients SAS; Siemer Milling Company; King Milling Company; Sunimpex; Nisshin Seifun Group Inc; Florist; Wings Impex; Sudzucker AG; STAR OF THE WEST; Hindustan Animal Feeds; and Wilmar International Ltd, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.
Business Market Insights’ conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis, and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:
The South & Central America Wheat Bran Offal Market is valued at US$ 2,658.14 Million in 2023, it is projected to reach US$ 3,856.90 Million by 2031.
As per our report South & Central America Wheat Bran Offal Market, the market size is valued at US$ 2,658.14 Million in 2023, projecting it to reach US$ 3,856.90 Million by 2031. This translates to a CAGR of approximately 4.8% during the forecast period.
The South & Central America Wheat Bran Offal Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Wheat Bran Offal Market report:
The South & Central America Wheat Bran Offal Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Wheat Bran Offal Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Wheat Bran Offal Market value chain can benefit from the information contained in a comprehensive market report.