Mexico Feed Additives Market – Forecasts from 2017 to 2022
Mexico feed additive market is projected to reach US$0.826 billion by 2022 increasing from US$0.574 billion in 2016, growing at a CAGR of 6.24% during this period. The modernization of animal husbandry and rising technology adoption significantly influence the market growth positively. The ongoing product innovation and rising spending in research and development coupled with rising disposable income collectively contributes for the Mexican feed additive market to grow. The effect of remittances from Mexican worker in the United States also contributes to the market growth as the majority of the workers are used to increase consumption of animal protein. Growing population with rising life standards further contributes to the market growth significantly. However, complex regulatory system and border clearance issues impact the export while hampering the feed additive market growth.
This section provides an anatomy of the research process followed for calculating market size and forecasts along with a list of the secondary data sources used and the primary inputs which were taken for data validation. It also provides an outline of the various segmentations which have been covered as part of the report.
In this section, the entire market is explained along with various drivers, restraints, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Mexico feed additive market has been segmented on the basis of product and livestock as follows
By Product Type
- Amino Acid
- Aquatic Animals
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Cargill Incorporated, BASF SE, Novozymes, Nutreco, Chr. Hansen, Evonik Industries, Archer Daniels Midland Company, Alltech Inc. and Elanco Animal Health.
2. RESEARCH METHODOLOGY
4. MARKET DYNAMICS