In 2022, the Brazil feed additive market is projected to reach US$2.753 billion, increasing from US$2.011 billion in 2016, growing at a CAGR of 5.38% during this period. The Increase in the consumption of meat with the rising per capita income is the major factor driving the Brazilian feed additive market growth. Moreover, increasing living standards and growing health concern with grooming Brazilian economy further drives the feed additive market as consumers are willing to spend on high-quality dairy and meat products. Another major factor driving the feed additive market in Brazil is the outbreak of diseases among animal, in order to keep the animal healthy feed additive is highly used. However, rising raw material cost and uncertain economic factors can restrain the market growth significantly.
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.
Brazil feed additive market has been segmented on the basis of product and livestock as follows
By Product Type
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, and Alltech Inc.