Chile Animal Feed Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Fodder, Forage, Compound Feed), By Raw Materials (Soya, Canola, Rendered Meal, Others), And By Livestock (Swine, Aquatic Animals, Cattle, Poultry, Others) - Forecasts From 2022 To 2027

  • Published : May 2022
  • Report Code : KSI061612400
  • Pages : 86

The Chile animal feed market is evaluated at US$1,645.809 million for the year 2020, growing at a CAGR of 2.98% to reach a market size of US$2,021.732 million by the year 2027.

Animal feeds are the products that are responsible for catalyzing the health of animals. Depending on the type of animal, they are treated with different concentrations of these feeds. During the forecast period, rapid urbanization and growing consumption of meat and other end products such as milk and eggs in Chile is expected to drive the animal feed market growth. By providing an increased amount of nutrients with the feed, the feed caters to the development of the animals’ capabilities, boosting growth and body weight gain, and enhancing immunity. Animal disease outbreaks are a primary driving force behind the use of animal feed, which aids animal health and assists in the regulation of the food chain.

During the projected period, growing per capita meat consumption is expected to be the primary driver of the animal feed market. Chile's per capita meat consumption increased from 14.680 kg in 2012 to 18.765 kg in 2017, according to the Organization for Economic Cooperation and Development. Chile has had one of the fastest-growing economies in recent decades, allowing the country to drastically mitigate poverty and increase disposable income. This, together with increased urbanization, it is likely to boost the country's animal feed market growth in the coming years. The expansion and investment plans of significant firms aid in the upgrading of product portfolios and reaching out to new target areas, resulting in major growth in the animal feed market. Additionally, the expanding livestock population and the change from disorganized to organized livestock farming are predicted to boost market growth potential in the analyzed period.

However, the high price fluctuation of raw materials is projected to constrain the market expansion over the forecast period. Further, in the forecast period and in the following years, a rising shift towards the adoption of a vegan-based diet is also likely to stifle the growth of the animal feed market.

Compound feed accounts for a significant portion of the animal feed market in Chile, owing to the rising demand for meat as well as aquaculture products, which is the key driver of compound feed market growth. Inclining animal output and increased knowledge of high-quality meat, milk, and other dairy-related goods are the key reasons for accelerating the market's growth.

The market is segmented into cattle, swine, poultry, aquaculture, and other animal types. Owing to the increasing demand for pig meat in Chile, the swine segment is expected to hold the majority of the market over the forecast period. Due to the strong demand for chicken and eggs as an economical source of protein, the poultry segment is predicted to grow at the fastest CAGR owing to the increased production of poultry animals such as chickens and turkeys. The global demand for white meat is rising, further boosting the poultry segment's growth even more.

Key Development

  • December 2021: US Wheat went forward with expanding its capabilities by setting up a novel lab facility in Chile. Since wheat is considered the highest protein content for animal feed, this move was expected to boost growth in the market.
  • October 2021: BASF and Cargill expanded on their animal nutrition partnership, by adding new R&D and innovation capabilities along with new markets to their existing feed enzyme sales agreements.

COVID-19 Impact on Chile Animal Feed Market

The outbreak of the coronavirus pandemic had a slight negative impact on market growth, owing to supply chain disruptions caused by trade restrictions across the globe. Furthermore, a significant drop in meat consumption due to the rising health concerns during the pandemic, as well as the shutdown of places like malls, eateries, and other businesses, caused a depression in the food service industry in Chile, which impacted the market in the near term. However, with ease of restrictions and resumption of production and trade, market recovery is expected in the coming years, with the opening of stores, hotels, and restaurants elevating the demand for meat even higher.

Chile Animal Feed Market Scope:

 

Report Metric Details
 Market Size Value in 2020  US$1,645.809 million
 Market Size Value in 2027  US$2,021.732 million
 Growth Rate  CAGR of 2.98% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Million
 Segments Covered  Type, Raw Materials, And Livestock
 Companies Covered Cargill Incorporated, Amandus Kahl GmbH & Co, Andritz, Alltech, Novus International, Archer Daniels Midland Company
 Customization Scope  Free report customization with purchase

 

Segmentation

  • By Type
    • Fodder
    • Forage
    • Compound Feed
  • By Raw Materials
    • Soya
    • Canola
    • Rendered Meal
    • Others
  • By Livestock
    • Swine
    • Aquatic Animals
    • Cattle
    • Poultry
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Covid-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Driver

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of End-Users

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

 

5. CHILE ANIMAL FEED MARKET ANALYSIS, BY TYPE

5.1. Introduction

5.2. Fodder

5.3. Forage

5.4. Compound Feed

 

6. CHILE ANIMAL FEED MARKET ANALYSIS, BY RAW MATERIALS

6.1. Introduction

6.2. Soya

6.3. Canola

6.4. Rendered Meal

6.5. Others

 

7. CHILE ANIMAL FEED MARKET ANALYSIS, BY LIVESTOCK

7.1. Introduction

7.2. Swine

7.3. Aquatic Animals

7.4. Cattle

7.5. Poultry

7.6. Others

 

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

 

9. COMPANY PROFILES

9.1. Cargill Incorporated

9.2. Amandus Kahl GmbH & Co

9.3. Andritz AG

9.4. Alltech Inc. 

9.5. Novus International Inc

9.6. Archer Daniels Midland Company


Cargill Incorporated

Amandus Kahl GmbH & Co

Andritz

Alltech

Novus International

Archer Daniels Midland Company