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

Published:  May 2022 Report Code: KSI061612401 Pages: 99

The Peru animal feed market is evaluated at US$1,088.709 million for the year 2020, growing at a CAGR of 2.36% to reach a market size of US$1,281.895 million by the year 2027.

Animal feeds are the products that are responsible for boosting the health of animals. Depending on the animal, they are treated with different concentrations of feed. During the projected period, rapid urbanization and rising consumption of meat and other end products such as milk and eggs in Peru will drive the animal feed market growth potential.

Providing increased nutrients with the feed aids in developing the animal's capabilities, boosting growth and body weight gain, and increasing immunity. Animal disease outbreaks are a primary driving force behind the usage of animal feed, which benefits animal health and assists in food chain regulation.

Peru is amongst the fastest-growing animal feed markets in South America, with greater health consciousness and increased consumption of raw and processed meat driving demand for animal feed in the country. Chicken is a market-leading segment, and with the growing poultry population, feed consumption is likely to rise in the coming years as well. Peruvian chicken production climbed from 1307790 in 2010 to 1582632.5 in 2016, according to the Food and Agriculture Organization. Rapid urbanization and rising middle-class affluence in the country are also predicted to boost market growth prospects.

The expansion and investment plans of significant firms contribute to the upgrading of product portfolios and reaching out to new target areas, resulting in high growth in the animal feed market. In addition, the expanding livestock population, as well as the change from disorganized to organized livestock farming, is predicted to boost market growth potential in the upcoming years. 

The high price fluctuation of raw materials, on the other hand, is likely to stifle market expansion over the projection period. Furthermore, in the projection period and the following years, a rising shift toward adopting a vegan-based diet is likely to hinder the growth of the animal feed market.

Compound feed accounts for a substantial portion of the animal feed market in Peru, owing to the rising demand for meat and aquaculture products, which is the primary driver of compound feed market growth. Growing animal output and increased knowledge of high-quality meat, milk, and other dairy-related goods are two key reasons boosting the market's growth.

The market is divided into cattle, swine, poultry, aquaculture, and other animal types. Due to the increasing demand for pig meat in Peru, the swine segment held the majority of the market over the projection period. Because of the strong demand for chicken and eggs as an economical source of protein, the poultry segment is predicted to develop at the fastest CAGR due to the increased production of poultry animals such as chicken and turkey. The global demand for white meat is rising, boosting the poultry segment's growth even more.

COVID-19 Impact

The outbreak of the novel coronavirus disease is expected to have a slight negative impact on market growth, owing to supply chain disruptions caused by trade restrictions around the world. Furthermore, a considerable drop in meat consumption due to rising health concerns during the pandemic, as well as the shutdown of malls, eateries, and other businesses, produced a depression in the food services industry in many areas of the world, impacted the market in the near term. However, considerable market recovery is expected in the coming years, with limitations being lifted and the opening of stores, hotels, and restaurants, driving the demand for meat even higher.

Recent Development

In October 2021, BASF and Cargill expanded their animal nutrition partnership, adding new R&D and innovation capabilities as well as new markets to their existing feed enzymes sales agreements.

Alltech has launched a new range of premium equine vitamins called Lifeforce TM in May 2021. These supplements were developed to satisfy the demands of modern horses throughout their lives, from performance to recreation, and are backed by more than 40 years of scientific research and formulated with field-proven technologies.

Segmentation

  • By Type
    • Fodder
    • Forage
    • Compound Feed
  • By Raw Materials
    • Soya
    • Canola
    • Rendered Meat
    • Others
  • By Livestock
    • Swine
    • Aquatic Animals
    • Cattle
    • Poultry
    • Others
1. Introduction
1.1. Market Definition
1.2. 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 Drivers
4.2. Market Restraints
4.3. Porter’s 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. Peru Animal Feed Market Analysis, by Type
5.1. Introduction
5.2. Fodder
5.3. Forage
5.4. Compound Feed

6. Peru Animal Feed Market Analysis, by Raw Materials
6.1. Introduction
6.2. Soya
6.3. Canola
6.4. Rendered Meat
6.5. Others

7. Peru 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
9.4. Alltech
9.5. Novus International
9.6. Archer Daniels Midland Company
9.7. Nutrias

Cargill Incorporated

Alltech

Novus International

Archer Daniels Midland Company

Andritz

Amandus Kahl GmbH & Co

Nutrias

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