South America cattle feed market is expected to grow at a compound annual growth rate of 2.94% over the forecast period to reach a market size of US$6,167.169 million in 2027, from US$5,036.138 million in 2020.
Commercial cattle feed is either provided directly to the animals or mixed with feed concentrates or roughages before feeding. According to the Food and Agriculture Organisation, the countries with the most dairy cattle include Brazil. Commercial feed comprises specific formulations produced for each growth cycle of the cattle. Compound cow feed is provided to beef cattle, dairy cattle, calves, and other livestock to be fed as a sole ration. Compound cow feed is provided to beef cattle, dairy cattle, calves, and other livestock.
Improved industrial livestock production and increased understanding of the safety of meat and milk products as a result of rising demand for high-value animal protein. Improved demand for high-value protein, elevated knowledge of the safety of meat and milk products, and heightened industrial livestock production are the main drivers of this industry. Furthermore, during the projection period, an increased focus on cow health to prevent disease is expected to improve the demand for ruminant feed in this region. The immense support from the government help in the commercial planting of genetically modified crops. Argentina and Brazil have significant potential to increase yields for several crops, particularly corn. Argentina was once a major player in the global beef market. However, it has recently lost its position due to domestic policies prioritizing domestic consumption and inflation avoidance over exports.
Changes in nutrition patterns, urbanization, population increase, and economic growth have contributed to the highest growth in meat consumption in the South American region. In recent years, there has been a growing public awareness of the health benefits of protein consumption. This resulted in various changes in dietary habits and consumption patterns, including a move toward increasing consumption of meat and dairy products. Consumers are more concerned about their health; thus, they focus on nutrient-dense products obtained from calves fed enriched feed. This rising demand for various animal products is helping to drive the ruminant feed market in this region forward.
The Brazilian feed sector is the world's third-largest, owing to the vast amounts of raw resources produced and the country's size. According to statistics from the Alltech Global Feed Survey, Brazil produced 69.5 million metric tonnes of animal feed in 2019, including about 14 million metric tonnes of ruminant feed. The rising demand for meat protein has prompted the country's ruminant meat output, which has raised the intake of ruminant feed and is predicted to continue to develop at a healthy rate.
The immune systems of farm animals are compromised by hazardous and contaminated feed ingredients, resulting in a loss of productivity for farmers. Livestock farmers have begun to invest in high-quality feed premixes since disease outbreaks have become increasingly frequent. Customers place high importance on product quality assurance and safety. Diseases can impact the trade of dairy, meat, and by-products from animals. For a long time, the export of these products has been forbidden in the disease-affected areas until the disease has been completely isolated and managed.
According to the Plant-based food association, Mexico is the most fascinating market in the plant-based industry, with the second-largest population in the area and the highest percentage of vegans and vegetarians. This market isn't solely driven by vegans and vegetarians. In fact, in Latin America and worldwide, most plant-based consumers identify as flexitarians, which accounts for a considerable percentage of those identified as vegan or vegetarian.
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