The South American poultry feed market is predicted to grow at a CAGR of 3.89% from US$16.676 billion in 2021 to US$21.202 billion by 2028.
The preparation of modern feed involves carefully choosing and mixing ingredients to create a highly nourishing diet that maintains the wellness of poultry while also improving the quality of by-products like meat and eggs. Carbohydrates and lipids provide the majority of the energy required for growth. For chicken, protein is an important source of energy, especially when fat and carbohydrate intake are minimal. Further, rising demand for animal protein, population growth, and increased health consciousness about protein consumption followed by per capita meat consumption are a few factors that will undoubtedly support the growth of the poultry feed industry. Additionally, several government agencies are introducing cutting-edge support programs that help breeders use premium products to maintain the healthiest possible animals and stop disease outbreaks. For instance, the increasing use of components from non-genetically modified organisms in animal feed will drive the South American poultry feed market. However, fluctuating raw material prices and environmental issues are anticipated to restrain the growth of the poultry feed market during the course of the forecast year.
Increased demand for meat and other end-products is driving the growth of the South American poultry feed market.
South America has seen enormous growth in the production and consumption of chicken meat, far exceeding its proportion of the world's developing population. Poultry feed plays a significant part in the food business as it ensures safe and wholesome sources of animal proteins, making the feed industry the most crucial component for the sustained growth of animal husbandry. As per the 2022 report of Alltech Agri-food, animal feed production in South America increased by 0.5% in 2021 at 178.382 metric million tons.
Due to the growing desire for more dietary variety and protein intake, consumers are increasingly seeking foods with higher nutritional value and quality, such as meat, eggs, and dairy products, as opposed to those derived from plants, such as cereals. The demand has increased significantly across a wide range of developing nations as a result of these changes in consumption patterns and sizable population expansion. Additionally, it is anticipated that this trend would persist in the upcoming years. Increased demand for feed, particularly for ingredients with a high protein and energy content, is likely to occur with increased output of animal proteins.
Brazil accounts for a dominant share of the South American poultry feed market during the forecast period.
Brazil has a thriving livestock industry, with significant production of poultry products. Also, Brazil has a large and growing population, coupled with rising disposable incomes and changing dietary patterns. This has led to an increased demand for animal protein, including meat and eggs. According to the Brazilian Institute of Geography and Statistics (IBGE), the production of eggs in Brazil reached 50.2 billion units in 2020, an increase of 4.4% compared to the previous year, which indicates an increase in demand for poultry feed. The increase in per capita consumption of chicken meat in Brazil is attributed to factors such as its affordability, versatility, and nutritional value. Chicken meat is generally considered a healthier and more affordable alternative to other types of meat, such as beef and pork, making it a popular choice among consumers. According to data from the Brazilian Association of Animal Protein (ABPA), the per capita consumption of chicken meat in Brazil was approximately 45.56 kilograms in 2021.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2021 | US$16.676 billion |
| Market Size Value in 2028 | US$21.202 billion |
| Growth Rate | CAGR of 3.89% from 2021 to 2028 |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Type, Raw Material, Additives, and Country |
| Regions Covered | Brazil, Argentina, Colombia, Chile, Peru, Others |
| Companies Covered | Cargill, Incorporated, Purina Mills, Invivo, Archer Daniels Midland, Charoen Pokphand Foods, De Heus, Tyson Foods, Alltech, Godrej Agrove |
| Customization Scope | Free report customization with purchase |
Market Segmentation: