Latin America Feed Additives Market Size, Share, Trends and Applications 2021
Latin America Feed Additives Market was worth $2.77 billion in 2016 and estimated to be growing at a CAGR of 4.6%, to reach $3.47 billion by 2021
(EMAILWIRE.COM, December 05, 2017 ) The Latin America Feed Additives Market was worth $2.77 billion in 2016 and estimated to be growing at a CAGR of 4.6%, to reach $3.47 billion by 2021
The Latin America feed additives market is developing at a significant rate due to the increase in the livestock population for meat consumption as a source of protein.
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Feed additives are used in animal nutrition to boost the quality and properties of animal fodder to enhance features such as palatability preservation, overall gut health/digestive performance, and others. They have gained reputation globally, as they further the overall health of the animal, in turn enhancing the quality and quantity of meat produced from them. For example, poultry feed additives are used to enhance the bird’s egg-laying capacity, disease prevention, and feed utilization.
The growth of the Latin America Feed Additives market is mainly due to the rise in meat consumption, industrialization of the livestock industry, and the threat of diseases in livestock. Increase in the cost of raw materials for feed additives is a key challenge for the companies in the Latin America market.
The Latin America feed additives market is segmented based on type and livestock. The market for feed additives, on the basis of type, is classified into Antibiotics, Antioxidants, Amino Acids, Enzymes, Vitamins, Mycotoxin Detoxifiers, Prebiotics, Acidifiers, Probiotics, Feed Pigments, Feed Binders, Flavours and Sweeteners, Feed Minerals and each is further classified into subgroups.
On the basis of livestock, the Latin America feed additives market is segmented into poultry, cattle, swine, aquatic animals, and others. By livestock, the poultry segment leads the feed additives market in this region. Amino Acids, antibiotics, acidifiers, and vitamins are the major sectors accounting for almost 50% of the entire feed additives market. Feed antioxidant is another high growth segment in this market owing to ramped-up efforts of manufacturers to avoid feed spoilage and wastage.
Free sample of the report is available at: http://www.marketdataforecast.com/market-reports/latin-america-feed-additives-market-320/request-sample
The Latin America market is one of the fastest growing markets for feed additives market. South America is an emerging market with huge potential and strong growth rates. Brazil accounts for the largest market share in the region with more than 55% of the market and is expected to lead the market during the forecast period. Argentina offers an opportunity to the manufacturers as the administration is fixated on increasing the beef exports of the country.
Some of the major companies dominating this market in this region are BASF SE, Cargill, Inc., Inc., Novozymes A/S,Alltech, Archer Daniels Midland Company,Chr. Hansen Holding A/S, Nutreco N.V., Evonik Industries AG,Charoen Pokphand Foods Public Company Limited, and Adisseo France SAS.
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The Latin America feed additives market is developing at a significant rate due to the increase in the livestock population for meat consumption as a source of protein.
To view full report: http://www.marketdataforecast.com/market-reports/latin-america-feed-additives-market-320/
Feed additives are used in animal nutrition to boost the quality and properties of animal fodder to enhance features such as palatability preservation, overall gut health/digestive performance, and others. They have gained reputation globally, as they further the overall health of the animal, in turn enhancing the quality and quantity of meat produced from them. For example, poultry feed additives are used to enhance the bird’s egg-laying capacity, disease prevention, and feed utilization.
The growth of the Latin America Feed Additives market is mainly due to the rise in meat consumption, industrialization of the livestock industry, and the threat of diseases in livestock. Increase in the cost of raw materials for feed additives is a key challenge for the companies in the Latin America market.
The Latin America feed additives market is segmented based on type and livestock. The market for feed additives, on the basis of type, is classified into Antibiotics, Antioxidants, Amino Acids, Enzymes, Vitamins, Mycotoxin Detoxifiers, Prebiotics, Acidifiers, Probiotics, Feed Pigments, Feed Binders, Flavours and Sweeteners, Feed Minerals and each is further classified into subgroups.
On the basis of livestock, the Latin America feed additives market is segmented into poultry, cattle, swine, aquatic animals, and others. By livestock, the poultry segment leads the feed additives market in this region. Amino Acids, antibiotics, acidifiers, and vitamins are the major sectors accounting for almost 50% of the entire feed additives market. Feed antioxidant is another high growth segment in this market owing to ramped-up efforts of manufacturers to avoid feed spoilage and wastage.
Free sample of the report is available at: http://www.marketdataforecast.com/market-reports/latin-america-feed-additives-market-320/request-sample
The Latin America market is one of the fastest growing markets for feed additives market. South America is an emerging market with huge potential and strong growth rates. Brazil accounts for the largest market share in the region with more than 55% of the market and is expected to lead the market during the forecast period. Argentina offers an opportunity to the manufacturers as the administration is fixated on increasing the beef exports of the country.
Some of the major companies dominating this market in this region are BASF SE, Cargill, Inc., Inc., Novozymes A/S,Alltech, Archer Daniels Midland Company,Chr. Hansen Holding A/S, Nutreco N.V., Evonik Industries AG,Charoen Pokphand Foods Public Company Limited, and Adisseo France SAS.
About Market Data Forecast:
The publisher of this report is Market Data Forecast whose forte lies in Market research and Business Intelligence. Handling both individual and corporate clients across multiple business domains they offer syndicated/customized research to suit the client’s research objective. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering North America among other regions of the global market as well. For more info kindly visit, www.marketdataforecast.com
Contact:
Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases
Contact Information:
Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results