Brazil animal feed market is anticipated to witness substantial growth by 2028 owing to the increasing consumption of meat and dairy products in the country. The rising concern over meat quality and food safety is also propelling the demand for animal feed for livestock. The government of Brazil is taking measures to ensure good quality of meat and animal-by products. Further, rising per capita disposable income has led to increased meat consumption which in turn is expected to drive the animal feed market growth during the forecast period.
Important Elements of Brazil’s Animal Feed Market
Additionally, improved socioeconomic factor and education level has created awareness among Brazilians toward food safety. This has led to change in eating patterns and made various regulatory bodies to lay out guidelines for good animal feeding practices. With the focus of government and international organizations like the Food and Agricultural Organization (FAO) on ensuring the safety of food for human consumption, Brazil’s animal feed market is poised to undergo formidable growth in the next five years.
Brazil animal feed market is segmented based on type, product, and region. Based on type, the market is categorized into swine animal feed, poultry animal feed, ruminant feed, aquatic feed, and others. The poultry animal segment held the largest market share in 2022 and is expected to dominate the market by 2028 owing to the increasing consumption of poultry meat like chicken in the country.
Based on product, the Brazilian animal feed market is segmented into fodder, forage, and others. Among them, the fodder segment is estimated to undergo the highest growth rate owing to the lack of grazing land for animals in the country. Also, the high demand for meat is supporting the demand for fodder in Brazil.
Major players operating in the Brazil animal feed market
- Ingredion Incorporated
- Novus International Inc.
- Nutreco, among others.
The objective of the Study Brazil Animal Feed Market
- To analyze and forecast the market size of Brazil animal feed market.
- To classify and forecast Brazil’s Animal feed market based on type, product, company, and regional distribution.
- To identify drivers and challenges for Brazil’s animal feed market.
- To examine competitive developments such as expansions, and new product launches in Brazil animal feed market.
- To conduct a pricing analysis for Brazil’s animal feed market.
- To identify and analyze the profile of leading players operating in Brazil animal feed market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of animal feed manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturing companies which could not be identified due to the limitations of secondary research. TechSci Research analyzed the companies, distribution channels, and presence of all major players across Brazil.
TechSci Research calculated the market size of Brazil’s animal feed market using a bottom-up approach, wherein data for various end-user segments were recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.
Key Target Audience for Brazil Animal Feed Market
- Animal feed manufacturers/partners
- Sales channel/vendors/ distribution
- Market research and consulting firms
- Government bodies such as regulating authorities and policymakers
- Organizations, forums, and alliances related to animal feed
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as companies, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
|Historical Years||2018 – 2021|
|Forecast Period||2024F – 2028F|
|Quantitative Units||Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023E-2028F|
|Report Coverage||Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends|
|Segments Covered||· Type· Product|
|Region Scope||South-East; North-East; South; Central-West; North|
|Key Companies Profiled||Adisseo, Cargill, BASF, Alltech, Bunge, DSM, Ingredion Incorporated, Yara, Novus International Inc., Biomin, and Nutreco.|
|Customization Scope||10% free report customization with purchase. Addition or alteration to regional & segment scope.|
|Pricing and Purchase Options||Avail customized purchase options to meet your exact research needs. Explore purchase options|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
In this report, Brazil’s animal feed market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Brazil Animal feed Market, By Type:
- Swine Animal Feed
- Poultry Animal Feed
- Ruminant Feed
- Aquatic Feed
- Brazil Animal feed Market, By Product:
- Brazil Animal feed Market, By Region: