The Latin American acids and nutrients in animal nutrition market size is expected to reach USD 1.09 billion in 2024 and USD 1.42 billion by 2029, estimated to be growing at a CAGR of 5.5% from 2024 to 2029.
Latin America also contributes a considerable share of the market manufactures of animal feed have begun providing feed with nutrition to the animals which are rich in nutrients, acids and proteins. It is mainly because of the face that High demand for meat and milk is expected. All these sectors are empowering the manufactures of feed which has high nutrition valve such that the animals are safe and healthy.
The increase in the awareness of the quality of animal feed for domestic animals and the requirements of nutrition value for the animals are the drivers for acids and nutrients in the animal nutrition market. The increase in the use of animal feed is expected to have a good impact on the growth of the market in the future. Growth in the meat and milk sectors is showing an impact on the manufacturers of feeds to give more quality feeds that are rich in nutrients and acids. Hence, it is adding to the growth of the market. High-nutrition feeds promise good health to the animals and protect them from endemic diseases. Using amino acids has its own benefits. Huge volume requirements for cattle feed are the major driving factor for the market. High development can be seen in aquaculture for the nutrition and health maintenance of the animals in water because of the large human consumption of aquatic animals like fish and others that are highly helping in the growth of the market.
Amino acids are the major segment that contributes to the growth of the market.
Ruminants are to dominate the market and are expected to continue in the following years.
Some of the major companies dominating the market, by their products and services, are Adisseo France S.A.S, Archer Daniels Midland Company, BASF SE, Cargill Incorporated, Charoen Pokphand Foods Pcl., Royal DSM N.V., Evonik Industries Ag, Nutreco N.V., Alltech, Novus International Inc.
Frequently Asked Questions
Key drivers include the expansion of the livestock industry, increasing consumer demand for meat and dairy products, and a growing awareness of the importance of animal nutrition for productivity and animal welfare.
Regulatory challenges may include navigating diverse regulatory frameworks across countries, registration requirements for feed additives, and ensuring compliance with labeling and safety standards set by local authorities.
The pandemic disrupted supply chains and logistics, leading to temporary shortages and price fluctuations for feed additives. However, the market showed resilience, driven by the essential nature of animal agriculture.
Challenges include limited access to information and technical support, affordability of feed additives, and logistical constraints in sourcing and purchasing small quantities of products.
Technological innovations include the development of encapsulation techniques to improve the delivery of nutrients, precision feeding systems for optimizing feed efficiency, and digital platforms for monitoring animal health and performance.
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