Latin America Feed Preservatives Market

Latin America Feed Preservatives Market Size (2024 to 2029)

The Latin American feed preservatives market is expected to reach USD 1.65 billion in 2024 and reach USD 2.55 billion by 2029, estimated to be growing at a CAGR of 9.13% from 2024 to 2029.

The market is expected to show enormous potential in the mentioned period. The market continues gaining momentum with the growing awareness about practises in feed management and customized formulations to reduce production costs and thus improve livestock health, which has, in turn, led to an increase in investments in higher quality feed products, resulting in the rising need for preservatives.

Feed Preservatives comprise of a bunch of feed additives like acidifiers, antioxidants etc. which are mainly used in maintaining a better hygiene for livestock and thus improve their productivity. They are usually used for improvement of feed quality by increasing the nutritional content of the feed.

There are so many factors driving the Feed preservatives market and responsible for the market to showcase immense potential in the given forecast period. The major ones include unpredictable crop harvest patterns, which have led to the need for feed storage and regulatory requirements to improve feed quality. Further, the Industrialization of the poultry sector across developing markets has also acted as an important factor contributing to the growth of the market. As far as restraints challenges are concerned, there has been just one major one holding down the market’s potential recently, which is the limitation on the profit margins of the End Product. As a result of the low profits, the market has witnessed lower investments than its potential.

This research report on the Latin America feed preservatives market is segmented and sub-segmented into the following categories

Latin America Feed Preservatives Market  By Type

• Feed Acidifiers

• Mold Inhibitors
• Feed antioxidants
• Anticaking agents

Latin America Feed Preservatives Market  By Livestock

• Cattle, poultry
• Swine
• Aquaculture
• Other livestock

Latin America Feed Preservatives Market  By Feed Type

• Compound Feed
• Feed Premix
• Feed Meal
• Silage
• Other Feed Types

Latin America Feed Preservatives Market  By Country

• Brazil
• Argentina
• Chile
• Mexico
• South America
• Rest of Latin America

KEY PLAYERS IN THE MARKET

Some of the major companies dominating the market, by their products and services, include BASF SE, Impextraco NV, E.I. Dupont De Nemours and Company, Alltech Inc., Nutreco N.V., Novus International Inc., Biomin Holding GmbH, Perstorp Holding AB, Cargill Inc., Kemin Industries Inc.