Latin America Starter Feed Market

Latin America Starter Feed Market Size (2024 to 2029)

The Latin America starter feed market size is expected to reach USD 3.35 billion in 2024 and reach USD  4.14 billion by 2029, growing at a CAGR of 4.35% from 2024 to 2029.

Starter feed is a mixture of dairy and highly digestible protein products, acidifiers, enzymes, probiotics, and palatability agents like sweeteners and flavors with the raw materials that are generally available on the farm to obtain high-performing pre-starter and starter diets. The usage of quality starter feeds in the first weeks of animal farms may obtain much higher results in the growth, nutritional, and sanitary performance of animals. It allows the animal to adapt to the solid feed and, consequently, improves the assimilation of the following feeds. In addition, we also obtain progressive growth and lower mortality.

Starter feeds are used in different types of livestock farming, such as poultry, swine, aquatic, and ruminants. In poultry, it is used in newly hatched chicks ages 0-10 weeks in order to increase protein levels up to 20%. It covers all the nutritional needs of the farm fish by improving the performance of the fish and contributes to increased production profitability. The starter feed for swine provides a balanced nutritional formulation and also helps in increasing the swine population during the initial growth stage to get accustomed to a solid diet. In livestock feed, oats are easier to feed to animals than other grains because of their high fiber content and beta-glucans.

Major factors driving the Latin America starter feed market are the increasing demand for livestock products, adoption of precision nutrition techniques, growing people's awareness about animal feed, rise in disposable income, favorable government policies in the animal industry, rise in livestock production, new products innovation and technological advancements in the farms.  However, a lack of awareness and the high cost of feed are restraining the growth of the Latin America Starter Feed Market.

This research report on the Latin American starter feed market is segmented and sub-segmented into the following categories.

Latin America Starter Feed Market Analysis By Ingredients

• Corn
• Wheat
• Oats
• Soybean
• Barley
• Others

 Latin America Starter Feed Market Analysis By Type

• Medicated
• Non-medicated

Latin America Starter Feed Market Analysis By Form

• Pellets
• Crumbles

Latin America Starter Feed Market Analysis By Application

• Poultry
• Ruminants
• Swine
• Aquatic

COUNTRY ANALYSIS

• Brazil
• Mexico
• Argentina
• South America

Brazil is one of the largest markets in this region, followed by Mexico, Argentina, and Columbia, which are also intensifying their investments in this market.

KEY PLAYERS IN THE LATIN AMERICA STARTER FEED MARKET

Major companies in the Latin America Starter Feed Market are Cargill Incorporated, Archer Daniels Midland Company, Evonik Industries AG, BASF SE, Charoen Pokphand Foods Plc, Roquette Freres S.A., Koninklijke DSM NV, Alltech and Associated British Foods Plc.