The swine feed market in Latin America is estimated to grow from $9,166.43 million in 2014 to $11,884.87 million by 2019, at a CAGR of 5.3% from 2014 to 2019.
Browse through the TOC of Latin America Swine Feed Market for an analysis of industry trends and segments, with the help of various tables and figures.
The countries in Latin America are showing a rapid growth in meat consumption practices. In 2014, Brazil had the largest swine feed market by value followed by Argentina and other Latin American countries. There is a high demand for pork, an important source of protein, as it is available at a relatively cheaper price than other meats. As people from Latin America consume pork on a daily basis, the production level along with the propensity to purchase is high. The rising levels of pork consumption demand an increase in supply of pork. Some of the drivers for the growth of the swine feed market are change in lifestyle and consumption of fast food containing pork as the chief ingredient.
The demand is both from the food industry and domestic consumption. The food retail giants offering pork food products are establishing their foothold, as they are proliferating into the market.
The global firms have developed business strategies which include agreements, partnership, and collaborations to maximize profits. Archer Daniels Midland Co. (U.S.) is one of the major swine feed providers and has spread its operations in major Latin American countries.
This market is segmented and forecast on the basis of type of swine feed, such as layers, broilers, turkeys & others; and swine feed additives, such as antibiotics, vitamins, antioxidants, amino acids, feed enzymes, feed acidifiers & others. The market is further segmented and forecast on the basis of major countries, such as Brazil, Argentina, and others.
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This report also includes the market share, value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of key players in the market.
Europe Swine Feed Market
The European swine feed market is estimated to grow at a CAGR of 4.3% from 2014 to 2019. Pork is an inexpensive alternative for animal protein as compared to beef. The production of pork involves lower operating costs for producers and quick return on investments.
MicroMarket Monitor produces exclusive market research reports, based on real-time data to provide better understanding of the dynamic market conditions of the Animal Husbandry industry. The reports offer in-depth and complete analysis of the regional and country level marketplaces. The research reports for Animal Husbandry industry are updated on quarterly basis and are easily available for purchase through annual subscriptions.
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