The Argentina compound feed market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the rapid growth of organized livestock farming in the country. Moreover, rising demand for greater food varieties is driving the growth of the market.
Growing demand for high protein intake feed with increasing consumption and population of livestock is expected to propel the market growth. Compound feed is fodder mixed with a variety of ingredients and additives. These combinations are designed to meet the specific requirements of the target animal. They are made by feed manufacturers, and are available in form of pellets or crumbles.
The compound feed market has a large number of mills that feed on chickens, cattle, and pigs, among others. Feed mills include ingredients, such as soy foods, corn, and rice. The mixed product is removed before baking in the oven and sprayed with oil before serving it. Animal feed is based on parameters such as fibers, starch and amino acid composition. This is a challenge for those who mix feeds, as there are many ingredients in each feed formulation, and each ingredient has a natural variation in composition and nutritional content.
Market Trends, Drivers, Restraints, and Opportunities:
- Growing demand for meat, poultry, and seafood is one of the major drivers that is contributing to the growth of the market.
- Increasing awareness about precision nutrition is anticipated to augment the Argentina compound feed market growth.
- Fluctuating prices of raw materials can restraint the market growth.
- Government regulations restricting the compound feed activities can hinder the market growth.
- The outbreak of COVID-19 has negatively impacted the Argentina compound feed market. However, declining number of cases and acceleration in the vaccination drive and relaxation in restrictions in the country that were imposed to mitigate the spread of virus are expected to help the market recover soon.
- Massive growth in aquaculture as well as high demand for organic feed are the opportunities lying ahead for the Argentina compound feed market during the forecast period.
Scope of the Report
The report on the Argentina compound feed market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Compound Feed Market - Argentina Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2020
|
|
Historic Data
|
2018–2019
|
|
Forecast Period
|
2021–2028
|
|
Segmentation
|
Animal Type (Ruminants, Poultry, Swine, and Others), Ingredients (Cereal, Cakes & Meals, By-Products, and Supplements)
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
Cargill Inc., LAND O’ LAKES INC. (PURINA MILLS), ALLtech inc., Archer Daniels Midland Company, United Animal Health.
|
Argentina Compound Feed Market Segment Insights:
Poultry segment to grow at a rapid pace
Based on animal types, the market is divided into ruminants, poultry, swine, and others. The poultry segment to account for a considerable market share and is anticipated to grow at a robust rate during the forecast period. Common ingredients used in the poultry segment are whole maize, maize germ, cotton seed cake, soya beans, sunflower, or fish meal (omena) which are important in these segment. In addition, farmers need to add several feed additives (micronutrients, minerals and vitamins) to make ensure their chicken have a balanced feed that meets their daily nutrient requirements.
Cereals Segment to account a major market share
Based on ingredients, the market is divided into cereals, cakes & meals, by-products, and supplements. The cereals segment is anticipated to account for a major market share during the forecast period. Cereals are considered as a major component of animal feed. Increasing demand for high-energy foods to improve the animal performance is driving the segment growth. On the other hand, the supplements segment is anticipated to exhibit a robust CAGR during the forecast period. Rising demand for high protein products is driving the growth of the market segment.
Segments
Segments Covered in the Report
The Argentina compound feed have been segmented on the basis of
Animal Types
- Ruminants
- Poultry
- Swine
- Others
Ingredients
- Cereal
- Cakes & Meals
- By-Products
- Supplements
Key Players
- Cargill Inc.
- LAND O’ LAKES INC. (PURINA MILLS)
- ALLtech inc.
- Archer Daniels Midland Company
- United Animal Health
Competitive Landscape
The major players of the market are Cargill Inc., LAND O’ LAKES INC. (PURINA MILLS), ALLtech inc., Archer Daniels Midland Company, United Animal Health.
Companies are investing in various innovations to upgrade and expand their production plants in terms of capacity and technology. Moreover, they’re focusing on joint ventures and acquisitions to expand their market share. On the other hand, manufacturers are focusing on production of plant-derived products to leverage their market position.
Request For Customization
Enquiry Before Buying
Speak With Analyst
