Mexico Compound Feed Market Outlook 2031
The Mexico compound feed market size was valued at USD XX Billion in 2022 and is projected to reach USD XX Billion by 2031, expanding at a CAGR of 3.5% during the forecast period, 2023–2031. Growth of the market is attributed to the rising demand for meat, dairy, and aquaculture products. Compound feed is a combination of fresh or preserved items of vegetable or animal origin intended for oral feeding to domestic animals in their natural form.
In other words compound feed is a blend of basic materials and supplements provided to animals, derived from plant, animal, organic, or inorganic sources, or industrial processing, and may contain additives. The most common additions combined to produce compound feed are vitamins, minerals, and amino acids.
Healthy animals require an adequate amount of carbs, proteins, vitamins, and minerals. Compound feed's nutritional quality is determined not only by nutrient content, but also by hygiene, digestibility, and effect on intestinal health. Mexico has steadily increased its need for compound feed in recent decades.
Growing population, increased demand for high-quality meat products, and rising consumer spending levels are driving market. Market development has been aided by the expansion of user industries and livestock production. Feed makers and producers are becoming more aware of ways and tactics to deal with COVID-19 as a result of the outbreak. As the market begins to stabilize, this is expected to lead to an increase in demand for feed additives.
Mexico Compound Feed Market Trends, Drivers, Restraints, and Opportunities
- Rising livestock production is estimated to propel the market during the forecast period.
- Increase in organized livestock farming is projected to fuel the market in the coming years.
- Growth of the market is driven by increasing demand for meat, rising consumer spending, and growing population.
- High cost of the product is expected to hamper the market growth.
- Stringent government regulations act as major challenge that restricts the market growth.
- Growing adoption of flexible feeds is anticipated to offer immense opportunities for the market players.
Scope of Mexico Compound Feed Market Report
The report on the Mexico compound feed market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Compound Feed Market - Mexico Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Animal type (Ruminants, Poultry, Swine, Aquaculture, and Others), Ingredients (Cereal, Cakes, and Meals, By-products, and Supplements)
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Geography
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Mexico
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Cargill Inc., ALLtech Inc., LAND O’ LAKES INC. (PURINA MILLS), Archer Daniels Midland Company, and United Animal Health.
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Mexico Compound Feed Market Segment Insights
Animal Types Segment Analysis
On the basis of animal types, the Mexico compound feed market is divided into ruminants, poultry, swine, aquaculture, and others. The poultry segment is expected to represent a key share of the market during the forecast period. Poultry is considered as one of the most cost-effective sources of protein, and as a result, demand for poultry goods such as eggs and meat continues to rise.
The population and income variables have a significant impact on poultry product demand. Packaged chicken feed is predicted to expand at a faster rate than traditional poultry feed. As a key source of energy, cereals make up a large percentage of the animal feed diet. Various grains are utilized in feed depending on the region's availability and preferences.
Ingredients Segment Analysis
On the basis of ingredients, the Mexico compound feed market is segmented into cereal, cakes, and meals, by-products, and supplements. The cereal segment is expected to represent a key share of the market during the forecast period.
As a key source of energy, cereals make up a large percentage of the animal feed diet. Various grains are utilized in feed depending on the region's availability and preferences. With growing pressure on animal performance and growth to optimize the output of animal-based goods, high-energy diets are in great demand.
Segments
The Mexico compound feed market has been segmented on the basis of
Animal Type
- Ruminants
- Poultry
- Swine
- Aquaculture
- Others
Ingredients
- Cereal
- Cakes and Meals
- By-products
- Supplements
Key Players
Competitive Landscape
Key players competing in the Mexico compound feed market include Cargill Inc., ALLtech Inc., LAND O’ LAKES INC. (PURINA MILLS), Archer Daniels Midland Company, and United Animal Health. Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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