Market Trends of brazil feed additives Industry
This section covers the major market trends shaping the Brazil Feed Additives Market according to our research experts:
Amino Acids is the largest Additive
- In Brazil, amino acids, binders, minerals, probiotics, and prebiotics dominate the livestock feed market. They cumulatively accounted for 60.6% of the total feed additives market in 2022. However, the market experienced a decline in 2020, mainly due to decreased feed production resulting from the impact of the COVID-19 pandemic. The pandemic led to disruptions in supply chains, lockdowns, and physical distancing, causing feed production to decrease by 23.8% in 2020 compared to the previous year.
- Amino acids are a significant contributor to the feed additives market in South America. They accounted for 18.1% of Brazil's feed additives market value in 2022. Among amino acids, lysine is crucial for animal nutrition. It accounted for 39.6% of Brazil's feed amino acids market value in 2022.
- Synthetic binders improve the quality of feed by increasing pellet durability and promoting better digestion and nutrition intake in animals. In 2022, synthetic binders held 62.9% of Brazil's total feed binders market value.
- Poultry was the largest consumer of feed minerals, accounting for 41.5% of Brazil's feed minerals market in 2022, attributed to the country's rising poultry population and feed production, which increased by 9.1% from 2017 to 2022.
- Antioxidants are added to feed to increase its shelf life by preventing lipid peroxidation and oxidative rancidity during production, processing, and storage. The demand for antioxidants is projected to drive the market at a CAGR of 5.2% during the forecast period.
- Despite the challenges faced by the Brazilian feed additives market due to the pandemic, it is expected to rebound and grow in the coming years.
Understand The Key Trends Shaping This Market
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