Brazil Animal Nutrition Market Forecast, 2022-2027
Brazil Animal Nutrition Market size is estimated at $11.2 billion in 2021, growing at a CAGR of 4.1% during the forecast period 2022-2027. Animal nutrition products are designed specifically to meet the dietary needs of animals. Some of the vital components found in animal nutrition products necessary for animals to maintain health and enhance productivity include amino acids, trace minerals, probiotics and phytobiotics. Some of the most common additives used to make animal feed include Pichia yeast, soybean and feed binders. Feed binders are used to glue the various additives and ingredients of the animal nutrition product to maintain pellet integrity. Rapid growth in the livestock population of Brazil is one of the major factors that is anticipated to drive the growth of Brazil Animal Nutrition industry during the forecast period 2022-2027.
Brazil Animal Nutrition Market Report Coverage
Key Takeaways
- The poultry segment dominated the Brazil Animal Nutrition market size in the year 2021 owing to the rapid growth in the export of chicken meat by Brazil. Brazil was the largest exporter of chicken in 2021.
- The rising consumption of meat and dairy products among the Brazilian population is anticipated to drive the market during the forecast period.
- Detailed analysis of the Strength, Weaknesses and Opportunities of the prominent players operating in the market will be provided in the Brazil Animal Nutrition Market report.
- However, the surge in prices of animal nutrition ingredients such as amino acids, trace minerals, probiotics and phytobiotics in the country is projected to hamper Brazil Animal Nutrition market share.
Brazil Animal Nutrition Market Segment Analysis – By Nutrient Product
Brazil Animal Nutrition Market Segment Analysis – By Application
Brazil Animal Nutrition Market Drivers
Growing Export of Meat is Driving the Brazil Animal Nutrition Industry growth
Rapid Rise in Pet Adoption is Poised to Increase the Growth of the Brazil Animal Nutrition Market Size
Brazil Animal Nutrition Market Challenge
Brazil Animal Nutrition Industry Outlook
- Adisseo
- Cargill, Incorporated
- BASF SE
- Alltech
- Koninklijke DSM N.V.
- Ingredion Incorporated
- Novus International Inc.
- Archer Daniels Midland Company
- Evonik Industries
- Sodrugestvo Group S.A.
Recent Developments:
- In June 2022, Royal DSM announced that they have acquired Prodap. Prodap is a Brazilian animal nutrition and technology company that combines technology offerings, consulting services and customized nutritional solutions to help drive efficiency and sustainability in animal farming.
- In September 2021, Royal DSM announced that they have received full regulatory approval from the Brazilian and Chilean authorities to commercialize Bovaer. Bovary is the company’s novel methane-reducing feed additive for ruminants.
- In March 2020, Royal De Heus signed an agreement for the acquisition of the Brazilian cattle nutrition company Cerrado Nutrição Animal, located in Itaberaí, Brazil. Cerrado Nutrição Animal produces a complete range of high-quality dairy and beef products including complete feeds, concentrates, nucleus, mineral supplements and mineral protein supplements.
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