South America Animal Feed Market is expected to reach US$ 76,302.18 Mn by 2027

Pellets Segment to Dominate South America Animal Feed Market during 2019–2027

According to The Insight Partners market research study on “South America Animal Feed Market Forecast to 2027 – COVID-19 Impact and Analysis - By Form (Pellets, Crumbles, Mash, and Others), and Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others)” is expected to reach US$ 76,302.18 million by 2027 from US$ 57,619.73 million in 2018. The market is estimated to grow at a CAGR of 3.1% from 2019 to 2027. The report provides trends prevailing in the SAM animal feed market along with the drivers and restraints pertaining to the market growth. The rise in industrial livestock production and also the increasing demand for protein rich animal feed are the major factors driving the growth of the SAM animal feed market. However, issues associated with implementation of stringent regulations on animal husbandry may hinder the growth of SAM animal feed market.

The market for SAM animal feed market is segmented into form, livestock, and country. Based on form, the market is segmented into pellets, crumbles, mash and others. In 2018, the pellets segment held the largest share in SAM animal feed market. Based on livestock the SAM animal feed market is divided into poultry, ruminants, swine, aquaculture and others. Poultry is expected to be the fastest growing segment over the forecast period. Furthermore in this present scenario of COVID 19 pandemic, the SAM animal feed market has been facing difficulties as most of the industries are facing severe impacts by the outbreak of COVID-19, and the virus critically affected several countries such as Brazil and Argentina among others. The majority of the countries have imposed lockdown or restricted human movement causing the industries to face a severe impact on production as a result of less labor footfall.

Archer Daniel Midland Co., Cargill Inc., Charoen Pokphand Foods PLC, Evonik Industries AG, Nutreco NV, and Perdue Farms Inc. are among the leading companies in the SAM animal feed market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Archer Daniels Midland Company announced that it had successfully completed its US$ 1.75 billion acquisition of Neovia Sarl, creating a global leader in value-added products and solutions for both production and companion animals

SAM Animal Feed Market, By Country, 2018 and 2027 (%)

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South America Animal Feed Market to Grow at a CAGR of 3.1% to reach US$ 76,302.18 Million from 2020 to 2027

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South America Animal Feed Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Form (Pellets, Crumbles, Mash, and Others), and Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others)

The report segments the SAM Animal Feed market as follows:

SAM animal feed market – By Form

• Pellets
• Crumbles
• Mash
• Others

SAM animal feed market – By Livestock

• Poultry
• Ruminants
• Swine
• Aquaculture
• Others

SAM animal feed market– By Country

• Brazil
• Argentina
• Rest of SAM