Market Research Report
South America Feed Acidifiers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
|South America Feed Acidifiers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)|
Published: January 17, 2022
Mordor Intelligence Pvt Ltd
Content info: 120 Pages
Delivery time: 2-3 business days
South America feed acidifiers market is estimated to register a CAGR of 5.8% during the forecast period (2020 - 2025). Feed acidifiers improve digestion by controlling harmful bacteria in the gut. The growing animal production industry and the requirement of a healthy animal diet are the prime drivers of the market. Brazil and Argentina are the leading South American countries in terms of market value. The South America feed acidifiers market is highly consolidated with few players holding a major share in the market.
Livestock is of key importance for South America and is a basic source of food for the food security of local populations. There fore increasing demand for meat domestically and globally caused an escalation in animal production boosting the feed acidifiers market. Brazil is the leading animal producer in the region, followed by Argentina. Chicken, beef, and pork are the main meats consumed in the country. Hence, the production of these animals outnumbered the other animals, and acidifiers are mainly used in these animals' diets.
As Brazil is the leading producer, consumer, and exporter of animals in the region, it accounts for the major share of the market. The total number of swine, cattle, and poultry produced in the country was 41.4 million, 213 million, and 1468 million, respectively in 2018. Increasing consumption of meat, export demand and government support are some of the major reasons for large animal production in Brazil. the feed acidifiers consumption is anticipated to increase in the coming years as animal production is accelerating in the country.
South America feed acidifiers market is highly consolidated with few players holding major share in the market. Kemin industries, pancosma, Perstorp Holding AB, Impextraco NV, and Lignotech feed are some of the top players in the region. These players are adopting strategies such as new product launches, mergings, and partnerships to increase their sales and brand image.