Brazilian market for animal feed additives worth $1.33B in 2011, expected to reach value of US$1.94B in 2018, growing at CAGR of 5.6% from 2013-2018, according to new report
ALBANY, New York
October 1, 2012
– According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Brazilian Animal Feed Additives Market - Industry Analysis, Market Size, Share, Growth and Forecast, 2011 - 2018", the Brazil market for animal feed additives was worth USD 1,334.8 million in 2011 and is expected to reach USD 1,941.6 million in 2018, growing at a CAGR of 5.6% from 2013 to 2018. In the overall market by livestock, poultry had a market share of 50.1% in 2011 followed by swine, and beef.
The Brazil market for animal feed additives is driven by rise of meat consumption in the country and the growing awareness regarding meat quality and dairy products. In 2011, Brazilian per capita meat consumption was 88.7 kg/year and is expected to increase up to 100.3 kg/year with an expected CAGR of 1.7% for the period of 2013 to 2018. The industrialization of meat production is also fueling the demand for animal feed additives in the country. Brazilian population is expected to reach more than 218 million by 2025 as compared to 196 million in 2011. Growing life expectancy and scarce availability of land and water resources for animal feed production and growing use of these resources for food and ethanol production is raising demand for animal feed additives in the Brazilian meat industry.
In the Brazilian animal feed additives market by livestock, market for swine was estimated to be close to USD 346.6 million in 2011 which is expected to reach a market worth USD 500.2 million in 2018, growing at a CAGR of 5.5% from 2013 to 2018.
In the Brazilian animal feed additives market by product types, amino acid with 30.1% of the market share in 2011 emerged as the biggest product segment for animal feed additives, followed by vitamins and feed acidifiers. Antibiotics as a product type for the Brazilian feed additives market is expected to grow at a CAGR of 4.1% from 2013 to 2018.
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This research is specially designed to estimate and analyze the demand and performance of animal feed additives in Brazilian scenario. This research provides in-depth analysis of animal feed additives manufacturers, trend analysis by segments and demand by livestock. The report covers all the major segments of the animal feed additives market in Brazil and provides in-depth analysis, historical data and statistically refined forecast for the segments covered. The study presents a comprehensive assessment of the stakeholder strategies and winning imperatives for them by segmenting the Brazil market for animal feed additives as below:
Animal Feed Additives Market by Livestock:
Animal Feed Additives Market by Product Types:
-Others (Trace minerals, NPN and so on)
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