Brazil: Animal feed additives market set to increase by US$1.9b
The Brazilian market for animal feed additives was worth US$1.3 billion in 2011 and is expected to reach US$1.9 billion in 2018.
In the overall market by livestock, poultry had a market share of 50.1% in 2011 followed by swine, and then beef.
The 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 industrialisation of meat production is also fuelling 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 US$346.6 million in 2011 which is expected to reach a market worth US$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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