Global and Regional Brazilian Animal Feed Additives Market Sales and Consumption

Posted by PRIYANKA KULKARNI on March 25th, 2020

A new market study based on the Brazilian animal feed additives market, published by Transparency Market Research (TMR), provides a cross-sectional assessment of the various segments of the market for animal feed additives in Brazil. It also discusses the present as well as historical performances and future prospects of this industry.The report, titled “Brazilian Animal Feed Additives Market – Industry Analysis, Market Size, Share, Growth and Forecast 2011 – 2018”, begins by defining the Brazilian animal feed additives market and estimating the size of the market by livestock during the period of 2011 to 2018.

Animal feed additives are substances that are added to animal food in order to enhance its nutritive value. These additives do not have a natural origin. Various utilities of these additives, such as controlling contagious diseases and encouraging the physical development of the animals, are helping animal feed additives gain importance among animal husbandry and veterinary professionals. This research study is an effort to determine factors that will drive the market for animal feed additives in Brazil and its subcategories during the forecast period. It is specially designed for estimating the demand and evaluating the performance of animal feed additives in the Brazilian market. The research offers a comparative analysis of sales percentages of the various animal feed and feed additives products. It also presents a trend analysis on the basis of segments, the demand for them, and the market penetration achieved by each.

In the emerging economy of Brazil, the per capita income is increasing rapidly. People are becoming more open to spend more on food items containing meat and dairy products, which were previously considered as luxury products. The rise in meat consumption is the main factor driving the Brazilian animal feed additives industry. As the consumption increases, the concern for the outbreak of diseases in animals is also increasing, which is another factor propelling the demand for animal feed additives.Despite the presence and strong impact of these driving factors, the Brazilian animal feed additives industry is showing growth at a slower pace than could be expected. The uncertainty faced by the Brazilian feed industry is the key restraint limiting the Brazilian animal feed additives industry. Apart from this, the continuous rise in the cost of raw material is also hampering market growth to a great extent.

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The report analyses the animal feed additives market in Brazil on the basis of products as well as the end-use livestock with historical data and predictions. Based on product type, vitamins, antibiotics, amino acids, antioxidants, feed acidifiers, feed enzymes, and others such as NPN and trace minerals are the various segments of the Brazilian animal feed additives industry, while, beef, poultry, swine, and aquaculture are the major segments according to the livestock.

The company profiles of key participants in the market for animal feed additives in Brazil such as Novozymes, Evonik, Danisco, BASF, and DSM are reviewed in this research report to understand their contributions in a better way.