Mexico Compound Feed Market

Mexico Compound Feed Market Overview:

The Mexico compound feed market size reached USD 6.82 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 11.04 Billion by 2032, exhibiting a growth rate (CAGR) of 5.20% during 2024-2032. The growing demand for livestock products like meat, milk, and eggs among the masses, increasing shift towards sustainable and specialty feed products, and the rising integration of digital tools and advanced technologies in feed formulations are some of the factors propelling the market growth.

Mexico Compound Feed Market Trends:

Increasing Livestock Production and Consumption

The increasing demand for livestock products, such as meat, milk, and eggs, among the masses is impelling the growth of the market in Mexico. As the population is growing and income levels are increasing, there is a heightened demand for protein-rich foods. According to USDA Agricultural Projections to 2033, the consumption of meat in Mexico is expected to increase in the upcoming decade. The consumption of poultry, pork, and beef is projected to reach 82.5 kilograms per capita in 2033. To meet this growing demand, livestock farmers are intensifying production, which, in turn, is driving the need for high-quality compound feed to ensure the health and productivity of their animals. These feed products are formulated with precise nutritional content to support rapid growth and improve meat quality, thereby meeting demands. Such product launches not only cater to rising consumption but also propel the growth of the compound feed market by providing tailored solutions that optimize livestock production.

Adoption of Sustainable and Specialty Feeds

The shift towards sustainable and specialty feed options is supporting the market growth in Mexico. In response to environmental concerns and the demand for more natural animal products, there has been a substantial increase in the adoption of feeds that are free from antibiotics and synthetic additives. Moreover, the rising use of precision fermentation and locally sourced ingredients in these feeds underscores the market's pivot toward sustainability. This shift is not only reducing the environmental impact of livestock production but also stimulating the market growth as producers respond to evolving consumer and regulatory landscapes. Companies are also focusing on utilizing agricultural and other organic waste to manufacture compound feed sustainably. For instance, in 2024, NextProtein LATAM announced that it would recycle 200,000 tons of organic waste from Mexico City’s Central de Abasto to manufacture animal protein feed.

Technological Advancements in Feed Formulation and Production

Technological advancements in feed formulation and production processes are another crucial factor bolstering the market growth in Mexico. The integration of digital tools and automation in feed production has allowed manufacturers to create more precise, efficient, and cost-effective feed solutions. These advancements allow for real-time adjustments in feed composition, ensuring optimal nutrition and growth outcomes. The introduction of such innovative products underscores the commitment of the industry to leveraging technology for better feed quality and sustainability. As more companies invest in advanced technologies, the compound feed is improving, propelled by the dual goals of enhancing productivity and meeting the rising standards of efficiency and environmental stewardship. In 2024, Pilgrim’s Mexico unveiled its plans for a new hatchery and feed mill to bring operational efficiency and strategic development.

Mexico Compound Feed Market News:

• May 2024: Elanco announced that the FDA completed the review of Bovaer®, which is a unique methane-reducing feed ingredient. It also unveiled agreement with dsm-firmtech to expand the distribution of Bovaer® across North America, including Canada and Mexico markets.
• June 2023: Amlan International, the animal nutrition and health business of Oil-Dri^® Corporation of America announced the completion of its acquisition of the remaining non-controlling interest of Agromex Importaciones, S.A. de C.V. 

Mexico Compound Feed Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on animal type and ingredient.

Animal Type Insights:

• Ruminants
• Poultry
• Swine
• Aquaculture
• Others
   

The report has provided a detailed breakup and analysis of the market based on the animal type. This includes ruminants, poultry, swine, aquaculture, and others.

Ingredient Insights:

• Cereals
• Cakes and Meals
• By-products
• Supplements
   

A detailed breakup and analysis of the market based on the ingredient have also been provided in the report. This includes cereals, cakes and meals, by-products, and supplements.

Regional Insights:

• Northern States
• Central States
• Southern States
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern States, Central States, and Southern States.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Mexico Compound Feed Market Report Coverage:

Key Questions Answered in This Report:

• How has the Mexico compound feed market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Mexico compound feed market?
• What is the breakup of the Mexico compound feed market on the basis of animal type?
• What is the breakup of the Mexico compound feed market on the basis of ingredient?
• What are the various stages in the value chain of the Mexico compound feed market? 
• What are the key driving factors and challenges in the Mexico compound feed?
• What is the structure of the Mexico compound feed market and who are the key players?
• What is the degree of competition in the Mexico compound feed market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Mexico compound feed market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Mexico compound feed market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Mexico compound feed industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.