According to the recent report titled ‘Latin America Animal Feed Additives Market Size by Livestock (Poultry {Boilers, Layers, Turkey}, Aquaculture {Salmon, Trout, Shrimps}, Pork/Swine, Cattle {Dairy, Beef, Calf}, Pet), By Product (Vitamins {Vitamin A, C, D, E, K, B1, B2, B6, B12, Biotin, Folic Acid, Niacin, Caplan}, Amino Acids {Tryptophan, Lysin, Methionine, Threonine}, Antioxidants {Natural, Synthetic}, Enzymes {Phytase, Non-Starch Polysaccharide}, Sweeteners {Natural[Stevia, Thaumatin], Synthetic[Neotame, Saccharine]}, Flavors {Natural, Synthetic}, Pigments {Synthetic Red, Natural Red, Synthetic Yellow, Natural Yellow}, Probiotics {Lactobacilli, Bacillus, Bifidobacterium, Streptococcus}, Acidifiers {Propionic Acid, Malic Acid, Lactic Acid, Formic Acid}), Regional Outlook, Industry Analysis Report, Price Trend, Competitive Market Share & Forecast, 2021- 2027’ available with MarketStudyReport, Latin America animal feed additives market is estimated to record lucrative growth during 2021-2027.

Mounting sustainable poultry and livestock production, growing demand for fresh and hygienic food, and evolving eating habits due to health and climate standards are the important factors driving the Latin America animal feed additives market growth.

Shifting preferences towards consuming high-quality, fresh, and healthy foods following the COVID-19 pandemic is also adding traction to the overall market size.

In terms of product landscape, the natural antioxidants segment is expected to register a CAGR of 5.3% while the synthetic segment is predicted to witness a 4.6% CAGR over the study analysis timeframe.

Based on livestock, Latin America animal feed additives industry share from the pet segment is expected to witness  a CAGR of 6.1% through the forecast period. The broilers poultry segment is also expected to expand at a CAGR of 5.7% through 2027.

In terms of the regional landscape, the Paraguay market is poised to showcase 6.4% CAGR during the forecast period. Animal feed additives market share in Uruguay and Peru are also predicted to register a CAGR of 5.6% over the analysis period.

The competitive landscape of the Latin America animal feed additives market involves Kemin Industries, Evonik Industries AG, Cargill Inc., Archer Daniel Midland Company (ADM), Koninklijke DSM N.V., BASF SE, Dupont Nutrition & Biosciences, Adisseo, Nutreco N.V., Kaesler Nutrition GmbH, Andres Pintaluba S.A., MIAVIT GmbH, Lucta Group, Industrial Tecnica Pecuaria S.A., Novus International Inc., Orffa Animal Nutrition Pvt Ltd., Impextraco N.V., Dr Eckel GmbH, Biomin GmbH, and Alltech Inc.