According to the research 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 poised to progress at a remarkable rate during 2021-2027.

The surging production & consumption of meat, rising inclination towards cleaner food, focus on sustainability poultry & livestock vertical, and the increase in the cases of livestock diseases are the growth stimulants of Latin America animal feed additives industry.

However, the issue of standardization, and a dearth of systematic testing & evaluation of products are likely to impede the development of market in the forthcoming years.

During the COVID-19 pandemic, the meat consumption behavior observed a drastic change given the soaring health & climate consciousness. The increasing preference for fresh & high-quality food post the outbreak is expected to enhance the scope of the market. 

Regarding product type, the natural antioxidants vertical is slated to progress at 5.3% CAGR during the forecast period, whereas the synthetic antioxidant segment is assumed to expand at 4.6% CAGR during the study period. 

Meanwhile, the synthetic red pigment vertical of Latin America animal feed additives industry is foreseen to observe a robust growth at 5.4% during the review period, the natural red segment is expected to register a growth rate of 3.1% during 2021-2027, whereas the synthetic yellow segment is likely to grow at 5.7% CAGR, and the natural yellow pigments segment is estimated to grow at 5.5% CAGR during the analysis period. 

In terms of livestock, the pet vertical is poised to expand at 6.1% CAGR during the stipulated timeframe. Based on cattle livestock, the calf segment is expected to grow at 6.7% CAGR during the review period. Concerning poultry, the layers vertical is estimated to develop at a 5.9% growth rate in the next six years. With respect to aquaculture, the salmon segment is assumed to record 7% CAGR through 2027.

Speaking of the geographical terrain, Paraguay market is estimated to witness a y-o-y growth rate of 6.4% over the analysis period, whereas Chile market is anticipated to observe a notable valuation, expanding at 5.5% CAGR through 2027. 

The companies defining the competitive outlook of Latin America animal feed additives market are BASF SE, Alltech Inc., Dupont Nutrition & Biosciences, Biomin GmbH, Adisseo France S.A.S., Dr. Eckel GmbH, Nutreco NV, Impextraco NV, Kaesler Nutrition GmbH, Orffa GmbH, Andres Pintaluba S.A., Novus International Inc., MIAVIT GmbH, Industrial Tecnica Pecuaria SA, and Lucta Group among others.