The Mexico Animal Feed market will grow at a CAGR of 8.77% from USD 14.472 billion in 2025 to USD 22.038 billion in 2030.
Mexico is one of the leading consumers of dairy products such as eggs and milk in the world, and over the years, the country has witnessed a positive growth in its consumption trends. The country’s cross-border trade collaboration with major economies such as the USA is driving the market’s growth.
Growing corn has provided new growth prospects to animal feed production since it forms a major raw material, according to the USDA’s “Grain and Feed Annual” issued in August 2023. Mexico was one of the major export destinations for South Africa’s white corn.
The United States is expected to remain Mexico’s principal supplier due to logistical advantages coupled with existing business relationship benefits. Though feed consumption is expected to show positive growth, however, factors such as the price volatility of wheat are anticipated to pose a challenge to overall market growth.
Feed constitutes one of the major ingredients in the animal diet as it fulfils basic protein and nutrition requirements, such as minerals, vitamins, and carbohydrates, which ensures efficient growth of animals and boosts their immune system. The demand for nutritious food items, inclusive of animal-based protein products, is expected to show positive growth in Mexico, fueled by the growing healthy lifestyle and rigorous diet adoption, which has positively impacted the overall production of animal products.
For instance, according to the USDA’s “Livestock and Products Annual”, Mexico’s cattle production at the beginning of MY2023 stood at 8.5 million heads, which represented a 2.4% increase over cattle production at the beginning of 2022. Moreover, the same source stated that for 2024, the production is expected to experience 2% growth.
Based on livestock, the Mexican animal feed market is divided into aquatic animals, cattle, poultry, and others. Cattle is expected to constitute a significant share of the market, fueled by the booming beef consumption in the country. For instance, according to USDA’s data, at the beginning of 2023, the total domestic beef consumption in Mexico stood at 2.02 million metric tons, which signified a 3.5% increase over the consumption scale recorded at the beginning of 2022.
Poultry is anticipated to show the fastest growth, fueled by favorable investments to bolster chicken meat and other products such as egg production in Mexico.
Mexico Animal Feed Market Segmentation: