Mexico Animal Feed Market Size, Share, Opportunities, And Trends, By Type (Fodder, Forage, Compound Feed), By Livestock (Aquatic Animals, Cattle, Poultry, Others), By Form (Liquid, Dry), By Production Systems (Integrated, Commercial Mills), By Raw Material (Soya, Corn, Rendered Meal, Others) - Forecasts From 2024 To 2029

Mexico's animal feed market is anticipated to grow at a CAGR of 6.19% and will reach a valuation of US$20.511 billion in 2029 from US$13.470 billion in 2022.

Mexico is one of the leading consumers of dairy products such as eggs and milk in the world and over the years the country is witnessing a positive growth in its consumption trends. The country’s cross-border trade collaboration with major economies such as the USA is majorly 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.

Market Drivers

• Growing livestock production & meat consumption drive the 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 inefficient growth of animals and boosts their immune system. The demand for nutrition 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.

• Cattle are expected to account for a considerable market share.

Based on livestock, the Mexico 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 the favorable investments to bolster chicken meat and other products such as egg production in Mexico.

Key Developments

• In May 2023: Amlan International completed the acquisition of Agromex Importaciones, S.A. de C.V which is one of the leading players in Mexico’s animal health sector. The acquisition further strengthened Amlan’s position in the Mexican market with the availability of its feed additives namely “NeoPrime” and “Varium”.
• In June 2022: Buhler Group formed a joint venture with IMDHER S.A. de C.V. called “IMDHER Bühler” which aimed to drive efficiency, quality, and sustainability in Mexico’s animal feed sector, by integrating both the company's technical expertise in feed solutions thereby providing a comprehensive offerings to the animal farmers in the country.

Segmentation:

• By Type
  • Fodder
  • Forage
  • Compound Feed
• By Livestock
  • Aquatic Animal
  • Cattle
  • Poultry
  • Others
• By Form
  • Liquid
  • Dry
• By Production System
  • Integrated
  • Commercial Mills
• By Raw Materials
  • Soya
  • Corn
  • Rendered Meal
  • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits to the stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. MEXICO ANIMAL FEED MARKET BY TYPE

5.1. Introduction

5.2. Fodder

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.3. Forage

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.4. Compound Feed

5.4.1. Market Trends and Opportunities

5.4.2. Growth Prospects

6. MEXICO ANIMAL FEED MARKET BY LIVESTOCK

6.1. Introduction

6.2. Aquatic Animal

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.3. Cattle

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.4. Poultry

6.4.1. Market Trends and Opportunities

6.4.2. Growth Prospects

6.5. Others

6.5.1. Market Trends and Opportunities

6.5.2. Growth Prospects

7. MEXICO ANIMAL FEED MARKET BY FORM

7.1. Introduction

7.2. Liquid

7.2.1. Market Trends and Opportunities

7.2.2. Growth Prospects

7.3. Dry

7.3.1. Market Trends and Opportunities

7.3.2. Growth Prospects

8. MEXICO ANIMAL FEED MARKET BY PRODUCTION SYSTEM

8.1. Introduction

8.2. Integrated

8.2.1. Market Trends and Opportunities

8.2.2. Growth Prospects

8.3. Commercial Mills

8.3.1. Market Trends and Opportunities

8.3.2. Growth Prospects

9. MEXICO ANIMAL FEED MARKET BY RAW MATERIAL

9.1. Introduction

9.2. Soya

9.2.1. Market Trends and Opportunities

9.2.2. Growth Prospects

9.3. Corn

9.3.1. Market Trends and Opportunities

9.3.2. Growth Prospects

9.4. Rendered Meal

9.4.1. Market Trends and Opportunities

9.4.2. Growth Prospects

9.5. Others

9.5.1. Market Trends and Opportunities

9.5.2. Growth Prospects

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. Alltech

11.2. Cargill, Incorporated

11.3. Purina Animal Nutrition (Land O’Lakes)

11.4. Archer Daniels Midland

11.5. BASF SE

11.6. Kent Nutrition Group

11.7. Kemin Industries, Inc.

11.8. DSM

11.9. NOVUS INTERNATIONAL

Alltech 

Cargill Incorporated

Purina Animal Nutrition (Land O’Lakes)

Archer Daniels Midland

BASF SE

Kent Nutrition Group

Kemin Industries, Inc.

DSM

NOVUS INTERNATIONAL