Mexico Poultry Feed Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Layer, Broiler, Turkey, Others), By Raw Materials (Soya, Canola, Rendered Meal), And By Additives (Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers) - Forecasts From 2023 To 2028

The Mexico poultry feed market is predicted to grow at a CAGR of 3.93% from US$7,216.158 million in 2021 to US$9,448.738 million by 2028.

The market for poultry feed in Mexico is being driven by increasing demand for milk and dairy products as well as increased meat consumption. A variety of broiler-type chickens, including small broilers for rotisserie restaurants, birds for processing into poultry pieces, cooked meat, or ready-to-cook items, as well as whole chickens, are produced in Mexico to produce meat. Chicken meat, eggs, and egg products continue to be the most popular and affordable animal protein among Mexican households due to rising local demand, stronger domestic price strength as long-standing tariff-rate-quota quotas fade, and somewhat less variable feed costs.

Further, due to consistent local demand, enhanced layer hen genetics, and advances in egg production technology and management, Mexico continues to be one of the world's greatest customers of eggs and egg-related goods, and its demand will only increase as consumers respond to rising meat prices.

Drivers:

• Increasing production of meat and dairy products

Increasing production of meat and dairy products led to a need for high-quality poultry feed from the livestock industry, which is leading to the growth in the use of poultry feed and feed additives in the nation. Further, due to the rising need for raw resources in the area, this circumstance led to an increase in the demand for inexpensive additives. For a consistent supply of high-quality meat, dairy, and related goods, home mixers and big farm owners use livestock supplements which have increased poultry feed production.

The rise in population is also another factor that leads to an increase in chicken meat consumption. Due to religious and cultural beliefs, most of the Mexican population consumes animal meat. Therefore, as the population of the nation increases, the demand for meat, especially chicken meat, will also continue to grow exponentially. As per the Mexican Meat Association, chicken meat production increased from 3.73 thousand metric tons in 2020 to 3.9 thousand metric tons in 2022, indicating an increasing market demand for poultry feed.

• Increasing imports

Imports are used to boost the domestic production of many processed goods, as well as to maintain a thriving animal feed sector. Continued imports will be necessary to complement domestic production due to the strong and stable demand for the animal feed sector. The main factor driving growth in Mexico's corn imports is an increase in feed consumption, especially from the poultry industry. Proximity to the U.S. has aided Mexico’s imports. Due to geographic closeness, exportable supplies, existing commercial ties, and supply chain operations connecting the U.S. grain and Mexican cattle sectors.

Restraints

• High input costs and inadequate investments

Growing production will be hampered by ongoingly high input costs such as fertilizers and inadequate producer investments in improved seeds and other technology. In Mexico, yields over the past ten years have varied between roughly 3.1 and 4.0 MT per hectare. Although there was a consistent growth trajectory from 2011 to 2019, yields have been stagnant for the past three years at 3.8 MT per hectare as per USDA. The availability of agricultural inputs and cutting-edge on-farm technology continues to have a substantial impact on yields throughout Mexico.

Broiler feed market in Mexico.

By type, the Mexican poultry feed market is divided into the following segments: layer, broiler, turkey, and others. Rising awareness about the high protein content in chickens has led to a growing demand for chicken meat, which is one of the major drivers for the expansion of the broiler segment of the Mexican poultry feed market. Broilers are raised with the sole intention of producing meat, and the broiler farming segment is rapidly expanding due to the increased demand for chicken meat due to its high protein availability at lower costs. Hence, the demand for broiler feed will grow proportionally leading to an increase in the broiler feed market in Mexico.

Corn Feed Market Analysis

According to Mexico’s National Poultry Farmers’ Union (UNA), it is crucial to have competitive access to agricultural products like yellow corn, which is largely genetically modified, to guarantee a timely and adequate supply of eggs and poultry for all Mexicans. Most domestic animal feed is used by the poultry industry, whose feed formulators rely on corn because of its digestibility and rich caloric qualities. Hence according to the prediction by the United States Department of Agriculture (USDA), Mexico will demand about 27.2 MMT of corn to sustain the feed sector for the marketing year (MY) 2023–2024.

Vendor Analysis

Industrias Bachoco, headquartered in Mexico, is considered one of the biggest poultry-producing companies in the world. The company is involved in the business of preparing poultry feed, breeding, and raising chickens, and processing and supplying chicken meat-based products. The company classifies its operating segments into poultry and others. As per their annual reports, the company has witnessed a growth in the revenues of its poultry segment of more than 14% from 2020 to 2021. This can be attributed to the rise in demand for chicken meat and eggs by a growing population.

Mexico Poultry Feed Market Scope:

Segments

• BY TYPE
  • Layer
  • Broiler
  • Turkey
  • Others
• BY RAW MATERIAL
  • Soy
  • Corn
  • Sorghum
  • Others
• BY ADDITIVES
  • Antibiotics
  • Vitamin
  • Antioxidants
  • Amino Acids
  • Feed Enzymes
  • Feed Acidifiers

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

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force 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

4.3.6. Industry Value Chain Analysis

5. MEXICO POULTRY FEED MARKET BY TYPE

5.1. Introduction

5.2. Layer

5.3. Broiler

5.4. Turkey

5.5. Others

6. MEXICO POULTRY FEED MARKET BY RAW MATERIAL

6.1. Introduction

6.2. Soy

6.3. Corn

6.4. Sorghum

6.5. Others

7. MEXICO POULTRY FEED MARKET BY ADDITIVES

7.1. Introduction

7.2. Antibiotics

7.3. Vitamin

7.4. Antioxidants

7.5. Amino Acids

7.6. Feed Enzymes

7.7. Feed Acidifiers

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES

9.1. Alltech

9.2. Cargill

9.3. Kent Nutrition Group

9.4. Land O'Lakes

9.5. General Mills

9.6. Smithfield Foods

9.7. Industrias Bachoco

9.8. J.D. Heiskell & Co

Alltech

Cargill

Kent Nutrition Group

Land O'Lakes

General Mills

Smithfield Foods

Industrias Bachoco

J.D. Heiskell & Co