South America Feed Amino Acids Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

South America Feed Amino Acids Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

South America feed amino acid market is projected to register a CAGR of 2.7% over the forecast period (2020-2025). Amino acids are an important additive to enhance the quality and productivity of animal products and consequently for the growing meat industry, which is driven by the increasing demand for animal-derived protein, increasing awareness among people toward safety and quality of meat, and recent disease outbreaks in livestock. Certain naturally occurring amino acids are limited in growing animals and since they are indispensable for life processes, growers depend on external sources. Amino acids have been used in animal feeds for many decades now because of their contribution to animal growth. Leading companies have been investing in R&D for new innovations, breakthroughs, better cost management, and production techniques for effective feed to meat conversion in the amino acid markets of the region.

Key Market TrendsIncreasing Production & Demand of Animal Meat

Production of meat has been increasing in keeping with the high demand for animal protein in the region. Considerable growth in the industrial production of livestock was witnessed in the region in order to meet the increased demand for meat. The food habits and eating patterns have shifted from cereal and vegetable-based to more meat protein-based currently. Amino acids in animal feeds are vital and are used extensively across the region. Also, with progress in biotechnology, the cost of production of each amino acid has been significantly reduced, which has been one of the key factors in the expansion of the use of amino acids in animal feed. Thus, this increasing popularity towards animal protein in South America is likely to drive the market of feed amino acids during the forecast period.

Brazil Dominates the Market

Brazil dominates the feed amino acids market in South America. The feed segment in Brazil is the third largest feed sector in the world. This is mainly attributed to the high production of raw materials in the country coupled with the enhancing consumption of meat within the country. ​The feed amino acid market in Brazil has faced few challenges in 2018 such as increasing food costs, higher grain prices and agricultural resources, which are initiated by the United States and China. However, the domestic consumption of feed in Brazil is very high as it is a hub for the meat production globally. Hence, this high meat productivity is likely to drive the market during the forecast period.

Competitive Landscape

The South America Feed Amino acids market is a significantly concentrated market with few major players dominating the region. Most of the companies are accentuating their expansion into branded consumer products sold in supermarkets and company-operated specialty shops. Some of the major players are Bluestar Adisseo, Archer Daniels Midland Company, Evonik Industries, and Sumitomo Chemical Company Limited, among others. Other players are focusing on strengthening and maintaining product quality, services, and investing in product lifecycle development.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.