남미의 배합사료 : 시장 점유율 분석, 산업 동향·통계 데이터, 성장 예측(2026-2031년)

According to Mordor Intelligence, South America compound feed market size in 2026 is estimated at USD 71.59 billion, growing from 2025 value of USD 68.1 billion with 2031 projections showing USD 91.87 billion, growing at 5.12% CAGR over 2026-2031.

This report Segments the Industry Into Animal Type (Ruminants, Poultry, Swine, Aquaculture, Other Animal Types), Ingredient (Cereals, Cakes & Meals, By-Products, Supplements), and Geography (Brazil, Argentina, Rest of South America).

South America Compound Feed Market Trends and Insights

Rising Livestock Production and Export Demand

Brazil exported 4.9 million metric tons of chicken meat in 2024, solidifying its position as the world's leading exporter and creating a structural demand for high-performance broiler feed . This export intensity compels integrators to optimize feed conversion ratios below 1.60, a threshold that necessitates the precise formulation of amino acids and enzymes. Argentina's pork shipments to China rebounded in 2024 after disruptions from African swine fever eased, prompting local millers to expand their swine-feed lines with synthetic lysine and threonine blends. The feedback loop between export competitiveness and feed quality means that any disruption in ingredient supply or formulation consistency immediately erodes margin at the farm gate. Cattle ranching in Brazil's Center-West continues to intensify, with feedlot finishing now accounting for over 30% of the slaughter volume. This shift replaces pasture grazing with concentrated rations, driving demand for high-energy pellets.

Adoption of Nutritional and Specialty Feed Additives

Enzyme inclusion rates in poultry feed exceeded 85% penetration in Brazil's southern states in 2024, reflecting a strategic shift toward phytase and xylanase combinations that unlock phosphorus and energy from plant-based ingredients. This trend reduces reliance on inorganic phosphate supplements, which are subject to price volatility tied to global fertilizer markets. Probiotic strains, such as Bacillus subtilis and Lactobacillus acidophilus, gained traction in swine rations after field trials demonstrated improved gut health and reduced mortality in weanling pigs. The regulatory pathway for novel additives in Brazil follows Ministry of Agriculture guidelines that require efficacy data from local trials, a barrier that favors multinational ingredient suppliers with established research infrastructure.

Volatility in Commodity and Feed Ingredient Prices

Corn futures on the Chicago Board of Trade traded in a USD 4.20 to USD 5.80 per bushel range during 2024, a 38% swing that forced feed millers to adjust formulations weekly to maintain target margins. Soybean meal prices in Brazil's domestic market surged to BRL 2,400 per metric ton (USD 480 per metric ton) in mid-2024, following a drought in Rio Grande do Sul that reduced crushing volumes by 18%. This price volatility compresses feed margins because livestock contracts are often locked in months ahead of delivery, leaving millers exposed to input-cost inflation without a corresponding revenue adjustment. The financial strain is most acute for commercial mills serving independent farmers, as these customers lack the balance-sheet flexibility to absorb sudden feed-price increases and may delay orders or switch to lower-cost rations that compromise animal performance. Integrated producers partially mitigate this risk by hedging their grain purchases through futures contracts, but this strategy requires treasury expertise and capital reserves that smaller players often cannot afford.

Other drivers and restraints analyzed in the detailed report include:

1. Government Programs That Incentivize Animal Protein Supply Chains
2. Expansion of Integrated Feed Milling Capacity
3. Stringent Environmental and Land-Use Regulations

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Poultry feed captured 42.55% of South America's 2025 compound feed market, a dominance rooted in Brazil's broiler export machine and Argentina's resurgence in egg production. Broiler integrators demand feed-conversion ratios below 1.60, a target that requires precision balancing of metabolizable energy and digestible amino acids, pushing millers to adopt near-infrared spectroscopy for real-time ingredient analysis. The poultry segment's maturity means growth will come from incremental efficiency gains rather than volume expansion, a dynamic that favors ingredient suppliers offering novel enzymes or gut-health additives over commodity grain traders. Swine feed benefits from Argentina's renewed pork exports to China, with formulations shifting toward synthetic lysine and low-crude-protein diets that reduce nitrogen excretion and comply with emerging environmental standards.

Aquaculture feed is expected to expand at a 7.42% CAGR through 2031, driven by the fastest growth among animal types, as tilapia cage farming scales up in Brazil's reservoirs and shrimp production intensifies in Ecuador's coastal provinces. The aquaculture segment's outperformance reflects a structural arbitrage: fish convert feed into body mass more efficiently than terrestrial livestock, with tilapia achieving feed-conversion ratios of nearly 1.20 compared to 1.60 for broilers and 2.80 for cattle. This efficiency advantage positions aquaculture as a lower-cost protein source, particularly in regions where water resources are abundant and support intensive production. Regulatory frameworks are catching up, with Brazil's Ministry of Fisheries issuing new guidelines in 2024 for aquafeed labeling that mandate disclosure of fishmeal and fish-oil content, a transparency measure aimed at addressing sustainability concerns .

Complete Report Scope:

• By Animal Type
  • Ruminants
  • Poultry
  • Swine
  • Aquaculture
  • Other Animal Types
• By Ingredient
  • Cereals
  • Cakes and Meals
  • By-products
  • Supplements
    • Vitamins
    • Amino Acids
    • Enzymes
    • Prebiotics and Probiotics
    • Acidifiers
    • Other Supplements
  • By Geography
    • Brazil
    • Argentina
    • Rest of South America

List of Companies Covered in this Report:

1. Cargill, Incorporated
2. ADM
3. JBS S.A.
4. BRF S.A
5. Alltech, Inc.
6. Kemin Industries, Inc.
7. Nutreco N.V.
8. Royal De Heus Group B.V.
9. Evonik Industries AG
10. Phibro Animal Health Corporation
11. Adisseo France S.A.S.
12. Vitapro S.A
13. Italcol S.A.
14. Aurora Alimentos Cooperativa Central
15. DSM-Firmenich AG

Additional Benefits:

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

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Rising livestock production and export demand
  • 4.2.2 Adoption of nutritional and specialty feed additives
  • 4.2.3 Government programs that incentivize animal protein supply chains
  • 4.2.4 Expansion of integrated feed milling capacity
  • 4.2.5 Aquaculture boom in Amazon basin and coastal fisheries
  • 4.2.6 Carbon-credit linked sustainable feed initiatives
• 4.3 Market Restraints
  • 4.3.1 Volatility in commodity and feed ingredient prices
  • 4.3.2 Stringent environmental and land-use regulations
  • 4.3.3 Logistics bottlenecks and port congestion
  • 4.3.4 Consumer shift toward plant-based protein
• 4.4 Regulatory Landscape
• 4.5 Technological Outlook
• 4.6 Porter's Five Forces Analysis
  • 4.6.1 Bargaining Power of Suppliers
  • 4.6.2 Bargaining Power of Buyers
  • 4.6.3 Threat of New Entrants
  • 4.6.4 Threat of Substitutes
  • 4.6.5 Intensity of Competitive Rivalry

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

• 5.1 By Animal Type
  • 5.1.1 Ruminants
  • 5.1.2 Poultry
  • 5.1.3 Swine
  • 5.1.4 Aquaculture
  • 5.1.5 Other Animal Types
• 5.2 By Ingredient
  • 5.2.1 Cereals
  • 5.2.2 Cakes and Meals
  • 5.2.3 By-products
  • 5.2.4 Supplements
    • 5.2.4.1 Vitamins
    • 5.2.4.2 Amino Acids
    • 5.2.4.3 Enzymes
    • 5.2.4.4 Prebiotics and Probiotics
    • 5.2.4.5 Acidifiers
    • 5.2.4.6 Other Supplements
  • 5.2.5 By Geography
    • 5.2.5.1 Brazil
    • 5.2.5.2 Argentina
    • 5.2.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE

• 6.1 Strategic Moves
• 6.2 Market Share Analysis
• 6.3 Company Profiles (Includes Global level Overview, Market level Overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
  • 6.3.1 Cargill, Incorporated
  • 6.3.2 ADM
  • 6.3.3 JBS S.A.
  • 6.3.4 BRF S.A
  • 6.3.5 Alltech, Inc.
  • 6.3.6 Kemin Industries, Inc.
  • 6.3.7 Nutreco N.V.
  • 6.3.8 Royal De Heus Group B.V.
  • 6.3.9 Evonik Industries AG
  • 6.3.10 Phibro Animal Health Corporation
  • 6.3.11 Adisseo France S.A.S.
  • 6.3.12 Vitapro S.A
  • 6.3.13 Italcol S.A.
  • 6.3.14 Aurora Alimentos Cooperativa Central
  • 6.3.15 DSM-Firmenich AG

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK