South & Central America Corn and Wheat-Based Feed Market Forecast to 2030 - Regional Analysis - by Product Type [Corn-Based (Corn Gluten Meal, Corn Gluten Feed, and Other Corn-Based Feed) and Wheat-Based (Wheat Gluten, Wheat Bran, and Other Wheat-Based Fe

South & Central America Corn and Wheat-Based Feed Market Forecast to 2030 - Regional Analysis - by Product Type [Corn-Based (Corn Gluten Meal, Corn Gluten Feed, and Other Corn-Based Feed) and Wheat-Based (Wheat Gluten, Wheat Bran, and Other Wheat-Based Feed)] and Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others)

The South & Central America corn and wheat-based feed market was valued at US$ 21,186.18 million in 2022 and is expected to reach US$ 31,484.85 million by 2030; it is estimated to register a CAGR of 5.1% from 2022 to 2030.

Rising Preference for Organic Feed Fuels South & Central America Corn and Wheat-Based Feed Market

Animals who consume organic food offer meat that has high nutritional value. Organic milk and meat are rich in nutrients such as enzymes, bioflavonoids, and antioxidants. Hence, health-conscious consumers prefer organic food and organic meat over conventional food as it does not contain pesticides. Due to the growing demand for organic meat and dairy products, livestock farms, the poultry sector, and animal husbandry have focused on purchasing high-quality organic corn and wheat-based feed to supply organic meat to consumers.

Conventional feed often contains high amounts of chemicals that hamper meat quality when consumed by animals. Long-term consumption of such meat results in various health disorders. To overcome this issue, manufacturers are investing heavily in corn and wheat-based feed products produced with organic constituents. Also, they are developing organic products that contain no chemical additives. Owing to all these factors, the rising preference for organic feed is expected to become a significant trend in the South & Central America corn and wheat-based feed market during the forecast period.

South & Central America Corn and Wheat-Based Feed Market Overview

The country's booming poultry and pork industries drive the demand for corn and wheat-based feed in Brazil. With abundant land and favorable climatic conditions, Brazil has become a significant player in global meat production, particularly for poultry and pork products. Brazil is the fourth largest producer of pork in the world, supplying 4.4m tons of high-quality meat (2020), a fifth of which is exported to 70 countries. Also, Brazil is the second-largest chicken meat producer in the world after the United States. As the country continues to expand its meat exports and meet the growing demand for protein-rich food in domestic and international markets, the demand for corn and wheat-based feed will most likely surge.

South & Central America Corn and Wheat-Based Feed Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Corn and Wheat-Based Feed Market Segmentation

The South & Central America corn and wheat-based feed market is categorized into product type, livestock, and country.

Based on product type, the South & Central America corn and wheat-based feed market is bifurcated corn-based and wheat-based. The corn-based segment held a larger market share in 2022. The corn-based segment is further sub segmented into corn gluten meal, corn gluten feed, and other corn-based feed. The wheat-based segment is further sub segmented into wheat gluten, wheat bran, and other wheat-based feed.

In terms of livestock, the South & Central America corn and wheat-based feed market is categorized into poultry, ruminants, swine, aquaculture, and others. The poultry segment held the largest market share in 2022.

By country, the South & Central America corn and wheat-based feed market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America corn and wheat-based feed market share in 2022.

Agrana Beteiligungs AG, Archer Daniels Midland Company, Associated British Foods Plc, BENEO GmbH, International Nutritionals Ltd, and Roquette Freres SA are some the leading companies operating in the South & Central America corn and wheat-based feed market.

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