Argentina's feed market was valued at over USD 4 billion in 2023, reflecting a growing trend toward specialty and functional feeds tailored to specific livestock needs.
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Argentina benefits from a wide range of feed ingredients, thanks to its extensive crop production. Livestock production is a significant driver of the animal feed market in Argentina. The country has a strong tradition and expertise in beef production, and its grass-fed cattle are renowned worldwide. Additionally, Argentina has a growing poultry and pork sector, which contributes to the demand for high-quality animal feed. The Argentina animal feed industry has embraced technological advancements to improve feed production processes, quality control, and efficiency. Automation, digitalization, and precision feeding systems are utilized to optimize feed formulation, enhance nutrient delivery, and streamline production. Furthermore, the animal feed industry in Argentina emphasizes research and development to enhance feed formulations, nutritional value, and production techniques. Collaboration between feed manufacturers, research institutions, and universities drives innovation and supports the growth of the industry. The Argentina animal feed market places great importance on the quality and safety of feed products. Quality control procedures, testing, and certification processes are in place to maintain high standards and meet both domestic and international requirements. Poultry feed by livestock type is highest in demand, driven by the demand for poultry meat products by consumers. The rising population further boosts the demand for poultry meat, but the rising feed prices hamper the market's growth. Since poultry meat is the cheapest form of meat available, consumers' consumption is high. Increased demand for organic feed and industrial livestock production further augments the market's growth. Poultry requires a lot of protein, fats, and calcium, which poultry by-products and fish meals provide.
According to the research report "Argentina Animal Feed Market Overview, 2029," published by Bonafide Research, the Argentina Feed market was valued at more than USD 4 Billion in 2023. There is a growing trend towards specialty and functional feeds that address specific nutritional needs, promote animal health, and optimize performance. These feeds may include probiotics, prebiotics, enzymes, and other additives targeting specific animal species or production stages. Consumer preferences for sustainable and natural products drive the demand for plant-based and organic animal feeds. Feed manufacturers are developing feeds that align with these preferences, using organic ingredients and avoiding genetically modified organisms (GMOs) or synthetic additives. It is expected to grow, but at a very slow pace over the forecast period. Aqua feed farming is increasingly being commercialised with its demands, resulting in an increased demand for feed to raise them. Cattle feed remains with more market share as it is the most demanded meat by consumers. Animal supplements are expected to be in demand over the forecast period as the animals are deprived of vitamins and minerals from the feed they are fed. Also, due to low feed quality and to improve their structural body composition, supplements are fed to animals. The pellet form of animal feed is expected to remain the main form of feed, but the crumbled form is also expected to be in demand during future years. Plant-based sources remain the main source of protein for animal feed as they provide a range of benefits for both the animals as well as feed manufacturers. The high prices of animal feed and their raw materials act as a hindrance as farmers do not want to invest a major chunk of their income in feeds. Demand for animal feed in the country is increasing with greater emphasis on animal health as well as rapid growth in animal farming, which are expected to increase its demands in the future.
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