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Mexico Animal Feed Market Size, Share, Trends, Forecast: By Type: Fodder and Forage, Compound Feed; By Livestock: Pork, Aquatic Animal, Cattle, Poultry, Others; By Raw Material: Soy, Corn, Others; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators of Price; Competitive Landscape; 2024-2032
Mexico Animal Feed Market Size
The Mexico animal feed market is projected to grow at a CAGR of 5.3% between 2024 and 2032. The market is being driven by the growing focus on sustainability and the rising demand for poultry feed.
Mexico Animal Feed Market Outlook
- The USA exports 17 MT of yellow corn to Mexico annually, which significantly boosts its animal feed production.
- Mexico has an installed capacity of producing 43.5 MMT of animal feed annually.
- Poultry feed is expected to remain popular among livestock owners over the forecast period.
Mexico Animal Feed Market Growth
In 2021, Mexico became one of the world’s leading producers of animal feed, with a record of 37.6 MMT of production. Broiler and swine feed constituted a share of 28% and 14% in the overall production, while the share of swine feed reached 24%. Feed production across all categories of livestock recorded a significant role, with commercial feed mills constituting a substantial portion of the market share. Integrated companies are expected to boost their collaboration with technology companies to drive efficiency and sustainability in their animal feed production processes.
Sorghum is expected to emerge as an alternative raw material for Mexico’s animal feed manufacturers as it boosts starch digestibility among animals to 98%. Moreover, the presence of tannins and other phytochemical compounds helps it to have a positive impact on animal health. The increasing imports of sorghum from the United States can help Mexico shift away from the usage of genetically modified corn in animal feed over the forecast period.
Railways represent 64% of the total cross-border export of oilseed and grains between the USA and Mexico. The increasing demand from major stakeholders to ease the cross-border movement of important animal feed ingredients is expected to drive the market development.
Brazilian imports of fish and poultry oil are expected to bolster the demand for animal feed in Mexico.
Mexico Animal Feed Industry Segmentation
Mexico Animal Feed Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Fodder and Forage
- Compound Feed
Market Breakup by Livestock
- Pork
- Aquatic Animal
- Cattle
- Poultry
- Others
Market Breakup by Raw Material
- Soy
- Corn
- Others
Mexico Animal Feed Market Share
Based on type, the market is divided into fodder and forage and compound feed. The optimum nutritional balance and ingredient variety delivered by compound feed are expected to enhance its appeal among livestock owners. Advanced processing technologies that guarantee high-quality animal feeds at cost-effective rates are expected to further drive the market growth in the forecast period.
Leading Companies in the Mexico Animal Feed Market
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.
- Alltech Inc.
- Archer-Daniels-Midland Company
- Cargill, Incorporated
- Nutreco N.V.
- BRF S.A.
- GRUPO NUTEC
- Nutrix
- Others
Major players in the market are investing in research and development (R&D) activities to drive sustainability and efficiency in animal feed production processes.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Livestock |
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| Breakup by Raw Material |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Animal Feed Market Overview
8.1 Key Industry Highlights
8.2 Latin America Animal Feed Historical Market (2018-2023)
8.3 Latin America Animal Feed Market Forecast (2024-2032)
9 Mexico Animal Feed Market Overview
9.1 Key Industry Highlights
9.2 Mexico Animal Feed Historical Market (2018-2023)
9.3 Mexico Animal Feed Market Forecast (2024-2032)
10 Mexico Animal Feed Market by Type
10.1 Fodder and Forage
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Compound Feed
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Mexico Animal Feed Market by Livestock
11.1 Pork
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Aquatic Animal
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Cattle
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Poultry
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Mexico Animal Feed Market by Raw Material
12.1 Soy
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Corn
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Alltech Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Archer-Daniels-Midland Company
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Cargill, Incorporated
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Nutreco N.V.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 BRF S.A.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 GRUPO NUTEC
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Nutrix
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Animal Feed Market: Key Industry Highlights (USD Million), 2018 and 2032
2. Latin America Animal Feed Market: Key Industry Highlights (Million Tons), 2018 and 2032
3. Mexico Animal Feed Market: Key Industry Highlights (USD Million), 2018 and 2032
4. Mexico Animal Feed Market: Key Industry Highlights (Million Tons), 2018 and 2032
5. Mexico Animal Feed Historical Market: Breakup by Type (USD Million), 2018-2023
6. Mexico Animal Feed Market Forecast: Breakup by Type (USD Million), 2024-2032
7. Mexico Animal Feed Historical Market: Breakup by Type (Million Tons), 2018-2023
8. Mexico Animal Feed Market Forecast: Breakup by Type (Million Tons), 2024-2032
9. Mexico Animal Feed Historical Market: Breakup by Livestock (USD Million), 2018-2023
10. Mexico Animal Feed Market Forecast: Breakup by Livestock (USD Million), 2024-2032
11. Mexico Animal Feed Historical Market: Breakup by Livestock (Million Tons), 2018-2023
12. Mexico Animal Feed Market Forecast: Breakup by Livestock (Million Tons), 2024-2032
13. Mexico Animal Feed Historical Market: Breakup by Raw Material (USD Million), 2018-2023
14. Mexico Animal Feed Market Forecast: Breakup by Raw Material (USD Million), 2024-2032
15. Mexico Animal Feed Historical Market: Breakup by Raw Material (Million Tons), 2018-2023
16. Mexico Animal Feed Market Forecast: Breakup by Raw Material (Million Tons), 2024-2032
17. Mexico Animal Feed Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.3% between 2024 and 2032.
The different raw materials used in animal feed include soy and corn, among others.
The major segments based on livestock in the market include pork, aquatic animal, cattle, and poultry, among others.
The different types of feed in the market include fodder and forage and compound feed.
The key market players are Alltech Inc., Archer-Daniels-Midland Company, Cargill, Incorporated, Nutreco N.V., BRF S.A., GRUPO NUTEC, and Nutrix, among others.
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