Compound Feed Market in Mexico by Product - Forecast and Analysis 2022-2026

The compound feed market share in Mexico is expected to increase by USD 1.60 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.14%.

This compound feed market in Mexico research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers compound feed market segmentation in Mexico by product (poultry feed, cattle and buffaloes, swine, and others). The compound feed market in Mexico report also offers information on several market vendors, including Alltech Inc., Archer Daniels Midland Co., BASF SE, Cargill Inc., Charoen Pokphand Foods PCL, De Heus Voeders BV, Evonik Industries AG, Feed One Co. Ltd., George Weston Foods Ltd., Guangdong Haid Group Co. Ltd., International Flavors and Fragrances Inc, Kent Corp., Koninklijke DSM NV, Land O Lakes Inc., Mitsui and Co. Ltd., New Hope Group Co. Ltd., Novozymes AS, Nutreco NV, Sojitz Corp., and United Animal Health Inc. among others.

What will the Compound Feed Market Size in Mexico be During the Forecast Period?

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Compound Feed Market in Mexico: Key Drivers, Trends, and Challenges

The expanding beef industry and exports are notably driving the compound feed market growth in Mexico, although factors such as the development of clean meat products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the compound feed industry in Mexico. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Compound Feed Market Driver in Mexico

Expanding the beef industry and exports is one of the major drivers impacting the compound feed market in Mexico growth. Much of Mexico's beef export growth is due to Sukarno, which is Mexico's largest cattle feed and beef processing company.SuKarne ranks as the fifth or sixth largest beef packing company in North America. Sukarno announced in March 2022 that a new feedlot and packaging complex in Trawarillo, Durango, will begin operations by the end of 2022. This massive facility has a capacity of nearly 300,000 heads and is capable of processing over 800,000 farmed cattle cows annually. Most of the products of the new factory are exported. The facility represents a significant increase in demand for cattle across much of Mexico and requires large amounts of feed grain, such as compound feed, for the cattle. The significant and rapid expansion of government-supervised slaughter and the widespread adoption of packaged beef technology have expanded domestic and international market opportunities for the beef industry in Mexico. Thus, the growing demand for beef meat for consumption and export will drive the demand for compound feed in Mexico and, in turn, will boost the growth of the market focus during the forecast period.

Key Compound Feed Market Trend in Mexico

Increasing consumption of pork is one of the major trends influencing the compound feed market in Mexico growth. Retail consumer demand for pork continues to drive pork production in Mexico. Demand for pork cuts and pork-based products continues to increase due to a shift in retail consumer trends toward more affordable animal protein. Consumer buying habits in Mexico are changing, requiring pork processors to offer a wider range of choices. The domestic industry is reporting increased demand for quicker and easier meals from individual households, making pre-portioned cuts more appropriate. Driven by pressure to improve the convenience of food delivery, diversity, convenience, taste, and choice are trends among the expanding urban middle class. All these factors will increase the demand for pork, especially in the urban population of Mexico, which, in turn, will drive the demand for compound feed for swine because the compound feed will help in the maintenance, growth, and reproduction of swine. Thus, all these factors will boost the growth of the compound feed market in Mexico in Mexico during the forecast period.

Key Compound Feed Market Challenge in Mexico

The development of clean meat products is one of the major trends influencing the compound feed market in Mexico growth. The increasing demand for clean meat products among consumers is one of the factors that can negatively impact the growth of the compound feed market in Mexico in Mexico during the forecast period. Clean meat products are developed in labs using cell technologies; hence, the development process does not involve animal slaughter. This factor will negatively affect the sales of compound feed products during the forecast period. The number of players offering clean meat products is increasing globally. In January 2021, New Wave Foods announced the official launch of its plant-based shrimp product. Thus, initiatives taken by vendors for developing clean meat products can hamper the growth of the compound feed market in Mexico in Mexico during the forecast period.

This compound feed market in Mexico analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the compound feed market in Mexico in Mexico as a part of the global packaged foods and meats products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the compound feed market in Mexico during the forecast period.

Who are the Major Compound Feed Market Vendors in Mexico?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Alltech Inc.
• Archer Daniels Midland Co.
• BASF SE
• Cargill Inc.
• Charoen Pokphand Foods PCL
• De Heus Voeders BV
• Evonik Industries AG
• Feed One Co. Ltd.
• George Weston Foods Ltd.
• Guangdong Haid Group Co. Ltd.
• International Flavors and Fragrances Inc
• Kent Corp.
• Koninklijke DSM NV
• Land O Lakes Inc.
• Mitsui and Co. Ltd.
• New Hope Group Co. Ltd.
• Novozymes AS
• Nutreco NV
• Sojitz Corp.
• United Animal Health Inc.

 

This statistical study of the compound feed market in Mexico encompasses successful business strategies deployed by the key vendors. The compound feed market in Mexico is fragmented and the vendors are deploying growth strategies such as price, quality, innovation, reputation, and distribution to compete in the market.

Product Insights and News

• alltech.com - The company offers compound feed for dairy cows, beef cattle, poultry, pig, and equine.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The compound feed market in Mexico forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Compound Feed Market in Mexico Value Chain Analysis

Our report provides extensive information on the value chain analysis for the compound feed market in Mexico, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating Product Segments in the Compound Feed Market in Mexico?

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The compound feed market share growth in Mexico in the poultry feed segment will be significant during the forecast period. Chicken production in 2022 is expected to grow to 875,000 tonnes, up 1.7% from 2021. This is due to increased domestic demand, increased domestic pricing power due to years of phasing out tariff quotas, and relatively stable feed costs. It is expected that chicken consumption will reach 4,767 metric million tonnes (MMT) by the end of 2022, an increase of 2% from 2021. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the compound feed market size in Mexico and actionable market insights on post COVID-19 impact on each segment.

 

Compound Feed Market Scope in Mexico
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.14%
Market growth 2022-2026	$ 1.60 billion
Market structure	Fragmented
YoY growth (%)	3.89
Regional analysis	Mexico
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Alltech Inc., Archer Daniels Midland Co., BASF SE, Cargill Inc., Charoen Pokphand Foods PCL, De Heus Voeders BV, Evonik Industries AG, Feed One Co. Ltd., George Weston Foods Ltd., Guangdong Haid Group Co. Ltd., International Flavors and Fragrances Inc, Kent Corp., Koninklijke DSM NV, Land O Lakes Inc., Mitsui and Co. Ltd., New Hope Group Co. Ltd., Novozymes AS, Nutreco NV, Sojitz Corp., and United Animal Health Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Compound Feed Market in Mexico Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive compound feed market growth in Mexico during the next five years
• Precise estimation of the compound feed market size in Mexico and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the compound feed industry across Mexico
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of compound feed market vendors in Mexico

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