The compound feed market share in Mexico will post an incremental growth of USD 1.60 billion, progressing at a CAGR of 4.14% during the forecast period. The expanding beef industry and exports are the major market drivers which will offer immense growth opportunities to market vendors. The compound feed market in Mexico is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Compound Feed Market in Mexico by Product - Forecast and Analysis 2022-2026” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The compound feed market in Mexico is segmented by product (poultry feed, cattle and buffaloes, swine, and others).
The growth of the compound feed market size 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 owing to the increased domestic demand.
The expanding beef industry and exports will directly influence the sales of compound feed in Mexico. In addition, the increasing consumption of pork is one of the major compound feed market trends in Mexico that will positively impact the market growth. However, factors such as the development of clean meat products will hamper the compound feed market growth in Mexico.
The market is fragmented due to the presence of several players. Some of the major compound feed market vendors in Mexico are 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.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2022-2026
CAGR of the compound feed market in Mexico forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the compound feed market share in Mexico.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the compound feed market in Mexico.
Compound feed industry growth across Mexico.
