Brazil Animal Feed Market Outlook

The animal feed market outlook for brazil in 2018 to 2032 is positive. this is largely due to brazil’s role as one of the world's largest agribusiness producers. the animal feed market is driven by strong demand for proteins from animal-based products, such as beef, pork, and poultry. as of 2018, brazil produced the second-largest amount of animal feed in the world. as of 2018, brazil’s animal feed market was valued at an estimated usd 28.58 billion. the market is expected to grow at a compound annual growth rate (cagr) of 8.3% from 2018 to 2032, driven by an increase in both domestic and export demand. this will be due to a combination of factors, such as population and income growth, increased per capita consumption of animal-based proteins, and continued government support for the industry. in addition to the growing demand for animal-based proteins, brazil’s animal feed market is also aided by the presence of several large, multinational companies and local companies. these companies provide a variety of feed options, as well as technology and research services. this infrastructure supports quality production and help sustain consumer demand. the future outlook for the animal feed market in brazil looks promising. in addition to the factors mentioned above, the continued development of feed ingredients, such as fish meal, soybean meal, and corn gluten meal, will serve to further boost growth in the sector. this, in turn, will help drive up the value of the brazilian animal feed market from usd 28.58 billion in 2018 to an estimated usd 46.53 billion by 2032. overall, the brazilian animal feed market is likely to experience healthy growth in the years ahead. this is due to the country’s strong agricultural sector, increased per capita consumption of animal-based proteins, and continued government support for the industry. in addition, the presence of large, multinational companies and local companies will help ensure quality production and stable demand for animal feed.