Mexico Animal Feed Market Overview, 2027

"Mexico has experienced remarkable growth in recent years, driven by factors such as a rising population, increasing consumer demand for animal-based products, and a strong agricultural sector. As one of the largest economies in , Mexico plays a vital role in the regional and global animal feed market. Mexico boasts a diverse range of agroclimatic zones and abundant agricultural resources, enabling the cultivation of a wide array of feed crops. Corn, sorghum, wheat, and soybeans are among the major crops used in animal feed production. The country's favorable climate and fertile soils contribute to the production of high-quality feed ingredients, supporting the growth of the industry. The rising demand, coupled with changing dietary preferences and urbanization, has fueled the need for a reliable supply of animal feed. The animal feed industry plays a crucial role in meeting this demand by providing the necessary nutrition to livestock, poultry, and aquaculture operations. The Mexican animal feed industry has witnessed a trend of consolidation and modernization, with larger companies acquiring smaller feed mills and integrating their operations. This consolidation has led to economies of scale, improved production efficiency, and enhanced distribution networks. Moreover, feed manufacturers have embraced technological advancements to optimize feed formulations, enhance quality control measures, and streamline manufacturing processes. 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. Further, the increased belief of consumers to include more protein in their diet on a regular basis is driving the demand for poultry meat, which correspondingly creates more demand for poultry feed by poultry farms. According to the Overview ""Mexico Animal Feed Market Overview, 2027"" published by Bonafide Research, it is expected to grow, but at a very slow pace over the forecast period. Mexico has a growing population, coupled with increasing urbanization. As more people move to urban areas, the demand for animal-based products, such as meat, dairy, and eggs, continues to rise. This drives the need for a reliable supply of animal feed to support livestock and poultry production. As disposable incomes increase in Mexico, consumer purchasing power expands. This leads to changes in dietary preferences, with a growing demand for higher-quality and diverse animal-based products. The demand for animal feed rises accordingly, as livestock and poultry require optimal nutrition to meet the changing consumer preferences. Aqua feed farming is increasingly being commercialised with its demands, resulting in an increased demand for feed to raise them. On the other hand, 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.

Cereals by ingredient type are rich in starch content and are highly preferred to feed animals. Every grain or cereal varies in its nutritional content and digestive anatomy of the animal. Starch that is completely digested before the end of the small intestine (SI) provides the maximum amount of glucose from the grain to support growth. Barely, corn, oats, and rye are entirely used as animal feed and only small amounts are used for human consumption. These grains and cereals might be fed in whole or compound form, mixed with other bi-products or oils, minerals or vitamins to form a complete meal for animals. The produced cereals are stored after drying to reduce moisture levels and preserve them for the full year. Since some are seasonal grains, they need to be produced for the whole year and stored to meet the demands. Production is highly influenced by particular crop failures, droughts, or climatic conditions. Animal feed Pellets are made from corn, bean pulp, straw, rice husk, and other cereals and grains for different animals. There is a growing emphasis on optimizing animal nutrition in Mexico. Feed pellets provide a controlled and balanced diet; ensuring animals receive the necessary nutrients in the correct proportions. This focus on animal nutrition promotes healthier animals, better growth rates, improved feed conversion ratios, and enhanced overall performance. They have comprehensive nutrition, improve digestibility of feed, decrease picky eaters of animals and are easy to store and transport. The pellets often contain grease as they provide oxidation and hydrolysis. Oxidation helps to convert unsaturated fats into saturated fats when the feed pellets have improper fats as it is easy to hydrolyse. The quality of pellets can be defined by the repeated handling, bagging, transportation, and storage feed lines without much damage or fine particles. However, the pellet quality and efficiency depend on the raw materials used, like corn and soy lack the ability to achieve good pellet quality, while that of wheat increases pellet durability because of high protein content and hemi-cellulose in contrast to corn and soy products. Additionally oats can increase pellet quality if mixed with corn. However, COVID-19 has caused some problems and changes in the feed industry, like many other industries, and the Mexico feed industry is no exception. It had a negative impact due to disruptions in supply chain activities caused by global trade restrictions. A sharp drop in demand for restaurant meals and an increase in demand for grocery store food, combined with certain challenges in reorienting meat supply networks, resulted in a surge in retail meat prices and occasional grocery store stock-outs of specific meat products. Lower demand for cattle and supplies of beef and pork resulted from the drop in demand.

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Manmayi Raval

Research Consultant

Considered in this report: • Geography: Mexico • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Mexico animal feed market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Ingredients in the report: • Cereals • By-Products • Cakes & Meals • Supplements

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By Livestock in the report: • Cattle Feeds • Poultry Feeds • Pig Feeds • Aqua Feeds By Form in the report: • Pellet • Mash • Crumbles • Cubes & Cakes By Source in the report: • Animal based • Plant-based The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Animal Feed Industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. "