MEXICO ANIMAL FEED MARKET

Mexico Animal Feed Market is projected to grow at steady CAGR during the forecast year to the rising poultry industry in Mexico, the growing consumer income, and the increasing meat consumption in the nation.

Major Mexico Animal Feed Market Drivers and Emerging Trends

Mexico stands out internationally for its substantial consumption of dairy essentials like milk and eggs, reflecting a consistent increase in consumption over the years, with collaborative cross-border trade with major economies like the USA becomes a significant driver of the country’s market growth. According to the USDA’s report, the cultivation of corn has opened up new opportunities for the production of animal feed as it serves a crucial raw material, and as Mexico emerged as a significant export market for white corn from South Africa. Furthermore, the decrease in wheat consumption for feeding purposes is anticipated to persist, driven by its higher cost in comparison to alternative options like corn. The rise in corn consumption for feed can also be largely attributed to shifts in dietary habits and rising income levels, leading to higher spending on animal proteins among the population.

The Mexico animal feed market is divided into various segments based on livestock including poultry, cattle, aquatic animals, and other categories. The market share of cattle segment is expected to expand significantly due to the increasing demand for beef in Mexico, while poultry is expected to experience rapid growth driven by favorable investments aimed at strengthening chicken meat and egg production in Mexico. Additionally, the rising consumption of chicken meat and eggs is also attributed to their affordability in a market that is increasingly sensitive to price while also there is a growing perception of these protein sources as viable and healthy substitutes for pork and beef.

 The other factors supporting the growth of Mexico animal feed market is the shifting lifestyles and rising incomes among the consumers. As consumer incomes rise, there is usually a decrease in spending on basic crops and cereals while spending on beef, poultry, eggs, and milk tends to increase. The average consumption of poultry and red meat per person has seen rapid growth due to consumers increasingly recognizing them as essential sources of nutrition and protein which drives up meat production and in turn boost the growth of animal feed market.

Feeding is important in the animal diet by meeting essential protein and nutritional needs including carbohydrates and vitamins which are crucial for promoting optimal growth and enhancing immune function. Mexico’s increasing preference for nutritious food items, particularly those rich in animal-based proteins, is projected to experience notable growth. This trend is driven by the adoption of healthier lifestyles and more disciplined dietary habits which have significantly boosted animal products production.

The government initiatives have also played a role in the market expansion. To foster the growth of the national industry, the Secretariat of Agriculture and Rural Development and CONAFAB have reaffirmed their partnership which aims to enhance efforts in promoting the welfare of both livestock and companion animals. Mexico’s industry is highly efficient and productive, ranking among the world’s largest five with an annual food production exceeding 40 million tons, of which 36.7 million tons are dedicated to the livestock sector. The sector also plays a role in producing pet food, a sector that has witnessed substantial growth in current years, highlighting its dynamic development and contribution of approximately 230,000 jobs.

The Agriculture Secretariat also highlighted that the contributions and support from the food production industry significantly influence animal welfare, livestock operations, public health, and the availability of safe and nutritious meat products for the population. It also underscored that this public service collaborates closely with exporters, importers, traders, and suppliers to certify compliance with good manufacturing processes, ensuring stringent safety and health protocols throughout production. In addition, SENASICA regulates the veterinary products sector as well as premixes and additives for balanced feed production, in accordance with its mandates to provide various formulations for the nutrition and feeding of livestock across Mexico.

Each year, there is approximately 41 million tons production of feed including 12 million tons for poultry farming, 7 million tons to swine farming, while pet food concentrate production reaches 4.5 million tons annually. Despite anticipated growth in feed consumption and production, the volatility in raw material prices is expected to present challenges to overall Mexico animal feed market size expansion.

Segments covered in the Report:

The Mexico Animal Feed Market has been segmented on the basis of type and product. Based on the type, the market is segmented into poultry, swine, ruminant, aquaculture and others. Based on the product, the market is segmented into pellets, mash, crumbles.

Market Segmentation

Mexico Animal Feed Market by Type

• • Poultry
  • Swine
  • Ruminant
  • Aquaculture
  • Others

Mexico Animal Feed Market by Product

• • Pellets
  • Mash
  • Crumbles