URUGUAY ANIMAL FEED MARKET

Uruguay Animal Feed Market is projected to grow at a robust CAGR during the forecast period owing to robust development of Uruguay Animal Feed Market is driven by the growing export of livestock and animal feed products.

Major Uruguay Animal Feed Market Drivers and Challenges

Despite historical records show that starting from 1999 there has been a consistent decline in the nation’s need for animal feed, with an average yearly reduction of 11.1%, there has been a continuous rise in Uruguay’s animal feed exports with projections suggest that exports will climb to around 82.6 million kilograms by 2028 in comparison to about 68.9 million kilograms in 2023. Uruguay’s animal feed exporters are expected to find Brazil the most lucrative market in 2028, with the Netherlands, Ecuador, Paraguay, and Argentina also showing considerable export potential. Despite Germany leading in overall import demand, Brazil offers Urugay substantial unmet market demand potential. The supply of animal feed in Uruguay has been increasing at an average rate of 2.2% annually since 1999 which as of 2023, Uruguay was the 34th largest exporter of animal feed globally, closely trailing Croatia in export volume.

The other factor supporting the expansion of Uruguay animal feed market trends is the growing consumption of meat and related products across South America. Uruguay, Brazil, and Argentina are among the world’s top three beef exporters which are situated in a region known for its largest meat producers globally. South America has seen a consistent increase in beef consumption in recent years driven by population expansion and evolving dietary patterns. This surge in beef consumption has fueled livestock production which leads to a corresponding rise in the need for animal feed. The forecast for beef exports from Uruguay in 2024 anticipates a slight increase to 467,000 tons equivalent weight of the carcass, driven by projected growth in beef output and a marginal rise in domestic consumption. Outside of the region, China is anticipated to remain the top market, with the United States and EU following closely behind, as forecasts indicate that exports of live cattle will rise to 200,000 head.

However, there are some challenges that can hinder the growth of Uruguay animal feed market, including diverse regulatory frameworks and rising operational costs. In addition, economic volatility and rising raw material costs can also pose significant challenges for companies in the animal feed market, as fluctuating commodity prices have a direct impact on the feed production costs which in turn influencing the profit margins of industry players.

Segments covered in the Report:

The Uruguay 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

Uruguay Animal Feed Market by Type

• • Poultry
  • Swine
  • Ruminant
  • Aquaculture
  • Others

Uruguay Animal Feed Market by Product

• • Pellets
  • Mash
  • Crumbles