Peru Animal Feed Market Analysis & Trends - Industry Forecast to 2025 | TechSci Research
According
to TechSci Research report, “Peru Animal Feed Market By Type, By Livestock, By
Raw Materials, By Distribution Channel, By Region, Competition, Forecast &
Opportunities, 2025” the Peru animal feed market
is expected to grow at a steady rate during the forecast period owing to the adoption
of new feed manufacturing technologies and increasing investment in the livestock
market. However, high import duties on feed ingredients, vague regulatory
regime, volatility in raw material prices, frequent disease outbreaks, among
others can hamper the growth of market during forecast period. Additionally, high
price of non-GMO animal feed, development of clean meat products, and growing
consumer inclination towards vegan food can further restrict the growth of
market during forecast years.
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The Peru animal feed market is segmented based on type, livestock, raw
material, distribution channel, company and regional distribution. Based on
livestock, the market can be categorized into swine, aquatic animals, cattle,
poultry and others. The poultry feed segment is anticipated to dominate the
market during forecast years. This can be accredited to the increasing
consumption of poultry meat. Rising prevalence of salmonella, avian influenza
attacks and efforts to improve poultry productivity is creating more demand for
nutritious eatables in the country. Low cost, easy availability, and excessive
demand for protein-rich poultry meat by health-conscious population are some of
the factors driving the poultry industry.
Cargill, Nutriad, BASF SE, Archer
Daniels Midland Company, Alltech International, Novus International and others are some of the leading players operating in Peru animal feed market. The companies operating in the market are using organic
strategies such as product launches, mergers and collaborations to boost their
share.
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“Peru animal feed market is projected to witness significant
growth during the forecast years owing to the growing energy requirements along
with increasing animal meat consumption which are creating a higher need for
processed aqua, poultry, and dairy products in the country. Additionally, presence
of established players such as Cargill, BASF SE, among others is further
expected to spur the market through 2025.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Peru Animal Feed Market By Type, By Livestock, By
Raw Materials, By Distribution Channel, By Region, Competition, Forecast &
Opportunities, 2025” has
evaluated the future growth potential of Peru animal feed market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in Peru animal feed market.
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