Poultry to Lead Peru Animal Feed Market During Forecast Period
Increasing number of various product launches for livestock
animals is expected to drive the growth of Peru animal feed market.
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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XX market data Tables and XX Figures spread through XX Pages and an in-depth TOC on " Peru Animal Feed Market"
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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