Colombia Animal Feed Market Research Report, 2029

Feed industry Colombia is a vital component of the country's agricultural sector, supporting the diverse needs of its growing livestock industry. With a rich agricultural landscape, favorable climatic conditions, and abundant agricultural resources, Colombia has established itself as a significant player in the animal feed market. The industry encompasses a wide range of feed products, including compound feeds, concentrates, premixes, and specialty feeds tailored to the nutritional requirements of various livestock species. The animal feed industry in Colombia is characterized by its commitment to sustainability, technological advancements, and research and development. Feed manufacturers in the country employ innovative practices and technologies to optimize feed formulations, enhance nutrient utilization, and improve production efficiency. They also prioritize animal health and welfare, aligning with consumer demands for high-quality and responsibly produced animal products. The Colombian government actively supports the animal feed industry through favorable policies, incentives for investment, and initiatives that promote self-sufficiency in feed production. With a strong emphasis on quality, sustainability, and innovation, the animal feed industry in Colombia is poised for continued growth, contributing to the overall success and sustainability of the country's livestock sector. Poultry feed by livestock type is highest in demand, driven by the demand for poultry meat products by consumers. The rising population further boosts the demand for poultry meat, but the rising feed prices hamper the market's growth. Since poultry meat is the cheapest form of meat available, consumers' consumption is high. 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. According to the research report, "Colombia Animal Feed Market Research Report, 2029," published by Actual Market Research, the Colombia Animal Feed market is anticipated to add to more than USD 600 Million by 2024–29. Colombia benefits from a wealth of agricultural resources, including fertile land, diverse climatic conditions, and a wide variety of crops. This allows for the production of a range of feed ingredients such as corn, soybeans, sorghum, wheat, and by-products from the agricultural and agro-industrial sectors. 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.

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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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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. 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. The market primarily relies on plant-based ingredients such as corn and soybeans, which are abundant in Colombia due to favorable agricultural conditions. Animal-based sources like fish meal are also utilized but to a lesser extent, mainly in specialized formulations for poultry and aquaculture. The emphasis on sustainable practices has led to a growing preference for plant-based feeds, aligning with consumer trends towards healthier and more environmentally friendly food sources. The Colombian government has implemented various rules and regulations to ensure the safety, quality, and proper use of animal feed within the country. These regulations are enforced by several government agencies, including the Colombian Agricultural Institute (ICA) and the Ministry of Agriculture and Rural Development. Animal feed manufacturers in Colombia are required to register their operations and obtain authorization from the ICA. This process involves submitting detailed information about the company, its facilities, production processes, and feed formulations. Furthermore, Animal feed products in Colombia must comply with specific labeling requirements. Labels should contain accurate and clear information about the product, including the product name, list of ingredients, nutritional composition, feeding instructions, precautions, and manufacturer details. The use of feed additives, such as vitamins, minerals, and other supplements, is regulated by the Colombian government. Additives must be approved by the ICA and used in accordance with the specified maximum permitted levels to ensure animal health and safety.

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Nikita Jabrela

Business Development Manager

However, COVID-19 has caused some problems and changes in the feed industry, like many other industries, and the Colombia 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. Considered in this report: • Geography: Colombia • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Colombia 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

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By Ingredient: • Cereals • By Products • Cakes & Meal • Supplements • Others By Livestock: • Cattle Feed • Poultry Feed • Pig Feed • Aqua Feed • Others By Form: • Pellet • Mash • Crumbles • Cubes and Cakes By Source: • Plant-based • Animal-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.