The soybean feed demand in Brazil has experienced significant fluctuations over the past decade. From a high of 3,140 thousand metric tons in 2016 to a steady decline in subsequent years, the trend has been downward. By 2023, the demand stood at 522 thousand metric tons, marking an 8.74% year-on-year decline. The CAGR from 2019 to 2023 is -2.49%. The forecast for the next five years indicates a steep decline, with the demand projected to fall to 258 thousand metric tons by 2028, a forecast 5-year CAGR of -11.15% and an overall 5-year growth rate of -44.64%.
Future trends to watch for include potential changes in global trade policies, domestic agricultural practices, and technological innovations in livestock feed, all of which could significantly impact soybean feed demand in Brazil.
