The global feed premix market size reached US$ 19.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
A feed premix is a mixture of vitamins, trace minerals, medicaments, and diluents to improve the nutritional content of the feed. It is prepared by selecting raw materials and formulation, weighing, mixing, packaging, labeling, and storing finished premix. It provides a powerful component to the feed for ensuring balanced and value-added ingredients. It helps optimize diet compositions and improve modern poultry production. It also assists in enhancing the crucial body functions of animals, such as performance, growth, fertility, and immunity. Apart from this, a feed premix offers several benefits, such as maintaining the acid-base balance and osmotic pressure, improving muscle function, and controlling cell replication and differentiation.
Feed Premix Market Trends:
At present, there is a rise in the demand for livestock-based products to provide various micronutrients to animals. This, along with the growing awareness about the benefits of feed premixes, represents one of the key factors driving the market. Moreover, the escalating demand for compound feeds that offer various nutrients to animals according to different physiological requirements and growth stages is positively influencing the market. In addition, there is an increase in concerns about animal wellness and health. This, coupled with technological advancements in the production of feed premixes, is contributing to the growth of the market. Besides this, the rising demand for high-value animal proteins and declining feed conversion rates are offering lucrative growth opportunities to industry investors. Additionally, the escalating demand for environmentally safe and chemical-residue-free meat and milk products is propelling the growth of the market. Apart from this, key market players are investing in research and development (R&D) to introduce safe and nutrient-dense animal feed for improving quality and safety while maintaining cost-effectiveness, which is bolstering the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global feed premix market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on ingredient type, form and livestock.
Breakup by Ingredient Type:
- Amino Acids
Breakup by Form:
Breakup by Livestock:
- Aquatic Animals
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alltech, Archer-Daniels-Midland Company, Associated British Foods plc, Avitech Nutrition Pvt. Ltd, Cargill Incorporated, Charoen Pokphand Foods PCL, Dansk Landbrugs Grovvareselskab A.M.B.A., De Heus Animal Nutrition B.V., Kemin Industries Inc., Koninklijke DSM N.V., Lexington Enterprises Pte. Ltd., Novus International Inc. and Nutreco N.V. (SHV Holdings).
|Base Year of the Analysis
||Ingredient Type, Form, Livestock, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Alltech, Archer-Daniels-Midland Company, Associated British Foods plc, Avitech Nutrition Pvt. Ltd, Cargill Incorporated, Charoen Pokphand Foods PCL, Dansk Landbrugs Grovvareselskab A.M.B.A., De Heus Animal Nutrition B.V., Kemin Industries Inc., Koninklijke DSM N.V., Lexington Enterprises Pte. Ltd., Novus International Inc. and Nutreco N.V. (SHV Holdings).
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