Feed Premix Market Report by Ingredient Type (Amino Acids, Vitamins, Minerals, Antibiotics, Antioxidants, and Others), Form (Dry, Liquid), Livestock (Poultry, Ruminants, Swine, Aquatic Animals, Equine, Pets), and Region 2024-2032

Feed Premix Market Report by Ingredient Type (Amino Acids, Vitamins, Minerals, Antibiotics, Antioxidants, and Others), Form (Dry, Liquid), Livestock (Poultry, Ruminants, Swine, Aquatic Animals, Equine, Pets), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A6336
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Global Feed Premix Market:

The global feed premix market size reached US$ 20.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 31.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032. The increasing demand for quality animal products, growing awareness of balanced animal nutrition, expansion of the livestock industry, and technological advancements are some of the major factors propelling the feed premix market growth.

Report Attribute
 Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023 US$ 20.7 Billion
Market Forecast in 2032 US$ 31.2 Billion
Market Growth Rate (2024-2032) 4.5%


Feed Premix Market Analysis

  • Major Market Drivers: The increasing demand for high-quality animal products, coupled with rising awareness among livestock farmers about the significance of balanced animal nutrition, is primarily driving the growth of the market. 
  • Key Market Trends: Ongoing technological advancements and research in animal nutrition are acting as primary key trends, bolstering the growth of the market. These advancements are not just improving the efficiency of animal nutrition but also enabling the development of specialized premix formulations that cater to different animal species and their specific nutritional needs.
  • Geographical Landscape: According to the feed premix market report, Asia-Pacific accounted for the largest market share. Asia Pacific's evolving livestock production landscape is creating a growing demand for feed premixes. Moreover, the region's burgeoning population and rising disposable incomes are driving the demand for animal-derived products, compelling livestock producers to adopt advanced nutrition strategies.
  • Competitive Landscape: Some of the leading companies operating in the global feed premix market include 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).
  • Challenges and Opportunities: The global feed premix market faces challenges such as fluctuating raw material prices, stringent regulations, and increasing consumer demand for sustainable and traceable products. However, these challenges also present opportunities for innovation in formulation technology, expansion into emerging markets, and strategic partnerships along the supply chain.
     

Global Feed Premix Market


Feed Premix Market Trends

Increasing Demand for Quality Animal Products

The escalating demand for high-quality animal products, such as meat, milk, and eggs, represents one of the key factors impelling the global feed premix market. Moreover, as consumers worldwide seek safer, healthier, and more nutritious options, livestock farmers are under pressure to enhance the quality of their products, thereby fueling the demand for feed premixes. According to the United Nations Food and Agricultural Organisation, the demand for poultry meat in South Asia is projected to increase by 725% by 2030, with India contributing to an expected 850% increase in demand. India also has the largest cattle inventory in the world, followed by Brazil and China. In 2023, the consumption of poultry meat in India was found to be over four million metric tons. Similarly, the consumption of poultry in the U.S. reached approximately 113.4 pounds per capita in 2021 and is expected to slowly increase, ending at 123 pounds per capita by 2032. With such massive demand for poultry meat, farmers are increasingly incorporating premixes into their feed formulations, to enhance the nutritional value of animal products. This, in turn, is anticipated to bolster the feed premix market share in the coming years.

Government Initiatives

With the increasing demand for poultry meat and the expanding livestock industry, the government authorities of various nations are taking initiatives, such as offering subsidies, grants, and technical assistance to enhance productivity, improve infrastructure, and ensure food security. For instance, under the Poultry Entrepreneurship Development Scheme (PEDS), the Indian government offers loans, subsidies, and grants for activities such as procuring poultry equipment, constructing farm infrastructure, and purchasing livestock. In line with this, the concerned government authorities of different nations are collaborating with each other to expand the poultry industry, which is further bolstering the market growth. For instance, in March 2023, the US Agency for International Development (USAID) launched the USAID Partnership for Poultry activity in Butwal, Lumbini Province, Nepal. The event is said to be a significant feed premix market growth strategy, which brought together stakeholders from agriculture and beyond, emphasizing collaborative efforts crucial for the success of Nepal’s poultry industry. Implemented by Shreenagar Agritech, a Nepali firm, the three-year, US$ 2 Million USAID activity will strengthen the poultry market system and uplift the incomes of 7,000 small farmers and firms for inclusive, sustainable private sector-driven growth. Such initiatives are anticipated to propel the growth of the market in the coming years. 

Rising Adoption of Animal-derived Protein

The rapid expansion of the global livestock industry to meet the rising demand for animal-derived protein is contributing to the increasing demand for feed premixes. Moreover, as the global population continues to grow, so does the need for protein-rich food sources, which in trun is augmenting the feed premix market demand. Additionally, the growing acceptance and need for protein foods globally are also contributing to the growth of the market. For instance, in 2021, about 75% of global consumers paid a higher price for protein-fortified food and beverages. In the same year, more than half of global consumers paid a 10% premium, and an additional 15% paid a 25% premium. Apart from this, the growing interest in protein-fortified personal care products is also creating a positive outlook for the overall market.  For instance, 95% of US females look for specific ingredients in their skincare products, leaving immense scope for segmental growth with growing interest in products fortified with keratin. Furthermore, the increasing demand for sports nutrition and supplements, especially by fitness enthusiasts and sports players, is propelling the feed premix market price. In 2022, sports nutrition held a 74.6% share of animal protein consumed by the supplements sector.

Feed Premix Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global feed premix market report, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on ingredient type, form, and livestock.

Breakup by Ingredient Type:

Feed Premix Market

  • Amino Acids
  • Vitamins
  • Minerals
  • Antibiotics
  • Antioxidants
  • Others
     

Amino acids dominate the market

The report has provided a detailed breakup and analysis of the market based on the ingredient type. This includes amino acids, vitamins, minerals, antibiotics, antioxidants, and others. According to the feed premix market research report, amino acids represented the largest segment.

The demand for amino acid feed premix is propelled by the heightened focus on optimizing animal diets to achieve maximum growth efficiency and nutritional value. Amino acids, as an essential building block of proteins, play a crucial part in various physiological functions and growth processes within animals. Moreover, this targeted approach fosters better growth rates and aligns with sustainable farming practices by minimizing excess nutrient excretion. As a result, the demand for amino acid feed premixes is surging as an integral component of modern livestock nutrition strategies.

Breakup by Form:

  • Dry
  • Liquid
     

Dry holds the largest share in the market

A detailed breakup and analysis of the market based on the form has also been provided in the report. This includes dry and liquid. According to the report, dry accounted for the largest market share.

The expanding demand for dry feed premix due to its convenience, extended shelf life, and compatibility with various animal feed formulations represent one of the main drivers impelling the market growth. Dry feed premixes offer a practical solution for livestock farmers and feed manufacturers, as they are easy to handle, store, and mix with different feed ingredients. In addition to this, the extended shelf life of dry premixes ensures their stability and effectiveness over time, reducing the risk of nutrient degradation.

Breakup by Livestock:

  • Poultry
  • Ruminants
  • Swine
  • Aquatic Animals
  • Equine
  • Pets
     

Poultry dominates the market

The report has provided a detailed breakup and analysis of the market based on the livestock. This includes poultry, ruminants, swine, aquatic animals, equine, and pets. According to the report, poultry represented the largest segment.

The dynamic growth of the poultry industry and the quest for improved production efficiency are acting as significant growth-inducing factors. Moreover, poultry farming, especially broiler and layer production, is expanding rapidly to meet the escalating global demand for affordable and protein-rich meat and eggs. In addition to this, the government authorities of various nations are taking initiatives, such as offering subsidies and low-interest loans to poultry farmers, which is positively impacting the feed premix market outlook. For instance, under the Poultry Entrepreneurship Development Scheme (PEDS), the Indian government offers loans, subsidies, and grants for activities such as procuring poultry equipment, constructing farm infrastructure, and purchasing livestock.  As a result, there is a growing demand for feed premixes tailored specifically for poultry to address the sector's unique nutritional requirements, supporting optimal growth, egg production, and overall health.

Breakup by Region:

Feed Premix Market

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Asia-Pacific exhibits a clear dominance, accounting for the largest feed premix market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia-Pacific accounted for the largest market share.

As per the feed premix market forecast, Asia Pacific's evolving livestock production landscape is creating a positive outlook for the market. Moreover, the region's burgeoning population and rising disposable incomes are driving the demand for animal-derived products, compelling livestock producers to adopt advanced nutrition strategies. Additionally, the escalating demand for protein-rich food on account of rising awareness regarding the importance of protein consumption is also contributing to the market growth, particularly in China. In 2021, about 80-85% of fitness enthusiasts in China chose high-protein foods, including protein powders and shakes, as a major source of energy and to strengthen muscles. Additionally, according to the United Nations Food and Agricultural Organization, the demand for poultry meat in South Asia is projected to increase by 725% by 2030, with India contributing to an expected 850% increase in demand. India also has the largest cattle inventory in the world, followed by Brazil and China.

Competitive Landscape:

The market research report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • 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.
  • Nutreco N.V. (SHV Holdings)
     

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Global Feed Premix Market Latest News

  • March 2024: De Heus opened a new shrimp feed mill in Co Chien Industrial Zone, Vinh Long province, Vietnam. The establishment of the De Heus Vinh Long Shrimp Feed Mill underscores the commitment of De Heus to long-term, strategic investments in the production of highly effective shrimp feed, facilitated by a dedicated, state-of-the-art manufacturing facility.
  • September 2023: US-based agribusiness giant Cargill opened a new Provimi Premix plant in Giang Điền Industrial Park, Đồng Nai Province, Vietnam, to meet growing demand from livestock and aquaculture farmers.
  • October 2023: Cargill Incorporated and its partner Naturisa S.A collaborated with Skyvest EC Holding SA to establish a joint venture aimed at enlarging shrimp feed production in Ecuador.


Feed Premix Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Ingredient Type
  • Form
  • Livestock
  • Region
Ingredient Types Covered Amino Acids, Vitamins, Minerals, Antibiotics, Antioxidants, Others
Forms Covered Dry, Liquid
Livestocks Covered Poultry, Ruminants, Swine, Aquatic Animals, Equine, Pets
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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., Nutreco N.V. (SHV Holdings), etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the feed premix market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the global feed premix market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the feed premix industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global feed premix market was valued at US$ 20.7 Billion in 2023.

We expect the global feed premix market to exhibit a CAGR of 4.5% during 2024-2032.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of feed premix. 

The rising awareness towards the numerous benefits of a feed premix, such as maintaining the acid-base balance and osmotic pressure, improving muscle function, and controlling cell replication and differentiation, is primarily driving the global feed premix market.

Based on the ingredient type, the global feed premix market can be categorized into amino acids, vitamins, minerals, antibiotics, antioxidants, and others. Currently, amino acids account for the majority of the total market share.

Based on the form, the global feed premix market has been segregated into dry and liquid, where dry currently holds the largest market share.

Based on the livestock, the global feed premix market can be bifurcated into poultry, ruminants, swine, aquatic animals, equine, and pets. Currently, poultry exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global feed premix market include 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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Feed Premix Market Report by Ingredient Type (Amino Acids, Vitamins, Minerals, Antibiotics, Antioxidants, and Others), Form (Dry, Liquid), Livestock (Poultry, Ruminants, Swine, Aquatic Animals, Equine, Pets), and Region 2024-2032
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