Feed Premix Market Trends, Industry Size, Share, Forecast 2023-2028

Feed Premix Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A6336

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Market Overview:

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
Vitamins
Minerals
Antibiotics
Antioxidants
Others

Breakup by Form:

Dry
Liquid

Breakup by Livestock:

Poultry
Ruminants
Swine
Aquatic Animals
Equine
Pets

Breakup by Region:

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

Competitive Landscape:

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).

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Ingredient Type, Form, Livestock, Region
Region 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. and Nutreco N.V. (SHV Holdings).
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
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 Questions Answered in This Report

The global feed premix market was valued at US$ 19.5 Billion in 2022.

We expect the global feed premix market to exhibit a CAGR of 5.1% during 2023-2028.

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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