Global Feed Premix Market to Reach US$ 31.2 Billion by 2032, Propelled by Surging Demand for Animal-Derived Protein

September 18, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “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,” the global feed premix market size reached US$ 20.7 Billion in 2023. Feed premix is a vital component within the agricultural and animal husbandry sectors, encompassing a blend of essential nutrients, vitamins, minerals, amino acids, and additives. This meticulously formulated mixture serves as a nutritional supplement, strategically designed to enhance the overall health, growth, and productivity of livestock and poultry. The creation of feed premix involves a precise combination of ingredients, tailored to meet the specific dietary requirements of various animal species. By providing a concentrated and balanced source of essential nutrients, feed premix contributes to the optimization of animal well-being, disease prevention, and the attainment of desired production outcomes. This essential ingredient underscores the efficiency and sustainability of modern livestock and poultry farming operations by ensuring that animals receive the necessary nutrients for optimal growth and performance.

Global Feed Premix Market Trends:

The global feed premix market is experiencing substantial growth, driven by the evolving landscape of agriculture and the imperative to meet the escalating demand for animal-derived protein. Besides this, the rising population and urbanization have intensified the demand for meat, dairy, and poultry products, prompting livestock producers to adopt advanced nutritional strategies for enhanced productivity, creating a positive outlook for market expansion. Moreover, the increased consumer awareness of food safety and quality has spurred the adoption of modern animal husbandry practices, wherein feed premix helps in disease prevention, immune system support, and the overall enhancement of animal health, thus propelling the market forward. Concurrent with this, the globalization of the animal product trade has brought regulatory and transportation challenges, fueling the need for feed premix to address these concerns by ensuring consistent nutrient supply, regardless of geographic location. Additionally, significant technological advancements have paved the way for sophisticated formulations, precision dosing, and real-time monitoring of animal health through data integration, presenting lucrative opportunities for market expansion. Furthermore, the rising focus on sustainability across the thriving agricultural sector has considerably impelled the need for feed premix in modern livestock and poultry production. Looking forward, the market value is projected to reach US$ 31.2 Billion by 2032, expanding at a CAGR of 4.5% during 2024-2032.

Market Summary:

Based on the ingredient type, the market is segregated into amino acids, vitamins, minerals, antibiotics, antioxidants, and others.
On the basis of the form, the market has been bifurcated into dry and liquid.
Based on the livestock, the market is categorized into poultry, ruminants, swine, aquatic animals, equine, and pets.
On a regional basis, the market has been segmented into 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.
The competitive landscape of the market has also been examined, with some 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	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$ 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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Purchase options

Single User License $2499
Five User License $3499
Corporate User License $4499

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.