Global Feed Premix Market to Reach US$ 26.6 Billion by 2028, Propelled by Escalating Demand for Livestock-Based Products

November 28, 2022

The latest report by IMARC Group, titled “Feed Premix Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” finds that the global feed premix market size reached US$ 19.5 Billion in 2022. A feed premix is a mixture of two or more varieties of nutritional additives containing vitamins, medicaments, trace minerals, and diluents. It is prepared by selecting raw materials that provide a powerful component to the feed for ensuring balanced meals for animals. It also helps optimize diet compositions and improve modern poultry production. In addition, it assists in enhancing the crucial body functions of animals, such as growth, fertility, performance, and immunity, and maintaining the acid-base balance and osmotic pressure. As a result, feed premix is widely utilized for cattle feeding across the globe.

Global Feed Premix Market Trends:

The market is primarily driven by the escalating demand for livestock-based products to provide various micronutrients to animals. In addition, the growing awareness among consumers about the benefits of feed premixes represents another major growth-inducing factor. Besides this, the market is also propelled by various technological advancements in the production of feed premixes. Moreover, key players are investing in research and development (R&D) activities to introduce nutrient-dense animal feed while maintaining cost-effectiveness. This, coupled with the growing popularity of compound feeds that offer essential nutrients to animals according to different physiological requirements and growth stages, is positively influencing the market growth. Furthermore, the increasing concerns about animal health and wellness, the escalating demand for chemical-residue-free meat and milk products, and the declining feed conversion rates are some of the other factors creating a favorable market outlook across the globe. Looking forward, IMARC Group expects the market to reach a value of US$ 26.6 Billion by 2028, exhibiting a CAGR of 5.1% during the forecast period (2023-2028).

Market Summary:

  • Based on the ingredient type, the market has been categorized 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 has been classified into poultry, ruminants, swine, aquatic animals, equine, and pets.
  • Region-wise, the market has been divided into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has been examined in the report, 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).
     

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
30 N Gould St, Ste 
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Global Feed Premix Market to Reach US$ 26.6 Billion by 2028, Propelled by Escalating Demand for Livestock-Based Products
Select Licence Type



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

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

Aktive Services

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.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

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

Read More
KRISHAK BHARTI CO-OP LTD

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.

Read More
Zee Media Corp. Ltd.

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.

Read More
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.

Read More
Sumitomo Corporation

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.

Read More
Hameln Rds

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.

Read More
Quality Consultants BV

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.

Read More
TATA Advanced Systems Limited

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.

Read More
Stax

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.

Read More