According to the latest report by IMARC Group, titled “ Feed Premix Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global feed premix market size reached US$ 19.5 Billion in 2022. 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$ 26.6 Billion by 2028, expanding at a CAGR of 5.1% during 2023-2028.
- 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).
|Base Year of the Analysis
|Scope of the Report
||Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Ingredient Type
|Ingredient Types Covered
||Amino Acids, Vitamins, Minerals, Antibiotics, Antioxidants, Others
||Poultry, Ruminants, Swine, Aquatic Animals, Equine, Pets
||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., Nutreco N.V. (SHV Holdings), etc.
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