Overview and Scope
Feed premix refers to a mixture of one or more feed additives that are included
in the diet of livestock animals and are not intended for direct consumption.
Premix includes vitamins, trace minerals, medicaments, feed supplements, and
diluents as its constituents. It's a value-added solution for feeds with
long-term quality and safety.
Sizing and Forecast
The feed premix market size has grown rapidly in recent years. It will grow
from $21.7 billion in 2023 to $24.25 billion in 2024 at a compound annual
growth rate (CAGR) of 11.8%. The growth in the historic period can be
attributed to nutritional awareness, livestock health concerns, government
regulations, population growth.
The feed premix market size is expected to see rapid growth in the next few
years. It will grow to $36.68 billion in 2028 at a compound annual growth rate
(CAGR) of 10.9%. The growth in the
forecast period can be attributed to urbanization, disease prevention,
sustainable practices, research and development. Major trends in the forecast
period include personalized nutrition, clean label products, digitalization in
agriculture, alternative protein sources, climate-resilient formulations.
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Segmentation & Regional Insights
The feed premix market covered in this report is segmented –
1) By Type: Amino Acids, Antioxidants, Antibiotics, Vitamins, Minerals, Other
Types
2) By Form: Dry, Liquid
3) By Livestock: Ruminants, Swine, Aquatic Animals, Poultry, Pets
Asia-Pacific was the largest region in the feed premix market in 2023. North
America is expected to be the fastest-growing region in the forecast period.
The regions covered in the feed premix market report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increase in the demand and consumption of livestock-based products is
expected to propel the growth of the feed premix market. Livestock-based
products comprise eggs, dairy products, and meat products. Adding feed premix
to the livestock’s diet helps in providing sufficient vitamins and minerals and
enhances nutrition and better production of livestock-based products such as
milk. An increase in the adoption and consumption of dairy and meat products is
increasing the sales of livestock-based products which is driving the demand
for feed premix. For instance, in August
2022, according to the United States Department of Agriculture (USDA), a
US-based federal executive department, milk production in the 24 major states
during July totaled 18.3 billion pounds, up 0.3% from July 2021. June revised
production, at 18.1 billion pounds, was up slightly from June 2021. Therefore, the increase in the demand and
consumption of livestock-based products is expected to propel the growth of the
feed premix market.
Key Industry Players
Major companies operating in the feed premix market report are Advanced Animal
Nutrition Pvt. Ltd., Archer Daniels Midland Company, BASF SE, BEC Feed
Solutions PTY Ltd., Cargill Inc., Nutreco N. V., DLG Group, Charoen Pokphand
Foods Public Company Limited, Alltech, Koninklijke DSM N. V., Land O'Lakes
Inc., AB Agri Ltd., De Heus Beheer B. V., ForFarmers NV, Lallemand Animal
Nutrition Inc., Biomin Holding GmbH, Vilofoss A/S, Kemin Industries Inc., Novus
International Inc., Trouw Nutrition International B. V., Adisseo France SAS,
Evonik Industries AG, Phibro Animal Health Corporation, Pancosma SA, Nutriad
International NV, Huvepharma AD, Anpario plc, NutriQuest LLC, DuPont de Nemours
Inc., J. D. Heiskell & Company Inc.
The feed premix market report table of contents includes:
1. Executive Summary
2. Feed
Premix Market Characteristics
3. Feed
Premix Market Trends And Strategies
4. Feed
Premix Market - Macro Economic Scenario
5. Global
Feed Premix Market Size and Growth
.
31. Global Feed Premix Market Competitive Benchmarking
32. Global
Feed Premix Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The Feed Premix Market
34. Feed
Premix Market Future Outlook and Potential Analysis
35.
Appendix
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