Feed Premix Market Forecasts to 2028 – Global Analysis By Form (Dry/Powder and Liquid), Livestock (Swine, Aquatic Animals, Cattle, Equine, Pets, and Other Livestocks), Ingredient Type, Distribution Channel, End User, and By Geography
According to Stratistics MRC, the Global Feed Premix Market is accounted for $22.88 billion in 2020 and is expected to reach $42.98 billion by 2028 growing at a CAGR of 8.2% during the forecast period. Growth in feed production, increase in the demand and consumption of livestock-based products and growth in compound feed consumption are driving the market growth. However, increase in cost of feed ingredients is hampering the growth of the market.
Feed premixes are complex mixtures of feed supplements, trace elements, essential minerals, vitamins, and other nutritional additives including amino acids and proteins incorporated in the feed. The vital purpose of food premixes is to deliver the right micronutrients to the livestock. Premixing can be done mechanically, manually, continuously, or controlled by computer devices. Some premixes are deigned to serve specific functions such as fish feed premixes are prepared to answer nutritional needs of fishes.
Based on the ingredient type, the amino acids segment is going to have lucrative growth during the forecast period. Amino acids are broadly used as feed premixes to provide the nutrients that are required to overcome dietary deficits. Amino acids function as the building blocks for protein development in animals and are essential to enhance meat quality and quantity.
By geography, Asia Pacific is going to have high growth during the forecast period. The market in the region is primarily driven by the existence of a large livestock population and the growth rate attributed to it. Moreover, the region has witnessed a rise in the number of feed mills and feed production, particularly in Japan and India. This surge in the number of feed mills in the region reflects the growth in feed production.
Some of the key players profiled in the Feed Premix Market include Advanced Animal Nutrition, Advanced Enzyme Technologies, Agrofeed Ltd., Alltech, Archer Daniels Midland, Associated British Foods, Avitech Nutrition Pvt. Ltd., BEC Feed Solutions, Cargill Incorporated, Charoen Pokphand Foods PCL, Cladan, De Heus Animal Nutrition, DLG Group, Kaesler Nutrition and Kemin Industries.
Estimated Market Size in 2020:
Compound Annual Growth Rate (CAGR) from2020 to 2028:
Predicted 2028 Value:
Tables, Graphs& Figures
Form, Livestock, Ingredient Type, Distribution Channel, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Aquatic Animals
• Other Livestocks
Ingredient Types Covered:
• Amino acids
• Other Ingredient Types
Distribution Channels Covered:
End Users Covered:
• Dietary Supplements
• Food Industry
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Feed Premix Market is majorly driven by growth in feed production, increase in the demand and consumption of livestock-based products and growth in compound feed consumption.
The amino acids segment is growing at a highest CAGR owing to their widespread usage as feed premixes to provide the nutrients that are required to overcome dietary deficits. Amino acids function as the building blocks for protein development in animals and are essential to enhance meat quality and quantity.
North America dominated with a significant market share due to the factors such as rapid adoption of efficient and technologically advanced farm management practices by the livestock farmers.
Asia Pacific market is growing at a highest CAGR owing to the existence of a large livestock population and the growth rate attributed to it.
Key players in Feed Premix Market include Advanced Animal Nutrition, Advanced Enzyme Technologies, Agrofeed Ltd., Alltech, Archer Daniels Midland, Associated British Foods, Avitech Nutrition Pvt. Ltd., BEC Feed Solutions, Cargill Incorporated, Charoen Pokphand Foods PCL, Cladan, De Heus Animal Nutrition, DLG Group, Kaesler Nutrition and Kemin Industries.
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