Feed Premix Market

SKU: DMCPG464 | Last Updated On: Oct 17 2022 | Available Formats

> Global Feed Premix Market Expected to reach a high CAGR 5.7% By 2029: DataM Intelligence

Global Feed Premix Market is segmented by Ingredient Type (Vitamins, Minerals, Amino Acids, Antibiotics, Antioxidants, and Others), Livestock (Poultry, Ruminants, Swine, Aquatic Animals, Equine, and Pets), Form (Dry and Liquid), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029.

 

Market Overview

[150 Pages Report] The Global Feed Premix Market is expected to grow at a high CAGR  during the forecast period (2022-2029)

Feed Premix Market - Strategic Insights

Metrics

Details

Market CAGR

5.7%

Segments Covered

By Ingredient Type, By Livestock, By Form, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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  • Premix is an essential component in animal nutrition, as it improves the compound feed quality and food, particularly in weaning animals.

  • This improved nutritional quality enhances animal performance and health; subsequently, improving the yield and quality of animal-derived products.

Market Dynamics

  • The primary factor driving factors of the global Feed Premix Market is increasing meat consumption across the world, mass production of meat coupled with increasing demand for quality beef.

  • Rising awareness among farmers about the benefits of feed ingredients is also anticipated to propel the growth of the global feed premix industry. Additionally, the growing population in developing countries has increased the demand for ruminants and other livestock, which has uplifted the need for feed premix in the market.

  • However, the growing cost of raw materials and regulatory structure are restraining the growth of the animal feed premix market. Lack of product awareness also affects the overall industry and impacts the feed premix market price trend.

Segmentation Analysis

  • The global animal feed premix market is segmented on ingredients such as Vitamins, Amino Acids, Antioxidants, Antibiotics, Minerals, and Others.

  • Among them, the Vitamins segment accounted for the largest market share followed by the minerals segment. Minerals and vitamins have been gaining substantial growth for serving as an essential component in boosting the growth of livestock and in the development of the immune system.

  • The importance of trace minerals such as zinc, manganese, iodine, and selenium for their functional benefits resulted in the steady growth of this segment along with vitamins.

Geographical Analysis

  • Geographically, the global Feed Premix Market is segmented into Asia-Pacific, North America, South America, Europe, and RoW. Among all the regions, the Asia Pacific region is observed to be witnessing a lucrative growth rate.

  • Due to the growing compound animal feed industry. In the Asia Pacific region, China is the principal contributor to Feed Premix Market. Due to changing consumption patterns, increasing awareness levels amongst feed customers, industrialization of the livestock sector, incidences of counterfeit meat, and the ban on antibiotics as growth promoters.

  • Additionally, increasing consumption of poultry & Meat products and a rapidly growing population in India, China, and Japan is giving a push to the growth of the feed premix market. Europe and Africa are expected to increase steadily due to the increasing importance of animal health and wellness in the animal husbandry industry.

Competitive Analysis

  • The global Feed Premix Market products are fragmented with a large number of local and international players. However, InVivo NSA, BIOMIN America Inc, and Cargill, Inc. are the leading suppliers of feed premixes in the world. These three Companies combine hold around 20% of the total market.

FAQ

What is the Feed Premix Market growth?

The market is growing at a CAGR of 5.7%.

What is the  Feed Premix Market size in 2021?

The Market size was valued at USD YY million in 2021.

Who are the key players in Feed Premix Market?

InVivo NSA, BIOMIN America Inc, and Cargill, Inc.

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