The latest research study by IMARC Group, “Feed Premix Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” offers
The latest research study by IMARC Group, “Feed Premix Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” offers a comprehensive analysis of the industry, which comprises insights on global feed premix market trends. The market reached US$ 19.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
Feed premix refers to a mixture of two or more varieties of nutritional additives containing vitamins, trace minerals, medicaments, and diluents. It is available in dry and liquid variants. Feed premix products are prepared by selecting raw materials that offer a powerful component to the feed to ensure balanced meals for animals. They help optimize diet compositions and enhance modern poultry production. Feed premix items even assist in improving the crucial body functions of animals, which include fertility, growth, performance, and immunity, and maintaining the osmotic pressure and acid-base balance. Consequently, they find extensive utilization in cattle feeding and livestock rearing across the globe.
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Feed Premix Market Trends and Drivers:
The rising demand for livestock-based products to provide several micronutrients to animals is among the key factors driving the global feed premix market. In addition to this, the increasing technological advancements in the production of feed premixes and the inflating investments by leading market players in research and development (R&D) activities for introducing nutrient-dense animal feed while maintaining cost-effectiveness are acting as significant growth-inducing factors. Furthermore, the expanding popularity of compound feeds that offer essential nutrients to animals according to diverse physiological requirements and growth stages is also positively influencing the market growth. Besides this, the elevating concerns about animal health and wellness and the emerging trend of declining feed conversion rates are further stimulating the global market. Moreover, the growing need for chemical-residue-free milk and meat products and escalating transparency in the supply chain of animal proteins are expected to bolster the global feed premix market over the forecasted period.
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Feed Premix Market Report Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 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).
The report has been segmented the market into following categories:
Breakup by Ingredient Type:
- Amino Acids
Breakup by Form:
Breakup by Livestock:
- Aquatic Animals
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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