Feed Premix Market by Ingredient Type (Vitamins, Minerals, Amino Acids, Antibiotics, Antioxidants, and Others), Livestock (Poultry, Ruminants, Swine, Aquatic Animals, Others): Global Market Size Estimates and Forecast (2022–2030)

Code: BMIRE00025919 | Pages: 100 | Industry: Food and Beverages | Date: Sep 2022 | Type: Global

The market crossed US$ 24.3 billion mark in 2022 and is expected to hit US$ 41.85 billion by 2030, recording a CAGR of 6.2% during the forecast period.

Feed premix market has been significantly growing due to increased demand for livestock-based products.

Increased consumption and demand for livestock related products such as eggs, meat, and dairy products. This is expected to drive the demand for feed additives for development and growth of animals. As per information published by FAO, the pork meat production reached 118.7 million tons whereas poultry meat reached 120.5 million tons as of 2017; the meat production across the world is expected to increase by 16% by 2025. The meat consumption across the world has been increasing due to its role in overall physical & mental development and growth, being a rich source of protein, and highly nutritious food with essential nutrients such as omega-3. The growing demand for products sourced from animals such as milk, eggs, and meat is also expected to drive the market further.

Within the report, the market is segmented into ingredient type, livestock, and geography. By ingredient type, the market is further segmented into vitamins, minerals, amino acids, antibiotics, antioxidants, and others. On the basis of livestock, the market is bifurcated into poultry, ruminants, swine, aquatic animals, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Feed premix market growth propelled by demand for balanced feed products.

Animal feed containing multiple types of nutritional feed additives may be referred to as feed premixes. The feed premix also consists of diluent or carrier in a specific ratio including vitamin premix, trace mineral premix, and complex premix feed. The premix feed consists of antibiotic, amino acids, minerals, and vitamin additives. Premixes aid the additives to be properly homogenized in the feed and helps improve the distribution of additives as well as enhances the accuracy of mixing.  

Rising consumption of poultry meat in various regions is one of the major factors accelerating the poultry segment growth.

The poultry segment consists of production in four major areas – breeders, pullets, eggs, and broiler. Increased demand for poultry meat in Asia Pacific and Middle East & Africa has made poultry industry evolve at a high pace. Middle East & Africa as well as India have low consumption rates of porcine and bovine meat respectively, due to religious beliefs. Additionally, the meat is economical compared to several other conventional meat sources such as lamb meat. Therefore, poultry is the most traded meat across the globe. Thus, the growth of poultry segment is expected to drive the demand for the same over the forecast period.

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Recent strategic developments in feed premix market

The feed premix market has undergone several significant developments, and a few of these have been mentioned below:

  • In 2021, Cargill, Incorporated inaugurated a large-scale animal nutrition and premix facility in the US. The company made an investment of US$ 50 million for the same. The facility boasts advanced technologies spread across 220,000 square feet.
  • In 2021, Golden Farm Production & Commerce Company Limited, a Vietnamese feed premix manufacturer was acquired by ADM. The acquisition led to the expansion into a developing market in Vietnam as well as strengthened the company’s commercial as well as industrial coverage.

The feed premix market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. ADM; Cargill, Incorporated; DSM; Land O'Lakes, Inc.; and Nutreco Holding N.V. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Meat Processors
  • Food Processing Companies
  • Packaged Food Manufacturers
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Breeding Companies
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Ingredient Type:
    • Vitamins
    • Minerals
    • Amino Acids
    • Antibiotics
    • Antioxidants
    • Others
  • Livestock:
    • Poultry
    • Ruminants
    • Swine
    • Aquatic Animals
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • ADM
    • Cargill, Incorporated
    • DSM
    • Land O'Lakes, Inc.
    • Nutreco Holding N.V.
  • ADM
  • Cargill, Incorporated
  • DSM
  • Land O'Lakes, Inc.
  • Nutreco Holding N.V.
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