Feed premix is a mixture of vitamins, trace minerals, medicaments, feed supplements, and diluents. It is a value-added solution for feeds with sustainable safety and quality. The feed premixes industry is charged with manufacturing high-quality premixes consistently, efficiently, and economically. Feed premixes are designed to provide a balanced contribution to the animal’s needs. They are adapted to each state of age and development of animals.
In its latest publication on the feed premixes market, Meticulous Research states that the market will grow at a CAGR of 3.7% from 2021 to 2028 to reach $12.2 billion by 2028.
The growth of this market is backed by the feed premixes’ use as a single ingredient over multiple ingredients, increasing demand for compound animal feed, and increased awareness regarding the safety of meat products. The strong demand for feed premixes in developing countries provides significant growth opportunities for feed premix manufacturers.
To provide efficient analysis, Meticulous Research® has segmented this market based on type (combination premixes, vitamin premixes, mineral premixes, amino acids premixes, nucleotide premixes, fiber premixes, nutraceutical premixes, and other premixes), form (powder and liquid), application (poultry feed, ruminant feed, swine feed, aquafeed, and other feed applications), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa).
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Based on type, the feed premixes market is segmented into combination premixes, vitamin premixes, mineral premixes, amino acids premixes, nucleotide premixes, fiber premixes, nutraceutical premixes, and other premixes. The combination premixes segment is estimated to account for the largest share of the feed premixes market in 2021. The large share of this segment is mainly attributed to the rising consumption of compound feed, growing demand for vitamin and mineral-enriched foods, and increasing awareness regarding pet nutrition. However, it is also expected to witness significant growth, as it is a cost-effective solution, supplying multiple nutrients to animals.
Scope of the Report
Feed Premix Market, by Type
- Combination Premixes
- Vitamin Premixes
- Mineral Premixes
- Amino Acid Premixes
- Nucleotide Premixes
- Fiber Premixes
- Nutraceutical Premixes
- Other Premixes
Feed Premix Market, by Form
Feed Premix Market, by Application
- Poultry Feed
- Ruminant Feed
- Swine Feed
- Aqua Feed
- Other Animal Feed
Feed Premix Market, by Geography
- South Korea
- Rest of Asia-Pacific (RoAPAC)
- North America
- Rest of Europe (RoE)
- Latin America
- Rest of Latin America (RoLATAM)
- Middle East & Africa
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Based on form, the feed premixes market is segmented into powder and liquid. The powder segment is estimated to account for the largest share of the feed premixes market in 2021. The large share of this segment is mainly attributed to its advantages over liquid forms, such as better homogeneity, ease of handling, simple transport economics, and better stability of a premix. The powder segment is also expected to grow at the highest CAGR during the forecast period.
Based on application, the feed premixes market is segmented into poultry feed, ruminant feed, swine feed, aquafeed, and other feed applications. The poultry feed segment is estimated to account for the largest share of the feed premixes market in 2021. The large share of this segment is mainly attributed to the large demand for poultry feed due to rising poultry meat consumption and poultry farming, especially in developing regions, such as Asia-Pacific and South America. However, the aquafeed segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the growing focus on balanced commercial diets that promote optimal fish growth and health, increasing global demand for fish and fish products, and rising growth of the aquaculture industry.
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Geographically, the Asia-Pacific region is estimated to account for the largest share of the feed premixes market in 2021. The large share of this region is primarily attributed to the growing compound animal feed industry, growing economy, increasing demand for pet food supplementation in emerging and developing countries including India, China, Indonesia, and Thailand, and rising investments from major players in the region. However, China is expected to dominate the Asia-Pacific market through 2028, mainly due to the changing consumption pattern, increasing awareness level amongst feed customers, industrialization of the livestock sector, incidences of counterfeit meat and other products, and the ban on antibiotics as growth promoters.
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence for some of the key players operating in this market, including Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Nutreco N.V. (Netherlands), InVivo Group (France), Jubilant Pharmova Limited (India), Koninklijke Coöperatie Agrifirm U.A. (Netherlands), Dansk Landbrugs Grovvareselskab a.m.b.a. (Denmark), Phibro Animal Health Corporation (U.S.), Purina Animal Nutrition LLC (U.S.), Burkmann Industries Inc. (U.S.), Danish Agro a.m.b.a. (Denmark), and De Heus Voeders B.V. (Netherlands).
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