Feed Premix Market Trends and Forecast 2025


Posted December 1, 2020 by prashanth9573

Feed Premix Market size was around USD 9.9 Billion in 2020, in terms of revenue. It is expected to witness a CAGR of 3.1% to reach close to USD 11 Billion by the end of 2025.
 
The Global Feed Premix Market is projected to develop at a CAGR of 5.5% from 2020 to 2025. The feed premix is ​​a mixture of certain complex compounds such as minerals, vitamins and amino acids in animal feed to rapidly improve their growth and development in a short period. The food premix contains micro and macro nutrients that are necessary for the development of an animal. However, the micronutrient is the most essential, but it is generally absent in animal feed. Therefore, the need for the production of food premixes arose. Farmers are accelerating the growth of their livestock by feeding on feed premixes, which will increase their income, thus increasing the demand for feed premixes on the world market providing quality feed can enhance the growth of your livestock.

Recent developments:

In April 2019, Provimi Jordan, Cargill's animal nutrition business, launched an animal nutrition premix plant with a production capacity of approximately 65,000 metric tons of premix per year in Jordan to provide premix solutions to farmers and food producers in the Middle East.

In October 2018, DSM opened its second animal health and nutrition premix plant in Jadcherla, India to meet the growing demand for custom-made feed premix solutions in the country.

In October 2017, Archer Daniels Midland Company opens a new food premix plant in Zhangzhou, South China. The plant has an annual production capacity of 30,000 metric tons of feed premixes and 80,000 metric tons of whole and concentrated feed.

Market Drivers and Restrains:

Modernization of livestock operations in developing regions to meet demand increasing demand for animal protein is expected support the growth of food products such as compound feeds, feed additives and feed premixes. The growing demand for quality protein products for livestock is pushing herders to feed their animals high-quality food products to improve productivity and quality of production. Consumers around the world are increasingly aware of the quality of the animal protein products they buy and consume and therefore expect a high level of transparency in the supply chain of farmed products, from the point of view from production to consumption. Clean labeling and blockchain technologies have the potential to increase supply chain transparency for consumers. Therefore, it is essential to improve feed nutrition by adding the necessary amount of vitamins and minerals to achieve a healthy performance of farm animals, which is acting as a major driving factor in the global feed premixes market.

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Market Segmentation:

The global Animal Feed Premix market is segmented on the basis of Livestock into Ruminants, Poultry, Equines, Pets, Aquatic Animals and Swine.

Also, the report covers various types of premixes like antibiotics, vitamins, minerals, amino acids, antioxidants, and others.

For end use, the report will cover the food industry, nutraceuticals, and dietary supplements.

Geographical Segmentation:

The Asia-Pacific region is the largest market for feed premixes due to the increase in the number of aquatic animal and poultry farms in the area. Rising disposable income and growing population size in the region are driving forces that are expected to drive the growth of the global food premix market for the foreseeable period. With the increasing commercialization of animal husbandry in countries such as India and China, the demand for feed premixes is estimated to be increasing. In addition, the rising trend of meat consumption in the Asia-Pacific region has favored the increase in the production of food premixes. North America is the second largest market for the feed prefix market after generating $ 2.41 billion in total market revenue in 2018. The shift to the use of advanced technologies by farmers is a determining factor that is likely to boost the industry during the outlook period. Additionally, the South American region is expected to experience moderate growth during the estimated period, with Brazil as the growth engine for the region. According to FAO, Brazil was home to the largest livestock population in 2017 with a workforce of more than 330 million.

Key market players:

The main players in the global feed premix market are DLG Group, Cargill, ADM, Nutreco N.V. and Koninklijke DSM.

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Scope of the report:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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Contact Email prashan[email protected]
Issued By Market Data Forecast
Phone 18887029626
Business Address Hyderabad
Hyderabad
Country India
Categories Agriculture , Business
Tags Feed Premix , growth , Investment , forecasts
Last Updated December 1, 2020