Feed Premix Market Size, Share, Trends and Forecast 2022-27
The latest research study by IMARC Group, “Feed Premix Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global feed premix market trends. The market reached US$ 18.32 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 25.49 Billion by 2027, exhibiting a growth rate (CAGR) of 5.50% during 2022-2027.
A feed premix represents a mixture of vitamins, trace minerals, medicaments, diluents, etc., that improve the nutritional content of the feed. It is usually prepared by selecting raw materials and formulation, packaging, labeling, weighing, mixing, and storing the finished premix. Feed premix provides high components to the feed to ensure balanced and value-added ingredients. It aids in optimizing diet compositions and enhances modern poultry production. In line with this, feed premix assists in improving the crucial body functions of animals, including performance, growth, fertility, immunity, etc. It offers various benefits, such as strengthening muscle function, maintaining the acid-base balance and osmotic pressure, controlling cell replication and differentiation, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Feed Premix Market Trends and Drivers:
The escalating demand for livestock-based products is among the key factors stimulating the feed premix market. Apart from this, the inflating need for compound feeds to offer nutrients to animals according to their physiological needs and growth stages is also positively influencing the global market. Furthermore, the growing consumer concerns towards animal wellness and health and continuous technological advancements in the production of feed premixes are acting as significant growth-inducing factors. Besides this, the widespread adoption of high-value animal proteins and declining feed conversion rates are propelling the global market. Moreover, the increasing utilization of environmentally safe and chemical-residue-free meat and milk items is further augmenting the market growth. Additionally, the rising investments by key market players in R&D activities to introduce safe and nutrient-dense animal feed for improving quality and safety while maintaining cost-effectiveness are expected to fuel the 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.
Alltech, 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 (2016-2021)
- Market Outlook (2022- 2027)
- 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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