The feed premix market size is expected to see rapid growth in the next few years. It will grow to $36.68 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to urbanization, disease prevention, sustainable practices, research and development. Major trends in the forecast period include personalized nutrition, clean label products, digitalization in agriculture, alternative protein sources, climate-resilient formulations.
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Scope Of Feed Premix Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The increase in the demand and consumption of livestock-based products is expected to propel the growth of the feed premix market. Livestock-based products comprise eggs, dairy products, and meat products. Adding feed premix to the livestock’s diet helps in providing sufficient vitamins and minerals and enhances nutrition and better production of livestock-based products such as milk. An increase in the adoption and consumption of dairy and meat products is increasing the sales of livestock-based products which is driving the demand for feed premix. For instance, in August 2022, according to the United States Department of Agriculture (USDA), a US-based federal executive department, milk production in the 24 major states during July totaled 18.3 billion pounds, up 0.3% from July 2021. June revised production, at 18.1 billion pounds, was up slightly from June 2021. Therefore, the increase in the demand and consumption of livestock-based products is expected to propel the growth of the feed premix market.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The feed premix market covered in this report is segmented –
1) By Type: Amino Acids, Antioxidants, Antibiotics, Vitamins, Minerals, Other Types
2) By Form: Dry, Liquid
3) By Livestock: Ruminants, Swine, Aquatic Animals, Poultry, Pets
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Regional Insights –
Asia-Pacific was the largest region in the feed premix market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the feed premix market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the feed premix market report are Advanced Animal Nutrition Pvt. Ltd., Archer Daniels Midland Company, BASF SE, BEC Feed Solutions PTY Ltd., Cargill Inc., Nutreco N. V., DLG Group, Charoen Pokphand Foods Public Company Limited, Alltech, Koninklijke DSM N. V., Land O’Lakes Inc., AB Agri Ltd., De Heus Beheer B. V., ForFarmers NV, Lallemand Animal Nutrition Inc., Biomin Holding GmbH, Vilofoss A/S, Kemin Industries Inc., Novus International Inc., Trouw Nutrition International B. V., Adisseo France SAS, Evonik Industries AG, Phibro Animal Health Corporation, Pancosma SA, Nutriad International NV, Huvepharma AD, Anpario plc, NutriQuest LLC, DuPont de Nemours Inc., J. D. Heiskell & Company Inc.
Table of Contents
1. Executive Summary
2. Feed Premix Market Report Structure
3. Feed Premix Market Trends And Strategies
4. Feed Premix Market – Macro Economic Scenario
5. Feed Premix Market Size And Growth
…..
27. Feed Premix Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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