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What Is The Projected Growth of The Global Feed Premix Market?
The feed premix market size has grown rapidly in recent years, increasing from $24.05 billion in 2024 to an expected $26.71 billion in 2025, at a robust compound annual growth rate (CAGR) of 11.1%. This considerable growth in the historic period can be largely attributed to increased nutritional awareness, livestock health concerns, government regulations, and global population growth. Furthermore, the feed premix market is projected to witness a substantial growth in the coming years, predicted to expand to a sizable $40.06 billion in 2029 at a steady compound annual growth rate (CAGR) of 10.7%. The forecasted growth can be attributed to rapid urbanization, disease prevention measures, sustainable farming practices, and research and development advancements. Major trends influencing this growth entail personalized nutrition, clean label products, digitalization in agriculture, alternative protein sources, and climate-resilient formulations.
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What Are the Key Drivers Fueling the Growth of The Feed Premix Market?
The augmented demand and consumption of livestock-based products such as meat, dairy, and eggs are key growth drivers for the feed premix market. Utilizing feed premix in the diet of livestock enhances their nutritional intake and promotes better yield of livestock-based products. A surge in the consumption of dairy and meat products is facilitating higher sales of livestock products, driving the demand for feed premix. According to a May 2024 report by The United States Department of Agriculture, total red meat and poultry production is projected to increase by 0.84% in 2024. Likewise, beef production will rise by 130 million pounds to 26.455 billion pounds in late 2024, prompting increased demand for feed premix.
How is the Feed Premix Market Segmented?
The feed premix market covered in this report is segmented as follows:
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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Who Are The Major Players in The Feed Premix Market?
Key companies operating in the feed premix market include 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.
What Are The Emerging Trends in The Feed Premix Market?
Many companies in the feed premix market are leveraging innovative formulations and advanced nutritional technologies to enhance animal health and performance in order to meet the rising demand for high-quality feed solutions across various livestock sectors. Such innovations include advanced Bühler Technologies and a barcoding control system, enhancing production efficiency and traceability while ensuring high standards of food safety, quality, and environmental sustainability. An instance of this innovation is the new premix and additives manufacturing plant launched in Sadat City, Egypt in September 2024 by Koninklijke DSM N.V.
Which Are The Fastest Growing Regions in The Feed Premix Market?
Asia-Pacific was the largest region in the feed premix market in 2024, with North America 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, and Africa.
What Does The Feed Premix Market Report 2025 Offer?
The feed premix market refers to a mix of one or more feed additives incorporated into the diet of livestock and not meant for direct consumption. The market constitutes vitamins, trace minerals, medicaments, feed supplements, and diluents. The Feed Premix Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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