Global Feed Premix Market Share 2024, Forecast To 2033
20 Feb, 2024
The feed premix market has witnessed rapid growth, surging from $21.7 billion in 2023 to $24.25 billion in 2024, boasting an 11.8% CAGR. Historic growth is attributed to heightened nutritional awareness and population growth. The forecast anticipates rapid growth, reaching $36.68 billion in 2028, with trends such as personalized nutrition, clean label products, and digitalization in agriculture dominating the landscape.
Global Feed Premix Market Key Driver
The rise in demand for livestock-based products is stimulating the feed premix market. Livestock products, including eggs and dairy, witness increased demand. Adding feed premix to the diet enhances nutrition for livestock, resulting in better product production. The United States Department of Agriculture reports a 0.3% increase in milk production in July 2022. With a growing demand for livestock-based products, the feed premix market experiences a significant boost in growth.
Get A Free Sample Of The Global Feed Premix Market ReportGlobal Feed Premix Market Segments
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
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacificwas 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
Major Feed Premix Industry Players
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.
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Feed Premix Market Overview
Feed premix refers to a mixture of one or more feed additives that are included in the diet of livestock animals and are not intended for direct consumption. Premix includes vitamins, trace minerals, medicaments, feed supplements, and diluents as its constituents. It's a value-added solution for feeds with long-term quality and safety.
Feed Premix Global Market Report 2023 provides data on the global feed premix market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The feed premix market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.