"Yield Higher Revenue with our Exclusive Insights "
The global feed premix market size valued at USD 8.50 billion in 2018 and is projected to reach USD 15.35 billion by 2026, exhibiting a CAGR of 7.75% during the forecast period.
According to the industry statistics, the global animal feed production (in terms of volume) witnessed a CAGR of 2.81% during the period of 2013 to 2018 with major increment impending from developing nations. Livestock animals’ nutrition requirements and feeding practices have seen a dramatic change in recent decades in line with the commercialization of livestock farming activities. Increased awareness among livestock farmers about the benefits of feeding livestock with a balanced diet is the key factor that supported the growth of the commercial feed, feed additives, and the markets in recent years.
The premix feed is referred to as the feed that is mainly composed of two or more kinds (varieties) of nutritional feed additives mixed with a carrier or diluent in a certain proportion, including complex premix, trace mineral premix, and vitamin premix feed. The premix feed consists of vitamins, minerals, amino acids, and antibiotic additives. Feed premix improves the accuracy of mixing and distribution of these additives throughout the feed to ensure proper homogenization of the feed additives in the final feed.
The global animal feed premix market is projected to grow at a rapid pace over the forecast period due to increased demand for balanced feed products including macronutrients and micronutrients. Technological advancements in feeding practices, changing regulatory environment, and various benefits associated with the use of feed premixes are creating demand in the feed market.
Get comprehensive study about this report by, request a free sample copy
The major determinants of demand for feed materials are the demand for livestock products and the commercialization of livestock farms. According to the Food and Agriculture Organization (FAO), global milk production is projected to increase by 22% during the medium-term forecast period (2018 to 2027). Commercialization of livestock farming is leading to a shift in technology towards more intensive feeding and the same in turn, has a significant impact on the pattern of feed usage and demand for increased feed materials and components.
“Growing Demand for Commercial Feed Products in Livestock Farming”
According to the International Feed Industry Federation (IFIF) estimates, the global production of compound feed hovers around one billion tonnes annually and commercial feed manufacturing generates around USD 400 billion revenue per annum. Among the regions, Europe and Africa witnessed a CAGR of 5% (in terms of volume) during the period of 2012 to 2017. Modernization of livestock farms in developing regions to meet the growing demand for animal protein is projected to support the growth of commercial feed products, such as compound feed, feed additives, and feed premix.
“Increasing Transparency in the Supply Chain of Animal Proteins”
Increased demand for quality livestock protein products (milk, meat, etc.) is pressurizing livestock farmers to feed their animals with superior-quality feed products to enhance productivity and quality of the output. Consumers across the world are becoming more conscious about the quality of the animal protein products they purchase and consume and hence, they expect a high level of transparency in the supply chain of livestock products from the point of production to consumption. Clean labeling and blockchain technologies are likely to increase the transparency of the supply chain to the consumers. Hence, it is essential to enhance feed nutrition by adding the required amount of vitamins and minerals to achieve a healthy performance of livestock animals.
“Vitamin Feed Premix to Dominate the Market”
"On the basis of type, the global feed premix market can be segmented into vitamins, minerals, amino acids, and antibiotics"
The vitamin premix is projected to hold the largest share in terms of value throughout the forecast period, owing to the increase in the demand for vitamin fortified feed from the rising number of commercial livestock farms. Vitamin premixes sub-segment is expected to exhibit significant growth in the global market as it is one of the major components to boost the growth of the livestock and it also helps in improving the immune system of the animals.
To get details on market share, speak to analyst
Mineral and amino acid feed premixes formulations also play a vital role in supplying the required nutrition to the livestock animals. Lack of vitamins and minerals in the diet causes health and psychological disorders and it also leads to a decrease in productivity.
“Poultry & Swine Segments Are Anticipated to Exhibit a Significant CAGR During the Forecast Period.”
On the basis of livestock, the feed premix market can be segmented into ruminants, poultry, swine, aquatic animals, and others (including companion animals/birds). The demand for feed premix by poultry livestock across the globe is rising due to the increasing demand for chicken and turkey from the consumers. This segment is expected to be one of the fast-growing segment in the global market.
Followed by the poultry segment, the ruminants segment is expected to hold the second-largest share owing to the increased supplementation of vitamins and minerals with the commercial feed products. These are few of the pointers which aid in the feed premix market growth throughout the forecast period.
The North America market was valued at USD 2.41 Billion in 2018 and is projected to remain the second dominant in the global market during the forecast period. The rapid adoption of efficient and technologically advanced farm management practices by the livestock farmers in this region would continue to drive the market growth.
North America Feed Premix Market Size, 2018
To get geographical overview of this market, request a free sample copy
Asia Pacific is the largest market for feed premix products due to the increasing number of poultry and aquatic animal farms in the region. The large population in the region and increasing demand for animal protein is projected to support the growth of livestock farming which in turn is anticipated to support the compound feed and feed premix market share. Growing commercialization of livestock farming in countries such as India and China is projected to demand increased feed premix products.
“Top 4 Market Players Account for more than 50% Share in Feed Premix Market”
This market is dominated by some of the key companies due to their strong product portfolio, key strategic decisions, and dominance of market share. Koninklijke DSM N.V., Nutreco, and Cargill (Provimi) have emerged as leading players in the feed premix industry. The key companies in the industry are investing in R&D to launch new products and to meet the growing requirement for feed premix from the ever-expanding commercial livestock farming. Large companies in the industry are majorly focusing on R&D and product innovation and are establishing premix manufacturing plants to meet the growing demand from local markets in various regions and countries.
Feed premix is a mix of various complex components such as minerals, vitamins, amino acids, and antibiotics. Two or more of these compounds should be present in the feed in order to form a feed premix. These feed premixes give animals the necessary nutrients for their nourishment. The micronutrients are required in small quantity by the body such as minerals, vitamins, and amino acids. Since the micronutrients are not present in the animal feed, consumers have started the incorporation of feed premix in the animal feed. The report provides qualitative and quantitative insights on the feed premix industry and a detailed analysis of market size and growth rate for all possible segments in the market.
To get information on various segments, share your queries with us
Along with this, the feed premix market report provides an elaborative analysis of the market dynamics and competitive landscape of the market. Various key insights provided in the report are the overview of the animal feed industry, health benefits of feed premix, technological advancements, a regulatory scenario in key countries, key strategies adopted by market leaders, competitive landscape, and company profiles.
Value (USD Billion)
Fortune Business Insights says that the feed premix market size was valued at USD 8.50 billion in 2018 and is projected to reach USD 15.35 Billion by 2026.
In 2018, the market size was valued at USD 8.50 Billion.
The feed premix market is projected to grow at a CAGR of 7.75% during the forecast period (2019-2026).
Vitamin premix segment is projected to be the leading segment in the feed premix market during the forecast period.
Increasing awareness among livestock farmers about the benefits of feeding livestock with a balanced diet (commercially manufactured) is the key factor that will drive the growth of the feed premix market.
Koninklijke DSM N.V., Nutreco, and Cargill (Provimi) are the key active players in the market.
Asia Pacific is expected to hold the highest market share in the market.
Poultry feed premix accounts for a large market share followed by ruminants and swine in the feed premix.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm