"Yield Higher Revenue with our Exclusive Insights "

Feed Premix Market Size, Share & Industry Analysis, By Type (Vitamins, Minerals, Amino Acids, and Antibiotics), By Livestock (Poultry, Ruminants, Swine, Aquatic Animals, and Others), and Regional Forecast 2019-2032

Last Updated: September 23, 2024 | Format: PDF | Report ID: FBI101543

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global feed premix market size was valued at USD 8.50 billion in 2018 and is projected to reach USD 21.92 billion by 2032, exhibiting a CAGR of 6.99% during the forecast period based on our analysis in the existing report. North America dominated the feed premix market with a market share of 28.35% in 2018.


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 commercial feed, feed additives, and 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.


Request a Free sample to learn more about this report.


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.


MARKET DRIVERS


“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. The 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 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.


SEGMENTATION


By Type Analysis


“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 know how our report can help streamline your business, 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.


By Livestock Analysis


“Poultry & Swine Segments Are Anticipated to Exhibit a Significant CAGR During the Forecast Period.”


On the basis of livestock, the 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 consumers. This segment is expected to be one of the fast-growing segments 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 a few of the pointers which aid in the feed premix market trends throughout the forecast period.


REGIONAL ANALYSIS


The North American 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 market growth.  


North America Feed Premix Market Size, 2018

To get more information on the regional analysis of this market, Request a Free sample


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 are projected to support the growth of livestock farming which in turn is anticipated to support the compound feed and feed premix market share. The growing commercialization of livestock farming in countries such as India and China is projected to demand increased feed premix products.


INDUSTRY KEY PLAYERS


“Top 4 Market Players Account for more than 50% Share in 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.


List of key Companies Profiled



  • The Archer Daniels Midland Company

  • Koninklijke DSM N.V.

  • Nutreco N.V.

  • Cargill, Incorporated (Provimi)

  • Purina Animal Nutrition LLC

  • Kemin Industries

  • Land O’lakes, Inc.

  • De Heus Animal Nutrition

  • Alltech, Inc.

  • Zinpro Corporation

  • Novus International, Inc.

  • Lexington Enterprises Pte. Ltd.


REPORT COVERAGE


An Infographic Representation of Feed Premix Market

To get information on various segments, share your queries with us



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 quantities 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.


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.


Report Scope & Segmentation








































 ATTRIBUTE



 DETAILS



Study Period



  2015-2026



Base Year



  2018



Forecast Period



  2019-2026



Historical Period



  2015-2017



Unit



  Value (USD Billion)



Segmentation



By Type



  • Vitamins

  • Minerals

  • Amino Acids

  • Antibiotics



By Livestock



  • Poultry

  • Ruminants

  • Swine

  • Aquatic Animals

  • Others



By Region



  • North America

  • Europe

  • Asia Pacific

  • South America

  • Middle East & Africa



INDUSTRY DEVELOPMENTS



  • April 2019: Cargill’s animal nutrition business, Provimi Jordan, inaugurated an animal nutrition premix plant having a production capacity of approximately 65,000 metric tons of premix per year in Jordan to provide premix solutions to farmers and feed producers in the Middle East.

  • October 2018: DSM opened its second Animal Nutrition & Health premix plant in Jadcherla, India to meet the growing demand for tailor-made feed premix solutions in the country.

  • October 2017: Archer Daniels Midland Company opened a new feed premix plant in Zhangzhou, South China. The mill has an annual production capacity of 30,000 metric tons of feed premixes and 80,000 metric tons of complete feed and concentrates.





Frequently Asked Questions

Fortune Business Insights says that the 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 market is projected to grow at a CAGR of 7.75% during the forecast period (2019-2026).

The Vitamin premix segment is projected to be the leading segment in the 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 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.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts
Speak to an Expert
  • REPORT UPDATE
    IN PROCESS
  • 2019-2032
    (In Process)
  • 2023
    (In Process)
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“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

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X