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

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.

Moreover, the feed premix market in the U.S. is projected to grow significantly, reaching an estimated value of USD 5.46 billion by 2032, driven by the rising demand for high-quality animal nutrition, advancements in livestock farming practices, and the growing emphasis on feed efficiency and animal health.

According to the industry statistics, the global animal feed production (in terms of volume) witnessed a CAGR of 2.81% from 2013 to 2018, with major increments 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 a balanced diet is the key factor that has supported the growth of commercial feed, feed additives, and markets in recent years.

Premix feed 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. 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 rapidly over the forecast period due to increased demand for balanced feed products, including macronutrients and micronutrients. Technological advancements in feeding practices, a changing regulatory environment, and various benefits associated with the use of feed premixes are creating demand in the feed market.

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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.

Feed Premix MARKET Growth Factors

“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) from 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. 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.

Feed Premix SEGMENTATION Analysis

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.

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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.”

The market can be segmented by livestock into ruminants, poultry, swine, aquatic animals, and others (including companion animals/birds). The demand for feed premix for poultry livestock worldwide is rising due to the increasing demand for chicken and turkey from consumers. This segment is expected to be one of the fastest-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 market during the forecast period. The rapid adoption of efficient and technologically advanced farm management practices by livestock farmers in this region will continue to drive market growth.  

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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”

Some of the key companies dominate this market 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 Top Feed Premix Companies

• 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

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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. Various key insights provided in the report include an 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

KEY INDUSTRY DEVELOPMENTS

• November 2024: ADM's innovative plant-based concepts won two awards at FoodBev's 2024 Plant-Based Taste Awards, highlighting the company's leadership in alternative protein solutions.


• May 2023: DSM and Firmenich merged to form DSM-Firmenich, creating a global leader in health, nutrition, and bioscience. This strategic move combines DSM's scientific expertise with Firmenich's fragrance and taste capabilities.


• April 2024: Nutreco announced a new approach to sustainability reporting and emissions reduction, investing €10 million annually in a dedicated Capex fund to support long-term environmental initiatives.


• June 2024: Nutreco hosted the 15th edition of AquaVision, bringing together industry leaders to discuss sustainable aquaculture practices and innovations.


• August 2024: Cargill reported $160 billion in revenues for fiscal year 2024, emphasizing its commitment to sustainable growth and innovation in the food system.