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Feed Premix Market is Expected to Reach $32.9 billion by 2026

04-15-2021 08:48 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Markets and Markets

The Feed Premix Market size is estimated to be valued at USD 24.3 billion in 2021 and is projected to reach a value of USD 32.9 billion by 2026, growing at a CAGR of 6.2% during the forecast period. The growth of this market is attributed to increasing awareness about feed quality, and the implementation of innovative animal husbandry practices to improve meat quality are the important drivers for the growth of the feed premix market.

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Amino acids, by batter type, is estimated to hold the largest market share during the forecast period

The market for feed premix, by ingredient type, has been segmented into vitamins, minerals, amino acids, antibiotics. antioxidants, others.

The consumption of amino acid feed premixes remains high globally. Asia Pacific continues to be the high-growth market for these premixes. Key markets such as China and India also benefit from the increase in domestic production of amino acids, particularly lysine, as they are available at lower costs.

The dry segment, by form, is estimated to hold the largest share in the feed premix during the forecast period

The dry form in the feed premix market is preferred by manufacturers due to its enhanced stability, ease of handling and storage, and convenience of usage in a wide range of products.

In 2020, the Asia Pacific region held the largest share in the dry segment in the market due to the increase in demand for feed premixes in the feed industry and the growing trend of food fortification in countries such as India and China.

Poultry, by livestock, is estimated to account for the largest market share during the forecast period

On the global level, the total poultry production has been increasing, and with the growth in poultry production and consumption, it has become important for meat producers to focus more on the quality of meat. These factors are projected to drive the growth of the feed premix industry to provide a complete nutritional feed for poultry. Feed premixes, such as vitamins, minerals, and amino acids, are some of the major premixes used in poultry feed products for improved quality and production.

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Asia pacific is estimated to hold the largest market share during the forecast period

Asia Pacific is projected to be the largest and fastest-growing segment. Increased awareness among consumers about quality meat and increased meat consumption across the region is expected to provide more scope for market expansion. Livestock is an important constituent of agriculture in the Asia Pacific region. The region widely rears and consumes pork and poultry. With the rising demand for animal products, increased livestock productivity is necessary. Quality feed is the primary determinant of the performance and productivity of livestock.

Leading companies are Koninklijke DSM N.V. (Netherlands), Nutreco N.V. (Netherlands), Cargill (US), Archer Daniels Midland Company (ADM) (US), BEC Feed Solutions (Australia), DLG Group (Denmark), Charoen Pokphand Foods PCL (Thailand), Land O’Lakes (US), AB Agri Ltd. (UK).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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