Feed Premix Market Trends, Share Analysis, Industry Growth, Sales Statistics, Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled "Feed Premix Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The study provides a detailed analysis of the industry, including the global feed premix market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the Feed Premix Market?

The global feed premix market reached US$ 19.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.

What are Feed premix?

Feed premix refers to a mixture of two or more varieties of nutritional additives containing vitamins, trace minerals, medicaments, and diluents. It is available in dry and liquid variants. Feed premix products are prepared by selecting raw materials that offer a powerful component to the feed to ensure balanced meals for animals. They help optimize diet compositions and enhance modern poultry production. Feed premix items even assist in improving the crucial body functions of animals, which include fertility, growth, performance, and immunity, and maintaining the osmotic pressure and acid-base balance. Consequently, they find extensive utilization in cattle feeding and livestock rearing across the globe.

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What are the growth prospects and trends in the
Feed premix industry?

The rising demand for livestock-based products to provide several micronutrients to animals is among the key factors driving the global feed premix market. In addition to this, the increasing technological advancements in the production of feed premixes and the inflating investments by leading market players in research and development (R&D) activities for introducing nutrient-dense animal feed while maintaining cost-effectiveness are acting as significant growth-inducing factors. Furthermore, the expanding popularity of compound feeds that offer essential nutrients to animals according to diverse physiological requirements and growth stages is also positively influencing the market growth. Besides this, the elevating concerns about animal health and wellness and the emerging trend of declining feed conversion rates are further stimulating the global market. Moreover, the growing need for chemical-residue-free milk and meat products and escalating transparency in the supply chain of animal proteins are expected to bolster the global feed premix market over the forecasted period.

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Who are the key players operating in the industry?

• Alltech
• Archer-Daniels-Midland Company
• Associated British Foods plc
• Avitech Nutrition Pvt. Ltd
• Cargill Incorporated
• Charoen Pokphand Foods PCL
• Dansk Landbrugs Grovvareselskab A.M.B.A.
• De Heus Animal Nutrition B.V.
• Kemin Industries Inc.
• Koninklijke DSM N.V.
• Lexington Enterprises Pte. Ltd.
• Novus International Inc. and Nutreco N.V. (SHV Holdings).

What is included in market segmentation?

Breakup by Ingredient Type:
• Amino Acids
• Vitamins
• Minerals
• Antibiotics
• Antioxidants
• Others

Breakup by Form:

• Dry
• Liquid

Breakup by Livestock:

• Poultry
• Ruminants
• Swine
• Aquatic Animals
• Equine
• Pets

By Geography:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.