Poultry Feed Premix Market  will project a compound annual growth rate (CAGR) of 7.00%, Size, Segments, Regional Outlook, Industry Trends and Forecast to 2029

Data Bridge Market Research analyses that the poultry feed premix market will project a compound annual growth rate (CAGR) of 7.00% during the forecast period of 2022-2029. Growing livestock population especially in the developing economies, increasing focus on the latest trends in the market, growing application of advanced and modern agricultural and farming practices, high growth in emerging countries coupled with high adoption of innovative technologies, surging prevalence of diseases in animals and increasing industry competitiveness are the major factors attributable to the growth of poultry feed premix market.

Poultry feed premix refers to the poultry feed that is mixture of ingredients rich in vitamins, trace minerals, medicaments, feed supplements and diluents. The poultry feed premix improves the animal and livestock health and therefore is regarded as a value added solution for feeds with sustainable safety and quality.

Growing awareness about the importance of maintaining animal and livestock health, increase in the awareness about the benefits of poultry feed premixes, rising demand for animal based products among population, and increasing consumption rate of white meat instead of red meat in the international market will emerge as the major factors fostering the growth of the market. Also, surging concerns regarding food safety, shift in consumption pattern due to fast pace in lifestyle, growing rate of industrialization and rising expenditure for research and development proficiencies in regards to new product launches are other important factors fostering the growth of the market. High demand for meat and meat related products in the due to their appealing taste and rich nutritional value, increase in demand for healthy as well as organic  food and increase in awareness about protein intake in daily diet of individual will further create lucrative and remunerative growth opportunities for the market.

However, allergy to poultry food to a certain section of population is a major factor that will pose a major challenge to the growth of the market. Also, high costs of the raw materials, dearth of awareness, increasing cost of operations and required infrastructure facilities in the underdeveloped economies will further slowdown the market growth rate. Also, supply chain disruptions and growing prevalence of poultry diseases such as avian flu would hamper the market growth rate.

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Global Poultry Feed Premix Market Scope and Market Size

The global poultry feed premix market is segmented on the basis of ingredient, type, form, distribution channel and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of ingredient, the poultry feed premix market is segmented into cereal, oilseed meal, oil, molasses, fish oil and fish meal, supplements and other.
On the basis of type, the poultry feed premix market is segmented into minerals, antibiotics, vitamins, amino acids and others.
Based on the form, the poultry feed premix market is segmented into dry and liquid.
Based on distribution channel, the poultry feed premix market is segmented into indirect and direct.

The poultry feed premix market is also segmented on the basis of end-user. The end-user segment is segmented into food industry, nutraceuticals and dietary supplements.

Major Players:

Some of the major players operating in the poultry feed premix market are Cargill, Incorporated, ADM, Charoen Pokphand Foods PCL., Land O'Lakes Inc, ForFarmers, Alltech., Feedone Co., Ltd., J. D. HEISKELL & CO, Kent Nutrition Group, Purina Animal Nutrition LLC., Ballance Agri-Nutrients Ltd., D.A. International Group., DE HEUS., Elanco., BASF SE, Kemin Industries, Inc, Adisseo, DuPont, Dow, DSM and ADDCON GmbH among others.

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About Data Bridge Market Research (DBMR):

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This release was published on openPR.