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Global Feed Premix Market 2023 Future Outlook, Growth Rate, Latest Trends And Forecast To 2032 | Major Players Are Advanced Animal Nutrition Pty Ltd., Archer Daniels Midland Company, BASF SE, BEC Feed Solutions Pvt Ltd., Cargill Incorporated, Danish Agro
Feed Premix Market
The Business Research Company's Feed Premix Global Market Report 2023 identifies increase in the demand and consumption of livestock-based products as the major driver for the Feed Premix Market's growth in the forecast period. Livestock-based products comprise eggs, dairy products, and meat products. Adding feed premix to the livestock's diet helps in providing sufficient vitamins and minerals and enhances nutrition and better production of livestock-based products such as milk. An increase in the adoption and consumption of dairy and meat products is increasing the sales of livestock-based products which is driving the demand for feed premix.
The global feed premix market size will grow from $19.2 billion in 2022 to $20.63 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of feed premix market is expected to grow to $30.12 billion in 2027 at a CAGR of 9.9%.
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Major competitors in the Feed Premix Market are Advanced Animal Nutrition Pty Ltd., Archer Daniels Midland Company, BASF SE, BEC Feed Solutions Pvt Ltd., Cargill Incorporated, Danish Agro Group, Dansk Landbrugs Grovvareselskab, De Heus Voeders BV, Phibro Animal Health Corporation, ForFramers BV, Godrej Agrovet Limited, Invivo NSA, Koninklijke Coöperatie Agrifirm UA, Koninklijke DSM, Land O'Lakes Inc., Nutreco NV, AB Agri Ltd., Agrofeed Ltd., Avitech Nutrition Pvt Ltd., DSM Austria GmbH (Biomin), Beijing Da Bei Nong Science and Technology Group Co Ltd (DBN Group), Burkmann Industries Inc., Purina Animal Nutrition LLC and Hi-Nutrients International Limited.
A key trend in the Feed Premix Market includes development of a new feed ingredient. Advancement in the properties of feed ingredients will lead to improved properties of feed premixes which will benefit the consuming livestock. These new feed ingredients provide additional benefits such as improving health and maximizing production. For instance, in December 2021, BASF, a Germany-based chemical company, developed Natupulse TS, a revolutionary feed enzyme to release priceless nutrients. A non-starch polysaccharide (NSP) enzyme is Natupulse® TS. It hydrolyzes ß-mannans into smaller components, such as manno-oligosaccharides, as an endo-1,4-ß-D-mannanase (MOS). When ß-mannanase is added to the feed, the digesta viscosity is reduced, the feed's digestibility is increased, and a more sustainable output is ensured.
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The Feed Premix Market is segmented -
By Type: Amino Acids, Antioxidants, Antibiotics, Vitamins, Minerals, Other Types
By Form: Dry, Liquid
By Livestock: Ruminants, Swine, Aquatic Animals, Poultry, Pets
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Feed Premix Market.
The Business Research Company's "Global Feed Premix Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Feed Premix Market Include:
1. Executive Summary
2. Feed Premix Market Characteristics
3. Feed Premix Market Trends And Strategies
4. Feed Premix Market - Macro Economic Scenario
5. Feed Premix Market Size And Growth
……
26. Africa Feed Premix Market
27. Feed Premix Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Feed Premix Market
29. Feed Premix Market Future Outlook and Potential Analysis
30. Appendix
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