Feed Premix Market Size, Global Industry Analysis, Growth Scenario, Research Report and Forecast to 2030

The scope of our recent study titled "Feed Premix Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis - by Type (Vitamins, Minerals, Amino Acids, Antibiotics, Antioxidants, Blends, and Others), Form (Dry and Liquid), and Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others)," includes the description of factors fueling the market growth, estimation and forecast of revenue, and identification of major market players and their key developments. The report also provides a market share analysis.

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The global feed premix market size is projected to grow from US$ 11,732.50 million in 2022 to US$ 17,101.04 million by 2030; the market is expected to record a CAGR of 4.8% from 2022 to 2030.

Feed premixes are complex mixtures of one or more feed additives or nutrients such as amino acids, vitamins, minerals, antioxidants, antibiotics, etc. These premixes are mixed in feed materials to enhance the nutritional quality of animal feed and to provide essential micronutrients to animals. The demand for feed premixes across the globe is significantly increasing owing to the surged demand for compound animal feed and rising awareness regarding the safety of livestock animals. These factors have significantly contributed to the growth of the global feed premix market.

Based on livestock, the feed premix market is segmented into poultry, ruminants, swine, aquaculture, and others. The aquaculture segment is projected to register the highest CAGR in the forecast period. Growth, health, and reproduction of fish and other aquatic animals primarily depend upon an adequate supply of nutrients. Hence, the demand for feed premix for aquaculture is growing significantly. The market growth for the segment is mainly attributed to the growing focus of consumers on a balanced commercial diet that promotes optimal fish growth and health. Also, the demand for fish and fish products is increasing globally with the growth of the aquaculture industry. Thus, the growing aquaculture industry and rising awareness about the nutritional requirements of fish and other aquaculture animals propel the market growth for the segment.

The feed premix market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific held the largest share of the market in 2022, and  North America is expected to register the highest CAGR during the forecast period. North America is one of the significant markets for feed premix due to the increased demand for premixes as a feed additive, rise in meat consumption, changes in weather conditions, increase in consumption of livestock products despite the rising prices, and well-established animal feed and agriculture industries. The increasing number of individuals opting for protein-rich and healthier products, growing disposable income, and changing lifestyles and eating patterns contribute to a surge in demand for protein-rich meat in the US, Canada, and Mexico. Thus, with the rising consumption of meat products, the demand for animal feed increases and further drives the feed premix market in the region.

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The report segments the global feed premix market as follows:

Based on type, the feed premix market is segmented into vitamins, minerals, amino acids, antibiotics, antioxidants, blends, and others. Based on form, the market is bifurcated into dry and liquid. In terms of livestock, the market is segmented into poultry, ruminants, swine, aquaculture, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.

Global Feed Premix Market: Competitive Landscape

Danish Agro AMBA, Agrifirm Group BV, Nutreco NV, Archer-Daniels-Midland Co, Cargill Inc, Koninklijke DSM NV, Dansk Landbrugs Grovvareselskab amba, NuSana BV, De Heus Voeders BV, and Kemin Industries Inc are among the major players operating in the feed premix market. Companies in this market emphasize strategies such as R&D investments and new product launches. Such strategic initiatives by key market players boost the demand for feed premix and drive the market.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.