Animal Feed Premix Market Scope
Feed premix is a mix of certain complex compounds such as vitamins, minerals, and amino acids. Infeed premix, two or more of these compounds should be present. Animal feed premix is a direct source of nutrients to them and helps for proper nourishment. There are certain nutrient compounds such as micronutrients and macronutrients in feed premix. Macronutrients are nutrients that are required in large quantities by the body, such as fats and carbohydrates. Micronutrients are certain nutrients that are required in small quantities by the body, such as minerals, vitamins, and amino acids. These minerals, vitamins, and amino acids are mostly not found in animal feed. Hence, consumers have started feeding animals with feed premix that consist of all the micronutrients in large quantities this is the major factor that boosts the market in the forecast period. This helps the animals get proper nourishment.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | DLG Group (Denmark), Charoen Pokphand Foods PCL (Thailand), Koninklijke DSM N.V. (Netherlands), Nutreco N.V. (Netherlands), Cargill (United States), Archer Daniels Midland Company (ADM) (United States), BEC Feed Solutions (Australia), Land O’Lakes (United States), AB Agri Ltd. (United Kingdom), Phibro Animal Health Corporation (United States), KG Group (Lithuania), Devenish Nutrition, LLC. (United Kingdom), Lexington Enterprises Pte, Ltd. (Singapore), De Heus Animal Nutrition BV (Netherlands), Megamix LLC (Russia), Agrofeed Ltd. (Greece) and Cladan S.A. (Argentina) |
CAGR | % |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on the production technologies, efficiency enhancement, and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge investment in market growth strategies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Animal Feed Premix market throughout the predicted period.
DLG Group (Denmark), Charoen Pokphand Foods PCL (Thailand), Koninklijke DSM N.V. (Netherlands), Nutreco N.V. (Netherlands), Cargill (United States), Archer Daniels Midland Company (ADM) (United States), BEC Feed Solutions (Australia), Land O’Lakes (United States), AB Agri Ltd. (United Kingdom), Phibro Animal Health Corporation (United States), KG Group (Lithuania), Devenish Nutrition, LLC. (United Kingdom), Lexington Enterprises Pte, Ltd. (Singapore), De Heus Animal Nutrition BV (Netherlands), Megamix LLC (Russia), Agrofeed Ltd. (Greece) and Cladan S.A. (Argentina) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Kaesler Nutrition Gmbh (Germany), Avitech Nutrition Pvt. Ltd. (India), Advanced Animal Nutrition Pty. Ltd. (Australia), Associated British Foods plc (ABF) (United Kingdom), Advanced Enzyme Technologies (India), Kemin Industries, Inc. (United States), Novus International, Inc. (United States) and Alltech Inc (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Animal Feed Premix market by Type and Region with country level break-up.
On the basis of geography, the market of Animal Feed Premix has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In November 2022, Nutreco announced the acquisition of Mosegården, one of the leading independent livestock nutrition suppliers in Denmark focusing on minerals and animal premix feed health products for pigs and cattle.
On December 12, 2023, Nutreco and Cargill announced a strategic partnership to combine their expertise in animal nutrition and feed additives. This collaboration aims to develop innovative and sustainable solutions for animal feed production.
The FD&C Act requires that any substance added to or is expected to become a component of animal food, either directly or indirectly, must be used in accordance with a food additive regulation unless it is generally recognized as safe for that intended use (GRAS). Typical animal food ingredients such as forages, grains, and most minerals and vitamins are GRAS as sources of nutrients. The legal definition for a food additive is found in section 201(s) of the FD&C Act. In section 409 of the FD&C Act, a food additive is unsafe unless its use conforms to an existing food additive regulation or is considered GRAS. Further, a substance that does not become a component of the final animal food product but that is used, for example, in preparing an ingredient of the animal food to give it a different flavor, texture, or another characteristic may also be a food additive.
Influencing Trend:
Growing Demand for Livestock-Based Products
Market Growth Drivers:
Increase in the Demand and Consumption of Probiotics as Supplements in Animal Feed
Challenges:
Sustainability of Feed and Livestock Chains
Restraints:
Ban on Antibiotic Feed Products in Different Countries
Opportunities:
Growing Demand from the Emerging Countries such as Asia Pacific and Latin America
Key Target Audience
Government Regulatory Bodies, Private Research Organization, Government Research Organization, Smart Badge Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and Others