About Feed Premix
Increasing awareness about the benefits of feed premixes will help to boost the global feed premix market. Feed premix usually refers to enriched mixtures of biologically dynamic elements that are synthesized chemically and microbiologically to rise the nutritious value of feeds in order to expand its effect on farm animals while avoiding them from numerous health related disorder. There are various advantages of feed premix contains refining appetite, digestion, and feed intake of animals. Additionally, it helps in improving the immune system by growing antibody titers and also augments the antibiotic growth in the animal’s body.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
CAGR | 4.8% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Feed Premix market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Nutreco N.V. (Netherlands), Cargill, Inc. (United States), Koninklijke Dsm N.V. (Netherlands), DLG Group (Denmark), Phibro Group (United States), Archer Daniels Midland (United States), Purina Animal Nutrition LLC (United States), Alltech, Inc. (United States), Kemin Industries, Inc. (United States) and Novus International, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Zinpro Corporation (United States), Lexington Enterprises Pte. Ltd. (Singapore) and Avícola de Tarragona S.A. (Spain).
Segmentation Overview
AMA Research has segmented the market of Global Feed Premix market by Type (Vitamin Premix, Mineral Premix, Amino Acid Premix, Nucleotide Premix, Fiber Premix, Nutraceutical Premix and Others), Application (Poultry Feed, Ruminant Feed, Swine Feed, Aqua Feed and Others) and Region.
On the basis of geography, the market of Feed Premix has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, Spain, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Form, the sub-segment i.e. Powder Premix will boost the Feed Premix market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Livestock , the sub-segment i.e. Ruminant will boost the Feed Premix market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Changing Consumer Preferences to Red Meat to White Meat and Technological Advancement in Methods Used To Make Premix
Market Growth Drivers:
Rising Meat Consumption around the Globe and Increasing Awareness about Befits of Premixes
Challenges:
Growing Raw Material Cost
Restraints:
Lack of Awareness about Feed Premixes in Developing Regions
Opportunities:
Huge Demand for Aqua Feed in End-User Industry
Market Leaders and their expansionary development strategies
January 19, 2023: Nutreco, a global leader in animal nutrition, announced the acquisition of a majority stake in Jefo Nutrition, a leading player in the Chinese aqua feed premix market. This acquisition strengthens Nutreco's presence in the rapidly growing Chinese aquaculture sector.
September 14, 2022: ADM, a global leader in agricultural processing and food ingredients, announced plans to expand its animal nutrition premix capacity in the Asia Pacific region. This expansion aims to meet the increasing demand for premixes in the region's growing animal feed industry.
Antibiotic feed premix is banned in established regions such as North America and Europe, due to their resistance towards microbes in the animals. When animals eat antibiotic feed premix, the premix forms certain bacteria that become resistant to antibiotics. These animals are consumed by humans, those bacteria get ingested and directly affect the body by forming resistance to antibiotics.
Key Target Audience
Manufactures, Suppliers, Government Regulatory Bodies, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.