Global Feed Premix
Market Report
2024
Global Feed Premix market size will be USD 27.46 Billion by 2030. Feed Premix Industry's Compound Annual Growth Rate will be 6.55% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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Global Feed Premix market size will be USD 27.46 Billion by 2030. Feed Premix Industry's Compound Annual Growth Rate will be 6.55% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Feed Premix Market Sales Revenue 2030 | $ 27.46 Billion |
Global Feed Premix Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.55% |
Market Split by Type |
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Market Split by Poultry |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Feed Premix Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Animal feed premix is a combination of vitamins, minerals, supplements, and other nutritional elements intended to create a balanced diet and fulfil your livestock's specific nutritional requirements. It's combined with other feed ingredients like as grains, roughage, and protein sources to improve your feed's nutritional profile. The feed premix includes both macronutrients and micronutrients. Carbohydrates, fat, and other macronutrients are required in large quantities, but micronutrients (such as vitamins, amino acids, and minerals) are required in lesser amounts for an animal to develop.The micronutrient is the most critical, although it is frequently overlooked in animal nutrition. As a result, demand for feed premix manufacture has soared. Farmers who use feed premix accelerate the growth of their animals, increasing their income and, as a result, the demand for feed premix in the global market. In response to increased livestock demand, farmers are switching to premium feed that can enhance cattle development.
The market grew because livestock farmers were and continue to be under pressure to give their animals high-quality feed products in order to increase productivity and output quality as demand for livestock protein products such as milk, meat, and others increased.There is a need for a high level of transparency in the supply of livestock products because people globally are increasingly concerned about the quality of the food products they consume, particularly animal protein products.
The feed premix market is being driven by health-conscious customers' increasing demand for high-quality beef and dairy protein. Livestock production is one of the fastest-growing sectors of the agricultural industry. According to the United Nations Food and Agriculture Organisation, demand for poultry meat in South Asia is estimated to rise by 725% by 2030, with India accounting for 850% of that increase. India has the world's largest cattle inventory, followed by Brazil and China.
https://www.fao.org/3/i2425e/i2425e.pdf
According to the FAO, demand for meat has decreased due to pandemic-related supply chain challenges, but it is likely to normalise and expand once economic activity returns to normal levels. In 2020, global meat production remained steady at 325.2 million metric tonnes, as gains in chicken and ovine meats offset declines in pig and bovine meat production.
Furthermore, the growing demand for environmentally safe and chemical-free meat, meat products, and milk and milk products highlights the need for higher productivity via feed premixes.
https://www.fao.org/3/i3822e/i3822e.pdf
Animals continue to contribute significantly to the global food supply. As a result, animal feed has become an increasingly important component of the integrated food chain. A substantial element of meeting consumer demand for additional eggs, meat, milk, and other livestock products is dependent on a reliable supply of adequate, cost-effective, and secure animal feed. As a result of the massive increase in worldwide demand for animal products, there is a growing need for additional feed supplies, sources, and alternatives.
Another important reason for looking into more convenient, inexpensive, and alternative sources of animal feed production is the expanding global population. Appropriate nutritional concentration is one of the most expensive elements in livestock feed formulation. Because of their concentrated energy supply and great feed efficiency, feed premixes have sparked renewed interest in the animal feed industry.
In response to rising demand for safe and nutrient-dense animal feed, manufacturers are enhancing quality and safety while remaining cost-effective. The inclusion of feed premixes in animal feed improves animal productivity, growth, and performance. The International Feed Industry Federation (IFIF) believes that global compound feed production has topped one billion tonnes per year. The rate of output growth was faster in developing nations than in industrialized nations. Thus this growing requirement for feed premix will drive the market growth.
https://ifif.org/global-feed/industry/
Regulatory concerns are one of the most significant challenges that the feed additives industry faces. Most countries have feedstuff rules that apply to the manufacture of animal feed. Since these countries' bans on using some antibiotics as animal growth promoters in the European Union and the United States, the regulatory environment has tightened. There is no international framework for feed premixes, and each country has its own rules. Feed premixes and supplements are regulated by the Centre for Veterinary Medicine (CVM) in the United States, whereas the European Food Safety Authority (EFSA) oversees them in the European Union. Such regulatory disparities damage the meat and feed trade, particularly between industrialised and developing economies.
https://www.fda.gov/about-fda/fda-organization/center-veterinary-medicine
Furthermore, feed premix makers must meet stringent national and regional health and safety standards in order to have their products approved in industrialised countries. This has an impact on the final cost of the finished goods. Such regulatory activities complicate the production of currently available feed premix products and increase the cost of generating new feed.
The increased demand for cattle products has resulted in considerable supply-side improvements to boost yields. New capital-intensive methods have enabled pig meat production in industrial-style facilities across North America, Europe, and Asia-Pacific, particularly in countries with limited land. Industrial meat production has various advantages, including reduced land requirements, higher productivity, and high-quality, safe food items. The worldwide cattle population increased to around 940 million heads in 2022, up from 937.7 million in 2021.
https://www.statista.com/statistics/263979/global-cattle-population-since-1990/
The premixed feed provides animals with optimum nutrition, aids in boosting carcass weight, preserves animal health, and increases productivity, all of which contribute to industrial meat production. The World Bank predicts that industrialised meat production is growing six times faster than traditional meat production methods.
https://documents.worldbank.org/curated/en/306051468740146162/pdf/multi0page.pdf
COVID-19 had little or moderate impact on the feed premix industry. There have been numerous advances in animal medicine and related technologies. This has resulted in higher selling prices and increased farmer demand. The pandemic, however, has resulted in lower-than-expected growth in the feed premix market.
The global animal feed premix market is driven by rising demand for high-value animal protein and diminishing feed conversion rates after the pandemic effects wore down.
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To maintain their market position, industry participants are developing strategies for expanding their existing product portfolios and acquiring companies with complementary operations. To get a competitive advantage, companies are focusing on new product production breakthroughs and enhancements. Top Four Market Players Account for more than 50% of the market. Some important corporations dominate this market because: They have a solid product portfolio, make crucial strategic decisions, and hold a dominant market share. Companies in the sector are investing in R&D to develop new products and address the growing demand for feed premix in commercial livestock production. Large corporations in the industry prioritize R&D and product innovation, setting up premix production operations to satisfy demand.
Top Companies Market Share in Feed Premix Industry: (In no particular order of Rank)
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Because of its expanding poultry and aquatic animal farms, Asia Pacific is the world's largest market for feed premix products. The region's population and need for animal protein are predicted to drive up livestock husbandry, boosting the market share for compound feed and feed premix. The commercialization of cattle husbandry in India and China is predicted to boost demand for feed premix products. The Asia-Pacific animal husbandry sector is expanding, with countries shifting to more methodical and industrialized production methods. Although average herd sizes and animal production are increasing, farmers continue to rely on home-grown feed, notably for ruminants and swine. Premixes are rapidly making their way into traditional markets as people become more conscious of the importance of providing adequate nutrition for animals. The region is expected to remain the largest and fastest-growing geographical segment of the feed premix market.
The current report Scope analyzes Feed Premix Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Feed Premix Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Feed Premix Industry growth. Feed Premix market has been segmented with the help of its Type, Poultry , and others. Feed Premix market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
In 2023, the amino acids segment led the global market, accounting for XX%. Amino acids, the basic building blocks of proteins, are required for many animal physiological activities such as growth, development, reproduction, immunity, and metabolism. Certain amino acids, known as essential amino acids, are not synthesised internally by mammals and must be obtained through diet. Furthermore, feed premixes with additional amino acids are intended to supplement animals' diets with amino acids that may be deficient or limited in typical feed ingredients. These could include both non-essential amino acids like glutamine, glycine, and serine, as well as essential amino acids like lysine, methionine, threonine, tryptophan, and valine.
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In 2023, the poultry category led the global market, accounting for XX%. Layers and broilers, or birds raised for eggs and meat, account for a considerable share of the global livestock market. Poultry farming's efficiency, scalability, and relatively short production cycles all help to drive demand for feed premixes. Furthermore, certain dietary requirements must be met for poultry growth, egg production, and overall health. Feed premixes are vital for meeting these requirements because they contain essential nutrients in precisely the correct proportions to support maximum productivity and performance, such as vitamins, minerals, amino acids, and other additives.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
The need for feed premixes to increase animal well-being and efficiency is increasing as people become more conscious of the safety and quality of animal-derived products. Technological advancements have resulted in more complicated and efficient feed premix products, which are expected to drive the market's growth even more in the future.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Type | Vitamin, Minerals, Amino Acids, Antibiotics |
Poultry | Poultry, Ruminants, Swine, Aquatic Animals, and Others |
List of Competitors | DSM, AB Agri, Advit, AgroFeed Ltd., Agromedica Ltd, Alltech Inc., Animix, Archer Daniels Midland, BASF SE, BEC Feed Solutions, Cargill, Charoen Pokphand Foods, De Heus Voeders B.V., DLG Group, Eagle Vet Kenya Limited, Elanco, Elpelabs, Invivo NSA, Kemin Industries Inc., Kirby Agri, Koninklijke DSM N.V., MiXscience, Novus International Inc., Nutreco, Nutri Bio Solutions, Phibro Animal Health Corporation, Phibro Group, Rabar Animal Nutrition, Royal Agrifirm Group, SVH Holding N.V., Univar, Vitalac |
This chapter will help you gain GLOBAL Market Analysis of Feed Premix. Further deep in this chapter, you will be able to review Global Feed Premix Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Poultry Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Feed Premix market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Vitamin have a significant impact on Feed Premix market? |
What are the key factors affecting the Vitamin and Minerals of Feed Premix Market? |
What is the CAGR/Growth Rate of Poultry during the forecast period? |
By type, which segment accounted for largest share of the global Feed Premix Market? |
Which region is expected to dominate the global Feed Premix Market within the forecast period? |
Segmentation Level Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Quantitative Data |
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