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Author
Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....
Feed Premix Market size was valued at US$ US$ 24,182.1 million in 2023 and is expected to grow at a CAGR of 6.4% from 2024-2030. Feed premixes are complex mixtures of essential minerals, vitamins, trace elements, feed supplements, and other nutritional additives including amino acids and proteins incorporated in the feed. The main objective of food premixes is to deliver the right micronutrients to the livestock.
The market is segmented by ingredient types, such as antibiotics, vitamins, antioxidants, amino acids, minerals, and others, as well as by animal types, such as ruminants, poultry, swine, aquaculture, and others. The ruminants feed segment is holding significant market share increase in consumer awareness about the safety of meat and milk products, along with the nutritional content of the food, emerged as the key driver for market growth. Moreover, the competitors are focusing on acquisition to maintain the growth in the market
Study Period
2024-2030Base Year
2023CAGR
6.4%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
The feed premix market is anticipated to grow in the forecast period owing to driving factors such as developments in the field of compound feed and additives industry coupled with rising demands for high-value animal protein. A variety of amino acids are fed as supplements to livestock animals to improve their efficiency and nutritional value (milk, meat, etc.). Consumers all around the world have become increasingly sensitive to the quality of animal protein products they buy and eat, and as a result, they are willing to accept high transparency in the livestock supply chain from point of production to point of consumption.
Moreover, increased industrial livestock production, as well as a greater focus on animal health to minimize disease outbreaks, all contribute to the market's growth. The market growth is hampered by growing feed ingredient costs and stringent regulatory policies. Nonetheless, during the projected period, rising awareness of ethical standards to minimize export quality difficulties is expected to be a significant potential opportunity for the market participants.
The Asia-Pacific held the largest share in the global feed premix market and the market is expected to surge rise at a significant CAGR over the forecast years owing to the feed premix sector has concentrated its efforts in countries like India, China, Thailand, and others that have the biggest demand for these products.
By 2028, the Asia-Pacific area is expected to be the global leader in feed premixes, accounting for 34.6 % of the total. According to surveys and data, this region is home to 16 of the top 20 feed companies. To accommodate the increased demand of consumers, new plants have recently been established and developed in these areas.
Moreover, Europe has also shown prominent growth in the global market over the forecast years due to increasing awareness levels amongst feed customers, industrialization of the livestock sector, incidences of counterfeit meat and other products, and the ban on antibiotics as growth promoters. The existence of 330 feed mills in Germany will help the European market flourish.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 24,182.1 million |
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Market CAGR |
6.4% |
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By Product Type |
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By Mixture Type |
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By Region |
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The global feed premix market size was valued at US$ 24,182.1 million in 2023 and is projected to grow at a CAGR of 6.4% from 2024 to 2030.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
Feed Premix Market Global Market Growth Rate (2023 to 2033) CAGR of 6.3%.
1. Executive Summary
2. Global Feed Premix Market Introduction
Key Market Players
Author
Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of animal health and agriculture. His passion lies in unraveling the complexities of these domains through rigorous research and practical insights. Manoj Kumar’s journey has been marked by several key achievements: as a market analyst and competitive intelligence expert, he dissects data to provide actionable insights for global clients. Simultaneously, he champions animal healthcare, diagnosing ailments, and designing preventive care strategies. In the realm of agriculture, his focus on sustainable practices, emphasizing crop nutrition, soil health, and precision agriculture. His holistic approach and commitment to advancing science make him a respected figure in the ever-evolving landscape of life sciences.