Precision Business Insights (PBI) in its report titled “Global Feed Premix Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2017 and Forecast 2018-2027” assesses the market performance over 2018-2027. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
Global Feed Premix Market
Global feed premix market consists of essential nutrients to promote the growth of animals. Increased global population and their need for protein-rich food are creating demand for medicated food. Surge in the demand for protein-rich food across the globe, raising cattle, the poultry industry is expected to increase demand for animal premix market. Rise in the awareness among the farmers regarding feed ingredients is expected to fuel the livestock premix market.
The global feed premix market is categorized into following-
- Product type
- Amino acids
- Mixture type
And lastly, on the basis of geographical regions, the global feed premix market has been segmented into five main regions- North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America swine premix market is dominated by U.S., it is witnessed for significant rate due to growth in the poultry industry, cattle as well as swine. Rising disposable income in middle-income countries such as China and India, increasing poultry and swine production enables foster the market. Stringent regulations and Germany feed for poultry premix market are expected to account for major revenue share. Favorable government policies to enhance awareness are expected to create demand for livestock premix market. The gradual increase in Asia Pacific population enables creates demand for poultry and cattle products such as meat and milk. However, stringent regulations, rising raw material cost is hampering the growth of feed premix market globally. Emerging nations China, India, Mexico are expected to offer growth opportunities for global feed premix market. Brazil is witnessing major revenue share in Latin America, owing to increased meat production in the country such as poultry, cattle industry.
Some of the key players in the vitamin premix market include DSM NV, Evialis, Nutreco NV, Biomin, DLG Group, BEC Feed Solutions, Cargill Inc., DBN Group, Land O Lakes Feed, Archer Daniels Midland, Charoen Pokphand, Godrej Agrovet, ForFarmers, Continental Grain Company, Nippai, Lallemand Animal Nutrition, De Heus, Kent Feeds, InVivo NSA.
Favorable government regulations to offer the quality of animal feed are expected to offer tremendous growth opportunities for the industry players. Animal feed industry experienced notable changes from the past decade, adoption of pre-mixed feed to provide nutrients to the cattle, swine, poultry others are creating demand for market players plunged into feed for swine premix market and poultry premix market. Rising R&D expenditure, increased production of cattle and poultry in the middle-income countries are expected to boost the market size. Innovative technologies and expanded applications to the veterinary healthcare are anticipated to create lucrative opportunities.