DUBLIN--(BUSINESS WIRE)--The "Feed Premix Market by Ingredient Type (Vitamins, Minerals, Amino Acids, Antibiotics, Antioxidants, and Others), Livestock (Poultry, Ruminants, Swine, Aquatic Animals, Equine, and Pets), Form (Dry and Liquid), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Feed Premix Market Size is Estimated to be Valued at USD 21.6 Billion in 2019 and is Projected to Reach USD 30.9 Billion by 2025, Recording a CAGR of 6.2%.
Demand for feed premixes is rising because of the increasing number of facilities for mass meat production. To ensure superior quality of animal products, livestock breeders use feed premixes as supplements to meet the dietary requirements of the livestock.
The key players in this market have been developing a range of innovative products to target specific animal needs. Thus, the feed premix market is gaining more global presence and acceptance among customers. Key participants in the feed premix market include Nutreco N.V. (Netherlands), Koninklijke DSM N.V. (Netherlands), Cargill, Inc. (US), ADM Co. (US), and InVivo NSA (France).
The amino acids segment is projected to be the largest segment during the forecast period.
By ingredient type, the amino acids segment is projected to hold the largest feed premix market share. Consumption of amino acid feed premixes has been on the rise, globally; Asia-Pacific and Latin America being high-growth markets. Markets such as China and India also benefit from the increasing domestic production of amino acids, especially lysine, as they are available at lower costs.
The poultry segment to witness the fastest growth during the forecast period.
By livestock, the feed premix industry is segmented into poultry, ruminants, swine, aquatic animals, equine and pets. The per capita consumption of poultry meat is significantly higher than that of beef and pork, owing to the easier breeding of poultry birds and rising prices of red meat as compared to poultry. Feed premix promotes fiber digestion, which helps in the growth of ruminants during various growth stages.
Asia Pacific is projected to grow at the highest CAGR during the forecast period
Asia Pacific is the fastest-growing region in the feed premix market owing to the presence of some of the primary compound feed, feed additives, and feed premix producers in the world such as China and India. Most of the South East Asian countries are also focused on the production of feed premixes due to the growing livestock population. The increasing trend of meat consumption in the Asia Pacific region has also led to the rise in the production of feed premixes.
Market Dynamics
Drivers
- Increase in the Demand and Consumption of Livestock-Based Products
- Growth in Feed Production
- Standardization of Meat Products Owing to Disease Outbreaks
- Growth in Compound Feed Consumption
Restraints
- Ban on Antibiotics in Different Countries
- Increasing Cost of Feed Ingredients
- Stringent Regulatory Framework
Opportunities
- Developing Countries Emerge as Strong Consumers of Feed Premixes
Challenges
- Identify and Adapt to Local Customer Requirements
- Sustainability of Feed and Livestock Chain
Companies Profiled
- Koninklijke DSM N.V.
- Nutreco N.V.
- Cargill
- DLG Group
- Archer Daniels Midland Company (ADM)
- Charoen Pokphand Foods PCL
- Land O'lakes, Inc.
- Ab Agri Ltd.
- Phibro Animal Health Corporation
- BEC Feed Solutions
- KG Group
- Devenish Nutrition, LLC
- Lexington Enterprises Pte. Ltd.
- De Heus Animal Nutrition B.V.
- Megamix LLC
- Agrofeed Ltd.
- Cladan S.A.
- Kaesler Nutrition GmbH
- Avitech Nutrition Pvt. Ltd.
- Advanced Animal Nutrition Pty. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/tqsysf
