Meticulous Research® – leading global market research company published a research report titled “Feed Premix Market by Type (Vitamin Premix, Mineral Premix, Amino Acid Premix, Nucleotide Premix, Fiber Premix, Nutraceutical Premix), Form (Powder and Liquid), Application (Poultry Feed, Ruminant Feed, Swine Feed, Aqua Feed), and Geography-Global Opportunity Analysis and Industry Forecast (2018 – 2023)”
According to this latest publication from Meticulous Research®, the global feed premix market is expected to grow at a CAGR of 3.5% from 2018 to 2023 to reach USD 10,491.4 million by 2023.
The use of feed premix is majorly driven by their convenience in usage as a single ingredient over multiple ingredients. Premixing multiple nutrient ingredients into a single ingredient streamlines production processes and eliminates potential batching or incorporation errors that could result in a nutrient deficit, regulatory issues, and product recalls. The factors such as growing meat safety concerns, the ability of feed premix to prevent diseases, and the stringent ban on antibiotics are propelling the growth of feed premix market across the globe. Moreover, emerging economies, particularly Southeast Asia, Latin America, and Africa are further boosting the growth of feed premix market and holds huge potential for future growth. The feed premix market is expected to gain effective support by the gradual shift from unorganized to organized livestock farming due to the strict and transparent regulatory policies on livestock and livestock-related products in these regions. However, regulatory structure and intervention and technical problems during storage and handling procedures hinder the growth of this market to some extent.
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The global feed premix market study presents historical market data in terms of value (2016 and 2017), estimated current data (2018), and forecasts for 2023 – by type (vitamin premix, mineral premix, amino acid premix, nucleotide premix, fiber premix, nutraceutical premix, and others), form (powder and liquid), and application (poultry feed, ruminant feed, swine feed, aqua feed, and others). The study also evaluates industry competitors and analyzes the market at regional and country level.
Vitamin premix are being widely used in animal feed primarily due to their multiple nutritional benefits to animals. In animal nutrition, they are required for optimum health and normal physiological functions such as growth, development, maintenance, lactation, and reproduction. Animal feed contain the highest level of supplemental vitamin as they are an integral part of fetal development and diets for adult breeder. However, nucleotide premix are set to be the emerging and rapidly growing type, primarily due to the increasing focus on nutritional supplementation to poultry birds and pets.
Powder feed premix captured the major market share in the global feed premix market, mainly attributed to their advantages over liquid form, such as better homogeneity, ease of handling, simple transport economics, and better stability of a premix. However, liquid feed premix are expected to witness a fastest growth in the next few years with their increasing demand for water soluble animal feed.
In 2017, poultry feed segment continues to remain a major end user, owing to large demand of poultry feed due to rising poultry meat consumption and poultry farming, especially in developing regions such as Asia Pacific and South America. However, aqua feed segment anticipated to show strong growth due to increasing focus on balanced commercial diets that promote optimal fish growth and health.
This research report analyzes major geographies and provides comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and RoE), Asia-Pacific (China, India, Japan, Australia, and RoAPAC), and rest of world (Latin America and Middle East & Africa). Asia-Pacific region dominated the global feed premix market in 2017 and is also expected to witness fastest growth during the forecast period, supported by the factors such as growing compound animal feed industry; increasing demand for pet food supplementation in emerging and developing countries including India, China, Indonesia, and Thailand; and rising investments from major players in the region. Followed by Asia Pacific market, the North American feed premix market commanded the second largest share in the global feed premix market in 2017. This market is mainly driven by the growing meat industry, increasing focus on animal safety, and growing demand for healthy & nutritional products for pets.
The global feed premix market is oligopolistic in nature, where top five players held more than half of the global market share in 2017. Some of the key players contributing to the growth of the global feed premix market include Koninklijke DSM N.V. (The Netherlands), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Nutreco N.V. (The Netherlands), InVivo Group (France), Jubilant Life Sciences Ltd. (India), Koninklijke Coöperatie Agrifirm U.A. (The Netherlands), Dansk Landbrugs Grovvareselskab A.M.B.A. (Denmark), Phibro Animal Health Corporation (U.S.), Purina Animal Nutrition LLC (U.S.), Burkmann Industries Inc. (U.S.), Danish Agro A.M.B.A. (Denmark), and De Heus Group (The Netherlands), among several others.
Key questions answered in the report-
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