Feed Premix Market (2024-2031)
The Feed Premix Market was valued at $9.97 billion in 2023. This market is expected to reach $14.09 billion by 2031, from an estimated $10.32 billion in 2024, at a CAGR of 4.5% during the forecast period 2024-2031. Feed Premix Market Size & Forecast The growth of this market is driven by the advantages
- Published
- May 2024
- Pages
- 200
- Format
- PDF + Excel
- Report ID
- MRFB - 104132
- Base year
- 2023
- 2023 · BASELINE
- $9.97B
- 2031
- $14.09B
- CAGR 2024–2031
- 4.5%
2023 baseline · 2024–2031 forecast at 4.5% CAGR · hover a bar for the value
Key highlights
By Type: In 2024, the Combination Premixes Segment to Dominate the Feed Premix Market
By Form: In 2024, the Powder Segment to Dominate the Feed Premix Market
By Application: The Aquafeed Segment to Witness Highest Demand During the Forecast Period
Report summary
| Particulars | Details |
|---|---|
| Number of Pages | ~200 |
| Format | |
| Forecast Period | 2024–2031 |
| Base Year | 2023 |
| CAGR (Value) | 4.5% |
| Market Size (Value) | USD 14.09 billion |
| Segments Covered | By Type · Combination Premixes · Vitamin Premixes · Mineral Premixes · Amino Acid Premixes · Nucleotide Premixes · Fiber Premixes · Nutraceutical Premixes · Other Premixes · By Form · Powder · Liquid · By Application · Poultry Feed · Ruminant Feed · Swine Feed · Aqua Feed · Other Animal Feed |
| Countries Covered | Asia-Pacific (China, India, Japan, Australia, Vietnam, Philippines, Indonesia, Thailand, Malaysia, South Korea, Myanmar, Taiwan, and Rest of Asia-Pacific), North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa |
| Key Companies | DSM-Firmenich AG (Switzerland), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Nutreco N.V. (Netherlands), InVivo Group (France), Jubilant Pharmova Limited (India), Koninklijke Coöperatie Agrifirm U.A. (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 Voeders B.V. (Netherlands). |
Report overview
Segments covered: type, form, application. Regions: Asia-Pacific, North America, Europe, Latin America.
The growth of this market is driven by the advantages offered by utilizing food premixes over multiple ingredients, the growing demand for compound animal feed, and the rising awareness regarding meat product safety. However, stringent regulatory frameworks and storage & handling issues may restrain market growth.
Furthermore, the rising demand from emerging economies is expected to create market growth opportunities. Additionally, the increasing adoption of animal-derived protein and the integration of functional ingredients are prominent trends in the feed premix market.
Report infographic
Market dynamics
5 factors across 3 forcesAdvantages Offered by Utilizing Food Premixes Over Multiple Ingredients
Nutrient premixes and feed systems blend a number of ingredients to make products with specific nutritional or physical characteristics. Premixes provide a convenient way to add a nutrient package that appeals to a specific target consumer. 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.
Premixes play a crucial role in modern manufacturing, enabling companies to streamline operations and enhance efficiency. By consolidating multiple ingredients into one, they offer consistent quality and eliminate the risk of errors during production, which may otherwise lead to nutrient deficiencies and costly recalls. In addition to simplifying the manufacturing process, premixes enhance consistency by providing precise proportions of nutrients and facilitating the addition of functional ingredients to animal feed at the right time and in the correct form. This process results in cost & time savings, reduces inventory, and prevents wastage. The use of premixes helps ensure safety and quality by reducing equipment and labor costs, as well as testing expenses. They also contribute to product differentiation and improve nutrient homogeneity.
These benefits have prompted feed manufacturers to increasingly incorporate premixes in the production of compound animal feed, driving the growth of this market.
Rising Awareness Regarding Meat Product Safety
In recent years, ensuring the safety of meat products has become a top priority. Numerous studies continually investigate the relationship between meat consumption and health issues, reflecting ongoing concerns. The International Agency for Research on Cancer (IARC) has classified processed meat as a carcinogen and red meat as a probable carcinogen, indicating a likely link to cancer. Concerns surrounding meat safety extend to various pathogenic and parasitic contaminants found in meat products, such as salmonella, listeria, and E. coli. Additionally, disease outbreaks in livestock, including swine flu and foot-and-mouth disease, have raised further concerns about meat quality and safety. For instance, in January 2011, a significant meat quality issue emerged in Germany due to the presence of cancer-causing dioxin in meat products. This event prompted swift action from authorities to implement stringent food safety measures.
In response, countries such as South Korea and Slovakia imposed bans on pork imports from Germany, citing health risks. These events expedited the adoption of supplements like feed premixes as a safer alternative to enhance protein and other essential nutrients in animal diets. Feed premixes, especially those enriched with antioxidants, minerals, enzymes, and vitamins, offer balanced nutrition to animals, protecting them from diseases. They also enhance the digestibility of feed nutrients and elevate the nutritional profile of meat. Therefore, the mounting concerns regarding meat safety, coupled with the rising focus on enhancing animal health, welfare, and performance in both the livestock and aquaculture sectors, are driving the growth of the global feed premixes market.
Table of contents
11 chapters · 119 sections · 200 pages · click to expandSegmental analysis
| Segment | Largest share (2024) | Fastest growth (2024–2031) |
|---|---|---|
| By Type | Combination Premixes | — |
| By Form | Powder | — |
| By Application | Poultry feed | Aquafeed |
By Type
- The combination premixes segment is expected to account for the largest share of 31.1% of the feed premix market.
- This segment’s large market share can be attributed to the rising demand for compound feed, driven by the increasing need for vitamin and mineral-enriched foods to meet the nutritional needs of animals and growing consumer awareness regarding essential pet nutrition.
By Form
- The Powder Segment to Dominate the Feed Premix Market
- The powder segment is expected to account for the larger share of 92.7% of the feed premix market.
- This segment’s large market share is mainly attributed to the advantages offered by powdered premixes over liquid premixes, such as better homogeneity, ease of handling & transport, and better stability.
- Moreover, the powder segment is projected to register a higher growth rate of 4.7% during the forecast period of 2024–2031.
By Application
- The Aquafeed Segment to Witness Highest Demand During the Forecast Period
- The poultry feed segment is expected to account for the largest share of 46.0% of the feed premix market.
- This segment’s large market share is mainly attributed to the growing demand for poultry feed due to rising poultry meat consumption and poultry farming, especially in developing regions like Asia-Pacific and South America.
- However, the aquafeed segment is projected to register the highest growth rate of 5.4% during the forecast period of 2024–2031.
- This growth is driven by the increasing emphasis on balanced commercial diets aimed at promoting optimal fish growth and health, along with the rising global demand for fish & fish products and the growth of the aquaculture industry.
Geographic analysis
Asia-Pacific
Largest shareIn 2024, Asia-Pacific is expected to account for the largest share of 36.6% of the feed premix market, followed by North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific’s significant market share can be attributed to the growth in the compound animal feed industry, rapid economic growth, 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. Moreover, the market in Asia-Pacific is projected to register the highest growth rate of 5.5% during the forecast period. The growth of this regional market is driven by shifting consumption patterns, the industrialization of the livestock sector, instances of counterfeit meat and other products, and regulations banning the use of antibiotics as growth promoters. By Geography: In 2024, Asia-Pacific to Dominate the Feed Premix Market
Competitive landscape
- January 2021
Cargill opened a new premix animal nutrition facility in Lewisburg, Ohio, with an investment of USD 50 million. This new 220,000-square-foot facility is equipped with advanced technologies.
- April 2021
Archer Daniels Midland Company (ADM) acquired Golden Farm Production & Commerce Company Limited (Vietnam). This acquisition strengthened ADM’s industrial and commercial coverage in Vietnam.
- DSM-Firmenich AG · Switzerland
- BASF SE · Germany
- Archer Daniels Midland Company (U.S.)
- Cargill, Incorporated (U.S.)
- Nutreco N.V. · Netherlands
- InVivo Group · France
- Jubilant Pharmova Limited · India
- Koninklijke Coöperatie Agrifirm U.A · 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
- De Heus Voeders B.V. · Netherlands
Frequently asked questions
The Feed Premix Market is defined by its efficiency and consistency, as it simplifies production by using premixes instead of multiple individual ingredients.
Cite this report
Meticulous Research. (2024). Feed Premix Market - Global Opportunity Analysis and Industry Forecasts (2024-2031) (Report No. MRFB - 104132). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/feed-premix-market-4083