North America Poultry Feed Premix Market was worth $680 million in 2016 and estimated to be growing at a CAGR of 2.75%, to reach $780 million by 2021.
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Poultry Feed premix are created chemically and microbiologically to increase the nutritious value of feeds in order to improve its effect on farm animals. They help in improving appetite, digestion, and feed intake of animals.
They offer distinctive nutritional benefits that allow the producers to maximize their productivity.
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Poultry is the most widely consumed meat in the world and its production is more than any other meat category.
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Poultry Feed Premix has become a vital part of the globally increasing livestock industry and meat production industry.
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The major growth driver in the North American market is the strong demand for high-quality meat from meat processing industry. The swing in consumption pattern from red meat to white meat particularly in North America has further led to an enlarged demand for poultry meat.
Lack of flexibility in diet formulation, increasing costs of raw materials and operations and dearth of knowledge regarding the quality of the supplemental ingredients to be used in Poultry feed premix are the major restraining factors for this market.
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The North America Poultry Feed Premix market is segmented based on Ingredient type. On the basis of Ingredient type, the Poultry Feed Premix market is segmented into Minerals, Antibiotics, Vitamins, Amino Acids, and Other Ingredients.
Vitamins segment leads the Poultry Feed Premix market followed by the minerals segment. Vitamins and minerals have been gaining substantial growth, as they serve as a vital factor in enhancing the growth of the livestock and in the growth of the immune system.
Reputation of trace minerals such as zinc, manganese, iodine, and selenium for its functional benefits lead to the strong growth of this segment along with vitamins.
The North America market, which has the largest consumer base in the world has been geographically segmented into segmented into US and Canada. Poultry is the largest consumer of feed premixes in North America.
USA leads the market in this region and is the major market for the Poultry feed premix industry with a share of almost 35%. The North America market is focused on innovating cost-effective production process.
Companies are committed to research, sourcing, quality and education, in providing nutritional technologies that are central to the success of customers.
Some of the major companies dominating the market in this region are Cargill, Koninklijke DSM N.V., Nutreco N.V., Archer Daniels Midland Company, and InVivo Nutrition et Sante Animales. Existing companies such as DSM and Nutreco have been actively involved in acquisition of regional suppliers and ingredient manufacturers in these regions to strengthen their market presence.
Scope of the Report
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