Feed Premix market by type of ingredient (Vitamins, Minerals, Amino acids, Antibiotics, Other ingredients), by type of livestock (Ruminant, Swine, Poultry, Aquaculture and other), and by Region
According to the report Global Feed Premix market, published by Market Data Forecast, the Market has been estimated at USD 85.5 Billion in 2016 and is projected to reach USD 100.08 Billion by 2021, at a CAGR of 3.2% during the forecast period from 2016 to 2021. Premix is defined as a uniform mixture of one or more micro-ingredients with diluent and/or carrier, which are usually required in small amounts and are not intended for direct feeding to animals.
The end consumers of feed premix are compound feed manufacturers, farmers, livestock and aquaculture industry. Manufacturers supply premixes to ensure uniform supply of nutrients to the animals and enhance the quality and productivity of the animal.
Browse market data tables and in-depth TOC of the Global Feed Premix Industry to 2021 at www.marketdataforecast.com/market-…remix-market-398/
Factors like increase in meat and meat products consumption globally led to mass production of the meat along are driving the market for feed premix globally. Increasing awareness of the customers on the health and hygiene of livestock is one of the factors creating opportunities for Feed Premix market.
Leading companies are increasing their global footprints by setting up plants to increase their production capacities. The European and North American governments have imposed a ban on the use of antibiotics as a growth promoter.
The ban has led livestock producers in Asia Pacific regions to identify new ways to stimulate production and deliver the same benefits provided by antibiotic growth promoters at an affordable price. The increase in raw materials is also hindering the market
The Global feed premixes market is segmented into ingredient type and livestock. Each of the segments is further subdivided into various segments as follows: Ingredient type: Vitamins, Minerals, Amino acids, Antibiotics and Other ingredients (Preservatives, organic acids, antioxidants, enzyme, pigments, and flavors) and Livestock: Poultry, Ruminants, Swine, Aquatic animals and other animals that include pet animals, birds, and reptiles.
By type, Vitamins are the most widely used premix. The demand for feed premixes in poultry industry accounted for the largest share and is projected to be the fastest-growing segment.
On geographical basis, Global Feed premix market is segmented into: Asia-Pacific, Europe, North America, Latin America and Middle-East and Africa. Asia-Pacific and North America are the top two markets for feed additives in the world.
North America accounted for the largest share in the global feed premix market, accounting for around 34% of the global market
Leading players in the feed premix market 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.
Key strategies are being employed by major companies in developing markets of Latin America and Asia-Pacific through the expansion of manufacturing plant capacities to meet the growing feed premix demand.
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