Feed Premix Market Size, Share, and Future Growth, 2032

Market Size:

The global feed premix market was valued at USD 8.50 billion in 2018 and is projected to grow to USD 21.92 billion by 2032, registering a CAGR of 6.99% over the forecast period. In 2018, North America led the market, accounting for 28.35% of the total share, driven by increasing demand for high-quality animal nutrition products.

The global feed premix market is expected to gain impetus from the rising demand for balanced feed products, including micronutrients and macronutrients. This information is published in a report by Fortune Business Insights, titled, “Feed Premix Market Size, Share & Industry Analysis, By Type (Vitamins, Minerals, Amino Acids, and Antibiotics), Livestock (Poultry, Ruminants, Swine, Aquatic Animals, and Others), and Regional Forecast, 2019-2032.”

The report provides detailed information on the most significant factors of the global feed premix market that include market drivers, obstacles, regional analysis, key market developments, and challenges. It further contains in-depth data on prominent vendors, accurate predictions on change in buyer behavior and future trends.

List of Top Feed Premix Companies

• The Archer Daniels Midland Company

• Koninklijke DSM N.V.

• Nutreco N.V.

• Cargill, Incorporated (Provimi)

• Purina Animal Nutrition LLC

• Kemin Industries

• Land O’lakes, Inc.

• De Heus Animal Nutrition

• Alltech, Inc.

• Zinpro Corporation

• Novus International, Inc.

• Lexington Enterprises Pte. Ltd.

Source: https://www.fortunebusinessinsights.com/industry-reports/feed-premix-market-101543

Report Coverage:

Feed premix is a blend of essential nutrients such as minerals, vitamins, amino acids, and antibiotics, formulated to enhance animal nutrition. To qualify as a feed premix, at least two of these components must be present. Since micronutrients like minerals and vitamins are not naturally found in animal feed, their incorporation has become essential for optimal animal growth and health.

The feed premix market report offers both qualitative and quantitative insights, covering market size, growth trends, and segment analysis. It also provides an in-depth examination of market dynamics and the competitive landscape, highlighting key aspects such as the animal feed industry overview, health benefits of feed premixes, technological advancements, and regulatory frameworks in key regions. Additionally, the report outlines strategies adopted by market leaders, offering a comprehensive view of industry trends and company profiles, making it a valuable resource for stakeholders in the feed premix industry.

Vitamin Premix to Dominate Market Due to Rising Demand from Commercial Livestock Farms

Regarding classification, the worldwide market for feed premix is divided into four main categories: antibiotics, vitamins, amino acids, and minerals. Specifically, in 2018, the vitamin category captured 57.7% of the global feed premix market. The analysis predicts that this segment will maintain its dominant position over the next few years, thanks to its substantial market share. This is attributed to the growing demand for feed enriched with vitamins, particularly from the expanding number of commercial livestock operations, which also aids in enhancing the animals' immune systems. These elements are projected to drive the segment's expansion in the future.

Provimi Jordan Develops Technologically Advanced Animal Nutrition Premix Plant

Cargill, a privately held global corporation, based in the U.S., announced that its animal nutrition business, Provimi Jordan inaugurated an advanced animal nutrition premix plant in Jordan in April 2019. The main aim of creating the plant is to offer sustainable and safe solutions to meet the changing demand of feed producers and farmers in the Middle East. The state-of-the-art plant possesses a production capacity of approximately 65,000 metric tons of premix per year. Moreover, it features a technologically advanced whole-process barcode record management system. It aids in enhancing full-traceability from raw materials to finished products. The plant combines a team of highly skilled nutritionists with an adjacent animal nutrition lab that is resulting in the creation of a unique platform for the company to enhance sustainable farming practices.

DSM Opens its Second Premix Plant in India to Cater to the Rising Consumer Demand

In October 2018, DSM, a leading company specializing in the fields of health, nutrition, and materials, headquartered in Netherlands, unveiled its second animal nutrition and health premix plant in India. The plant is situated in Jadcherla in Mahbubnagar. DSM promised that the plant would aid in offering premix solutions for the fields of aquaculture, dairy, and poultry to fulfill the ever-increasing consumer demand in the southeastern regions of the country. Its first premix plant is located at Ambernath in Maharashtra.

INDUSTRY DEVELOPMENTS

April 2019: Cargill’s animal nutrition business, Provimi Jordan, inaugurated an animal nutrition premix plant having a production capacity of approximately 65,000 metric tons of premix per year in Jordan to provide premix solutions to farmers and feed producers in the Middle East.