The global feed premix size is estimated to be valued at USD 24.3 billion in 2021 and is projected to reach a value of USD 32.9 billion by 2026, growing at a CAGR of 6.2% during the forecast period. The growth of this market is attributed to the increasing demand and consumption of livestock-based products.
Although the regional network to reach customers (such as compound feed mixers and integrators) is established through distributors, the feed premix market has been moving toward a more service-based offering gaining popularity in the market. The distribution of premixes without damage to the nutrient quality requires effective packaging systems and a strong supply chain. To maintain the stability and effectiveness of the products, manufacturers prefer to deliver the product at the customer’s location. The approach can increase customer satisfaction as well as improve the market presence of the company.
“The market for amino acids segment projected to grow at the highest CAGR between 2021 and 2026.”
The amino acids segment is the most dominant as well as fastest-growing type in the Feed premix market.
Amino acids are widely used as feed premixes to provide the nutrients required to overcome dietary deficiencies. Amino acids function as building blocks for protein development in animals and are essential to enhance meat quality and quantity. The amino acids play an important role in the protein intake of the livestock. Thus, this segment is expected to grow with the highest CAGR.
“The dry segment is projected to grow at the highest CAGR between 2021 and 2026.”
For dry by form in feed premix market is also the highest contributor in the global market.
Feed premixes in the dry form are easier to mix with feed and provide a longer shelf life than in the liquid form, due to which they witness high preference among feed manufacturers. Several leading players in this market offer a wide range of dry feed premixes, which provide improved gut health, immunity, and other aspects of health. For instance, Cargill and DSM are among the leading players in this market and offer a range of dry feed premix.
“Poultry segment, by livestock is projected to grow at the highest CAGR between 2021 and 2026.”
Poultry is the most traded meat category which accounts for more than 40% of the total meat trade. According to the FAO, the global poultry meat production was nearly 111.8 million tons in the year 2015. Furthermore, the demand for poultry meat is projected to remain high in developing economies. For instance, in 2013, the FAO stated that the US was the largest poultry meat producer in the world, followed by China. However, China is set to overtake the US as the largest producer in the next few years.
“Asia Pacific market for feed premix is projected to grow at the highest CAGR during the forecast period “
Asia Pacific is projected to be the largest region in the global feed premix market during the forecast period. This market is majorly driven by factors such as a rise in consumption of meat and seafood, increase in per capita income, rapid urbanization, and the increase in adoption of convenience food products.
China is projected to dominate the Asia Pacific feed premix market during the forecast period. The increase in consumption of meat and poultry food products in this country has driven the growth of the feed premix market.
The breakup of the profiles of primary participants is as follows:
- By Manufacturers: Tier 1 – 70%, Tier 2 – 10%, and Tier 3 – 20%
- By Designation: CXOs – 45%, Directors – 33%, Others – 22%
- By Geography: Asia Pacific – 57%, Europe – 23%, North America – 8%, South America – 6%, and RoW – 6%
Some of the major players in the market include Koninklijke DSM N.V. (Netherlands), Nutreco N.V. (Netherlands), Cargill (US), Archer Daniels Midland Company (ADM) (US), BEC Feed Solutions (Australia), DLG Group (Denmark), Charoen Pokphand Foods PCL (Thailand), Land O’Lakes (US), AB Agri Ltd. (UK).
The report segments the feed premix market based on ingredient type, form, livestock, and region. in terms of insights, this report has focused on various levels of analyses?competitive landscape, end-use analysis, and company profiles?which together comprise and discuss views on the emerging & high-growth segments of the Feed premix high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons To Buy the Report:
- Illustrative segmentation, analysis, and forecast pertaining to the feed premix market based on type, species, application, and geography have been conducted to provide an overall view of the Feed premix market
- Major drivers, restraints, and opportunities for the feed premix market have been detailed in this report.
- A bird’s eye view of the pricing, trade situation, technological changes, and market ecosystem has been provided in the report.
- Detailed insights into the competitive landscape have been provided for established players and start-ups in the industry.
- Breakdown of the market share of major players in the feed premix market has been provided after analyzing the segmental revenue, product portfolio, and global presence of the manufacturers