Growth opportunities in the Feed Premix Market look promising over the next six years. This is mainly due to the rising trend of precision nutrition among feed manufacturers and enhancement in the system, digestion, and feed intake in animals.
Feed Premix Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The augmenting demand for products based on livestock such as meat and dairy protein by individuals is one of the major drivers supplementing the growth of the global feed premix market. In addition, the soaring recognition about nourishing animals with proper nutritional values to enhance their health and productivity further strengthens the feed premix market size. Also, they help to enhance the health of livestock and control diseases which adds to the market growth. The surging knowledge related to the importance of better quality standards in foods, such as meat and other products, is supporting the adoption of the product by farmers.
Additionally, these premixes proffer a nutritional supplement that assists in attaining high-quality products, including milk, meat, eggs, fur, leather, and wool by the cattle, which is proliferating the market growth. The ongoing modernizations in technology and knowledge among farmers, integration of progressive animal husbandry practices including vaccine technology, genetic engineering, dust filtering technology, biometric sensors, and the implementation of artificial intelligence to supervise farm animals are enlarging the animal husbandry industry, thereby contributing to the market growth. However, rigorous government regulation, a ban on antibiotics in various countries, and the excessive cost of premix ingredients will curb the market growth.
Ingredient Type Segment Drivers
Based on ingredient type, the market is segmented into minerals, vitamins, amino acids, antibiotics, and antioxidants. Amongst these, the amino acid is projected to lead the market during the forecast period. This is primarily owing to their aggravating application for a wide range of animals, including cows, sheep, pigs, and hens. They contain proteins and polypeptides that promote an improved growth rate helps to raise the production, and decrease the cases of diseases in animals, thereby upgrading the feed premix market share.
Feed Premix Market’s leading Manufacturers:
- Koninklijke DSM N.V
- Archer-Daniels-Midland Company
- AB Agri Ltd.
- Phibro Animal Health Corporation
- Lexington Enterprises Pte. Ltd
- Cargill, Incorporated
- BASF SE
- Land O’Lakes, Inc.
- Devenish Nutrition, LLC
Feed Premix Market Segmentation:
Segmentation by Ingredients Type
- Vitamins
- Minerals
- Amino Acids
- Antibiotics
- Antioxidants
- Others
Segmentation by Livestock
- Poultry
- Ruminants
- Swine
- Aquatic Animals
- Equine
- Pets
Segmentation by Form
- Dry
- Liquid
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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