Global Feed Premix Market
The GMI Research forecasts that the Feed Premix Market is witnessing an upsurge in demand over the forecast period. 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.
Introduction of the Feed Premix Market:
A feed premix is a combination of vitamins, medicaments, trace minerals, amino acids, diluents, and other supplements. It is mainly added to diets to achieve a sufficient level of vitamins and minerals and give them proper nourishment. Micronutrients, including vitamins, minerals, and amino acids, are mostly not found in animal feed.
Key Players of the Global Feed Premix Market:
- 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 Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
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.
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)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
