Global Feed Premix Market Expected to Reach US$ 11,265.3 Mn by 2025, Surge in Demand for Healthy Meat and Other Livestock Products
“The Global Feed Premix Market growing at significant CAGR over the forecast years and estimated to reach US$ 11,265.3 Mn by 2025 owing to grow in number of livestock industries and surge in demand for quality food products across the globe”
The global feed premix market was valued at US$ XX Mn in 2018 and growing at a notable growth rate over the forecast years due to increase in the animal farming and surge in number of livestock industries around the globe. Moreover, rise in demand for quality food products coupled with increase in awareness about the feed premix among the farmers are drive the market over the forecast years. Moreover, rise in R&D for the launch of newer feed premix variants into market, rise in trading of meat and other livestock products, and grow in disposable income are anticipated to boost the global feed premix market over the forecast years. However, lack of awareness about feed premix products in underdeveloped countries, strict regulations for the product approvals, and upsurge in consumption of alternative feed products are impede the growth of feed premix market.
Global Feed Premix market segmented on the basis of product type, animal type, and region
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Vitamins Dominate the Global Feed Premix Market
Based on the product type, global feed premix market segmented into vitamins, amino acids, minerals, antibiotics, antioxidants, and others. Vitamins segment dominated the global feed premix market and the segment is burgeoning at 6.8% CAGR over the forecast years owing to increase in the adoption of vitamins to improve the immune system of livestock, better availability of the products, and launch of newer variants into market. Moreover, mineral feed premix accounted highest growth rate over the forecast years owing to surge in the awareness about the mineral premix among the farmers to improve the productivity of animals.
North America Leads the Global Feed Premix market
PBI’s global feed premix market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America dominated the global feed premix market and same trend is expected over 2019-2025 owing to increase in the awareness about feed premix products among the livestock owners in USA and Canada. Moreover, rise in R&D for the launch of newer products, grow in disposable income, and presence of huge number of market players in the region also boost the market over the forecast years. Europe feed premix market projected to exhibit significant growth due to surge in the adoption of feed premixes due to ban on certain antibiotics, and grow in demand for healthy livestock products.
Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players
Global feed premix market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance. In September 2017, DSM acquired Dutch premix company Twilmij to expand its business in Netherlands.
Key player’s profiles in the report are Koninklijke DSM N.V., Cargill, Inc., Land O’lakes, Inc., Kemin Industries, Archer Daniels Midland Company, Nutreco N.V., Phibro Group, Alltech, Inc., Lallemand Animal Nutrition, and InVivo NSA.
Precision Business Insights (PBI) in its report titled “Global Feed Premix Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
By Product Type
o Amino Acids
By Animal Type
o North America
• Rest of Europe
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• South Africa
• Rest of MEA
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