Feed Premix Market By Livestock (Swine, Ruminants, Poultry, Aquatic Animals, Others), By Type (Vitamin, Minerals, Amino Acids, Antibiotics), By Form (Organic, Conventional): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global feed premix market was valued at $5,097.7 million in 2021, and is projected to reach $11,361.6 million by 2031, registering a CAGR of 8.8%. North America was the highest revenue contributor, accounting for $1,983.0 million in 2021, and is estimated to reach $3,999.3 million by 2031, with a CAGR of 7.7%.
The feed premix industry is currently driven by increasing demand for dairy products, increasing demand for meat and meat products, rising population, and growth of the livestock industry. Furthermore, increasing demand for organically grown livestock is expected to propel the demand for feed premix. Feed premix are used in animal feed to enhance the nutritional value of the animal feed.
Majority of contagious diseases that affect people are animal-borne. While intensive farming multiplies the burden of the disease because to the high density, genetic proximity, increased immunodeficiency, and live transit of farmed animals, traditional feeding systems like bushmeat and backyard farming enhance the dangers of disease transmission from wild animals. In addition, some of the products used in feed premix are high in cholesterol and saturated fat and, therefore, standardization is a necessity. The starch content, fat-free content, and other tests are undertaken by the International Organization of Standardization to prevent animals from any uncertain diseases. However, more than 70% of antibiotics are used in livestock, and these antibiotics are illegally added to animals’ diets for the purpose, such as weight gain or treating illness. Such standardization in meat production is likely to propel the growth of food premix market globally.
Raw materials in the animal feed premix market include, cereal grains, fats & oils, added vitamins, minerals, and other nutritional sources. High nutrient value is present in all cereals and protein meals. However, monogastric animals cannot properly utilise them because the complexity of feedstuffs, a digestive system that is only partially effective mechanisms and cost associated with raw material to prepare wide range of feed premix. Moreover, feed premix production is tasked with constantly producing high-quality premix tends to force the manufactures to opt for quality raw material that costs higher than other material available in the market. The volatile price of these raw materials is expected to hamper the growth of the global animal feed additives market. Moreover, increased prices of protein meals is also anticipated to restrain the market growth, as it allows producers to add low-cost ingredients in feed additives, which later harm the health of animals. This in turn hampers the growth of the market.
Also, stringent government regulations associated with product approval are likely to hamper the market growth. For instance, in European Union (EU), substances for reduction of the contamination of feed by mycotoxins are classified within the technological feed additives category. This group of products must be registered following the rules described in Regulation EC 1831/2003, which lays out the procedure for the registration of feed additives.
The demand for organic feed among growers is expected to create an opportunity among feed premix manufacturers. The growing demand for organic food products owing to the rising consumer awareness regarding the consumption of these food products along with the availability of healthy food options from various manufacturers is encouraging the livestock growers to adopt the use of organic ingredients in animal feed.
Increased productivity and growth rates, the treatment of animals who are clinically ill, and prevention or reduction of infectious disease are all advantages of antibiotics in animal feed premix. However, among these, enhanced efficiency, or a more effective conversion of feed to animal products, and an improved growth rate, are by far the most common uses of antibiotics in the feed premix market. In addition, tetracycline and penicillin, for instance, significantly increase egg production, feed efficiency, hatchability in chicken feed, and impact on mortality. The use of antibiotics in animal feed premix has witnessed a significant growth in recent decade. Some of the countries outside Europe use antimicrobials to increase the growth rate of livestock, poultry, and other farmed animals. In addition, China is one of the biggest producers and consumers of antibiotics. Thus, rise in utilization of antibiotics in livestock is expected to provide potential opportunities for the market growth.
The feed premix market is segmented into livestock, type, form, and region. On the basis of livestock, the market is categorized into swine, ruminants, poultry, aquatic animals, and others. By source, it is fragmented into conventional and organic. Depending on form, it is segregated into dry, liquid, and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Singapore, New Zealand, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, UAE, and rest of LAMEA).
The key market players included in the feed premix market analysis are Alltech, Inc., BASF SE, Bentoli, Inc., BERTOL COMPANY s.r.o, Cargill, Incorporated, Clariant Ltd, Koninklijke DSM N.V., EW Nutrition GmbH, GLOBAL NUTRITECH, Impextraco N.V., Norel, S.A, SVH Holding N.V., Olmix S.A., Perstorp Holding AB, Simfa Labs Pvt. Ltd., Virbac S.A., and Kemin Industries.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the feed premix market analysis from 2021 to 2031 to identify the prevailing feed premix market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the feed premix market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global feed premix market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Livestock
Swine
Ruminants
Poultry
Aquatic Animals
Others
By Type
Vitamin
Minerals
Amino Acids
Antibiotics
By Form
Organic
Conventional
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Russia
Rest Of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Singapore
New Zealand
Rest Of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Rest Of LAMEA
Key Market Players
Koninklijke DSM N.V.
BASF SE
Cargill, Incorporated
SVH Holding N.V.
Alltech, Inc.
Royal Agrifirm Group
Archer Daniels Midland Company
AgroFeed Ltd.
De Heus Voeders B.V.
Kemin Industries, Inc.
Novus International, Inc.
Phibro Animal Health Corporation
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