Asia-Pacific Feed Premix Market Databank
The Feed Premix market was valued at $19,821.6 Million in 2020, and is projected to reach $31,641.6 Million by 2029 growing at a CAGR of 5.39% from 2021 to 2029. Amino acids segment is expected to be the highest contributor to this market, with $5,851.5 Million in 2020, and is anticipated to reach $8,372.7 Million by 2029, registering a CAGR of 4.11%. Antioxidants segment is anticipated to reach $5,066.9 Million by 2029 with the highest CAGR of 6.90%. Amino acids and Vitamins segments collectively expected to account for about 47.7% share of the Feed Premix market in 2020, with the former constituting around 29.5% share. Antioxidants and Minerals segments are expected to witness significant growth rates at a CAGR of 6.90% and 6.85% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 30.0% in the overall Feed Premix market in 2020, and is anticipated to reach 34.1% by 2029.
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