Leading Feed Premix Application Markets 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. Poultry segment is expected to be the highest contributor to this market, with $6,580.1 Million in 2020, and is anticipated to reach $11,337.4 Million by 2029, registering a CAGR of 6.29%. Aquatic animals segment is anticipated to reach $3,094.1 Million by 2029 with the highest CAGR of 7.26%. Poultry and Ruminants segments collectively expected to account for about 59.1% share of the Feed Premix market in 2020, with the former constituting around 33.2% share. Aquatic animals and Poultry segments are expected to witness significant growth rates at a CAGR of 7.26% and 6.29% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 41.5% in the overall Feed Premix market in 2020, and is anticipated to reach 45.6% by 2029.
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