Feed premix Market Forecasts to 2028 – Global Analysis By Type (Minerals, Amino acids, Vitamins and Other Types), By Form (Organic, and Conventional), By Application (Swine care, Aquatic animals, Poultry and Other Applications) and Geography

Feed premix Market Forecasts to 2028 – Global Analysis By Type (Minerals, Amino acids, Vitamins and Other Types), By Form (Organic, and Conventional), By Application (Swine care, Aquatic animals, Poultry and Other Applications) and Geography

According to Stratistics MRC, the Global Feed Premix Market is accounted for $1.70 billion in 2022 and is expected to reach $2.50 billion by 2028 growing at a CAGR of 6.6% during the forecast period. Food premix is a blend of minerals, vitamins, and other functional ingredients that is used to stabilise food and beverages. Some of the major premixes are vitamin premixes, mineral premixes, nucleotide premixes, amino acid premixes, and botanical premixes. They are gaining traction in nutritional supplements and other food products because they improve overall quality and texture. Food premixes benefit bone health, immunity, digestion, heart health, and weight management.

According to the International Feed Industry Federation (IFIF), world compound feed production has reached 1 billion tons annually. The growth in production rate, particularly in the developing countries, was higher than in the developed countries.

Market Dynamics:

Driver:

Increasing need for compound animal feed

Animals continue to make significant contributions to the world's food supply. As a result, animal feeds have grown in importance as a component of the integrated food chain. Meeting consumer demand for more eggs, meat, milk, and other livestock products is heavily reliant on the availability of a consistent supply of suitable, affordable, and secure animal feeds. As a result of the massive increase in demand for livestock products worldwide, there is an increasing need for more feed supplies, which is driving market growth.

Restrain:

High costs involved in food fortification

The high costs associated with food fortification processes for large-scale food production are expected to impede the growth of the food premix market. Food fortification necessitates advanced technologies, for which many manufacturers outsource premix production, raising production costs. As a result, the high cost of food fortification is expected to hinder market growth.

Opportunity:

Increasing transparency in the supply chain of animal proteins

Increased demand for high-quality livestock protein products (milk, meat, etc.) is putting pressure on livestock farmers to feed their animals high-quality feed products in order to boost productivity and output quality. Consumers all over the world are becoming more concerned about the quality of the animal protein products they buy and consume, and as a result, they expect a high level of transparency in the supply chain of livestock products from production to consumption. Clean labelling and blockchain technologies are likely to increase consumer trust in the supply chain.

Threat:

Ban on antibiotics in different nations

Antibiotics have been used in feed for decades; however, the European Union (EU) banned the use of antibiotics in feed as growth promoters in 2006 due to the development of antibiotic resistance in microbes, which are used to treat human and animal infections. Following the EU ban, the use of antibiotics decreased in many countries around the world, due to overuse or misuse. In several countries, restrictions on the use of antibiotics as a growth promoter in feed forced companies to stop using antibiotics in feed premixes, hindering market growth.

Covid-19 Impact

COVID-19 has a negative impact on the global economic outlook for the first quarter of 2020. The immediate animal nutrition industry is experiencing significant supply chain disruption. The pandemic has affected countries such as Italy, Spain, France, China, and other key countries, as well as the supply chain and feed sector, which are struggling to meet demand. However, there have been numerous advances in animal medicine and related technological fields. This has increased both selling prices and farmer demand. However, the pandemic has resulted in lower-than-expected growth in the feed premix market.

The Poultry segment is expected to be the largest during the forecast period

During the forecast period, the poultry segment is expected to be the largest due to the rapid increase in demand for poultry meat, particularly in meat-consuming countries. It is a rapidly evolving industry. Furthermore, global demand for poultry meat is expected to rise further in the coming years as a result of increased costs and reduced availability due to increased demand for beef and pig meat. The most traded meat category, poultry, accounts for more than 40% of the total meat trade.

The Aquatic animals segment is expected to have the highest CAGR during the forecast period

During the forecast period, the aquatic animals segment is expected to register highest CAGR during the forecast period. This segment's rapid growth can be attributed to a growing emphasis on balanced commercial diets that promote optimal fish growth and health, rising global demand for fish and fish products, and the aquaculture industry's rapid growth.

Region with largest share:

Because of the region's growing number of poultry and aquatic animal farms, Asia Pacific holds the largest share for feed premix products. The region's large population and increasing demand for animal protein are expected to support the growth of livestock farming, which will in turn support the compound feed and feed premix market growth. Increased demand for feed premix products is expected as livestock farming becomes more commercialised in countries such as India and China. Furthermore, the presence of major key players is expected to drive the growth of the region's feed premix market in the coming years.

Region with highest CAGR:

The North America region is expected to grow significantly and is expected to register the highest CAGR growth during the forecast period due to increased demand for processed poultry products. Furthermore, rising demand for high-quality meat will drive the region's feed premix market growth during the forecast period. The rapid adoption of efficient and technologically advanced farm management practises by livestock farmers in this region would continue to drive market growth.

Key players in the market

Some of the key players profiled in the Feed Premix Market include Cargill, Incorporated, Kemin Industries, Land O'lakes, Inc., De Heus Animal Nutrition, Alltech, Inc., Zinpro Corporation, Novus International, Inc., AB Agri Ltd, Archer Daniels Midland Company, De Heus Animal Nutrition, DLG Group, Jubilant Life Sciences, Land O'Lakes, Inc., Koninklijke DSM N.V., Nutreco N.V. and Purina Animal Nutrition LLC.

Key Developments:

In January 2021, Cargill opened one of the world's largest premix and animal nutrition facilities in Ohio, United States. The build represents a USD 50 million investment from the company. It is a 220,000-square-feet facility with advanced technologies

In April 2019, Cargill animal nutrition business, Provimi Jordan, inaugurated an animal nutrition premix plant having a production capacity of approximately 65,000 metric tons of premix per year in Jordan to provide premix solutions to farmers and feed producers in the Middle East

In October 2018, DSM opened its second Animal Nutrition & Health premix plant in Jadcherla, India to meet the growing demand for tailor-made feed premix solutions in the country

Types Covered:
• Minerals
• Amino acids
• Vitamins
• Antibiotics
• Antioxidants
• Other Types

Forms Covered:
• Organic
• Conventional

Applications Covered:
• Swine
• Aquatic animals
• Poultry
• Ruminats
• Equine
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements