“Global Feed Premix Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global feed premix market report has been segmented on the basis of ingredient type, form, livestock, and region.
Global Feed Premix Market: Overview
Feed premix is a mix of certain complex compounds such as minerals, vitamins, and other ingredients to increase nutritious value of feeds. Feed premix helps to improve effect on farm animals and also prevents them from various health-related issues.
Global Feed Premix Market: Dynamics
Increasing awareness regarding safety of meat and milk products, technological advancements in the manufacturing process as well as extensive research and development activities related to different ingredient type in developing as well as developed countries are some major factors expected to drive revenue growth of target market. In addition, feed premix enhances animal’s health, performance, and also focuses on animal health to prevent disease outbreak are some other factors expected to drive revenue growth of target market. Moreover, factors such as changing consumption pattern, industrialization of the livestock sector, incidences of counterfeit meat and dairy products along with a ban on antibiotics expected to boost demand for feed premix, which is expected to fuel growth of the global market.
A recent trend observed in target market is key players are focusing on organic and inorganic business development strategies to gain a larger share in the global market. In January 2019, for instance, Vilofoss, the premix and nutrition subsidiary of Denmark’s DLG Group, collaborated with milk and dairy products manufacturer, Prabhat Dairy, to develop its animal nutrition business.
However, increasing cost of feed ingredients may hamper demand for the products and restrain growth of the global feed premix market over the forecast period. In addition, stringent & time-consuming regulatory policies may affect use of feed premix in the future.
Global Feed Premix Market: Segment Analysis
Among the ingredient type segments, the vitamins segment is expected to account for higher revenue shares in the global market.
Among the form segments, the powder segment is estimated to account major share in term of revenue in target market and is anticipated to maintain its dominance over the forecast period.
Among the livestock segments, the poultry segment is anticipated to register significant growth rate over the forecast period.
Global Feed Premix Market: Region Analysis
Among the regions, the market in North America is expected to account for major share in terms of revenue in the global market, owing to ban of certain antibiotics. This ban is estimated to increase demand for feed premixes containing feed acidifiers, enzymes, and other direct-fed microbial (DFM) to improve meat production and quality. In addition, increasing number of health-conscious consumers along with growing demand for environmentally safe and chemical-residue-free meat products and milk products.
The feed premix market in the Asia Pacific accounted for the largest market share in 2018 and is projected as the fastest-growing market over the review period.
Global Feed Premix Market Segmentation:
Segmentation by Ingredient Type:
- Amino Acids
- Other Ingredients (Preservatives, organic acids, antioxidants, enzyme, pigments, and flavors)
Segmentation by Form:
Segmentation by Livestock:
- Aquatic Animals
- Other Animals (Pet animals, birds, and reptiles)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Koninklijke DSM N.V.
- Nutreco N.V.
- Cargill, Incorporated
- DLG Group
- Archer Daniels Midland Company
- Invivo Nutrition ET Sante Animales
- Charoen Pokphand PCL.
- Land O’lakes, Inc.
- AB Agri Ltd.
- Phibro Group
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