Feed Premix Market Anticipated To Grow And Surpass $24.93 Billion By 2032

A team of analysts at Zion Market Research (ZMR) anticipates the evaluation of the global feed premix market. The analysts estimate that the market is valued at USD 17.22 Billion in 2023. The market is forecast to reach USD 24.93 Billion by 2032, growing at a compound annual growth rate (CAGR) of 4.2% during the forecast period 2024-2032. The report illustrates various development and marketing approaches implemented by the renowned market players, along with the review of their product portfolios in the feed premix market. Some of the globally and regionally dominating market players specified in the market report as Cargill, DLG Group, Nutreco N.V., ADM, and Koninklijke DSM.

The ZMR-published global feed premix market report represents the global market into various segments for effective analysis. Based on the livestock, the market is bifurcated into Ruminants, Aquatic Animals, Pets, Poultry, Swine, and Equine. Based on the form, the market is categorized into Liquid and Dry. Based on the ingredient type, the market is divided into amino acids, antioxidants, vitamins, antibiotics, minerals, and others.

Growth Factors Likely To Propel The Global Feed Premix Market Growth:

Feed premixes market is likely to surge at a significant rate owing to its capability to provide a proper nutritive diet along with the improvement in the immune system of livestock during the recent disease outbreak phases. Moreover, farmers residing in rural and underdeveloped regions are receiving such information with the technological advancements, which eventually pushing the emerging companies to launch more localized premix products.

Among all the ingredients, Amino acid seems to hold a considerable market share in terms of volume, as it is an essential immunity-facilitating nutrient for livestock and present in an adequate amount in the raw feed materials including grains, cereals, and crops. Therefore, its acceptance across the various regions would probably boost the feed premix market during the forecast period.

In terms of revenue generation, the poultry segment holds the biggest share in the feed premix market. Based on the data gathered from the Food and Agricultural Organization (FAO), global meat production is expected to be surged by 16% by 2025. A remarkable rise in demand for poultry meat is the key factor propelling the growth of meat production. Lower product cost and production charge for the poultry meat also seem to raise its demand in both developed as well as developing regions. In 2017, over 120 million tons of poultry meat was generated, as per FAO statistics.

Asia Pacific is Anticipated To Grow At The Peak CAGR Among Other Regions Throughout The Forecast Period:

The demand for feed products in the Asia Pacific is significantly higher owing to the remarkable economic growth in this region, particularly in India, Japan, South Korea, and China. Based on the 2018 statistics, the Asia-Pacific was holding the market’s biggest share in terms of global meat production and is likely to sustain the dominant position in producing and consuming the bulk of the meat during the forecast period.

Browse the full “Global Feed Premix Market By Livestock (Ruminants, Aquatic Animals, Pets, Poultry, Swine, and Equine), By Form (Liquid And Dry), By Type (Amino Acids, Antioxidants, Vitamins, Antibiotics, Minerals, And Others), By Distribution Channel (Indirect, Direct), By End-Use (Nutraceuticals, Food Industry, Dietary Supplements), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/feed-premix-market

The global feed premix market is segmented as follows:

By Type (Value)

• Amino Acids
• Antioxidants
• Vitamins
• Antibiotics
• Minerals
• Others

By Livestock (Value)

• Ruminants
• Aquatic Animals
• Pets
• Poultry
• Swine
• Equine

By Form

• Liquid
• Dry

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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