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Redding, California - May 28, 2024

Feed Premix Market to be Worth $14.09 Billion by 2031

Feed Premix Market by Type (Combination Premixes, Vitamin Premix, Mineral Premix, Amino Acid Premix, Nucleotide Premix, Nutraceutical Premix), Form (Powder and Liquid), Application (Ruminant Feed, Swine Feed, Aqua Feed) - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Feed Premix by Type (Combination Premixes, Vitamin Premix, Mineral Premix, Amino Acid Premix, Nucleotide Premix, Nutraceutical Premix), Form (Powder and Liquid), Application (Ruminant Feed, Swine Feed, Aqua Feed) - Global Forecast to 2031.’

According to this latest publication from Meticulous Research^®, the feed premix market is projected to reach $14.09 billion by 2031, at a CAGR of 4.5% during the forecast period 2024–2031. The growth of this market is driven by the advantages offered by utilizing food premixes over multiple ingredients, the growing demand for compound animal feed, and the rising awareness regarding meat product safety. However, stringent regulatory frameworks and storage & handling issues may restrain market growth.

Furthermore, the rising demand from emerging economies is expected to create market growth opportunities. Additionally, the increasing adoption of animal-derived protein and the integration of functional ingredients are prominent trends in the feed premix market.

Key Players

Some of the key players operating in the feed premix market are DSM-Firmenich AG (Switzerland), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Nutreco N.V. (Netherlands), InVivo Group (France), Jubilant Pharmova Limited (India), Koninklijke Coöperatie Agrifirm U.A. (Netherlands), Dansk Landbrugs Grovvareselskab a.m.b.a. (Denmark), Phibro Animal Health Corporation (U.S.), Purina Animal Nutrition LLC (U.S.), Burkmann Industries Inc. (U.S.), Danish Agro a.m.b.a. (Denmark), and De Heus Voeders B.V. (Netherlands).

The feed premix market is segmented based on type (combination premixes, vitamin premixes, mineral premixes, amino acids premixes, nucleotide premixes, fiber premixes, nutraceutical premixes, and other premixes), form (powder and liquid), application (poultry feed, ruminant feed, swine feed, aquafeed, and other feed applications), and geography (Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on type, the combination premixes segment is expected to account for the largest share of 31.1% of the feed premix market in 2024. This segment’s large market share can be attributed to the rising demand for compound feed, driven by the increasing need for vitamin and mineral-enriched foods to meet the nutritional needs of animals and growing consumer awareness regarding essential pet nutrition.

Based on form, the powder segment is expected to account for the larger share of 92.7% of the feed premix market in 2024. This segment’s large market share is mainly attributed to the advantages offered by powdered premixes over liquid premixes, such as better homogeneity, ease of handling & transport, and better stability. Moreover, the powder segment is projected to register a higher growth rate of 4.7% during the forecast period of 2024–2031.

Based on application, the poultry feed segment is expected to account for the largest share of 46.0% of the feed premix market in 2024. This segment’s large market share is mainly attributed to the growing demand for poultry feed due to rising poultry meat consumption and poultry farming, especially in developing regions like Asia-Pacific and South America. However, the aquafeed segment is projected to register the highest growth rate of 5.4% during the forecast period of 2024–2031. This growth is driven by the increasing emphasis on balanced commercial diets aimed at promoting optimal fish growth and health, along with the rising global demand for fish & fish products and the growth of the aquaculture industry.

Based on geography, in 2024, Asia-Pacific is expected to account for the largest share of 36.6% of the feed premix market. Asia-Pacific’s significant market share can be attributed to the growth in the compound animal feed industry, rapid economic growth, increasing demand for pet food supplementation in emerging and developing countries, including India, China, Indonesia, and Thailand, and rising investments from major players in the region.

Moreover, the market in Asia-Pacific is projected to register the highest growth rate of 5.5% during the forecast period. The growth of this regional market is driven by shifting consumption patterns, the industrialization of the livestock sector, instances of counterfeit meat and other products, and regulations banning the use of antibiotics as growth promoters.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=4083

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of type, form, application, and geography?
What is the historical market size for feed premix across the globe?
What are the market forecasts and estimates for the period 2024–2031?
What are the major drivers, restraints, opportunities, and trends in the feed premix market?
Who are the major players in the market, and what are their market shares?
What is the competitive landscape like in the feed premix market?
What are the different strategies adopted by the major players in the feed premix market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the feed premix market, and how do they compete with other players?

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Redding, California - May 28, 2024

Feed Premix Market to be Worth $14.09 Billion by 2031

Feed Premix Market by Type (Combination Premixes, Vitamin Premix, Mineral Premix, Amino Acid Premix, Nucleotide Premix, Nutraceutical Premix), Form (Powder and Liquid), Application (Ruminant Feed, Swine Feed, Aqua Feed) - Global Forecast to 2031

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