The feed premix market size is estimated to be valued at USD 21.6 billion in 2019 and is projected to be worth USD 30.9 billion by 2025, recording a CAGR of 6.2% during the forecast period. The growth in feed demand due to the increased in the consumption of livestock-based products is steering the growth of the market. Some of the major driving factors of the feed premix market include the rising demand for value-added feed and an increase in demand for animal protein.
The poultry segment is estimated to hold the largest market in the feed premix industry, in terms of value, in 2019
The poultry segment holds a larger market share in the feed premix market. According to FAO data, global meat production is projected to be 16% higher by 2025. An increase in demand for poultry meat is the primary driver for the growth of the overall meat production, owing to its high demand, low production cost, and lower product prices, both in developed and developing countries. According to FAO statistics, it has been stated that the production of poultry meat reached 120.5 million tonnes in 2017. This increase in demand for poultry meat is driving the need for feed premixes to be incorporated in compound feed.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=170749996
The increasing demand for feed premix in the Asia Pacific and Latin American regions is driving the growth of the feed premix market.
Asia Pacific and Latin America are witnessing an increasing demand for feed premix for use mainly in the poultry feed industries. The population of developing countries in the Asia Pacific region—such as India, China, Indonesia, Vietnam, and Thailand—are expected to consume meat at an annual rate of 2.4% till 2030, according to the FAO report on “World Agriculture: Towards 2015/2030.” This has increased the demand for high-quality feed concentrates and premixes to enhance the meat weight and quality of the animals. Key players in the premix market have sensed this opportunity to start premix production plants in these regions, to meet the growing demand for feed premixes. Similarly, in South America, Brazil housed the largest cattle population in 2017, with a headcount of 330 million, and is projected to grow at a rate well above the regional average, according to the FAO. It is expected that the rising consumer awareness for nutritious products and the requirement for export quality meat products can establish a strong demand for feed premixes.
Some of the major players operating in the feed premix market include Nutreco N.V. (The Netherlands), Koninklijke DSM (The Netherlands), Cargill (US), ADM (US), and DLG Group (Denmark), Charoen Pokphand Foods PCL (Thailand), Land O’Lakes, Inc. (US), AB Agri Ltd. (UK), Phibro Animal Health Corporation (US), BEC Feed Solutions Pty Ltd. (Australia), Kauno Grûdai (KG Group) (Lithuania), Devenish Nutrition, LLC. (UK), Lexington Enterprises Pte. Ltd. (Singapore), De Heus Animal Nutrition BV (The Netherlands), MEGAMIX LLC (Russia), Agrofeed Ltd. (Hungary), Cladan S.A. (Argentina), Kaesler Nutrition GmbH (Germany), Avitech Nutrition Pvt. Ltd. (India), and Advanced Animal Nutrition Pty Ltd. (Australia).
Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=170749996
Key questions addressed by the report:
- Who are some of the key players operating in the feed premix market, and how intense is the competition?
- What kind of competitors and stakeholders would be interested in this market? What will be their go-to-market strategy, and which emerging market will be of significant interest?
- How are the current R&D activities and M&A’s in the feed premix market projected to create a disrupting environment in the coming years?
- What will be the level of impact of new product launches on the revenues of stakeholders due to the benefits offered by the feed premix market, such as increasing revenue, environmental regulatory compliance, and sustainable profits for the suppliers?
- Which regions are expected to show an increase in feed premix consumption?
