Asia-Pacific feed premix market has been estimated at USD 22.23 Billion in 2021 and is projected to reach USD 27.84 Billion by 2026, at a CAGR of 4.60% during the forecast period from 2022 - 2027.
Feed premix is a value-added solution for feeds with sustainable safety and quality. The main objective of food premixes is to deliver the micro-ingredients in a manner desired by the consumer. It provides strength to bones and muscles of the livestock, for healthy growth higher production. It also ensures proper coagulation of blood in livestock.
Increasing awareness among the farmers about the pros of using feed premixes is rising the demand in Asia-Pacific region. Consumers preferring white meat over red meat has led to increase in demand owing to health benefits from poultry meat consumption. But, lack of product awareness and rising raw material cost may affect overall industry and impact feed premix market price trend.
Asia - Pacific Feed Premix Market - By Ingredient Type:
Asia - Pacific Feed Premix Market - By Livestock:
In type, Vitamins are the most widely used premix. The demand for feed premixes in poultry industry accounted for the largest share and is projected to be the fastest-growing segment.
The Market is Geographically divided into:
On geographical basis Asia- Pacific Feed premix market is segmented into: China, India, Japan, Australia and others. China is the key market in the world for the consumption of feed additives and premix. Pork application may witness significant increase in demand owing rising consumption in Asia Pacific. Increasing consumer awareness regarding livestock health and hygiene are creating growth opportunities for feed premix market in this region.
Existing companies such as DSM and Nutreco have been actively involved in acquisition of regional suppliers and ingredient manufacturers in these regions to strengthen their market presence. Key strategies are being employed by major companies in developing markets of Asia-Pacific through the expansion of manufacturing plant capacities to meet the growing feed premix demand.
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