The poultry feed premix market size was valued at USD 1 billion in 2023 and is anticipated to reach USD 1.03 bn in 2024 from USD 1.29 bn by 2032, growing at a CAGR of 2.90% from 2024 to 2032.
Poultry feed premixes consist of different feed additives mixed with diluents that facilitate the rate of mixing. It ensures uniformity and homogeneity in feed for better nutrient availability.
Poultry is the most widely consumed meat in the world and its production is more than any other meat category. Poultry feed premix has become a vital part of the globally increasing livestock and meat production industries. Producers supply premixes to guarantee a uniform supply of nutrients to the animals and to augment their quality and productivity. The end users of the poultry feed premix are poultry, pigs, ruminants, fish, etc.
The growth of the European poultry feed premix market is mainly due to the growth in meat consumption and increasing population. With the latest technologies that focus on improving the quality of the premixes, there is a constantly increasing demand for them. Complex regulatory bodies in the European Union and the increasing cost of operations are the main factors hindering the growth of this regional market.
The vitamins segment leads the poultry feed premix market, followed by the minerals segment. Vitamins and minerals have been gaining substantial growth, as they serve as a vital factor in enhancing the growth of livestock and in the growth of the immune system. The reputation of trace minerals such as zinc, manganese, iodine, and selenium for their functional benefits leads to the strong growth of this segment along with vitamins.
The European market has been geographically segmented into Germany, the U.K., France, Spain, and Italy. This region has a market share of about 22% and is just trailing behind the Asia-Pacific region. This market is anticipated to grow steadily due to the increasing importance of animal health and wellness in the animal husbandry industry.
Some of the major companies dominating the market in this region are Cargill, Koninklijke DSM N.V., Nutreco N.V., Archer Daniels Midland Company, and InVivo Nutrition et Sante Animales.
Frequently Asked Questions
As of the latest data, the European poultry feed premix market will be valued at USD 1.03 million by 2024.
Europe includes major poultry-producing countries such as France, Germany, and the United Kingdom, where a robust poultry industry drives the demand for feed premixes.
In the United Kingdom, key trends include the increasing demand for antibiotic-free poultry products, the adoption of sustainable and organic premix formulations, and a focus on precision nutrition.
Eastern European countries face challenges related to diverse climatic conditions and varying poultry farming practices, requiring adaptability in feed premix formulations to meet regional needs.
Technological advancements in the Netherlands focus on precision dosing, innovative ingredient sourcing, and the integration of digital solutions to optimize the formulation of poultry feed premixes.
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