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Global Feed Premix Market Research Report - Segmentation By Ingredient Type (Vitamins, Minerals, Amino Acids, Antibiotics, Antioxidants), Livestock (Poultry, Swine, Aqua Animals, Equine, Pets), Form (Dry and Liquid) – Demand Analysis and Opportunity Outlook 2027

Published: January, 2022
ID: 356
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Feed Premix Market Size (2022 – 2027)

The Global Feed Premix Market was worth US$ 25.8 billion in 2022, and it is estimated to reach a valuation of US$ 34.9 billion by the end of 2027, expanding at an annual growth rate of 6.2% between 2022 and 2027.

Feed premix, also known as complex premix, trace mineral premix, and vitamin premix feed, is a type of feed additive made up of two or more types of nutritional feed additives blended with a carrier or diluents in a certain proportion. The feed premixes consists of vitamins, minerals, amino acids, antibiotics, antioxidants and consumed by livestock such as poultry, swine, aqua animals, equine, pets. Feed Premix enables for more precise mixing and distribution of these additives throughout the feed, ensuring adequate homogeneity of the feed additives in the finished product. The feed premixes helps in improving the immunity of the animals, for instance amino acids plays a vital role in building proteins block in animals body and also enhancing the fertility in the animals. Hence, addition of such nutritional additives in the feed will lead to increase the demand of feed premixes in the forecast period between 2022 and 2027.

Market Drivers

The driving force of the Feed Premix Market is increasing demand and consumption of the livestock based products such as dairy and dairy-based products, meats, eggs. The livestock farmers are using the feed additives for the growth and development of farm animals. According to the FAO data, the demand for global meat production will be increased 16% higher by 2025.

The poultry meat is the primary driver of this market due to its high demand, low cost production and lower product prices in both developed as well as developing countries. Additionally, the modernization of livestock farms in developing regions in order to meet the demand for animal protein is driving the growth of this market.

Moreover, the demand for quality livestock protein products is increasing which encourages the livestock farmers to feed their livestock with superior-quality feed products to enhance productivity and quality output. Also, the consumer across the world are becoming more conscious about the quality of the animal protein products they purchase and consume and hence, they expect a high level of transparency in the supply chain of the livestock products from the point of production to consumption. As a result, it is critical to improve feed nutrition by adding vitamins, minerals, amino acids, and other nutrients in order to ensure healthy livestock animal performance, which drives the growth of the feed premix market. In addition, increased consumer awareness of healthy food and the desire for export-quality meat products are predicted to fuel robust demand for feed premixes between 2022 and 2027, according to the estimate.

Market Restraints

The restrictions on the use of antibiotics, as a growth promoter in the feed premix I countries like EU, China, India, U.S acts as a major restraint in the growth of the feed premix market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

6.2%

Segments Covered

By Ingredient Type, Livestock, Form, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, RoW

Market Leaders Profiled

Koninklijke DSM N.V.(Netherlands), Nutreco N.V. (Netherlands), Cargill (US), Archer Daniels Midland Company (ADM)  (US), BEC Feed Solutions (Australia), DLG Group (Denmark), Charoen Pokphand Foods PCL (Thailand), Land O’Lakes (US), AB Agri Ltd. (UK), Phibro Animal Health Corporation (US)

 

Market Segmentation

Global Feed Premix Market - By Ingredient Type:

  • Vitamins
  • Minerals
  • Amino Acids
  • Antibiotics
  • Antioxidants

Based on Ingredient Type, the Global Feed Premix Market is segmented into Vitamins, Minerals, Amino Acids, Antibiotics, and Antioxidants. Amino Acids segment is expected to hold the largest share of feed premix market during the forecast period. Amino acid helps in building blocks for protein development in animals and hence increases the quality of the meat. Amino Acids are widely used in feed premixes in order to provide required nutrients to overcome dietary deficiencies. In addition to it, being building blocks of body protein, amino acids play a vital role various biochemical and metabolic processes in the cells of the animals. So, from growth to production and reproduction, amino acids play a large part in the productivity of the farm animals and can contribute significantly to the profitability of a farm. A variety of amino acids are fed to livestock as supplements for increasing their efficiency. Owing to these benefits amino acids drives the growth of feed premix market in the forecast period.

Global Feed Premix Market - By Livestock:

  • Poultry
  • Swine
  • Aqua Animals
  • Equine
  • Pets

Based on Livestock, the Global Feed Premix Market is segmented into Poultry, Swine, Aqua Animals, Equine, Pets. Poultry segment is going to dominate the market in the forecast period. The poultry industry consists of four main areas of production such as broiler, eggs pullets, and breeders. Poultry is the fastest growing industry because of rapid increase in the demand of poultry products. In some countries, the consumption of porcine and livestock meat is projected to be low due to religious beliefs, which in turn, drives the demand of poultry meat. Moreover, there will be rise in the demand of poultry meat in coming years due to increase cost of other livestock meat as compared to poultry meat.

Global Feed Premix Market - By Form:

  • Dry
  • Liquid

Based on Form, the Global Feed Premix Market is segmented into Dry and Liquid. Dry Form. Dry segment is projected to hold the largest share of feed premix market because dry form of feed premix can be easily handled and stored and has wide range of usages in livestock applications. The dry form is easier to mix with the feed and have a longer shelf life as compared to liquid form, owing to these reasons it is mostly preferred by the livestock farmers.

Global Feed Premix Market – By Region:

  1. North America
  2. Europe
  3. Asia-Pacific
  4. RoW (Rest of the World)

North America is the largest contributor of the feed premix market and is projected to remain second largest dominant region of this market in the forecast period due to rapid adoption of efficient and technologically advanced farm management practices by livestock farmers. United States is the major market for the feed premix industry in this region as US is focused on innovating cost-effective production process. Poultry is the largest consumer of the feed premix in this region. Moreover, the Companies in North America region is committed to research, sourcing, quality and education, in providing nutritional technologies that are focused on the success of the consumer.

Asia-Pacific is expected to hold the largest market share of feed premix market during the forecast period between 2022 and 2027. The key markets in Asia-Pacific region are China, India, Japan, Australia, Thailand, New Zealand, Vietnam and others. The Asia Pacific region, the presence of large livestock population is driving the market of feed premixes in the near future. Additionally, the increasing number of feed mills and feed production particularly is Japan and India is driving the growth of the market. Moreover, Asia-Pacific region is having large number of population and the increasing demand of animal protein is increasing, which in turn, support the growth of livestock farming that further will increase the demand of feed premix in order to meet the demand. Furthermore, the commercialization of livestock farming in countries such as India and China is expected to fuel the feed premix market in forecast period. 

Europe is expected to have a steady growth in this market during the projected period due to increasing importance for animal health and wellness animal husbandry industry.

Leading Company

Cargill had the largest share of the world’s feed premix in terms of sales revenue in 2020.

COVID-19 Impact on Global Feed Premix Market

The COVID-19 pandemic has severely affected the worldwide market. As a measure to control the spread of coronavirus disease the government across the world has imposed partial or complete lockdown which has majorly impacted several manufacturing and service industries including feed premix industry. Global Feed Premix Market has been significantly impacted by the COVID-19 outbreak. The demand for the animal feed across the globe was highly hampered by this outbreak that has resulted in the disruption of the supply chain restricting the product trade. The most abrupt threat to business in the feed premix industry lied with the supply chain disruptions particularly the down-chain suppliers was the main sectors that were struggling to meet demand. But as the situation is started fading, the demand of quality meat is increasing which will boost the growth of global feed premix market in forecast period.

Key Players

Some of the leading companies operating in the Global Feed Premix Market are 

  • Koninklijke DSM N.V. (Netherlands)
  • Nutreco N.V. (Netherlands)
  • Cargill (US)
  • Archer Daniels Midland Company (ADM)  (US)
  • BEC Feed Solutions (Australia)
  • DLG Group (Denmark)
  • Charoen Pokphand Foods PCL (Thailand)
  • Land O’Lakes (US)
  • AB Agri Ltd. (UK)
  • Phibro Animal Health Corporation (US)

Recent Developments

  • In November 2021, Royal DSM has announced that it has signed an agreement to acquire Norway-based Vestkorn Milling (one of the Leading producer of pea and bean-derived ingredients for plant-based protein products. This acquisition is a significant step in DSM’s strategy to build and alternative protein business in future and will provide synergy with DSM innovative “Canola PRO” which is a rapeseed protein is isolate and will commercially launch in 2022.
  • BEC Feed Solutions, established in Australia, inaugurated its new premix production facility in Carole Park, Brisbane, Queensland, in April 2021. According to BEC, its new plant would feature manufacturing space equipped with integrated technology, as well as a new warehouse and two-storey office block. This new plant allows BEC company to improve production capacity, accuracy, efficiency, traceability, any hygiene standard.

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