North America feed premix market has been estimated at USD 29.07 Billion in 2021 and is projected to reach USD 32.73 Billion by 2026, at a CAGR of 2.40% during the forecast period from 2022 - 2027. Feed premix are synthesized chemically and microbiologically to increase the nutritious value of feeds in order to improve its effect on farm animals. They help in improving appetite, digestion, and feed intake of animals. Feed premixes offer unique nutritional benefits that allow producers to maximize their profitability.
North America Feed Premix Market Drivers:
The major growth driver in the North American market is strong demand for high-quality meat from meat processing industry. Increased demand for cost-effective and high-quality feed and shift in consumption from red meat to white meat is also driving the market for feed premixes in North America. Lack of flexibility in diet formulation and lack of knowledge about the quality of the supplemental ingredients to be used in feed premix are some of the constraints on the feed premix market growth.
North America Feed Premix Market - By Ingredient Type:
North America 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:
North America is one of the major markets for feed additives in the world with a share of 34%. U.S. is the major market for feed premix industry within North America. U.S. market is focused on innovating cost-effective production process. Poultry is the largest consumer of feed premixes in North America. In North America, companies are committed to research, sourcing, quality and education, in providing nutritional technologies that are central to the success of customers.
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.
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