Feed Premix Market Size, Trends, Future Growth, Forecast 2023-2028


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    The latest research study Feed Premix Market Trends: Global Industry Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global feed premix market reached US$ 19.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.

    A feed premix refers to a mixture of vitamins, trace minerals, medicaments, and diluents to improve the nutritional content of the feed. It is prepared by selecting raw materials and formulation, weighing, mixing, packaging, labeling, and storing the finished premix. Feed premix provides a powerful component to the feed for ensuring balanced and value-added ingredients. It helps in optimizing diet compositions and enhancing modern poultry production. Feed premix also assists in improving the essential body functions of animals, including performance, growth, fertility, immunity, etc. It offers numerous benefits, such as maintaining the acid-base balance and osmotic pressure, strengthening muscle function, controlling cell replication and differentiation, etc.

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    Feed Premix Market Trends and Drivers: 

    The escalating demand for livestock-based products is primarily augmenting the global feed premix market. Furthermore, the widespread adoption of compound feeds that offer nutrients to animals according to their several physiological requirements and growth stages is acting as another significant growth-inducing factor. Apart from this, continuous technological advancements in the production of feed premixes and the growing utilization of chemical-residue-free meat and milk items are positively influencing the global market. Moreover, the increasing consumer concerns towards animal health and wellness and extensive investments in R&D activities to introduce safe and nutrient-dense animal feed for improving quality and safety while maintaining cost-effectiveness are also propelling the market growth. Besides this, the rising need for high-value animal proteins is further catalyzing the global market. Additionally, declining feed conversion rates are expected to fuel the global feed premix market in the coming years.

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    Feed Premix Market Report Segmentation:

    Competitive Landscape:

    The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

    • Alltech
    • Archer-Daniels-Midland Company
    • Associated British Foods plc
    • Avitech Nutrition Pvt. Ltd
    • Cargill Incorporated
    • Charoen Pokphand Foods PCL
    • Dansk Landbrugs Grovvareselskab A.M.B.A.
    • De Heus Animal Nutrition B.V.
    • Kemin Industries Inc.
    • Koninklijke DSM N.V.
    • Lexington Enterprises Pte. Ltd.
    • Novus International Inc. and Nutreco N.V. (SHV Holdings).

    The report has been segmented the market into following categories:

    Breakup by Ingredient Type:

    • Amino Acids
    • Vitamins
    • Minerals
    • Antibiotics
    • Antioxidants
    • Others

    Breakup by Form:

    • Dry
    • Liquid

    Breakup by Livestock:

    • Poultry
    • Ruminants
    • Swine
    • Aquatic Animals
    • Equine
    • Pets

    By Geography:

    • North America: (United States, Canada)
    • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
    • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
    • Latin America: (Brazil, Mexico, Others)
    • Middle East and Africa

    Key highlights of the report:

    • Market Performance (2017-2022)
    • Market Outlook (2023- 2028)
    • Porter’s Five Forces Analysis
    • Market Drivers and Success Factors
    • SWOT Analysis
    • Value Chain
    • Comprehensive Mapping of the Competitive Landscape

    If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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