Feed Premix Market
Market Size:
The global feed premix market size was valued at USD 8.50 billion in 2018 and is projected to reach USD 21.92 billion by 2032, exhibiting a CAGR of 6.99% during the forecast period based on our analysis in the existing report. North America dominated the feed premix market with a market share of 28.35% in 2018.
Moreover, the feed premix market in the U.S. is projected to grow significantly, reaching an estimated value of USD 5.46 billion by 2032, driven by the rising demand for high-quality animal nutrition, advancements in livestock farming practices, and the growing emphasis on feed efficiency and animal health.
The global feed premix market is expected to gain impetus from the rising demand for balanced feed products, including micronutrients and macronutrients. This information is published in a report by Fortune Business Insights, titled, “Feed Premix Market Size, Share & Industry Analysis, By Type (Vitamins, Minerals, Amino Acids, and Antibiotics), Livestock (Poultry, Ruminants, Swine, Aquatic Animals, and Others), and Regional Forecast, 2019-2032.”
The report provides detailed information on the most significant factors of the global feed premix market that include market drivers, obstacles, regional analysis, key market developments, and challenges. It further contains in-depth data on prominent vendors, accurate predictions on change in buyer behavior and future trends.
List of Top Feed Premix Companies
- The Archer Daniels Midland Company
- Koninklijke DSM N.V.
- Nutreco N.V.
- Cargill, Incorporated (Provimi)
- Purina Animal Nutrition LLC
- Kemin Industries
- Land O’lakes, Inc.
- De Heus Animal Nutrition
- Alltech, Inc.
- Zinpro Corporation
- Novus International, Inc.
- Lexington Enterprises Pte. Ltd.
Source: https://www.fortunebusinessinsights.com/industry-reports/feed-premix-market-101543
Vitamin Premix to Dominate Market Due to Rising Demand from Commercial Livestock Farms
The global feed premix market is segmented into four primary categories: antibiotics, vitamins, amino acids, and minerals. Among these, the vitamin segment is the most significant, holding a commanding 57.7% market share as of 2018. Projections indicate that this segment will maintain its dominance, propelled by the growing demand for vitamin-fortified feed. This demand is primarily a result of the expanding number of commercial livestock farms, which utilize these premixes to strengthen animal immune systems and ensure overall health.
Provimi Jordan Develops Technologically Advanced Animal Nutrition Premix Plant
U.S.-based global corporation Cargill announced the April 2019 inauguration of a technologically advanced animal nutrition premix plant in Jordan, operated by its Provimi Jordan business. The facility was established to deliver sustainable and safe solutions tailored to the evolving needs of feed producers and farmers throughout the Middle East. With an impressive production capacity of approximately 65,000 metric tons per year, the plant utilizes a sophisticated whole-process barcode system to enhance full traceability of its products. This powerful combination of advanced technology and an on-site team of expert nutritionists working alongside an animal nutrition lab establishes a unique platform for advancing sustainable agricultural practices.
DSM Opens its Second Premix Plant in India to Cater to the Rising Consumer Demand
In October 2018, DSM, a leading company specialising in the fields of health, nutrition, and materials, headquartered in Netherlands, unveiled its second animal nutrition and health premix plant in India. The plant is situated in Jadcherla in Mahbubnagar. DSM promised that the plant would aid in offering premix solutions for the fields of aquaculture, dairy, and poultry to fulfill the ever-increasing consumer demand in the southeastern regions of the country. Its first premix plant is located at Ambernath in Maharashtra.
INDUSTRY DEVELOPMENTS
November 2024: ADM's innovative plant-based concepts won two awards at FoodBev's 2024 Plant-Based Taste Awards, highlighting the company's leadership in alternative protein solutions.
May 2023: DSM and Firmenich merged to form DSM-Firmenich, creating a global leader in health, nutrition, and bioscience. This strategic move combines DSM's scientific expertise with Firmenich's fragrance and taste capabilities.
