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blog details: Meticulous Research®—a leading global market research company, recently released a comprehensive report titled ‘Feed Premix market by Type (Combination Premixes, Vitamin Premixes, Mineral Premixes, Amino Acid Premixes, Nucleotide Premixes, Nutraceutical Premixes), Form (Powder and Liquid), Application (Ruminant Feed, Swine Feed, Aqua Feed) - Global Forecast to 2031.’
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According to the report, the global feed premix market is projected to reach $14.09 billion by 2031, growing at a CAGR of 4.5% from 2024 to 2031. Several factors drive this growth, including the increasing advantages of utilizing feed premixes over individual ingredients, the rising demand for compound animal feed, and growing awareness of meat product safety. However, strict regulatory frameworks and challenges in storage and handling are anticipated to restrain market expansion.
The market outlook remains positive, with opportunities arising from emerging economies. The increasing adoption of animal-derived protein and the incorporation of functional ingredients are also key trends shaping the future of the feed premix industry.
Key Players
Prominent companies operating in the feed premix market include:
DSM-Firmenich AG (Switzerland)
BASF SE (Germany)
Archer Daniels Midland Company (U.S.)
Cargill, Incorporated (U.S.)
Nutreco N.V. (Netherlands)
InVivo Group (France)
Jubilant Pharmova Limited (India)
Koninklijke Coöperatie Agrifirm U.A. (Netherlands)
Dansk Landbrugs Grovvareselskab a.m.b.a. (Denmark)
Phibro Animal Health Corporation (U.S.)
Purina Animal Nutrition LLC (U.S.)
Burkmann Industries Inc. (U.S.)
Danish Agro a.m.b.a. (Denmark)
De Heus Voeders B.V. (Netherlands)
Market Segmentation
The feed premix market is segmented by type, form, application, and geography.
By Type:
The market is categorized into various premix types, including combination premixes, vitamin premixes, mineral premixes, amino acid premixes, nucleotide premixes, fiber premixes, and nutraceutical premixes. Among these, the combination premixes segment is projected to hold the largest market share of 31.1% in 2024. The rising demand for compound feed, enriched with essential vitamins and minerals, is driving the need for these premixes, particularly as awareness of animal nutrition increases globally.
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By Form:
The market is segmented into powder and liquid forms, with the powder segment expected to dominate the market, accounting for a massive 92.7% share in 2024. The powder form offers several advantages over liquid alternatives, including better homogeneity, ease of handling, and improved stability. This segment is also projected to experience a higher CAGR of 4.7% during the forecast period, further solidifying its prominence.
By Application:
The feed premix market is further segmented by application into poultry feed, ruminant feed, swine feed, aquafeed, and other feed applications. The poultry feed segment is expected to lead, capturing 46.0% of the market in 2024, driven by increased poultry consumption and farming activities, particularly in developing regions like Asia-Pacific and South America. Notably, the aquafeed segment is poised for the highest growth, with a CAGR of 5.4% during 2024–2031. This rise is fueled by the growing focus on commercial diets to enhance fish health and growth, coupled with the expanding aquaculture industry.
Regional Outlook
Geographically, the Asia-Pacific region is set to dominate the global feed premix market in 2024, holding a 36.6% share. Several factors contribute to this leading position, including the expanding compound animal feed industry, robust economic growth, rising demand for pet food supplements in countries like India, China, Indonesia, and Thailand, and increased investments by major market players. The region is also forecasted to achieve the highest growth rate of 5.5% over the next several years. Key drivers for this regional surge include the industrialization of the livestock sector, shifting dietary preferences, and regulations limiting the use of antibiotics as growth promoters.
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In conclusion, the global feed premix market is on a steady growth trajectory, driven by the increasing demand for high-quality animal feed and growing concerns around food safety and animal nutrition. The market's future promises significant opportunities, particularly in the Asia-Pacific region, with rising investments and evolving consumer preferences.
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