Feed Premixes Market Size was valued at USD 7.2 billion in 2022. The Feed Premixes market industry is projected to grow from USD 8.28432 Billion in 2023 to USD 19.222199 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 15.06% during the forecast period (2023 - 2030). The rise in demand for and consumption of livestock-derived products and the increased use of feed additives for the growth and development of farm animals are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Premix is a combination of feed additives, or one or more feed additives with feed materials or water used as carriers, and is not meant for direct feeding of animals. This premix is typically incorporated into the compound feed at 0 to 0 and a half percent. For this report, only feed premix has been considered. The report contains a thorough analysis of the market segments and factors affecting the development of the commercial feed premix industry.
The demand for and consumption of livestock-derived products, such as meat, eggs, and dairy-based products, is expected to rise, which will likely result in the increased use of feed additives for the growth and development of farm animals. According to the FAO, global meat production is predicted to rise by 16% by 2025. Poultry meat is primarily responsible for the rise in Global meat production because of its high demand, low cost of production, and affordable price in both developed and developing countries. The FAO reports that chicken meat production reached 120.5 million tons in 2017, as opposed to 118.7 million tons of swine, 70.8 million kilograms of cattle, and 14.9 million tons of ovine. Because of our growing understanding of the effects of food nutrients, particularly protein, on overall physical and mental growth and development, there is a growing trend toward animal-sourced protein in the form of meat, eggs, or milk has enhanced the Feed Premixes market CAGR across the globe in the recent years.
Based on the Ingredient type, the Feed Premixes Market segmentation includes Vitamins, Minerals, Amino Acids, Lipids, and Others. The Vitamins Feed Premixes segment held the majority share in 2022 contribution concerning the Feed Premixes Market revenue. Because there are more commercial livestock farms and a greater demand for feed fortified with vitamins. The sub-segment of vitamin premixes is anticipated to grow significantly in the global market as it is one of the main factors in promoting livestock growth and aiding in improving the animals' immune systems. Preparing mineral and amino acid feed premixes is also essential for giving livestock animals the nutrition they need. A diet deficient in vitamins and minerals can result in physical and mental health problems and lower productivity.
The Feed Premixes Market segmentation, based on livestock, includes Poultry, Ruminants, Swine, Aquaculture, and Others. The Poultry segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. escalating as a result of consumers' growing appetites for chicken and turkey. The recent dramatic increases in the consumption of poultry meat, eggs, and other products derived from animals. In addition, poultry meat and eggs rank among the most popular animal-derived foods consumed worldwide across a wide range of nations, cultures, and religions. Over the last few decades, there has been a significant increase in the consumption of poultry meat, eggs, and other products derived from animals. The main causes of rising demand have been population growth, urbanization, and rising wages in developing countries. Chicken rules the feed premix industry because it is widely affordable, has low-fat content, and faces few significant religious and cultural obstacles. The demand for poultry meat and eggs is expected to increase further due to population growth and rising individual consumption. The market for poultry meat is anticipated to expand regardless of location or income level, with emerging regions experiencing slightly faster per capita growth than established ones.
One of the market's fastest-growing segments is predicted to be this one. The ruminant segment is anticipated to hold the second-largest share, following the poultry segment, due to the increased addition of vitamins and minerals to commercial feed products. These are a few of the indicators that will help determine market trends for feed premixes over the forecast period. Hence, rising applications of metal material implants for Feed Premixes positively impact market growth.
Figure 1: Feed Premixes Market, by Types, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The Asia Pacific Feed Premixes market accounted for USD 0.88 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period due to the expansion of farms for poultry and aquatic animals in the area. The region's large population and rising demand for animal protein are expected to foster the expansion of livestock farming, which is anticipated to foster compound feed and feed premix market share. More feed premix products are anticipated to be needed due to the commercialization of livestock farming expanding in nations like China and India.
Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Feed Premixes Market Share By Region 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Feed Premixes market accounts for the second-largest market share. The livestock farmers in this area would quickly adopt effective and cutting-edge farm management techniques to support market expansion. Further, the Germany Feed Premixes market held the largest market share, and the UK Feed Premixes market was the fastest-growing market in the European region.
The North American Feed Premixes Market is expected to grow at the fastest CAGR from 2022 to 2030. The market would continue to grow due to the livestock farmers in this area quickly adopting effective and technologically advanced farm management techniques. Moreover, the US Feed Premixes market held the largest market share, and the CANADA Feed Premixes market was the fastest-growing market in the Asia-Pacific region.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Feed Premixes market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Feed Premixes industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
Manufacturing locally to reduce operating costs is one of the primary business strategies manufacturers adopt in the Global Feed Premixes industry to benefit clients and expand the market sector. In recent years, the Feed Premixes industry has provided medicine with some of the most significant benefits. The Feed Premixes markets major players such as Cargill Incorporated, Archer Daniels Midland Company (ADM), Dansk Landbrugs Grovvareselskab A.M.B.A. (DLG), BASF SE, Land O'Lakes Inc., Godrej Agrovet, Koninklijke, DSM N.V, and others are working on expanding the market demand by investing in research and development activities.
Cargill Incorporated to nourish the world in a safe, ethical, and sustainable manner; Cargill's 155,000 employees across 70 countries work tirelessly every day. We link customers with ingredients, farmers with markets, and people and animals with the food they require to survive every day. We serve as a trusted partner for customers in the food, agriculture, financial, and industrial sectors in more than 125 countries by fusing our 155 years of experience with new technologies and insights. We are constructing an agricultural future that is more robust and sustainable together.
Also, BASF SE We at BASF think people are the key to our long-term success, and everyone has talent. We give our employees the resources, direction, and chances they need to advance and succeed professionally and personally. We create chemistry by giving you the assistance required to perform at your peak and achieve your goals. After all, your success is correlated with ours. Whatever career path you want, BASF is a fantastic place to start.
October 2021: To provide premix solutions to farmers and feed producers in the Middle East, Provimi Jordan, a division of Cargill's animal nutrition business, opened an animal nutrition premix plant in Jordan with a production capacity of roughly 65,000 metric tons of premix per year.
To meet the rising demand for specialized feed premix solutions in India, DSM opened its second Animal Nutrition and Health premix plant in Jadcherla.
September 2020: The Archer Daniels Midland Company inaugurated a new feed premix plant in Zhangzhou, South China. The mill can produce eighty thousand metric tons of complete feed and concentrates and 30,000 metric tons of feed premixes annually.
Feed Premixes Regional Outlook
| Feed Premixes Market, by Types, 2022 & 2030 (USD Billion)Report Attribute/Metric | Details |
| Market Size 2022 | USD 7.2 billion |
| Market Size 2023 | USD 8.28432 billion |
| Market Size 2030 | USD 19.222199 billion |
| Compound Annual Growth Rate (CAGR) | 15.06% (2023-2030) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2030 |
| Historical Data | 2019 - 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Ingredients Type, Livestock, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Cargill Incorporated, Archer Daniels Midland Company (ADM), Dansk Landbrugs Grovvareselskab A.M.B.A. (DLG), BASF SE, Land O'Lakes Inc., Godrej Agrovet, Koninklijke, DSM N.V. |
| Key Market Opportunities | The increased use of feed additives for the growth and development of farm animals |
| Key Market Dynamics | The rise in demand for and consumption of livestock-derived products |
Feed Premix Market Highlights:
Frequently Asked Questions (FAQ) :
The Feed Premixes Market size was valued at USD 7.2 Billion in 2022.
The Global market is projected to grow at a CAGR of 15.06% during the forecast period, 2023-2030.
Asia Pacific had the largest share of the Global market
The key players in the market are Cargill Incorporated, Archer Daniels Midland Company (ADM), Dansk Landbrugs Grovvareselskab A.M.B.A. (DLG), BASF SE, Land O'Lakes Inc., Godrej Agrovet, Koninklijke, DSM N.V.
The Vitamins Feed Premixes category dominated the market in 2022.
Poultry had the largest share of the Global market.
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