Feed Premixes Market Research Report- Forecast till 2027

Feed Premixes Market Research Report- Forecast till 2027

ID: MRFR/AGR/3729-CR | January 2019 | Region: Global | 109 pages

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Overview:


The global feed premixes market is expected to register a CAGR of 3.55% to reach USD 12,325.2 million by 2023. The market trend and growth in the feed premix market is higher and more inclined towards livestock-based products such as dairy products, meat, and eggs. The Asia-Pacific region is projected to show the fastest and highest growth in the market, which has currently recorded 36.26% alone and is estimated to emerge as the global leader in Feed Premix Industry by 2026. Factors such as an increase in consumption of poultry products, rise in population and hence demand, growing economy in developing and developed nations such as India, China, Brazil, etc, and rise in standards of living, etc, have contributed to the growing demand of processed and more convenient food items. Advanced technology and improvement in manufacturing quality and quantity have helped to meet growing demand in the feed premixed product market.


 


COVID-19 Analysis:


The pandemic has affected the entire world and different markets which then has proven in their declining rate of economy and profits but the feed premix market is not much affected by COVID-19 or are hit moderately. Technical and medical advancement has given the power to process the food and immune the livestock products and add some nutritional value to the animal feed premixes. Injections and additives in the granular form are used to immune meat and add extra valuable nutrients which have given a rise to selling rates as people are demanding well-processed and more nutritional poultry products. COVID-19 outbreak has lowered the growth of the feed premixes market than it was expected to grow but overall it has allowed animal feed premixes from a market perspective.


 


Market Dynamics:


Drivers: Three Major drivers are driving the growth and trend in the feed premixes market currently and these drivers are helping the feed industry to increase its cost and value in the market.



  • Increase in Demands of Livestock Products: Asia-Pacific region has shown the highest demand for livestock products and this is the region with the most population-dense nations. Alongside this livestock products such as dairy products, meat, and eggs are in demand around the globe. According to the data and surveys, it is projected that livestock products will increase in demand by 16% by 2025.

  • Precision and Additional Nutritional Feed Products: People are demanding Feed premixes products with the additional nutrition value and precisely added additional nutrition. This demand has also increased due to pandemic reasons when people are demanding animal feed premixes and additives in granular form. Thus, it has driven the growth of Feed premixes even during the pandemic time.

  • Surging Demand for Animal Feed Premixes: Feed Premixes industry has outgrown and spread its ranges in many demanding countries because of the surging demand for animal feed premixes in the feed industry.


Opportunities: With the advancement of science in the technical and medical field, feed premixes are growing and implementing science to better their status and create opportunities in the future.



  • New Feed Premixes Formulation: To build a growing future for Feed Premixes industries and create a better environment for its growth in the market, innovative feed premixes formulations are to be made and demanded. Thus, opening opportunities for Food formulation Doctors.

  • Developing Strong Consumers of Feed Premixes: Higher the consumers, higher the demand for feed premixes and especially animal feed premixes. To meet the demand of consumers and provide them with quality products and services to develop a strong consumer network, more manufacturing plants have to be set up in demanding regions especially.                


Restraints:



  • Ban of Antibiotics: Due to overuse and misuse of antibiotics and other chemicals which are used to avoid the animal and human infection and some as growth promoters, European Council decided to ban the use of antibiotics and other chemicals which was later implemented in the highest demanding countries such as India and China.

  • Bioavailability, Scalability, and Mixability of Feed Premixes Ingredients: It is very important to mix feed premixes ingredients in the right way and the right quantity to manufacture quality premix.


Challenges:



  • Sustainability: One of the key challenges for Feed Premixes is the sustainability of the feed chain. Feed chain and livestock chain are to be sustained so that the future does not lack quantity and quality of feed products. An efficient feed chain compromise of a clear legislative framework, access to safe feed premix and cost-effective service, implementing science for innovation, and continuous improvement in working technique.

  • Maintaining Environmental Balance: As per the growing demand for livestock products and as per the projection that this demand will grow in coming years, it is important to look after ecological and environmental balance that can be lost during the manufacturing process and setting a manufacturing plant.


 


Regulatory Implications:


The feed premixes are regulated and checked at different levels. Various techniques, methods, and processes are implemented to define the quality, ingredients, and material used for feed premixes and mixtures. Different countries have different regulatory checks to specify and authorize the sale of the feed product. For example, European Union(EU), banned the use of antibiotics for feed premixes, and similarly, few countries demand the label of ingredients and use of genetically modified organisms and plants. There are no such regulations for Feed Premixes manufacturers in the USA and Canada.


 


Segment Overview:



  • By Type-


By nutrition type, amino acids were concluded for having the highest shares in Feed Premixes Market. Amino acids are the essential acids produced in human beings that combine to form proteins in the body and these formed proteins help to break down the food. A variety of amino acids are fed to livestock animals as supplements to increase their efficiency and nutritional value of those animals.



  • By form-


By form of the product, dry segments are accounted for having the largest share in the Feed Premix market. It is so because dry segments are easy to store and can be preserved for a much longer time than other forms of the product. Also, dry feed ingredients are easy to mix with feed to form premixes. Also, they are easily transportable and less need less care during the processes.



  • By Dominance-


 Livestock and poultry products hold the largest share for being the dominant segment in the feed premix market as they are in high demand by the feed premix consumers. The highest number of feed premixes consumers are consuming livestock products and this has given the feed premixes market the highest profit. Poultry products are set to be in rising demand in the future.


 


Regional Analysis:


Asia-Pacific region holds the highest percentage of consumers of the Feed Premixes market. In recent years, the Feed Premix industry has focused on these nations such as India, China, Thailand, Brazil, etc which are producing the highest demand for these products. The Asia-Pacific region has accounted for 35.6% alone and is projected as the global leader of feed premixes by 2026. According to surveys and data, 16 out of 20 top feed companies are located in this region. Recently, new plants are set up and developed in these regions to meet the growing demand of the consumers.


 


Competitive Landscape:


The major majors which are playing as key players in the development and growth of the Feed Premix market are mostly targeting developing countries and a few developed nations. Some of those companies 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, etc.


These companies are using strategies and innovations to attract and form strong consumers around the globe. Few of them are joining together in a partnership to form a stronger team. For example, Land O'Lakes Inc. came into partnership with the Netherlands-based Royal Agrifirm Group, for developing a dairy animal feed joint venture in China.


 


Recent Developments:



  • In October 2020, Royal DSM- a global science-based company acquired Erber Group’s Biomin and Rober Labs (Austria). Erber’s Biomin looks after the health management of animals and other organisms whereas Rober Labs look after the nutrition or feed and safety of those animals. Thus, DSM helped enhance its nutrition and health businesses in the global market.

  • In May 2019, Bayer Animal Health GmbH (Germany) and Nutreco agreed to collaborate for the development and growth of animal health and animal nutrition industries.


 


Report Overview:


A feed premix is a value-added combination of livestock such as meat, eggs, and dairy products with nutrition elements such as Vitamins, amino acids, minerals, lipids, and other nutrients. The reports present a detailed analysis of feed premix market demands and conditions till 2023.  It includes the animal feed premix market details such as growth factors, highest consuming region, developments in the field, etc.



Frequently Asked Questions (FAQ) :


The Feed Premix Market is expected to grow at a CAGR of 3.8% over the next 5 years.

Factors such as an increase in demand for livestock products, added nutritional valued meat and feed products, surging demand for animal feed products, etc, contribute to the price of the feed premix market.

Asia-Pacific region is projected to be the global leader of the feed premix market in the next 5 years.

India, China, Australia, Thailand, Japan, etc are included in the Asia-Pacific region.