Pune, India, January 08, 2018/ Market Research Future published a half cooked research report on the global feed premix market, which is estimated to grow at a CAGR of 4.4% during the forecast period, 2017-2023.
Market Overview
Feed premix are natural or chemical ingredients mixed with the feed to improve the feed performance. They offer additional nutrients such as minerals, antioxidants, amino acids and vitamins to the animal feed. Along with improving the feed quality, they also improve animal health by reducing livestock diseases. Additionally, feed premix market is observing an exponential growth based on its high usage in the feed industry. The major types of feed premix available in the market includes: amino acids, vitamins, antioxidants, minerals, and, antioxidants.
Market Forecast
Feed premix provides additional nutrients and improves the quality of livestock feed. Increasing use of antibiotics have raised the bacterial resistance in animals; thus raising a demand for low cost, high quality and effective alternative in poultry feed premix. Moreover, increasing awareness of animal health and rising concerns for animal nutrition is boosting the feed premix market. The global feed premix market is growing due to increasing meat consumption. With the growing consumer awareness and their increasing interest in healthy lifestyle, the demand for feed premix has increased recently.
Government is taking efforts to limit the use of antibiotics for poultry production to prevent adverse health effect on livestock. This has uplifted the growth of feed premix market. However, the high cost of processing and raw materials may hamper the feed premix market over the review period. The market players are responding to these new opportunities by expanding their service offerings/product lines, which has boosted the share of the feed premix in the global market. The global feed premix market is expected to grow at a CAGR of 4.4% during the forecast period 2017-2023.
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Downstream analysis
The global feed premix market is segmented into type, livestock, and form.
On the basis of the type, it is segmented into amino acids, vitamins, minerals, antioxidants, and others. Among all, the amino acids segment is dominating the market followed by antioxidants.
On the basis of the form, it is segmented into dry, liquid, and others. The dry segment is dominating the market.
On the basis of the livestock, the feed premix market is segmented into poultry, swine, ruminants, aquatic, and others. Among all, the poultry segment is dominating the market.
The major players in the feed premix market
- Land O Lakes Inc. (U.S.)
- Cargill Inc. (U.S.)
- ForFarmers N.V. (the Netherlands)
- Beijing Dabeinong Technology Group Co Ltd. (China)
- InVivo NSA SAS (France)
- Koninklijke DSM N.V. (the Netherlands)
- BIOMIN Holding GmbH (Austria)
- Godrej Agrovet Limited (India)
- De Heus Animal Nutrition BV (the Netherlands)
- Lallemand Inc. (Canada)
Regional Analysis
The global feed premix market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The Asia Pacific region is dominating the feed premix market followed by North America owing to rising population followed by increasing consumption of poultry and meat products in the developing regions. Moreover, China is the major exporter of poultry and meat, which, in turn, is driving the market of feed premix in the Asia Pacific region.
The U.S. dominates the North American feed premix market owing to the government regulations imposed on the use of antibiotics in livestock feed. Moreover, rising demand for poultry products in the North American region is likely to boost the feed premix market over the forecast period.
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