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Feed Premix Market Share

ID: MRFR//3729-CR | 109 Pages | Author: Snehal Singh| January 2019

There are important trends and shifts in the Feed Premixes market, indicating a continuously changing landscape of the global animal nutrition industry. People’s demand for feed premixes has increased in recent years due to increased consciousness among farmers and feed manufacturers on the importance of optimally feeding animals for health and productivity. One leading trend is precision nutrition where farmers now understand that there is a need for targeted and balanced nutritional solutions for different animal species at various stages.
The rise in world population coupled with higher demand for animal-derived products is a major driver of feed premixes demand. Livestock farming has expanded to meet the growing protein requirements of an increasing population prompting farmers to adopt feed premixes as a convenient means to supply their animals with critical vitamins, minerals, amino acids and others nutrients necessary for growth or performance.
The development of products has been driven by customization and innovation in the Feed Premixes markets. Manufacturers recognize that poultry, ruminants, fish farming and other livestock have diverse nutritional requirements; thus, they invest heavily in research aimed at creating specialized premix formulations tailored to address specific challenges faced by animals kept under various systems worldwide.
Globalization and supply chain integration within the animal nutrition sector affects market dynamics. The rising international trade in animal products and expansion of the livestock industry into new regions are driving up demand for standardized high-quality feed premixes.
Consumers’ preferences along with awareness affect also influence market developments relative to feeds mixes. This leads them towards healthy well-fed feeds stock hence making them conscious about food safety from these animals’ sources. Consequently, farmers and feed manufacturers are now using high-quality premixes that contribute to safe and nutritious production of animal products.
Regulatory developments and compliance form part of market trends in the Feed Premixes industry. Governments and regulatory bodies are developing guidelines on the use of feed additives and premixes for animal/human health purposes. In this respect, producers are now making their formulations conform to such regulations emphasizing safety characteristics in these products vis-à-vis standards. This has resulted in a more responsible use of feed premixes within livestock farming.

Covered Aspects:

Report Attribute/Metric Details
Base Year For Estimation 2022
Historical Data 2019 - 2021
Forecast Period 2023-2030
Growth Rate 15.06% (2023-2030)
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