Feed premix is mixtures of two or more ingredients, prepared commercially for livestock animals. They improve feed performance when added to feed. Also, it helps in enhancing the immune system, digestion, and feed intake in the animals. These premixes are commonly available in dried, and liquid forms. They not only improve feed quality but also animal health by reducing livestock diseases.
Growing population in developing countries has increased the demand for production of poultry, ruminants, and other livestock for consumption, which has uplifted the demand for feed premix in the market. Furthermore, increasing consumption of poultry and meat products is adding fuel to the growth of the global feed premix market.
Growing health concerns among the increasing global population together with increasing awareness about the benefits of feed premix is expected to uplift its demand. Feed premix is identified to be an effective alternative to the conventional antibiotics used in the poultry production.
Feed premix has gained status globally, as they improve the quality as well as quantity produced by the animals. Changing consumer’s preferences towards a healthy diet, natural products, and increasing meat consumption are the key drivers for the market. High nutritional benefits obtained from feed premix are also supporting its sale across the globe. Additionally, the enhancement of the product coupled with technological advancements is considered to be one of the significant reasons for the increasing growth of the feed premix market during the forecast period, 2017-2023.
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Some of the key players profiled in the global 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), and Lallemand Inc. (Canada)
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2017 to 2023
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
The Asia Pacific region is dominating in the global feed premix market
The demand for feed premix is high from poultry and livestock holders
December 2017, Cargill Inc. has opened its first animal nutrition premix plant in the Philippines. Local employees will produce animal nutrition premix solutions, made available to customers under the Provimi brand.
Feed premix manufacturers
Raw material suppliers
Retailers and wholesaler
Traders, importers, and exporters
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 market followed by North America. In the Asia Pacific region, China is the major contributor of poultry products, which, in turn, is boosting the market growth in this region. Furthermore, increasing consumption of poultry and meat products and rapidly growing population in developing countries of Asia Pacific is giving a push to the growth of the feed premix market.
Moreover, rising demand for poultry products in countries like the U.K and Germany in the European region is projected to boost the feed premix market over the review period.