Feed Premix Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Poland, Belgium, Netherlands, Russia, Japan, China, India, South Korea, Malaysia, Sri Lanka, Brazil, Argentina, UAE, South Africa, Saudi Arabia), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI459
Rising demand for livestock and the subsequent efforts by farmers to enhance livestock health & productivity will drive feed premix market growth. Awareness regarding the importance of high food quality standards, especially for meat and other animal protein products, has heightened the need for transparency in livestock product supply. This in turn is boosting the significance of nutritional additives, such as feed premix, to enhance livestock health.
Feed premix refers to a mixture of macro- and micronutrient compounds like vitamins, minerals and amino acids, which is added to animal feeds, in order to improve their development and growth over a short period of time. Micronutrients, which are essential for, but absent in conventional animal feeds, comprise a major part of feed premix. Farmers’ burgeoning efforts to hasten livestock growth by ensuring optimum nutritional levels in their feeds are likely to expand product demand.
Livestock proteins, most notably meat and milk, among others, are gaining vast prominence in recent times. Meat and milk demand has surged immensely over the years, with production of meat quadrupling over the past five decades. Studies suggest that annual meat production on a global scale is over 320 million tons. Furthermore, the link between financial conditions and meat consumption is becoming increasingly more prominent, with developed regions like North America, Europe and Australia showing highest consumption of meat and poultry products.
This consumption trend has boosted demand for high-quality livestock protein products, which has in turn triggered feed premix market penetration, to ensure high productivity and output.
Amino acid-based feed premixes are a popular addition to animal feeds in recent years. Amino acids such as threonine, Lysine, tryptophan and methionine, among others possess several benefits that can help enhance the digestibility of animal feeds. These properties coupled with the extensive use of amino acids as sport and dietary supplements is anticipated to propel feed premix industry expansion from the segment.
The feed premix market from the poultry segment is also poised to gain significant traction over the forecast spell. This growth is attributed mainly to the shifting consumer preference for white meat over red meat due to higher health & environmental benefits, and the subsequent upsurge in demand for poultry-based products.
The global feed premix market share is strengthened by the presence of players such as Nutreco, DSM, Archer Daniels Midland, Cargill, and InVivo NSA.
Key market players, as well as other major entities in the meat industry are taking significant efforts to boost their presence and gain a stronghold in the market space, through strategic moves such as partnerships as well as product expansions.
For instance, Russian meat manufacturer Miratorg has initiated premix production by expanding production capacity to over 60 thousand tons annually, in Bryansk. This expansion is a part of the company’s target to accommodate proliferating demand for mineral and vitamin supplements for animal feed, in an effort to double beef & pork production by 2023. The premix production will also enable Miratorg to increase availability of high-quality and cost-effective meat products to consumers.
Likewise, Layn has also expanded its business scope into the feed additive and antibiotic alternatives sector, by introducing a new antioxidant product line to be used in animal feeds.
The global coronavirus pandemic has caused massive upheaval for global trade trends, especially for the meat production industry, as closure of restaurants and other food outlets and rising uncertainty regarding meat-consumption has led to a dip in demand. For instance, the impact of the crisis in the United Kingdom has manifested largely as a rising shift in preference towards more meat-free dietary habits, as well as a growing demand for longer-lasting non-perishable goods.
Recently, however, the UK is working towards recovering from this influence, by placing more emphasis on the export of red meat products, particularly to Asian markets. According to the Agriculture and Horticulture Development Board (AHDB), these export activities are generating ample growth prospects for the UK meat production industry, which could in turn pave the way for advancement of feed premix market dynamics in the years ahead, as the focus on high-quality livestock production becomes stronger.
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