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Feed Premixes Market Trends

  • Report ID: GMI9227
  • Published Date: Apr 2024
  • Report Format: PDF

Feed Premixes Market Trends

The growing demand for animal protein and the need for improved animal productivity and health are driving substantial expansion in the feed premix industry. The growing use of species-specific and customized premix formulations, which enable producers to adapt nutrition for particular animal kinds and life stages for optimum development and efficiency, is one of the market's key trends.

The market for feed premixes is also increasing due to the growth of aquaculture, especially in Asia, as these products offer adequate nutrition for farmed fish and other aquatic species. In the feed premixes market, sustainability is a big trend, with producers emphasizing waste reduction and effective resource utilization. This is consistent with the industry's larger move toward greener methods. Additionally, technological developments like precision farming and data analytics are making a difference. Market analysis reveals increased investments in research and development to create innovative and effective premixes. This includes the exploration of novel bioactive compounds and alternative protein sources to enhance feed quality and animal health.

There are regional differences in the market, with North America and Asia Pacific having the highest levels of innovation and demand. Regulatory compliance is still important since different standards in different places can make trading across countries difficult. As producers focus animal health, productivity, and sustainable practices to fulfill the growing demand for high-quality animal products, the feed premixes market is expected to rise further overall. collaborations and partnerships between key players in the industry are driving market growth. By working together, companies can pool resources and expertise to develop advanced feed premixes and expand their market reach.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of feed premixes reached USD 19 billion in 2023 and will grow at over 6.1% CAGR between 2024-2032, led by increasing demand for innovative additives to enhance nutritional value and support optimal animal health.

The vitamin type segment recorded USD 7.8 billion in 2023 and is expected to reach USD 13.5 billion by 2032, owing to their vitality in immune system performance and bone growth.

Asia Pacific feed premixes industry generated a revenue of USD 6.2 billion in 2023 and will reach 10.9 billion in 2032, driven by expanding population and rising income levels.

Archer Daniels Midland Company, Cargil Inc, Champrix, Corbion, De heus animal nutrition, DLG, DSM, Farbest Brand, Glanbia Nutritionals, and Kemin among others.

Feed Premixes Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 255
  • Countries covered: 22
  • Pages: 305
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