Feed Premix Market Size Report, Analysis and Growth 2030

Feed Premix Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Vitamins, Minerals, Amino Acids, Antibiotics, Antioxidants, Blends, and Others), Form (Dry and Liquid), Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others), and Geography

  • Report Code : TIPRE00004696
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 193
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Feed Premix Market Size Report, Analysis and Growth 2030

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[Research Report] The feed premix market size is projected to grow from US$ 11,732.50 million in 2022 to US$ 17,101.04 million by 2030. The market is expected to record a CAGR of 4.8% from 2022 to 2030.

Market Insights and Analyst View:

Feed premix is a complex mixture of one or more feed additives or nutrients such as amino acids, vitamins, minerals, antioxidants, and antibiotics. These premixes are mixed in feed materials to enhance the nutritional quality of animal feed and to provide essential micronutrients to animals. The demand for feed premixes across the globe is significantly increasing because of the surging demand for compound animal feed and rising awareness regarding the safety of livestock animals. These factors have significantly contributed to the growth of the global feed premix market

Growth Drivers and Challenges:

Industrial livestock production has undergone a significant transformation owing to the increasing demand for meat-based products and dairy products. Animal proteins account for 16% of energy and 34% of the protein in human diets. Livestock production also accounts for ~19% of the value of food production and 30% of the global value of agriculture. The demand for livestock products is driven by changing lifestyles and food preferences, increasing urbanization, growing income, and the rapidly rising world population. These factors significantly contributing to the growing feed premix market across the globe. Moreover, with burgeoning livestock demand, the consumption of protein-rich meat products is surging. Thus, growing consumption of livestock products, such as meat, and increasing milk production have encouraged manufacturers to focus on providing good quality and nutrient-rich feed for livestock. This drives the demand for feed premix as an additive among feed manufacturers and is further expected to propel the feed premix market growth across the globe.

The main causes of the rising demand for feed premixes in developing countries have been population growth, urbanization, and a rise in wages in developing countries. According to the Feed Industry Federation (FIF), compound feed production has reached 1000 million tons annually. This growth in production rate is particularly higher in developing countries than in developed countries. Modernizing livestock farms in developing regions to meet the growing demand for animal protein aids the feed premix market.

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Feed Premix Market: Strategic Insights

Feed Premix Market

  • CAGR (2022 - 2030)
    4.8%
  • Market Size 2022
    US$ 11.73 Billion
  • Market Size 2030
    US$ 17.1 Billion

Market Dynamics

GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players

  • Danish Agro AMBA
  • Agrifirm Group BV
  • Nutreco NV
  • Archer-Daniels-Midland Co
  • Cargill Inc
  • Koninklijke DSM NV
  • Dansk Landbrugs Grovvareselskab amba
  • NuSana BV
  • De Heus Voeders BV

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Type
  • Vitamins
  • Minerals
  • Amino Acids
  • Antibiotics
  • Antioxidants
  • Blends
  • Others
Form
  • Dry and Liquid
Livestock
  • Poultry
  • Ruminants
  • Swine
  • Aquaculture
  • Others
Geography
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South and Central America
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Report Segmentation and Scope:

The global feed premix market is segmented based on type, form, livestock, and geography. The market, by type, is segmented into vitamins, minerals, amino acids, antibiotics, antioxidants, blends, and others. Based on form, the market is bifurcated into dry and liquid. Based on livestock, the market is segmented into poultry, ruminants, swine, aquaculture, and others. The feed premix market, based on geography, is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

Segmental Analysis:

Based on type, the feed premix market is segmented into vitamins, minerals, amino acids, antibiotics, antioxidants, blends, and others. The blends segment holds a significant share of the market. Animal feed manufacturers usually face difficulty in the dosage of each nutrient in animal feed. Thus, feed additive manufacturers offer a blend of various nutrients that assist animal feed manufacturers with convenience. Premix in the form of a blend is one of the prominent segments as it has a balanced proportion of nutrients and animal feed manufacturers usually prefer a custom blend of feed premixes as an additive for their feed solutions. These factors drive the market growth for the blends segment.

Regional Analysis:

Based on geography, the feed premix market is segmented into five key regions: North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. Asia Pacific dominated the global market; the market in this region was valued at US$ 4,449 million in 2022. The market in North America is expected to register a CAGR of 5.5% during the forecast period. Asia Pacific is the largest producer of animal feed globally. According to Alltech Global, the region produced over 305 million metric tons of animal feed in 2020. Further, the region houses a few major animal stocks farming countries, accelerating the demand for animal feed ingredients such as feed premixes in the region. Moreover, Asia Pacific accounts for the largest human population among all five regions and contains ~60% of the global population. Hence, the region is witnessing strong demand for meat and dairy products, boosting the requirement for livestock production and subsequently favoring the demand for animal feed. The mass consumption of animal feed in the region and growing practices of feeding nutritious feed to livestock drive the feed premix market in the region.

Europe accounts for nearly ~20% of the market share. The feed premix market in Europe is witnessing strong growth due to the growing industrialization of meat production and the increasing demand for nutritional animal feed. Livestock owners are adopting healthy feed ingredients to produce healthy, quality, and nutritious animal meat products. Furthermore, Europe is known for its large variety of animal stocks and high demand for meat. As per the Eurostat (European Union), in 2020, Europe had nearly 146 million pigs, 76 million bovine animals, and 75 million sheep and goat stock. Such a huge stock of livestock animals requires enough animal feed, which is increasing the demand for feed premix. Thus, the mass production of animal feed and its consumption due to growing livestock are boosting the demand for nutritious feed additives such as feed premix. Thus, owing to all the factors mentioned above, the feed premix market is expected to grow significantly in Europe during the forecast period.

Industry Developments and Future Opportunities:

Initiatives taken by key players operating in the feed premix market are listed below:

  1. In June 2022, Nutreco N.V. received a US$ 4.8 million grant from the Bill & Melinda Gates Foundation to implement sustainable feed production in Sub-Saharan Africa. This will help improve the ESG initiatives of the company.
  2. In 2021, ADM acquired Vietnamese premix player Golden Farm Production & Commerce Company Limited. This strengthens its industrial and commercial coverage in a key feed market such as Vietnam.

Feed Premix Market Report Scope

Report Attribute Details
Market size in 2022 US$ 11.73 Billion
Market Size by 2030 US$ 17.1 Billion
Global CAGR (2022 - 2030) 4.8%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Type
  • Vitamins
  • Minerals
  • Amino Acids
  • Antibiotics
  • Antioxidants
  • Blends
  • Others
By Form
  • Dry and Liquid
By Livestock
  • Poultry
  • Ruminants
  • Swine
  • Aquaculture
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Danish Agro AMBA
  • Agrifirm Group BV
  • Nutreco NV
  • Archer-Daniels-Midland Co
  • Cargill Inc
  • Koninklijke DSM NV
  • Dansk Landbrugs Grovvareselskab amba
  • NuSana BV
  • De Heus Voeders BV
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    COVID-19 Pandemic Impact:

    The COVID-19 pandemic adversely affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA) hampered the growth of several animal feed manufacturing companies. The shutdown of manufacturing units disturbed global supply chains, production activities, delivery schedules, and essential and nonessential product sales. Various companies witnessed delays in product deliveries and a slump in their product sales in 2020, which hampered the feed premix market. The shortage of workforce, import-export ban, and limited supply of raw materials also led to a halt in operations and processes across the globe during the COVID-19 pandemic. These factors negatively impacted the market growth in the pandemic.

    However, in 2021, various economies resumed operations as several governments revoked the previously imposed restrictions, which positively impacted the global marketplace. Moreover, manufacturers were permitted to operate at full capacities, which helped them overcome the demand and supply gaps.

    Competitive Landscape and Key Companies:

    Danish Agro AMBA, Agrifirm Group BV, Nutreco NV, Archer-Daniels-Midland Co, Cargill Inc, Koninklijke DSM NV, Dansk Landbrugs Grovvareselskab amba, NuSana BV, De Heus Voeders BV, and Kemin Industries Inc are among the prominent players operating in the global feed premix market. These market players adopt strategic development initiatives to expand their businesses, further driving the feed premix market growth. 

    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Type, Form, Livestock, and Geography

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    Frequently Asked Questions


    Can you list some of the major players operating in the global feed premix market?

    Danish Agro AMBA, Agrifirm Group BV, Nutreco NV, Archer-Daniels-Midland Co, Cargill Inc, Koninklijke DSM NV, Dansk Landbrugs Grovvareselskab amba, NuSana BV, De Heus Voeders BV, Kemin Industries Inc are a few players operating in the global feed premix market.

    Which region is expected to register the fastest CAGR in the global feed premix market?

    North America is estimated to register the fastest CAGR in the global feed premix market over the forecast period. The mass production of animal feed in North America and the rise in food safety concerns, especially about meat and dairy products, have led to the increased consumption of nutritional animal feed infused with various nutrients in the form of feed premix in the region.

    Which region held the largest share of the global feed premix market?

    In 2022, Asia Pacific held the largest share of the global feed premix market. the region is witnessing strong demand for meat and dairy products, boosting the requirement for livestock production and subsequently favoring the demand for animal feed additives such as feed premixes.

    Based on type, which segment is leading the global feed premix market during the forecast period?

    Based on type, the blends segment held the largest share in the global feed premix market in 2022 as it has balance proportion of nutrients, and the animal feed manufacturers usually prefer custom blend of feed premixes as an additive for their feed solutions. This factor, thereby, drives the growth of the segment.

    Based on livestock, which segment held the largest share global feed premix market?

    Based on livestock, the segment is estimated to register the fastest CAGR in the global feed premix market over the forecast period. The growing aquaculture industry and rising awareness about the nutritional requirements of fish and other aquaculture animals boost the segment’s share.

    What are the major driving factors for the global feed premix market growth?

    Increasing livestock production and feed fortification the two key factors driving the feed premix market growth.

    The List of Companies - Feed Premix Market

    1. Danish Agro AMBA
    2. Agrifirm Group BV
    3. Nutreco NV
    4. Archer-Daniels-Midland Co
    5. Cargill Inc
    6. Koninklijke DSM NV
    7. Dansk Landbrugs Grovvareselskab amba
    8. NuSana BV
    9. De Heus Voeders BV
    10. Kemin Industries Inc

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