Global Feed Premix Market
The GMI Research projects that the Feed Premix Market will perceive an escalation in demand over the forecast period. This is because of the amplifying tendency of accurate nutrition across feed producers, superiority in the premixes system, feed intake, and digestion in animals.
Introduction of the Feed Premix Market:
A feed premix refers to a blend of amino acids, medicaments, vitamins, trace minerals, diluents, and other supplements. It is appended to livestock diets to help them attain the required level of vitamins and minerals as well as providing them with adequate nourishment. Micronutrients, such as minerals, vitamins, and amino acids, are not present in animal feed. Thus consumers put feed premix into animal feed to get a healthy diet.
Key Players of the Market:
- Koninklijke DSM N.V
- Archer-Daniels-Midland Company
- AB Agri Ltd.
- Phibro Animal Health Corporation
- Lexington Enterprises Pte. Ltd
- Cargill, Incorporated
- BASF SE
- Land O’Lakes, Inc.
- Devenish Nutrition, LLC
Feed Premix Market Dynamics
The aggravating demand for livestock-based products such as dairy protein and meat by individuals is energizing the demand of the global feed premix market. In addition, the surging consciousness towards feeding animals with suitable nutritional values to elevate their health and productiveness further bolsters the feed premix market size. Also, they assist in improving the healthiness of livestock and restraint diseases which is another factor paving the way for market growth. Moreover, the rising information concerned with the importance of superior quality norms in the food industry, such as meat and other products, is encouraging the endorsement of the feed premixes by farmers.
Besides this, the premix offers nourishing supplementation that helps in attaining better quality products, including meat, milk, eggs, leather, fur, and wool by the cattle, which is further strengthening the market size. Additionally, the ongoing progression in technology and surging recognition among farmers, incorporation of sophisticated animal husbandry practices such as genetic engineering, vaccine technology, biometric sensors, dust filtering technology, and the accomplishment of artificial intelligence to administer farm animals have extended the animal husbandry industry. Thus, all these factors together are impelling the market growth. However, stringent government rules, a prohibition on antibiotics in various countries, and the inflated cost of premix ingredients will restrain the Feed Premix market size.
Ingredient Type Segment Drivers
According to the ingredient type, the market is bifurcated into vitamins, minerals, amino acids, antibiotics, and antioxidants. Amongst all of these, the amino acid is contemplated to dominate the market with the highest growth rate during the forecast period. This is because of their exacerbating application for an ample range of animals, such as sheep, cows, pigs, and hens. Also, according to the Feed Premix market trends, they include proteins and polypeptides that encourage a faster growth rate to amplify the production, and reducing the incidences of diseases in animals, thereby fuelling the feed premix market share.
Feed Premix Market Segmentation:
Segmentation by Ingredients Type
- Amino Acids
Segmentation by Livestock
- Aquatic Animals
Segmentation by Form
Segmentation by Region:
- United Kingdom
- Rest of Europe
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- South Africa
- Saudi Arabia
About GMI Research
The market research and consulting enterprise proffers business perception and market research reports for various industries, including small, medium enterprises as well as large companies. The research team of GMI organisation and industry experts carry out market intelligence studies to certify and ensure that all material and factual information passes to extensive range of sectors which include Technology, FMCG, Healthcare, and Energy. The expertise team accumulates all the required information about the industry applying internal as well as external databases. The prime concentration of our team is to acknowledge clients with all the prospective circumstances and difficulties faced by different industrial verticals. Also, our by fits and starts support through vital and consultative services assist clients grasp a directorial and legislative decision. The research organisation got spotlighted in the list of Silicon Magazine as one of the most foremost market.
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