Global Feed Premix Market Insights Forecasts to 2033

• The Global Feed Premix Market Size was Valued at USD 19.5 Billion in 2023
• The Market Size is Growing at a CAGR of 4.47% from 2023 to 2033
• The Worldwide Feed Premix Market Size is Expected to Reach USD 30.2 Billion by 2033
• North America is Expected to Grow the fastest during the forecast period.

The Global Feed Premix Market Size is Anticipated to Exceed USD 30.2 Billion by 2033, Growing at a CAGR of 4.47% from 2023 to 2033.

Market Overview

A feed premix is a uniform mixture of one or more micro-ingredients with a medium or diluent that is intended for ingestion by animals but is required in minute amounts. In order to accelerate the development and growth of animals, feed premix is a combination of a few specific complex chemicals, such as minerals, vitamins, and amino acids, that is added to animal meals. The feed premix includes both macronutrients and micronutrients. Carbohydrates, fat, and other macronutrients are required in large quantities, but micronutrients (such as vitamins, amino acids, and minerals) are needed in small quantities for an animal to grow and develop. The micronutrient is the most critical, although it is frequently overlooked in animal nutrition. Micronutrients include vitamins, minerals, and amino acids, among other nutrients, that the body needs in minimal quantities. Most of these micronutrients are unavailable from animal diet. As a result, people have started feeding animals feed premix, which is made up of huge amounts of all the micronutrients. This facilitates the animals' access to healthy food. To animal feed, feed premix is added for consumption. As a result, demand for feed premix manufacture has increased significantly. Farmers use feed premix to accelerate the development of their animals, increasing their income and, as a result, the demand for feed premix in the global market. In response to increased livestock demand, farmers are shifting to quality feed that can enhance cattle development.

Report Coverage

This research report categorizes the market for the global feed premix market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global feed premix market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global feed premix market.

Driving Factors

A rise in consumer demand and consumption of livestock-based products that include dairy, milk-based products, meat, and eggs is predicted to stimulate the use of feed additives for the continued development and growth of agricultural livestock. Poultry meat is the primary catalyst of the increase in worldwide meat production, and its strong demand, low costs of production, and reduced product pricing, both in developed as well as emerging nations. As people become more aware of the function and characteristics of food nutrients, particularly protein, in total mental as well as physical growth and development, there is a rising demand for animal-sourced protein in the form of meat, eggs, and milk. With rising demand for chicken meat and an expanding livestock industry, governments across the world are implementing measures such as subsidies, grants, and technical support to boost efficiency, improve facilities, and assure food security. Consumers throughout the world are increasingly more concerned with the quality of the animal protein products they buy and consume, thus they want a high level of transparency in the cattle supply chain from manufacturing to consuming. Clean labeling and blockchain technology are anticipated to boost supply chain transparency for consumers.

Restraining Factors

Small-scale and subsistence farmers may face challenges in implementing commercial feed premixes due to a variety of factors, such as limited access to distribution channels, limited financial resources, and limited awareness of the benefits of premix usage. Dedicated marketing strategies, educational programs, and distribution networks are necessary to address these adoption barriers. To ensure product safety, efficiency, and fulfillment of animal feed restrictions, the premix feed industry adheres to stringent legal guidelines and quality certification criteria. Transportation constraints, logistical challenges, and supply chain bottlenecks can all have an impact on how quickly premix feed products reach the market. To meet consumer and market requirements, it is critical to sustain an effective logistics and supply chain management infrastructure.

Market Segmentation

The global feed premix market share is classified into type, livestock, and form.

• The amino acids segment is expected to hold the highest share of the global feed premix market during the forecast period.   

Based on the type, the global feed premix market is divided into vitamins, minerals, amino acids, antibiotics, and antioxidants. Among these, the amino acids segment is expected to hold the highest share of the global feed premix market during the forecast period. Amino acids are commonly utilized in feed premixes to supplement dietary deficits. Amino acids serve as the building blocks for protein production in animals and are required to improve meat quantity as well as quality.

• The poultry segment is expected to hold the largest share of the global feed premix market during the forecast period.   

Based on livestock, the global feed premix market is divided into poultry, ruminants, swine, aquatic animals, equine, and pets. Among these, the poultry segment is expected to hold the largest share of the global feed premix market during the forecast period. It is a rapidly changing sector, driven by rising demand for poultry meat, particularly in India and many Islamic nations. Due to religious views, it is anticipated that consumption of animal and porcine meat will be minimal in these nations (India), which will enhance the demand for poultry meat.

• The dry segment is expected to dominate the global feed premix market during the forecast period.

Based on the form, the global feed premix market is divided into dry and liquid. Among these, the dry segment is expected to dominate the global feed premix market during the forecast period. Factors include reduced manufacturing costs, versatility in animal applications, and ease of handling and storage. Feed premixes in dry form are simpler to mix with feed and have an extended lifespan than liquids, hence they are popular among feed manufacturers.

Regional Segment Analysis of the Global Feed Premix Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to dominate the global feed premix market over the predicted timeframe.

 Asia Pacific is anticipated to dominate the global feed premix market over the predicted timeframe. The rise of this regional market is being pushed by altering consumption habits, the commercialization of the livestock sector, cases of counterfeit meat and other products, and rules prohibiting the use of antibiotics as growth boosters. Furthermore, the region's growing population and rising disposable incomes are driving up demand for animal-derived products, requiring livestock producers to implement improved feeding practices. Furthermore, rising demand for protein-rich foods due to increased knowledge of the benefits of protein consumption is driving market expansion, notably in China. Furthermore, increased demand for protein-rich foods as people become more aware of the importance of protein consumption is driving market growth, particularly in China. In China, 80–85% of fitness enthusiasts chose high-protein meals, including protein drinks and powders, as their main source of energy and to build stronger muscles.

North America is expected to grow at the fastest pace in the global feed premix market during the forecast period. Due to its substantial animal protein consumption and sizable livestock sector, North America is a major market for feed premixes. The market has grown steadily, owing to rising demand for high-quality dairy, meat, and eggs, as well as advances in animal nutrition science and technology. The aquaculture, pet, swine, cattle, and poultry industries are among the livestock enterprises that receive services from the feed premix market in North America. Customized premix formulas are required to fulfill the nutritional requirements and production processes of various businesses, taking into account the individual species, life phases, and manufacturing procedures involved.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global feed premix market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Cargill, Incorporated
• Archer Daniels Midland Company (ADM)
• BASF SE
• Land O’Lakes, Inc.
• Koninklijke DSM N.V.
• Nutreco N.V.
• Purina Animal Nutrition LLC
• Kemin Industries
• De Heus Animal Nutrition
• Alltech, Inc.
• Zinpro Corporation
• Phibro Animal Health Corporation
• BEC Feed Solutions
• Godrej Agrovet Limited
• Agrofeed Ltd.

• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In December 2023, Avitech Nutrition introduced NanoSel, a small-molecule version of selenium specifically tailored for the animal feed industry. NanoSel enhances the immune system's reaction, antioxidant defense, hormone metabolism, cell growth, and the quality of meat, among other advantages.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global feed premix market based on the below-mentioned segments: 

Global Feed Premix Market, By Type

• Vitamins
• Minerals
• Amino Acids
• Antibiotics
• Antioxidants

Global Feed Premix Market, By Livestock

• Poultry
• Ruminants
• Swine
• Aquatic Animals
• Equine
• Pets

Global Feed Premix Market, By Form

• Dry
• Liquid

Global Feed Premix Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa