Press release
Feed Premix Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Feed Premix
How Large Will the Feed Premix Market Size By 2025?
The market size of feed premix has seen a significant acceleration in growth recently. The market, which was valued at $24.05 billion in 2024, is projected to reach $26.65 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.8%. The past growth in this market has been driven by factors such as awareness about nutrition, concerns regarding livestock health, governmental regulations, and population growth.
How Big Is the Feed Premix Market Size Expected to Grow by 2029?
Anticipated to experience swift expansion in the forthcoming years, the feed premix market size is set to reach a staggering amount of $39.8 billion by 2029, boasting a compound annual growth rate (CAGR) of 10.5%. The surge in growth during the forecast period can be credited to factors such as urbanization, disease prevention, sustainability measures, and advancements in research and development. Key trends projected for this period include personalized nutrition, products with clear labelling, the implementation of digital technology in the agricultural sector, alternative sources of protein, and climate-resilient formulations.
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Which Key Market Drivers Powering Feed Premix Market Expansion and Growth?
The feed premix market is anticipated to grow due to the rising demand and consumption of livestock-based products. Livestock-based products like eggs, dairy products, and meat products see a boost in their nutritional value when feed premix, rich in vital vitamins and minerals, is added to the diet of the livestock. This practice enhances the production of such products, especially milk. The growing consumption and preference for dairy and meat products is escalating the sales of livestock-based products, in turn, fuelling the demand for feed premix. As reported by The United States Department of Agriculture, a US federal agency, in May 2024, there is a predicted increase by 0.84% in the total production of red meat and poultry for 2024. Moreover, the agency projects a rise in beef production by 130 million pounds amounting to 26.455 billion pounds towards the end of 2024 as a result of the shift in cattle slaughter timing and an increase in fed cattle weights. Hence, this surge in demand for livestock-based products is a key factor driving the growth of the Feed Premix market.
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Which Fast-Growing Trends Are Poised to Disrupt the Feed Premix Market?
Leading firms in the feed premix industry are using breakthrough formulations and cutting-edge nutritional technologies to improve animal health and productivity, answering the growing need for premium feed solutions in various livestock sectors. The latest manufacturing facility of DSM in Egypt includes advanced Bühler Technologies and a barcoding control system, bolstering production efficacy and traceability while upholding high levels of food safety, quality, and environmental sustainability. For example, in September 2024, the Netherlands-based Koninklijke DSM N.V., a firm specialized in nutrition, health, and beauty, inaugurated a new premix and additives manufacturing facility in Sadat City, Egypt. This development displays the company's dedication to satisfying the increased demand from mid-range and large livestock farms, along with feed millers for innovative feed additives and premixes. This modern 10,000 square meter facility is equipped with advanced Bühler Technologies, a holistic plant control system with barcoding, and an annual production capacity of 10,000 tons, maintaining high standards in efficiency, food safety, quality, and environmental sustainability.
What Are the Emerging Segments in the Feed Premix Market?
The feed premix market covered in this report is segmented -
1) By Type: Amino Acids, Antioxidants, Antibiotics, Vitamins, Minerals, Other Types
2) By Form: Dry, Liquid
3) By Livestock: Ruminants, Swine, Aquatic Animals, Poultry, Pets
Subsegments:
1) By Amino Acids: Essential Amino Acids, Non-Essential Amino Acids
2) By Antioxidants: Synthetic Antioxidants, Natural Antioxidants
3) By Antibiotics: Tetracyclines, Macrolides, Penicillins
4) By Vitamins: Fat-Soluble Vitamins, Water-Soluble Vitamins
5) By Minerals: Macro Minerals, Trace Minerals
6) By Other Types: Probiotics, Enzymes, Flavoring Agents
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Who Are the Global Leaders in the Feed Premix Market?
Major companies operating in the feed premix market include Advanced Animal Nutrition Pvt. Ltd., Archer Daniels Midland Company, BASF SE, BEC Feed Solutions PTY Ltd., Cargill Inc., Nutreco N. V., DLG Group, Charoen Pokphand Foods Public Company Limited, Alltech, Koninklijke DSM N. V., Land O'Lakes Inc., AB Agri Ltd., De Heus Beheer B. V., ForFarmers NV, Lallemand Animal Nutrition Inc., Biomin Holding GmbH, Vilofoss A/S, Kemin Industries Inc., Novus International Inc., Trouw Nutrition International B. V., Adisseo France SAS, Evonik Industries AG, Phibro Animal Health Corporation, Pancosma SA, Nutriad International NV, Huvepharma AD, Anpario plc, NutriQuest LLC, DuPont de Nemours Inc., J. D. Heiskell & Company Inc.
Which are the Top Profitable Regional Markets for the Feed Premix Industry?
Asia-Pacific was the largest region in the feed premix market in 2024.North America is expected to be the fastest-growing region in the forecast period. The regions covered in the feed premix market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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