Press release
Feed Premixes in Poultry Industry Accounted For the Largest Share Globally
Global Feed Premix Market is projected to reach USD 100.08 Billion by 2021, at a CAGR of 3.2% from 2016 to 2021.Premix is defined as a uniform mixture of one or more micro-ingredients with diluent and/or carrier, which are usually required in small amounts and are not intended for direct feeding to animals. The major types of additives added to premixes are vitamins, minerals and trace minerals.Commonly used carriers are wheat bran, salt, limestone, magnesium oxide, calcium carbonate, di calcium phosphate, etc.The end consumers of feed premix are compound feed manufacturers, farmers, livestock and aquaculture industry. Manufacturers supply premixes to ensure uniform supply of nutrients to the animals and enhance the quality and productivity of the animal. The major function of a feed premix is to ensure uniformity and homogeneity in feed for better nutrient availability.
The demand for feed premixes in poultry industry accounted for the largest share and is projected to be the fastest-growing segment. Leading companies are increasing their global footprints by setting up plants to increase their production capacities. The European and North American governments have imposed a ban on the use of antibiotics as a growth promoter. The ban has led livestock producers in Asia Pacific regions to identify new ways to stimulate production and deliver the same benefits provided by antibiotic growth promoters at an affordable price. The increase in raw materials is also hindering the market
The factors affecting the Global Market for Feed Premix Market, either positively or negatively are presented in the DROC analysis. Some of the things discussed in the section like increase in meat and meat products consumption globally led to mass production of the meat along are driving the market for feed premix globally. Increasing awareness of the customers on the health and hygiene of livestock is one of the factors creating opportunities for Feed Premix market.
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For granular level understanding the Feed Premix Market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segment.
By ingredient type:
• Vitamins
• Minerals
• Amino acids
• Antibiotics
• Other ingredients
By livestock:
• Poultry
• Ruminants
• Swine
• Aquatic animals
• Other animals
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On geographical basis, Global Feed premix market is segmented into: Asia-Pacific, Europe, North America, Latin America and Middle-East and Africa. Asia-Pacific and North America are the top two markets for feed additives in the world. North America accounted for the largest share in the global feed premix market, accounting for around 34% of the global market. For more of regional analysis check out the following reports.
Leading players in the feed premix market are Cargill, Koninklijke DSM N.V., Nutreco N.V., Archer Daniels Midland Company, and InVivo Nutrition et Sante Animales. Existing companies such as DSM and Nutreco have been actively involved in acquisition of regional suppliers and ingredient manufacturers in these regions to strengthen their market presence. Key strategies are being employed by major companies in developing markets of Latin America and Asia-Pacific through the expansion of manufacturing plant capacities to meet the growing feed premix demand.
The Feed Premix market study offers the following deliverables:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming
• Segment-level analysis on basis of type, Therapeutic application, and end user along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of macro and micro environmental factors that effect the global market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
• A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more info kindly visit, www.marketdataforecast.com
Contact:
Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Jubilee Gardens,
Hyderabad, India.
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