Pune, India, May 08, 2019 (GLOBE NEWSWIRE) -- Feed Premixes Market is poised to touch USD 12,325.2 Mn by 2023 at an impressive 3.55% CAGR during the forecast period (2018-2023), reveals the latest report by Market Research Future (MRFR).
Market Analysis
Feed Premixes Market has gained status globally, as the proliferating population has increased the demand for production of poultry, ruminants and other livestock for consumption. This has uplifted the demand for feed premix market in substantial ways. Moreover, the mounting health concerns among the global population coupling with increasing awareness about the benefits of a feed premix is also expected to uplift its demand as Feed Premixes Market is identified to be an effective alternative to the conventional antibiotics used in the poultry production. Adding to it, recently, people have changed their lifestyle and preferences towards diet as well, as most of them are inclining towards a healthy diet, natural products. With increasing consumption of meat, it has also contributed to the market to proliferate at an exponential rate throughout the forecast period. Even, growing consciousness among farmers about adequate nutrition levels is also substantially influencing the popularity of feed premixes across the globe.
The safety of meat has been an essential deed of societal concerns in current years, and such a challenge for meat safety will endure in the future. Meat is uninterruptedly being the target of several studies aiming to show the relationship between the consumption of these products and health concerns. Not many meats are health-friendly, as some of them cause disease like cancer as well. Some more innumerable disease tends to outbreak in animals such as swine flu and foot and mouth disease, where it has raised concerns over the quality of meat and health safety as well. Such instances have accelerated the usage of supplements, like feed premix, which is a safe alternative to induce protein contents in animal breeds and make them safe from budding diseases inside. Premix is considered as an essential component in animal nutrition, as it improves the quality and nutrition of compound feed, particularly in weaning animals.
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Feed Premixes Market are a blend of vitamins, trace minerals, medicaments, feed supplements, and diluents and are also a combination of two or more ingredients that are prepared commercially for livestock animals including poultry, ruminants, swine, and aquaculture, thus improving feed performance along with animal health by reducing livestock diseases. Also, the immune system, digestion and feed intake in animals are cured with the intake of feed premix. Hence these capabilities, thereby, have fueled the growth of the global Feed Premixes Market at a substantial CAGR.
Presently, on Feed Premixes Market contents, a lot of advancements is in progress in the manufacturing process as well as extensive research activities are also on a high note on different nutrients. Such activities are eventually boosting the production of innovative feed premix formulations, which in turn, is taking the global feed premix market to expand rapidly by the year 2023. Moreover, key market players are also strengthening their associations with feed manufacturers for a continuous supply of feed premixes, which is also furthering the growth of the global feed premixes market.
Key Players and Industry Buzz
The essential competitors shaping the global Feed Premixes Market are Cargill, Incorporated (US), Archer Daniels Midland Company (US), Nutreco N.V. (Netherlands), Koninklijke DSM N.V. (Netherlands), Koninklijke De Heus B.V. (Netherlands), Land O’lakes, Inc. (US), ForFarmers N.V. (Netherlands), Dansk Landbrugs Grovvareselskab a.m.b.a. (Denmark), Phibro Animal Health Corporation (US), and AB Agri Ltd (UK).
February 8, 2019: Cargill seemed for support for its presence in the Indian market with a $20m investment in a new premix and supplement manufacturing facility. The company publicized that it would be investing Rs 140 crores in the new project facility of a new premix greenfield plant. This new premix greenfield will be in the North Indian State of Rajasthan.
April 18, 2019: Cargill opens doors at new $35m for Jordan premix site. The news report states that Cargill invested $35m in new animal feed premix facility planned to integrate sustainable technology and support producers in the Middle East. The Minnesota-based Agri-giant announced that its animal nutrition business had opened a new feed premix production facility in Jordan, which is termed as one of the most technologically advanced premix plants in the world.
Market Segmentation
The future of the global Feed Premixes Market looks good. Hence, upon this, Market Research Future reports offer a comprehensive segmental analysis of global feed premix market, which is carried out based on ingredient type and by livestock type. By the mode of ingredient type, this market includes vitamins, minerals, amino acids, lipids, and others. Wherein, the vitamins segment has been expected to lead the market by registering a substantial CAGR to reach USD 4382.3 million by the end of 2023. The fame of vitamins in feed premixes is mounting as these lift the physiological functions in animals that include growth, development, and reproduction.
However, the lipids segment is also probable to show the highest CAGR of 4.10% from 2018 to 2023. This segment is also proliferating as these ingredients act as a rich source of concentrated energy and affect diet palatability, feed dustiness, pellet quality, feed efficiency, growth performance, digestion, and metabolism in young animals. By the mode of livestock, the market segment includes poultry, ruminants, swine, aquaculture, and others.
Browse the market data and information spread across 109 pages with 75 data tables and 21 figures of the report “Feed Premixes Market Report - Forecast 2018-2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/feed-premix-market-5167
Regional Analysis
The geographical evaluation of global Feed Premixes Market includes regions such as Asia Pacific, Europe, North America, and Rest of the World. Among these, Asia-Pacific subjected to the largest market share of 35.19% in 2017 whereas, the regional Feed Premixes Market is anticipated to register a CAGR of 3.78% during the assessment period. In the Asia Pacific region, China is observed to be one of the leading markets accounting for the largest market share during the assessment period. However, the Indian market is probable to exhibit the highest growth rate of 4.30% from 2018 to 2023. Next comes the European market, which is assessed to exceed USD 3,250.6 million by 2023 owing to the continuous development in feed premixes along with high farming practices for poultry and swine. These are the driving factors for the growth of the Feed Premixes Market in the region. Furthermore, in Europe, Germany is the major contributor to the growth of the regional market and then accounts France region.
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