Feed Premix Market Worth 10,491.4 Million USD by 2023, Says Meticulous Research®

LONDON, July 16, 2018 (GLOBE NEWSWIRE) -- According to this latest publication from Meticulous Research®, the global feed premix market is expected to reach USD 10,491.4 million by 2023, at a CAGR of 3.5% from 2018, mainly driven by “feed premixes’ convenience in usage as a single ingredient over multiple ingredients, stringent ban on antibiotics, increasing demand for compound animal feed, and increased awareness regarding safety of meat products. In addition, emerging economies, particularly Southeast Asia, Latin America, and Africa provide significant opportunities in this market.”

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The report also notes that, vitamin premixes commanded the largest share of the global feed premixes market, mainly attributed to “their multiple nutritional benefits to animals and increasing demand for vitamin fortified feed”.  In 2017, poultry feed segment continues to remain a major end user, owing to “large demand of poultry feed with rising poultry meat consumption and poultry farming, especially in developing regions such as Asia Pacific and South America. However, aqua feed segment anticipated to show strong growth due to “increasing focus on balanced commercial diets that promote optimal fish growth and health”.

Geographically, Asia-Pacific region commanded the largest share of this market in 2017, due to “growing compound animal feed industry; growing economy; increasing demand for pet food supplementation in emerging and developing countries including India, China, Indonesia, and Thailand; and rising investments from major players in the region”.

The global feed premix market is oligopolistic in nature, where top five players held more than half of the global market share in 2017. The key players operating in this market are Koninklijke DSM N.V., BASF SE, Archer Daniels Midland Company, Cargill, Incorporated, Nutreco N.V., InVivo Group, Jubilant Life Sciences Ltd., Koninklijke Coöperatie Agrifirm U.A., Dansk Landbrugs Grovvareselskab A.M.B.A., Phibro Animal Health Corporation, Purina Animal Nutrition LLC, Burkmann Industries Inc., Danish Agro A.M.B.A., and De Heus Group.

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• Market, by Type 
  -  Vitamin Premix
  -  Mineral Premix
  -  Amino Acid Premix 
  -  Nucleotide Premix 
  -  Fiber Premix 
  -  Nutraceutical Premix 
  -  Others

• Market, by Form  
  -  Powder Premix  
  -  Liquid Premix

• Market, By Application 
  -  Poultry Feed 
  -  Ruminant Feed
  -  Swine Feed
  -  Aqua Feed 
  -  Others

Browse in-depth report:  https://www.meticulousresearch.com/product/feed-premix-market/

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Viren Shrivastava 
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