Feed Premix Market
Meticulous Research® –
leading global market research company published a research report titled “Feed Premix Market by Type (Vitamin Premix, Mineral Premix, Amino Acid Premix,
Nucleotide Premix, Fiber Premix, Nutraceutical Premix, and Others), Form
(Powder and Liquid), Application (Poultry Feed, Ruminant Feed, Swine Feed, Aqua
Feed, and Others), and Geography-Global Opportunity Analysis and Industry
Forecast (2018 – 2023)”
According to this latest
publication from Meticulous Research®, the global feed premix market
is expected to grow at a CAGR of 3.5% from 2018 to 2023 to reach USD 10,491.4
million by 2023.
The use of feed premix is
majorly driven by their convenience in usage as a single ingredient over
multiple ingredients. Premixing multiple nutrient ingredients into a single
ingredient streamlines production processes and eliminates potential batching
or incorporation errors that could result in a nutrient deficit, regulatory
issues, and product recalls. The factors such as growing meat safety concerns,
the ability of feed premix to prevent diseases, and the stringent ban on
antibiotics are propelling the growth of feed premix market across the globe.
Moreover, emerging economies, particularly Southeast Asia, Latin America, and
Africa are further boosting the growth of feed premix market and holds huge
potential for future growth.
The feed premix market is expected to gain effective support by the gradual shift from unorganized to organized livestock farming due to the strict and transparent regulatory policies on livestock and livestock-related products in these regions. However, regulatory structure and intervention and technical problems during storage and handling procedures hinder the growth of this market to some extent.
The feed premix market is expected to gain effective support by the gradual shift from unorganized to organized livestock farming due to the strict and transparent regulatory policies on livestock and livestock-related products in these regions. However, regulatory structure and intervention and technical problems during storage and handling procedures hinder the growth of this market to some extent.
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in-depth Report on: https://www.meticulousresearch.com/product/feed-premix-market/
Vitamin premix are being
widely used in animal feed primarily due to their multiple nutritional benefits
to animals. In animal nutrition, they are required for optimum health and
normal physiological functions such as growth, development, maintenance,
lactation, and reproduction. Animal feed contain the highest level of supplemental
vitamin as they are an integral part of fetal development and diets for adult
breeder. However, nucleotide premix are set to be the emerging and rapidly
growing type, primarily due to the increasing focus on nutritional
supplementation to poultry birds and pets.
Powder feed premix
captured the major market share in the global feed premix market, mainly
attributed to their advantages over liquid form, such as better homogeneity,
ease of handling, simple transport economics, and better stability of a premix.
However, liquid feed premix are expected to witness a fastest growth in the
next few years with their increasing demand for water soluble animal feed.
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In 2017, poultry feed
segment continues to remain a major end user, owing to large demand of poultry
feed due to 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.
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The global feed premix
market is oligopolistic in nature, where top five players held more than half
of the global market share in 2017. Some of the key players contributing to the
growth of the global feed premix market include Koninklijke DSM N.V. (The
Netherlands), BASF SE (Germany), Archer Daniels Midland Company (U.S.),
Cargill, Incorporated (U.S.), Nutreco N.V. (The Netherlands), InVivo Group
(France), Jubilant Life Sciences Ltd. (India), Koninklijke Coöperatie Agrifirm
U.A. (The Netherlands), Dansk Landbrugs Grovvareselskab A.M.B.A. (Denmark),
Phibro Animal Health Corporation (U.S.), Purina Animal Nutrition LLC (U.S.),
Burkmann Industries Inc. (U.S.), Danish Agro A.M.B.A. (Denmark), and De Heus
Group (The Netherlands), among several others.
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incorporation, the company has become the leading provider of premium market
intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle
East & Africa.
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