PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1518499
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1518499
Global Feed Premixes Market size will witness over 6.1% CAGR from 2024 to 2032, due to the rising focus on sustainable farming practices. Lately, farmers are using feed premixes to ensure that livestock receive balanced nutrition to help reduce the need for excessive feed and minimize environmental impacts.
As sustainable farming is gaining importance, innovations in feed premixes are picking pace to support healthier and more productive animals. To that end, researchers are focusing on creating more eco-friendly premixes for contributing to the long-term goal of sustainable farming and improved animal welfare globally. For instance, in February 2023, Evonik introduced its inaugural plant-based feed premix for enriching its Animal Nutrition's offerings with flavonoid-rich plant extracts. This innovation is helping in reducing inflammation in sows, laying hens, and dairy cows, thereby promoting sustainable farming practices.
The feed premixes market is segregated into type, form, animal and region.
By type, the mineral segment is estimated to rise at a significant rate from 2024 to 2032. This is due to the rising prominence of mineral feed premixes in transforming livestock nutrition by incorporating essential minerals into animal feed for optimizing health and performance. These premixes are refined to meet the specific nutritional needs for ensuring robust growth and disease resistance in livestock. Many formulations are also tailored to enhance nutrient absorption and minimize environmental impacts for supporting the evolution of efficient and ethical animal agriculture practices.
Feed premixes industry from the granular form segment is expected to expand from 2024 to 2032. Of late, granular formulations are used for meeting the specific nutritional requirements for enhancing health and productivity in livestock. Moreover, these formulations ware designed to optimize nutrient delivery and absorption for supporting more effective and sustainable farming practices. This ongoing development is highlighting the role of granular feed premixes in shaping the future of livestock nutrition for ensuring animals receive precise and balanced nutrition for improved performance and well-being.
Regionally, the North America feed premixes industry size is projected to depict robust growth between 2024 and 2032, propelled by the rising meat consumption by formulations to meet the increased demand for animal nutrition. Government regulations are shaping industry standards to ensure feed safety and efficacy. Developments, such as enhanced nutrient delivery systems and stricter compliance with nutritional guidelines are also ensuring safe and effective feed solutions for the livestock sector in North America.