Feed Premix Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Ingredient Type, By Livestock, By Form, By Region, and Competition

The Global Feed Premix Market is poised for significant growth by 2028, driven by the increasing demand for compound animal feed. In 2021, South Korea witnessed a compound feed production of approximately 19 million tonnes, further contributing to the expansion of the market.

The projected period expects the Global Feed Premix Market to continue expanding due to the rising demand for compound animal feed. The growing demand for various livestock products, which heavily rely on animal feed, has necessitated the increased use of feed premix in animal feed production. Feed premixes enhance mixing accuracy and provide balanced feed products with essential macronutrients and micronutrients, fueling market growth in the coming years.

The need for compound animal feed is on the rise as animals play a significant role in fulfilling the world's food supply. Ensuring a consistent supply of suitable, cost-effective, and secure animal feeds is crucial for meeting consumer demand for milk, meat, eggs, and other livestock products. Furthermore, the increasing global population necessitates exploring alternative and affordable sources to produce animal feed. Costly ingredients like appropriate dietary intensity in animal diets drive the search for effective compound feed formulations. Feed premixes have gained attention in the animal feed industry due to their high energy supply and feed efficiency.

Market Overview
Forecast Period	2024-2028
Market Size 2022	USD 19.07 Billion
Market Size 2028	USD 24.54 Billion
CAGR (2023-2028)	4.27%
Fastest Growing Segment	Dry
Largest Market	North America

Manufacturers are responding to the heightened demand for safe and nutrient-rich animal feed by improving the quality, safety, and cost-effectiveness of feed premixes. The use of feed premixes in animal feed leads to improved animal productivity, growth, performance, and other notable benefits. Notably, according to the International Feed Industry Federation (IFIF), global compound feed production annually reaches 0.9 billion tonnes.

According to IFIF, in 2020, Compound feed production in the USA was more than 215.79 MT.

Furthermore, in 2023, The Food and Agriculture Organization of the United Nations (FAO) in collaboration with the Ministry of Agriculture, Land and Fisheries in Trinidad and Tobago, the University of the West Indies (UWI), St. Augustine Campus, and Fera Science Ltd. focused on production and use of the black soldier fly (BSF), as an alternative source of high-quality protein for poultry and aquaculture feed.

However, a significant issue in guaranteeing food safety across the whole livestock and aquaculture production and delivery chain is compound feed with quality assurance. Animal breeders are concentrating on enhancing animal health and their nutrient-dense diet to satisfy the demand for high-quality meat due to rising meat consumption throughout the world. Premixes play a crucial function in enhancing the nutritional value of feed and the performance of animals while guarding against illnesses.

For instance, MIAVIT GmbH, as the leader of Feed and Food manufacturer industry, have been supporting Livestock by its specific mycotoxin binder's products; MiaBond line globally.

Animal health and welfare have been shown to be improved by strengthening feed premixes. As a result, it is becoming a practical and affordable method for increasing animal output for long-term food security. Therefore, increasing demand for feed premix by animal feed producers led to the growth of Global Feed Premix Market in the forecast years.

Growing Demand and Consumption of Livestock-Based Products

Eggs, dairy goods, and meat products are included in livestock-based products. The addition of feed premix to the diet of livestock aids in the provision of enough vitamins and minerals, improves nutrition, and results in better production of livestock-based products like milk. The demand for feed premix is being driven by a rise in the acceptance and consumption of dairy and meat products as well as the sales of items derived from livestock.

In addition, the adoption of feed premix among livestock farmers is further fueled by growing consumer awareness of the importance of high-quality standards in foods, including meat and other animal protein products, as well as increasing awareness about providing adequate nutrition levels in animal feed for improving the health and productivity of livestock.

For instance, in 2020, according to the U.S. Department of Agriculture (USDA) data, dairy consumption in America, in 2020, was around 655 pounds of dairy in cheese, milk, butter, yogurt, ice cream, and other wholesome and nutritious dairy foods.

Consumption of animal products will increase only when consumers' demand for staple foods (starchy meals and other foods with a plant origin) are achieved. Increasing demand for resources to produce animal goods will result from greater use of animal products, competing with the usage of grains for human direct consumption as well as other agricultural products.

Therefore, increasing demand and consumption of livestock-based products drive the growth of the market during the projected period.

Amino Acids will be the Key Ingredient Type

Amino Acids act as the building block for animal protein synthesis and are essential for enhancing both the quality and quantity of meat. The idea of "optimum protein" is one of the most important developments in animal nutrition. Amino acid contains proteins and polypeptides that support improved growth rate, helps in increasing production, and reduces incidences of diseases in animals. To promote growth and nitrogen retention in cattle, it helps animals maintain a balanced amino acid pattern. Many amino acids are given as supplements to farmed animals to increase their productivity. The amino acids feed premix contains L-lysine, DL-methionine, and L-threonine which improves the synthetic efficiency of protein. The availability of those components permits a user to anticipate an increase in protein synthesis efficiency. Amino acids help to break down the food.

For Instance, ADM Animal Nutrition launched PROPLEX T, a high-concentrate protein which provides flexibility in ration formulation due to lower inclusion rate needed to achieve targeted levels of essential amino acids.

Additionally, Vitamins are chemical components and macronutrients that animals require in little amounts to maintain life. Vitamin deficiency is on the rise among living things across the world, and several health authorities have identified it as their top health issue. According to study by Bio station approximately 80% of Americans are vitamin E deficient and 90% of Americans (person of color) are vitamin D deficient. Therefore, importance is given to items that are fortified with premixes of the required vitamins.

For instance, in 2021, BASF completed an investment in a vitamin A plant expansion in Ludwigshafen, Germany to enhance vitamin A supply.

Furthermore, in 2022, BASF increases the production capacity of its feed enzymes plant in Ludwigshafen, which will further support the animal nutrition industry.

All these factors increase the demands of Global Feed Premix Market in the forecast years.

However, lack of awareness among the livestock farmers regarding the advantages of feeding livestock with feed premix, results in restraining the growth of market. Moreover, it is anticipated that the government's strict regulatory framework and the rising cost of feed ingredients slow down the market growth. The use of antibiotics has been outlawed in many nations, due to overuse and misuse of antibiotics and other chemicals which are used to avoid the animal and human infection which plainly poses a danger to the Global Feed Premix Market.

For instance, in 2019, Health Ministry of India banned sale, distribution of antibiotic Colistin for food producing animals, poultry, aqua farming, and animal feed supplements in a bid to preserve the drug's efficacy.

Recent Developments

• In February 2023, Nutreco N.V. invested in BiomEdit, to transform feed additives through Biome-actives in the livestock products.
• BASF and Cargill offered high-performance enzyme solutions to animal protein producers in the United States in January 2023.
• In October 2022, Cargill, together with Naturisa S.A. signed an agreement with Skyvest EC Holding S.A. to create a new joint venture that will serve Ecuadorian shrimp farmers' a high-quality shrimp feed.
• Evonik and BASF signed an agreement to reduce the environmental footprint of the feed and animal protein industries in September 2022.

Market Segmentation

Global Feed Premix Market is segmented based on ingredient type, livestock, form, and region. Based on ingredient type, the market is categorized into antibiotics, vitamins, amino acids, minerals, and others. Based on livestock, the market is fragmented into poultry, ruminants, swine, aquatic animals, and others. Based on form, the market is segregated into dry and liquid. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa.

Company Profiles

Koninklijke DSM N.V., BASF SE, Nutreco N.V., Cargill, Incorporated, Purina Animal Nutrition LLC., Kemin Industries, Inc., Alltech, Inc., The Archer-Daniels-Midland Company, Godrej Agrovet Limited, BEC Feed Solutions Pty Ltd are some of the key players of Global Feed Premix Market.

Report Scope:

In this report, Global Feed Premix market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

Feed Premix Market, By Ingredient Type:

• Antibiotics
• Vitamins
• Amino Acids
• Minerals
• Others

Feed Premix Market, By Livestock:

• Poultry
• Ruminants
• Swine
• Aquatic Animals
• Others

Feed Premix Market, By Form:

• Dry
• Liquid

Feed Premix Market, By Region:

• North America
  • United States
  • Mexico
  • Canada

• Europe
  • France
  • Germany
  • United Kingdom
  • Spain
  • Italy

• Asia-Pacific
  • China
  • India
  • South Korea
  • Japan
  • Australia

• South America
  • Brazil
  • Argentina

• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies in global feed premix market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: