Feed Premix Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Ingredient Type (Antibiotics, Vitamins, Amino Acids, Minerals, Others), By Livestock (Poultry, Ruminants, Swine, Aquatic Animals, Others), By Form (Dry, Liquid), By Region, and Competition 2018-2028
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Agriculture | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationFeed Premix Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Ingredient Type (Antibiotics, Vitamins, Amino Acids, Minerals, Others), By Livestock (Poultry, Ruminants, Swine, Aquatic Animals, Others), By Form (Dry, Liquid), By Region, and Competition 2018-2028
In 2021, the compound feed production in South Korea amounted to approximately 19 million tonnes.
Global Feed Premix Market is expected to expand during the projected period due to increasing demand for compound animal feed,
Rising Need for Compound Animal Feed
Animals continue to contribute significantly to the world's food supply. Animal feeds have thus grown in importance as a part of the integrated food chain. A significant portion of meeting consumer demand for milk, meat, eggs, and other livestock products depends on the availability of consistent supply of suitable, economical, and secure animal feeds. As a result, there is a growing need for more feed supplies, sources, and alternatives due to the huge growth in the demand for livestock products. Another key justification for looking into more easy, affordable, and alternative sources to produce animal feed is growing global population. Appropriate dietary intensity is one of the costliest feed formulation ingredients in animal diets.
In addition, manufacturers are improving their quality and safety while maintaining their cost-effectiveness in response to the increased demand for safe and nutrient-rich animal feed. The use of feed premixes in animal feed results in improved animal productivity, growth, performance, and other advantages.
For instance, according to the International Feed Industry Federation (IFIF) annually compound feed production has reached 0.9 billion tonnes globally.
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,
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.
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
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 bans sale, distribution of antibiotic Colistin for food producing animals,
Recent Developments
- In February 2023, Nutreco N.V. invests in
BiomEdit, to transform feed additives through Biome-actives in the
livestock products.
- BASF and Cargill offer 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
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.
|
Attribute |
Details |
|
Base
Year |
2022 |
|
Historic Data |
2018 – 2021 |
|
Estimated
Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative
Units |
Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
|
Report coverage |
Revenue forecast, company
share, competitive landscape, growth factors, and trends |
|
Segments
covered |
Ingredient Type Livestock Form |
|
Regional scope |
North America, Europe,
Asia Pacific, South America, Middle East & Africa |
|
Country
scope |
United States; Mexico; Canada; France; Germany; United Kingdom; Spain;
Italy; China; India; South Korea; Japan; Australia; Brazil; Argentina; South
Africa; Saudi Arabia; UAE |
|
Key companies profiled |
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 |
|
Customization
scope |
10% free report customization with purchase. Addition or alteration
to country, regional & segment scope. |
|
Pricing and purchase options |
Avail customized purchase
options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
request) |
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