Feed Premix Market Size

Feed Premix Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The feed premixes market is expected to grow at a CAGR of 4.36% from 2024 to 2032, from an estimated value of USD 8.128 billion in 2024, to reach USD 19.222 billion by 2032. The CAGR for this forecast period is 15.06%. The growth of this market is due to the rising demand for high-quality animal feed, which is caused by the growing population and the consequent need for increased food production. The growing awareness of the importance of animal health and nutrition is also driving the demand for feed premixes, which are essential for improving livestock productivity and health. Lastly, technological advancements in feed formulation and the development of new products are also driving the market growth. The companies are investing in research and development to create specialized feed premixes that meet the unique nutritional requirements of various species of livestock. Cargill, BASF, and DSM are the key players in the feed premixes market. They are investing in strategic initiatives such as new product launches and acquisitions to strengthen their market position and cater to the evolving needs of the agricultural sector. These strategic initiatives not only reflect the high competition in the market but also highlight the importance of innovation in driving market growth.

Regional Market Size

Regional Deep Dive

Having a high quality of animal nutrition is becoming increasingly important, the demand for premixes is growing in various regions. The market is characterized by a combination of established players and new entrants, which are constantly improving their product formulations. The market is influenced by local agricultural practices, regulatory frameworks and consumers' preferences. In recent years, the focus on animal welfare and the environment has been the subject of increased interest.

North America

• Cargill and ADM are investing in organic feed and non-GMO feed.
• It is now a question of a question to make the dietary supplement, to make it less dependent on the use of antimatter.
• Farming methods are increasingly being adapted to precision agriculture, which enables farmers to optimize feed efficiency. This is leading to the use of more and more specialized feed mixes, which are adapted to the individual needs of each animal.

Europe

• In the light of the new regulations for the quality and safety of feeds, which have been adopted by the European Union, a large number of feed manufacturers are investing in research and development. The leading companies in this area are Alltech and DSM.
• There is a growing trend towards the use of plant-based ingredients in feed mixtures, which is motivated by both the growing concern for the environment and the growing demand for sustainable animal products, and supported by initiatives such as the Green Deal.
• A greater concern for animal welfare and a reduction in the use of antibiotics in the feed industry is leading to a greater use of natural feed additives, thereby increasing the market for feed supplements.

Asia-Pacific

• Rising incomes and the growing urbanization in China and India are driving the demand for high-quality animal products, which in turn will boost the demand for premixes.
• Probiotics and enzymes are being developed in feed technology.
• Government initiatives to increase food security by improving the production of livestock and poultry are encouraging the use of advanced feed premixes. In countries such as Vietnam and Indonesia, government-run programs are promoting the use of premixes to support local farmers.

MEA

• The demand for feed premixes is growing in the Middle East and Africa. There, countries like Saudi Arabia and South Africa are modernizing their agriculture.
• The regulatory framework is evolving, governments are establishing stricter feed safety standards, which is driving manufacturers to improve the quality and safety of their feed additives.
• The growing number of zoonotic diseases increases the importance of biosecurity measures in livestock farming, which in turn increases the demand for special feedstuffs that support animal health.

Latin America

• Brazil and Argentina are establishing themselves as the main producers of premixes, focusing on the production of beef and poultry, which is resulting in an increased investment in the technology of feed production.
• In this region, the trend is towards sustainable practices, with the use of alternative feed and feed additives, and the implementation of a system of traceability and quality control.
• The government's support of agriculture, in the form of subsidies and research funds, is encouraging innovation in premixes and the overall market.

Did You Know?

“Antibiotics are used in animal feed to the tune of 70 per cent. of the world's total.” — World Health Organization (WHO)

Segmental Market Size

The feed premixes market plays a key role in improving the nutritional value of animal feed and is currently undergoing a steady growth. Demand for premixes is being driven by a growing emphasis on animal health and productivity, as well as rising consumer awareness of food safety and quality. Regulations aimed at improving animal welfare and reducing the use of antibiotics are also driving producers to adopt premixes.

The premixes are currently in a stage of maturity in the development of the market, and Cargill and DSM are leading the way in research and development and in penetrating the market. The main applications are in poultry, pig and ruminant feed, where premixes are used to optimize growth and feed efficiency. Also the trend towards organic and sustainable agriculture will stimulate the development of the premixes, since the producers are responding to the demand for ethically sourced meat. The precision nutrition and the development of the mixing of the feeds will also be important for the development of the market.

Future Outlook

A stoutly growing market is expected for the feed premixes market from 2024 to 2032. It is expected to grow from $8.28 billion to $19.22 billion, with a CAGR of 15.06%. The demand for high-quality animal feed is rising as it is increasingly recognized as a critical factor in enhancing livestock productivity and health. As the world’s appetite for meat increases, particularly in developing countries, premix use is likely to increase further. By 2032, premix use in certain livestock sectors could rise above 60%.

This is a summary of the report. In addition, government support for agricultural development and food security is expected to increase the use of premixes. In addition, the growing trend towards organic and non-GMO feeds is expected to shape the market. Premix manufacturers will have to respond to the changing preferences of consumers to maintain their competitive advantage.