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Feed Premix Market worth 10.26 Billion USD by 2020
The report, “Feed Premix Market by Type (Vitamins, Minerals, Amino Acids, Antibiotics, and Other Ingredients), Livestock (Poultry, Ruminants, Swine, Aquatic Animals, and Other Animals), and Region - Global Trends & Forecast to 2020”, defines and segments the feed premix market with analysis and projections of the size of the market both in terms of value. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, and challenges. The market is segmented and projected, on the basis of regions into North America, Europe, Asia-Pacific, Latin America, and the Rest of the World (RoW).
Browse 75 market data tables and 69 figures spread through 160 pages and in-depth TOC on “Feed Premix Market by Type (Vitamins, Minerals, Amino Acids, Antibiotics, and Other Ingredients), Livestock (Poultry, Ruminants, Swine, Aquatic Animals, and Other Animals), and Region - Global Trends & Forecast to 2020”
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The feed premix market, in terms of value, is projected to increase to USD 10.26 Billion by 2020 at a CAGR of 3.0% from 2015. In this report, the feed premixes market is segmented by ingredient, livestock, and region, and analyzed in terms of value (USD Million). The market for feed premix has a significant impact on the development of livestock sector. Feed premixes are broadly categorized in to vitamins, minerals, amino acids, and antibiotics on the basis of ingredient type. Key countries which accounted for a large share in each region have been studied individually. The market size for the remaining countries in the respective regions has been studied collectively as a single market at the end of each of the respective segments. In 2014, Asia-Pacific contributed to the highest demand for feed premix in the global market followed by North America.
Vitamins: Largest market segment
Vitamins segment accounted for the largest market share in 2014 followed by minerals segment in the feed premix market. Vitamins and minerals have been gaining significant growth for serving as an important component in boosting the growth of the livestock and in the development of the immune system. Importance of trace minerals such as zinc, manganese, iodine, and selenium for its functional benefits resulted in the strong growth of this segment along with vitamins.
Feed premix market, by livestock type
The feed premix market consists of five livestock categories, namely, poultry, ruminants, swine, aquatic animals, and other animals that include pet animals, birds, and reptiles. The demand for feed premixes in poultry industry accounted for the largest share in 2014 and is projected to be the fastest-growing segment from 2015 to 2020.
The recent avian flu outbreaks have been important reason for the requirement of feed premix ingredients such as vitamins, minerals, and antibiotics in the poultry farm industries. Though antibiotics have been banned as a growth promoting substance in Europe, its application has been prevalently common in the Asia-Pacific region. Investments have been used to develop amino acids with higher bioavailability value and enzymes that can increase the feed digestibility.
Companies such as Koninklijke DSM N.V. (The Netherlands), Cargill, Incorporated (U.S.), Nutreco N.V. (The Netherlands), and Archer Daniels Midland Company (U.S.) are some of the players with strong portfolio in this market. These companies have also been developing customized offerings to suit the demands of livestock of different types, breed, sex, and growth & breeding phase. Leading brands have been involved in extending the market share in developing regions such as Asia-Pacific and Latin America. Existing companies such as Nutreco and DSM have been actively involved in the acquisition of regional suppliers and ingredient manufacturers in these regions to strengthen their market presence.
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