Feed Premix Market by Product Type, Distribution Channel, End User 2023-2028

Author: Elena Anderson

Marketing Manager

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Global Feed Premix Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Feed Premix Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2 028

," the global feed premix market size reached US$ 19.5 Billion in 2022.

A feed premix is a mixture of two or more varieties of nutritional additives containing vitamins, medicaments, trace minerals, and diluents. It is prepared by selecting raw materials that provide a powerful component to the feed for ensuring balanced meals for animals. It also helps optimize diet compositions and improve modern poultry production.

In addition, it assists in enhancing the crucial body functions of animals, such as growth, fertility, performance, and immunity, and maintaining the acid-base balance and osmotic pressure. As a result, feed premix is widely utilized for cattle feeding across the globe.

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Global Feed Premix Market Trends:

The market is primarily driven by the escalating demand for livestock-based products to provide various micronutrients to animals. In addition, the growing awareness among consumers about the benefits of feed premixes represents another major growth-inducing factor. Besides this, the market is also propelled by various technological advancements in the production of feed premixes. Moreover, key players are investing in research and development (R&D) activities to introduce nutrient-dense animal feed while maintaining cost-effectiveness. This, coupled with the growing popularity of compound feeds that offer essential nutrients to animals according to different physiological requirements and growth stages, is positively influencing the market growth.

Furthermore, the increasing concerns about animal health and wellness, the escalating demand for chemical-residue-free meat and milk products, and the declining feed conversion rates are some of the other factors creating a favorable market outlook across the globe.

Looking forward, IMARC Group expects the market to reach a value of US$ 26.6 Billion by 2028, exhibiting a CAGR of 5.1% during the forecast period (2023-2028).

View Report TOC, Figures and Tables: https://www.imarcgroup.com/feed-premix-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Ingredient Type:

• Amino Acids

• Vitamins

• Minerals

• Antibiotics

• Antioxidants

• Others

Breakup by Form:

• Dry

• Liquid

Breakup by Livestock:

• Poultry

• Ruminants

• Swine

• Aquatic Animals

• Equine

• Pets

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Competitive Landscape with Key Players:

• Alltech

• Archer-Daniels-Midland Company

• Associated British Foods plc

• Avitech Nutrition Pvt. Ltd

• Cargill Incorporated

• Charoen Pokphand Foods PCL

• Dansk Landbrugs Grovvareselskab A.M.B.A

• De Heus Animal Nutrition B.V

• Kemin Industries Inc

• Koninklijke DSM N.V

• Lexington Enterprises Pte. Ltd

• Novus International Inc

• Nutreco N.V. (SHV Holdings)

1. What was the size of the global feed premix market in 2022?

2. What is the expected growth rate of the global feed premix market during 2023-2028?

3. What has been the impact of COVID-19 on the global feed premix market?

4. What are the key factors driving the global feed premix market?

5. What is the breakup of the global feed premix market based on the ingredient type?

6. What is the breakup of the global feed premix market based on the form?

7. What is the breakup of the global feed premix market based on the livestock?

8. What are the key regions in the global feed premix market?

9. Who are the key players/companies in the global feed premix market?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/feed-premix-market/toc

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