APAC Ruminant Feed Premix Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Ruminant Feed Premix Market Analysis
The Asia- Pacific Ruminant Feed Premix market is estimated to register a CAGR of 3.5%, during the forecast period (2020-2025). The Asia Pacific is the fastest-growing market with China and India contributing major share. The factors which are making these countries contribute to the major market share in this region, are increasing income levels and rising per capita meat consumption. The common ruminant feed premixes are available in dried and liquid forms. The major drivers for this market include rising meat consumption, increasing awareness toward meat quality and safety, increasing mass production of meat, and disease outbreaks. Also, the declining feed conversion rates help in driving the demand for ruminant feed premix market in this region during the forecast period. The market is fairly consolidated with the major players, such as Cargill Inc., Godrej Agrovet Ltd., and ADM Animal Nutrition, occupying substantial share in the region. Product launches, and mergers and acquisitions, are some of the market strategies most adopted but he players for expanding customer base and strengthening foothold across the region.
APAC Ruminant Feed Premix Market Trends
This section covers the major market trends shaping the APAC Ruminant Feed Premix Market according to our research experts:
Rising Demand for Animal Protein
The demand for the Ruminant feed premix market is majorly driven by the rising demands for high-value meat and dairy protein. With a rising population in the Asia Pacific region and increasing awareness among the people regarding health benefits of consuming protein sources, is creating a heavy demand for meat consumption. According to the Food and Agriculture Organization Corporate Statistical Database, the consumption of ruminant meat has shown a constant growth from the year 2016. The ruminant meat consumption has shown an increase of 3.5%, by 2018, over 2016. Moreover, the surging demand for environmentally safe and chemical-residue-free meat, meat products, milk & milk products, is emphasizing the need for increased productivity through feed premixes. Hence, these factors are further expected to drive the feed premixes market in Asia-Pacific, during the forecast period.
China Dominates the Market
The Asia-Pacific region will remain the fastest-growing market during the forecast period, with the growing demand for ruminant feed premix in China. With the consistent growth in the animal husbandry industry, farmers are moving towards the industrialized production of animals from systematic production. However, the farmers are also dependent on home-grown feed, especially for ruminants. With an increase in awareness about providing required nutrients to animals for increasing productivity as well as animal health, the demand for premixes is boosting in these traditional markets. With an increasing demand for animal proteins in the country, the demand for the Ruminant feed premix market is expected to show positive growth during the forecast period.
APAC Ruminant Feed Premix Industry Overview
Companies like BASF, Cargill Inc., Archer Daniels Midland Co. (ADM), and Godrej Agrovet Ltd., are some of the major players in the Asia-Pacific ruminant feed premix market. These companies focus on expanding their businesses, especially in developing countries like China, India, and Thailand. Moreover, they are increasing their investments in R&D activities either for launching new products with better, latest, and new features or for acquiring other players to occupy major market share. For instance, in February 2019, The Archer Daniels Midland Company (ADM) - an American global food processing and commodities trading corporation acquired Neovia Group, a leading player in the animal nutrition industry, to become a global leader in the animal feed industry.
APAC Ruminant Feed Premix Market Leaders
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Cargill, Incorporated
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Land O' Lakes, Inc.
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Godrej Agrovet Ltd.
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ADM Animal Nutrition
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DSM NV
*Disclaimer: Major Players sorted in no particular order
APAC Ruminant Feed Premix Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porters Five Force Analysis
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4.4.1 Bargaining Power of Buyers/Consumers
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4.4.2 Bargaining Power of Suppliers
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4.4.3 Threat of Substitute Products
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4.4.4 Threat of New Entrants
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Ingredient Type
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5.1.1 Antibiotics
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5.1.2 Vitamins
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5.1.3 Antioxidants
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5.1.4 Amino acids
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5.1.5 Minerals
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5.1.6 Other Ingredient Types
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5.2 Geography
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5.2.1 China
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5.2.2 India
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5.2.3 Japan
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5.2.4 Australia
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5.2.5 Rest of Asia Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Market Share Analysis
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6.2 Most Adopted Strategy
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6.3 Company Profiles
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6.3.1 ADM Animal Nutrition
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6.3.2 Cargill Incorporated
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6.3.3 BASF SE
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6.3.4 Lallemand Inc.
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6.3.5 Amul Cattle Feed
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6.3.6 DSM NV
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6.3.7 Godrej Agrovet Ltd.:
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6.3.8 Land O Lakes
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6.3.9 Nutreco NV
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
APAC Ruminant Feed Premix Industry Segmentation
Premixes are used to facilitate uniform dispersion of micro-ingredients in a larger mix. The manufacturers supply premixes to assure the regular uniform supply of nutrients to animals to enhance the quality of feed and productivity of the animals. Asia-Pacific Ruminant Feed Premix market is segmented based on Ingredient type into (Antibiotics, Vitamins, Antioxidants, Amino acids, Minerals, and other ingredients type) and by Geography into (China, India, Japan, Australia, Thailand, Vietnam, and Rest of Asia Pacific).
| Ingredient Type | |
| Antibiotics | |
| Vitamins | |
| Antioxidants | |
| Amino acids | |
| Minerals | |
| Other Ingredient Types |
| Geography | |
| China | |
| India | |
| Japan | |
| Australia | |
| Rest of Asia Pacific |
APAC Ruminant Feed Premix Market Research FAQs
What is the current Asia-Pacific Ruminant Feed Premix Market size?
The Asia-Pacific Ruminant Feed Premix Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Ruminant Feed Premix Market?
Cargill, Incorporated, Land O' Lakes, Inc., Godrej Agrovet Ltd., ADM Animal Nutrition and DSM NV are the major companies operating in the Asia-Pacific Ruminant Feed Premix Market.
What years does this Asia-Pacific Ruminant Feed Premix Market cover?
The report covers the Asia-Pacific Ruminant Feed Premix Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Ruminant Feed Premix Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Ruminant Feed Premix Industry Report
Statistics for the 2024 Asia-Pacific Ruminant Feed Premix market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Ruminant Feed Premix analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
