Feed Premix Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 12.67 Billion |
| Market Size (2029) | USD 16.47 Billion |
| CAGR (2024 - 2029) | 5.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Feed Premix Market Analysis
The Feed Premix Market size is estimated at USD 12.67 billion in 2024, and is expected to reach USD 16.47 billion by 2029, at a CAGR of 5.40% during the forecast period (2024-2029).
The feed premix market was not much affected by COVID-19 or are hit moderately. There have been many advancements in the field of animal medicine and related technological field. This has given rise to selling prices as well as demand from farmers. The pandemic has, however, resulted in lower than expected growth of the feed premix market.
The increasing demand for high-value animal protein and declining feed conversion rates are driving the animal feed premix market globally.
The market for feed premix is highly concentrated, with the dominance of a few international players accounting for the major share in the market. Some of the major players operating in the market are Cargill Incorporated, Archer Daniels Midland Company (ADM), Dansk Landbrugs Grovvareselskab A.M.B.A. (DLG), BASF SE, Land O'Lakes Inc., Godrej Agrovet, and Koninklijke DSM NV.
Feed Premix Market Trends
Increasing Demand for High-value Animal Protein
The rising demand for high-value meat and dairy protein from health-conscious consumers is driving the feed premix industry. Livestock production is one of the fastest-growing segments in the agriculture industry. According to the United Nations Food and Agricultural Organisation, the demand for poultry meat in South Asia is projected to increase by 725% by 2030, with India contributing to an expected 850% increase in demand. India also has the largest cattle inventory in the world, followed by Brazil and China.
According to FAO, demand for meat declined due to the pandemic-induced supply chain issues but is expected to normalize and grow after economic activities come back to a normal level. World meat production remained stable in 2020 at 325.2 million metric tons, as output increases in poultry and ovine meats offset contractions in pig and bovine meat production. Total poultry meat production in 2020 was at 132 million metric tons, which has moved up around 5 % from 2019, supported by a sharp rise in demand in China.
Moreover, the surging demand for environmentally safe and chemical-residue-free meat, meat products, and milk and milk products is emphasizing the need for increased productivity through feed premixes.
Growth in Asia-Pacific Projected to be Robust
There has been consistent growth in the animal husbandry industry in the Asia-Pacific region. Countries in the region are increasingly moving toward a systematic and industrialized production of livestock. Average herd sizes are increasing, as well as the productivity of animals. However, the farmers in the region are also dependent on home-grown feed, especially ruminants and swine. With an increase in awareness about providing optimum nutrition to animals for increasing productivity as well as animal health, premixes are increasingly finding their way into these traditional markets. The region is also characterized by the typical usage of both compound feed and home-grown feed for smaller herd-size farms. This phenomenon is expected to continue well into the forecast period, and the region is expected to remain the largest and fastest-growing geographical segment of the feed premix market over the forecast period.
Feed Premix Industry Overview
The market for feed premix is concentrated, with the dominance of a few international players accounting for a major share in the global market. Some of the major players include Cargill Incorporated, Archer Daniels Midland Company (ADM), Dansk Landbrugs Grovvareselskab A.M.B.A. (DLG), BASF SE, Land O'Lakes Inc., Godrej Agrovet, and Koninklijke DSM NV.
These companies are targeting countries in the developing countries for business expansion, either by investing in a new production unit or by acquiring established small players in the region. For instance, Archer Daniels Midland Co. (ADM) acquired Neovia in 2019 to expand its global reach and its diverse range of product portfolios in animal nutrition and feed premixes. Land O'Lakes Inc. has entered into a partnership with the Netherlands-based Royal Agrifirm Group to set up a dairy animal feed joint venture in China. This partnership will enable the unified company Agrilakes to capture the untapped dairy feed market in China, including feed premixes.
Feed Premix Market Leaders
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Cargill, Incorporated
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Archer Daniels Midland Company (ADM)
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BASF SE
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Land O'Lakes, Inc.
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Koninklijke DSM N.V.
*Disclaimer: Major Players sorted in no particular order
Feed Premix Market News
- 2021: Cargill opened one of the world's largest premix and animal nutrition facilities in Ohio, United States. The build represents a USD 50 million investment from the company. It is a 220,000-square-feet facility with advanced technologies.
- 2021: ADM acquired Vietnamese premix player Golden Farm Production & Commerce Company Limited. This strengthens its industrial and commercial coverage in a key feed market such as Vietnam.
Feed Premix Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Ingredient Type
5.1.1 Antibiotics
5.1.2 Vitamins
5.1.3 Antioxidants
5.1.4 Amino Acids
5.1.5 Minerals
5.1.6 Other Ingredient Types
5.2 Animal Type
5.2.1 Ruminant Feed
5.2.2 Poultry Feed
5.2.3 Swine Feed
5.2.4 Acquaculture Feed
5.2.5 Other Animal Feed
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Spain
5.3.2.5 Russia
5.3.2.6 Italy
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Thailand
5.3.3.6 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Cargill Inc.
6.3.2 Archer Daniels Midland Company (ADM)
6.3.3 Dansk Landbrugs Grovvareselskab A.M.B.A. (DLG)
6.3.4 BASF SE
6.3.5 Land O'Lakes Inc.
6.3.6 Godrej Agrovet Limited
6.3.7 Koninklijke DSM NV
6.3.8 Invivo Group
6.3.9 Danish Agro
6.3.10 BDT Group
6.3.11 ForFramers BV
6.3.12 De Hues Group
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET
Feed Premix Industry Segmentation
A premix is a value-added solution to livestock feed consisting of a mixture of requisite vitamins, minerals, diluents, and other nutrients. The increasing demand for high-value animal protein and declining feed conversion rates are driving the animal feed premix market. The scope of the premix market includes segmentation based on the type of ingredients such as antibiotics, vitamins, antioxidants, amino acids, minerals, and other types and on the basis of animals like ruminants, poultry, swine, aquaculture, and other animals. The report presents a detailed analysis of the markets based on geography, extending to all the major countries across the world. The report offers the market size and forecasts in terms of sales in units and value in USD million for all the above segments.
| Ingredient Type | |
| Antibiotics | |
| Vitamins | |
| Antioxidants | |
| Amino Acids | |
| Minerals | |
| Other Ingredient Types |
| Animal Type | |
| Ruminant Feed | |
| Poultry Feed | |
| Swine Feed | |
| Acquaculture Feed | |
| Other Animal Feed |
| Geography | |||||||||
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Feed Premix Market Research FAQs
How big is the Feed Premix Market?
The Feed Premix Market size is expected to reach USD 12.67 billion in 2024 and grow at a CAGR of 5.40% to reach USD 16.47 billion by 2029.
What is the current Feed Premix Market size?
In 2024, the Feed Premix Market size is expected to reach USD 12.67 billion.
Who are the key players in Feed Premix Market?
Cargill, Incorporated, Archer Daniels Midland Company (ADM), BASF SE, Land O'Lakes, Inc. and Koninklijke DSM N.V. are the major companies operating in the Feed Premix Market.
Which is the fastest growing region in Feed Premix Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Feed Premix Market?
In 2024, the Asia Pacific accounts for the largest market share in Feed Premix Market.
What years does this Feed Premix Market cover, and what was the market size in 2023?
In 2023, the Feed Premix Market size was estimated at USD 11.99 billion. The report covers the Feed Premix Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Feed Premix Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Feed Premixes Industry Report
Statistics for the 2024 Feed Premixes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Feed Premixes analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
