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 | North America |
| 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).
Livestock production has been expanding in several countries, including the United States, Canada, and Brazil, to meet the changing dietary preferences of populations, particularly in developing markets. The growing demand for high-quality animal products is driving the market for feed additives. Consumer preferences for healthier and more nutritious meat and dairy products are pressuring livestock producers to meet these expectations, leading to increased demand for feed premixes that enhance overall animal health. According to the United States Department of Agriculture, poultry is the most consumed animal protein in the United States. In 2023, broiler and turkey meat accounted for 46 percent of all red meat and poultry consumption by volume, with cash receipts exceeding USD 50 billion. Furthermore, the United States is the world's second-largest exporter of chicken, behind Brazil. This underscores the importance of optimized poultry feed, including the strategic use of feed additives to support rapid and healthy growth.
The expansion of livestock production in the Asia-Pacific region has led to increased feed production capacities in major economies such as Indonesia, China, and India. Fish and fishery products have become crucial protein sources globally, particularly in Southeast Asia. According to the Fishery Statistical Bulletin of Southeast Asia (SEAFDEC, 2023), Indonesia dominated the region's fishery production in 2020, accounting for 47.2% of the total output. Vietnam followed with 18.7%, Myanmar with 13.0%, the Philippines with 9.5%, Thailand with 5.2%, Malaysia with 3.9%, and Cambodia with 2.0%.
Increasing concerns about livestock meat quality and product safety, especially following disease outbreaks, have prompted producers throughout the supply chain to prioritize animal feed quality. For instance, in August 2024, Bluetongue, a viral disease caused by BTV-3, infected cattle and killed sheep on farms in northwestern Europe. This highly virulent disease, transmitted by biting insects, also led to outbreaks in Germany, Belgium, France, Luxembourg, and Denmark. In response to growing awareness, increasing demand for animal nutrition, and widespread antibiotic bans, anticipated to drive the global feed premix market.
Moreover, the global feed premix market is characterized by a competitive environment due to the presence of major players in countries like the United States, Brazil, China, and Japan, alongside numerous small and medium-sized companies worldwide. The lack of proper regulations and laws governing feed premixes in many countries has created opportunities for suppliers of substandard products to enter the market. However, increasing awareness, growing demand for animal nutrition, and antibiotic bans in several regions are driving livestock industry players and meat manufacturers to incorporate probiotics in premixes. These probiotic-enhanced premixes are considered safer alternatives and are anticipated to stimulate growth in the global feed premix market.
Feed Premix Market Trends
Increasing Demand for High-Value Animal Protein
Animal-derived food products, including meat, eggs, and milk, play a crucial role in meeting global nutrition targets, as reported by the Food and Agriculture Organization (FAO). These products provide high-quality protein, essential fatty acids, and vital nutrients such as iron, calcium, zinc, selenium, vitamin B12, and choline. Additionally, they contain bioactive compounds like carnitine, creatine, and taurine, which are important for health and development in the region. The livestock industry faces growing pressure to meet the rising demand for meat and high-value animal protein.
According to the Food and Agriculture Organization, in 2023, global poultry meat consumption reached 139.7 million metric tons, making it the most consumed meat worldwide. Pork ranked second with 122 million metric tons, followed by beef and veal at 71.9 million metric tons. The growing awareness of protein-rich diets among consumers is projected to drive increased consumption of animal protein sources. This trend is likely to stimulate market growth through the increased use of feed premixes for livestock.
A February 2024 study by the Socio-Cultural Research in Protein Transition (SCRiPT) examined protein consumption patterns in Malaysia. The research found average protein intake to be 75.2 g/day based on 24-hour dietary recall and 74.9 g/day using the Protein Diversity Indicator (PDI), suggesting adequate protein consumption overall. Protein intake varied across demographic groups, with higher levels observed among males, high-income individuals, those with higher education, and those of Chinese ethnicity. The study revealed a diverse distribution of protein sources in the Malaysian diet for 2023: meat and poultry contributed 36.2%, fish 8.8%, eggs and dairy 16.0%, and plant-based proteins 39.0%. These findings indicate potential growth in the feed premix market, as feed premixes provide essential vitamins, minerals, and nutrients necessary for optimal animal growth. Therefore, the gaining adoption of animal protein intake in the form of egg, milk, and meat will lead to demand for animal-sourced foods possibly enhancing the feed premixes market during the forecast period.
Asia-Pacific Dominates the Market
The Asia-Pacific region is the world’s largest compound feed producer. According to Alltech’s Agri-Food Outlook 2023 report, 466 thousand metric tons (36.8%) of world compound feed production, which was 1.266 billion metric tons in 2022, was apprehended by Asia-Pacific countries. In addition, animal diseases were the main factor in the region's demand for feed premixes. According to Alltech’s report, animal diseases have disrupted feed production in more than 80% of countries. Especially African swine fever (ASF) which has played a significant role in China, Indonesia, Malaysia, Myanmar, Nepal, the Philippines, Singapore, South Korea, Thailand, and Vietnam, thereby boosting the growth of the feed premixes in the market studied in coming years.
Beef meat is one of the most consumed animal products in the Asia-Pacific region. In 2022, Indonesia produced nearly 500,000 metric tons of beef cattle meat which showed an increase from the previous year. Although the production is increasing the demand for red meat in Indonesia has been steadily increasing in recent years, while the meat supply has not been able to meet it. In 2022, in Java, Indonesia’s demand for 500,430 metric tons of beef cattle and buffalo meat, was almost six times higher than in Sumatra Island. Additionally, in 2023, pigs and poultry are the main animals being fed in China, with poultry accounting for 51.6% and pigs accounting for 35.4% of livestock feeding. According to Animal Nutrition of China, Methionine is the most important limiting amino acid for chickens, while lysine is the main limiting amino acid for pigs. Due to China’s livestock-feeding economy and the need to be self-sufficient in feed amino acids, it is evident that the consumption structure of feed amino acids in China is largely influenced by methionine and lysine, with threonine and tryptophan being used as premixes.
Additionally, the government’s efforts to promote sustainable and efficient livestock production are likely to play a role in driving the market. For instance, the Indonesia-Australia Partnership on Food Security in the Red Meat and Cattle Sector is a collaborative effort between the two countries that is financed by the Australian Government. This partnership, which will continue until 2024, is a ten-year initiative that has received USD 60 thousand in funding from the Australian Government and additional contributions from other project partners. The partnership aims to promote food security and access to the global supply chain for red meat and cattle products through trade and investment. This encourages the use of animal feed enzymes, to achieve better feed conversion rates and reduce feed costs, which align with the country`s agricultural development goals. Along with this, in 2023, the Ministry of Agriculture (MOA) issued a decree regarding the "Road Map for Foot and Mouth Disease Eradication from the Territory of the Republic of Indonesia," which includes a plan to restock the dairy cattle population through the import of livestock from abroad. This raises the population of dairy cattle thereby supporting the the feed premixes market growth during the coming years.
Feed Premix Industry Overview
The feed Premixes market is consolidated, with a few global players leading the market with a highly diversified product portfolio and several acquisitions and agreements taking place to gain a major share in the industry. Some of the major players in the feed premixes industry include Cargill, Incorporated, Archer Daniels Midland Company (ADM), BASF SE, Land O'Lakes, Inc., DSM-Firmenich, etc. who are operating in the region. The companies are not only competing based on product quality or product promotion but are also focused on other strategic moves, like acquisitions and expansions, to acquire a larger share and expand their acquired market size. The most adopted strategies for these companies are mergers and acquisitions, and from time to time collaborations for investments in new product developments and research enhancement.
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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DSM-Firmenich
*Disclaimer: Major Players sorted in no particular order
Feed Premix Market News
- September 2024: DSM-Firmenich has expanded its premix and additives manufacturing plant in Egypt. The new facility spans 10,000 square meters and features modern infrastructure and advanced technology from Buhler Technologies. It incorporates an integrated plant control system with bar coding and serves customers in Egypt, the Middle East, Southern Europe, and Africa.
- January 2024: ADM acquired PT Trouw Nutrition Indonesia, a leading premix manufacturer that provides innovative and comprehensive nutrition solutions for the animal industry. This planned acquisition aims to strengthen ADM's premix and feed additives & ingredients (FA&I) business. The move strategically positions ADM to meet the anticipated market growth and sustain the rising demand for protein in the animal nutrition sector.
- September 2023: Cargill, Incorporated opened a new Provimi Premix plant to address the increasing demand from livestock and aquaculture farmers in Vietnam. The new factory covers 30,000 square meters with an annual capacity of 40,000 metric tons representing a 100% increase over the previous plant. The new facility features advanced technology with an automation rate exceeding 95%, ensuring high-quality control for partners and customers.
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
4.2.1 Increasing Demand for High-Value Animal Protein
4.2.2 Increasing Livestock Population
4.2.3 Increasing Demand for Commercial Feed Products in Livestock Raising
4.3 Market Restraints
4.3.1 High Cost of Feed Ingredients Such as Corn
4.3.2 Challenging Regulatory Conditions
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 Aquaculture 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, Incorporated
6.3.2 Archer Daniels Midland Company (ADM)
6.3.3 DSM-Firmenich
6.3.4 BASF SE
6.3.5 Land O'Lakes Inc.
6.3.6 Godrej Agrovet Limited
6.3.7 Alltech.
6.3.8 Evonik Industries AG
6.3.9 IFF(Danisco Animal Nutrition)
6.3.10 Nutreco
6.3.11 De Hues Group
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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 feed premix market is segmented by Ingredient Type (Antibiotics, Vitamins, Antioxidants, Amino Acids, Minerals, and Other Ingredient Types), Animal Type (Ruminant Feed, Poultry Feed, Swine Feed, Aquaculture Feed, and Other Animal Feed), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers market size and forecasts in terms of value (USD) and volume (metric tons) for all the above segments.
| Ingredient Type | |
| Antibiotics | |
| Vitamins | |
| Antioxidants | |
| Amino Acids | |
| Minerals | |
| Other Ingredient Types |
| Animal Type | |
| Ruminant Feed | |
| Poultry Feed | |
| Swine Feed | |
| Aquaculture 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 DSM-Firmenich are the major companies operating in the Feed Premix Market.
Which is the fastest growing region in Feed Premix Market?
North America 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 Premix 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.
Feed Premix Market Report Snapshots
