Market Size of Feed Premix Industry
| 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 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 Size Summary
The feed premix market is poised for significant growth over the forecast period, driven by the increasing global demand for high-value animal protein and the need for improved feed conversion rates. Despite moderate impacts from the COVID-19 pandemic, the market has seen advancements in animal medicine and technology, which have contributed to rising prices and demand from farmers. The market is characterized by a high concentration of international players, such as Cargill Incorporated, Archer Daniels Midland Company, and BASF SE, who dominate the market share. These companies are actively expanding their presence in developing regions by investing in new production facilities and acquiring local players, thereby enhancing their product portfolios in animal nutrition and feed premixes.
The Asia-Pacific region is expected to remain the largest and fastest-growing segment of the feed premix market, driven by the systematic and industrialized production of livestock and increasing herd sizes. The region's farmers are increasingly recognizing the importance of optimal animal nutrition for productivity and health, leading to greater adoption of feed premixes. The demand for environmentally safe and chemical-residue-free meat and dairy products is further propelling the market. As economic activities normalize post-pandemic, the demand for meat is expected to rebound, supporting the growth of the feed premix industry. Major players are strategically targeting developing countries to capture untapped markets, as evidenced by partnerships and acquisitions aimed at expanding their reach in regions like China and Vietnam.
Feed Premix Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitutes
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Ingredient Type
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2.1.1 Antibiotics
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2.1.2 Vitamins
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2.1.3 Antioxidants
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2.1.4 Amino Acids
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2.1.5 Minerals
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2.1.6 Other Ingredient Types
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2.2 Animal Type
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2.2.1 Ruminant Feed
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2.2.2 Poultry Feed
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2.2.3 Swine Feed
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2.2.4 Acquaculture Feed
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2.2.5 Other Animal Feed
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Spain
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2.3.2.5 Russia
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2.3.2.6 Italy
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Japan
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2.3.3.4 Australia
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2.3.3.5 Thailand
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Feed Premix Market Size 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.
