Feed Premix Market Size (2024 - 2029)

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 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.