Poultry Feed Premix Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 6.87 Billion |
| Market Size (2029) | USD 8.19 Billion |
| CAGR (2024 - 2029) | 3.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Poultry Feed Premix Market Analysis
The Poultry Feed Premix Market size is estimated at USD 6.87 billion in 2024, and is expected to reach USD 8.19 billion by 2029, at a CAGR of 3.60% during the forecast period (2024-2029).
The global poultry feed premix market is experiencing significant growth, driven by an increasing worldwide population and rising demand for poultry meat across various sectors, particularly in fast-food restaurants. This heightened demand for nutritious poultry meat is anticipated to propel market expansion. The primary driver of the market is the rapidly increasing consumption of poultry meat products. Poultry is considered one of the most economical protein sources, leading to consistent growth in demand for products such as eggs and meat. For instance, USDA data shows the United States per capita poultry meat consumption rose from 52.3 kg in 2022 to 53.0 kg in 2023. The push to satisfy consumer appetite for meat, combined with the advantages of poultry feed premix in boosting animal feed intake, has spurred market expansion.
Additionally, rising consumer incomes and increasing urbanization in the Asia-Pacific region are contributing to higher demand for poultry products, further stimulating market growth. China's National Bureau of Statistics (NBS) reported that in 2023, the country's poultry egg production reached 35.63 million metric tons, a 3.1% increase from 2022. This growth is anticipated to drive demand for layer birds, subsequently supporting the usage of poultry feed premix. Increasing poultry expansion projects are also contributing to market growth. For example, in April 2022, Cargill invested USD 50 million in research and development facilities in China, near Elk River, Minnesota, and the Netherlands to advance animal nutrition and feed research. Such investments in poultry expansion present opportunities for growth in the poultry feed premix sector.
Furthermore, the trend towards larger, concentrated animal feeding operations (CAFOs) has amplified the demand for poultry feed premix market. These industrial-scale poultry operations leverage high-quality feed premix to boost production efficiency. As an increasing number of growers adopt these practices, the demand for poultry feed premix is set to rise, supporting the production of premium compound feed. This trend is anticipated to further propel the growth of the poultry feed premix market during the forecast period.
Poultry Feed Premix Market Trends
Increasing Demand for High-Value Animal Protein
There has been increasing pressure on the poultry industry to meet the increasing demand for meat and high-value animal protein. Population growth, rising incomes in developing nations, and urbanization have led to a surge in global poultry production. With greater awareness among the population regarding the importance of protein-rich diets, an increase in the consumption of animal protein sources is anticipated to fuel the growth of the market through usage in premixes for poultry such as chickens, ducks, and turkeys, which are one of the most popular and widely consumed meats worldwide, majorly in Europe and Southeast Asia.
Furthermore, with the rise in meat consumption across the world, the feed premixes industry is estimated to witness a huge demand for better quality meat. According to the FAO, global poultry meat production reached 138 metric tons in 2022, or 0.77% greater than the previous year's value, and consumption reached 137.5 metric tons, or 0.73% more than the previous year.
Additionally, due to a decline in the prices of meat and meat products, developing countries are embarking on high-quantity meat consumption at much lower levels of gross domestic product than the industrialized countries 2-3 decades ago. Urbanization also contributes actively to the increased demand for poultry meat. Compared to the diet in rural areas, cities have varied diets rich in animal proteins and fats. Therefore, premixes are an important part of the expanding swine meat production industry. They help in improving the rate of weight gain, disease prevention, and conversion in poultry, thus, enhancing the quality of meat production. The demand for low-cost meat with a greater nutritional value is a driving factor in the market.
According to a report by the Department of Animal Husbandry and Dairying India, poultry production in India has taken a big leap in the previous four decades, transitioning from traditional agricultural techniques to a commercial production system using cutting-edge technology. According to the 20th Livestock Census, the country's total poultry population is 885.7 million, and meat output is approximately 4.95 million metric tons in 2022. This shift towards large-scale, technologically advanced poultry farming has increased the demand for poultry feed premix, making it a crucial component of the industry’s growth. Hence, the demand for poultry feed premix is likely to increase owing to the surge in meat consumption and the huge demand for animal protein in the forecast period.
Asia-Pacific Leads the Global Market
Asia-Pacific holds the largest share of the global poultry feed premix market. The region's vast population and increasing disposable incomes are driving rapid market growth. Over the past two decades, China and India have experienced significant expansion in their poultry sectors, both in terms of bird numbers and output per bird. This growth is closely linked to the adoption of intensive farming systems, which utilize high food conversion ratios.
China's poultry feed premix usage is increasing due to strong demand for chicken meat. According to USDA data, chicken meat consumption in China rose from 14,401 thousand metric tons in 2022 to 15,002 thousand metric tons in 2023. The country's major poultry feed and feed additives production areas for poultry are concentrated in Henan, Shandong, Guangdong, and Sichuan, strategically located near raw materials and poultry farms.
Investments in the poultry feed premix sector across Asian countries are contributing to market growth. For example, in January 2024, San Miguel, a leading commercial feed producer in the Philippines, announced plans to invest PHP21 billion (USD 384 million) in the country's poultry feed, premix, additives, and poultry sector, including the establishment of 12 new poultry feed facilities. In India, factors such as rising per capita income, expansion of quick-service restaurants, and increasing demand for quality poultry products have significantly boosted the demand for poultry feed premix. These trends are anticipated to accelerate poultry feed premix sales in the country in the coming years.
The demand for poultry feed premix remains high in emerging economies of Asia-Pacific, particularly in China and India. This trend is driving the use of higher-quality feed for a growing poultry population. Notably, Asia-Pacific accounts for two-thirds of the increase in global poultry meat production, further underlining the region's importance in the poultry feed premix market.
Poultry Feed Premix Industry Overview
The poultry feed premix market is fragmented in nature, with the top global and regional players competing fiercely with local manufacturers. Expansions and investments are the most preferred growth strategies, followed by mergers and acquisitions, in the market studied. The major companies are focused on the expansion of the business across regions and setting up new plants for increasing production capacity, as well as product lines. The major players in the market are Cargill Inc., Archer Daniels Midland Company, Land O' Lakes Inc., DBN Group, and DSM Animal Nutrition, among others.
Poultry Feed Premix Market Leaders
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Cargill, Inc.
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DSM Animal Nutrition
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DBN Group
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Land O' Lakes, Inc.
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Archer Daniels Midland Company
*Disclaimer: Major Players sorted in no particular order
Poultry Feed Premix Market News
- September 2024: ForFarmers and Team Agrar, a division of the DLG Group, partnered to operate jointly on animal feed and feed premix in Germany. The resulting joint venture will operate under the name ForFarmers team agar and will offer a comprehensive feed premix portfolio for various animals including poultry.
- September 2023: Cargill expanded a new Provimi Premix plant in Giang Dien Industrial Park, Dong Nai Province, Vietnam, to meet growing demand from animal growers including poultry. Covering 30,000 square meters and an annual capacity of 40,000 tons this plant stands as one of Cargill's premier premix facilities in Asia.
- May 2022: ADM (US) acquired a feed mill in Polomolok, South Cotabato, Philippines, from South Sunrays Milling Corporation. This facility, along with two other feed production plants in Cebu and Bulacan, aims to support customer growth in the region by providing a diverse range of poultry feed premix solutions.
Poultry 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 Growing Demand for Commercial Feed Products in Poultry Farming
4.2.3 Growing Awareness About the Importance of Maintaining Poultry Health
4.3 Market Restraints
4.3.1 Rising Cost of Raw Materials
4.3.2 Regulatory Constraints
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 Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Ingredient
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 Ingredients
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.1.4 Rest of North America
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Spain
5.2.2.5 Russia
5.2.2.6 Italy
5.2.2.7 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 India
5.2.3.3 Japan
5.2.3.4 Australia
5.2.3.5 Rest of Asia-Pacific
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Africa
5.2.5.1 South Africa
5.2.5.2 Rest of 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 Land O' Lakes Inc.
6.3.3 DBN Group
6.3.4 Archer Daniels Midland Company
6.3.5 ForFarmers NV
6.3.6 DLG Group
6.3.7 DSM Animal Nutrition
6.3.8 De Heus Animal Nutrition BV
6.3.9 Lallemand Inc.
6.3.10 Kent Nutrition Group Inc.
6.3.11 BEC Feed Solutions
6.3.12 SHV (Nutreco N.V.)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Poultry Feed Premix Industry Segmentation
Poultry premix feed is referred to as feed that is mainly composed of two or more kinds (varieties) of nutritional feed additives mixed with a carrier or diluent in a certain proportion, including complex premix, trace mineral premix, and vitamin premix feed. The Poultry Feed Premix Market is Segmented by Ingredient (Antibiotics, Vitamins, Antioxidants, Amino Acids, Minerals, and Other Ingredients), Geography ( North America, Europe, Asia-Pacific, South America, and Africa). The report offers the market sizes and forecasts in value (USD million) for all the above segments.
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Poultry Feed Premix Market Research FAQs
How big is the Poultry Feed Premix Market?
The Poultry Feed Premix Market size is expected to reach USD 6.87 billion in 2024 and grow at a CAGR of 3.60% to reach USD 8.19 billion by 2029.
What is the current Poultry Feed Premix Market size?
In 2024, the Poultry Feed Premix Market size is expected to reach USD 6.87 billion.
Who are the key players in Poultry Feed Premix Market?
Cargill, Inc., DSM Animal Nutrition, DBN Group, Land O' Lakes, Inc. and Archer Daniels Midland Company are the major companies operating in the Poultry Feed Premix Market.
Which is the fastest growing region in Poultry 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 Poultry Feed Premix Market?
In 2024, the Asia Pacific accounts for the largest market share in Poultry Feed Premix Market.
What years does this Poultry Feed Premix Market cover, and what was the market size in 2023?
In 2023, the Poultry Feed Premix Market size was estimated at USD 6.62 billion. The report covers the Poultry Feed Premix Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Poultry Feed Premix Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Poultry Feed Premix Industry Report
Statistics for the 2024 Poultry Feed Premix market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Poultry 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.
Poultry Feed Premix Market Report Snapshots
