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. Read More

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). Read More

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. Read More

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. Read More

Poultry Feed Premix Market Size

Market Size of Poultry Feed Premix Industry

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 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.

Ingredient
		Antibiotics
		Vitamins
		Antioxidants
		Amino Acids
		Minerals
		Other Ingredients

Geography

North America
	United States
	Canada
	Mexico
	Rest of North America

Europe
	Germany
	United Kingdom
	France
	Spain
	Russia
	Italy
	Rest of Europe

Asia-Pacific
	China
	India
	Japan
	Australia
	Rest of Asia-Pacific

South America
	Brazil
	Argentina
	Rest of South America

Africa
	South Africa
	Rest of Africa

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Poultry Feed Premix Market Size Summary

The poultry feed premix market is poised for steady growth, driven by the increasing global consumption of poultry meat, which has surpassed pork as the most consumed meat worldwide. This shift has led to the industrialization of poultry rearing, necessitating the use of feed premixes to optimize production efficiency. Feed costs constitute a significant portion of poultry production expenses, prompting farmers to seek feed combinations that enhance feed conversion ratios. Premixes play a crucial role in meeting the nutritional needs of poultry, supporting faster growth rates and improved genetic potential. The demand for vitamins in poultry feed premixes has surged, reflecting the need to address vitamin deficiencies under intensive growing conditions and to enhance survival rates and immunity.

The Asia-Pacific region stands out as the leading market for poultry feed premix, driven by high poultry production and consumption in countries like China, India, and Thailand. The region's poultry industry has transitioned from small-scale operations to highly industrialized production, with farmers investing in high-quality feed to ensure optimal nutrition. The market is characterized by fragmentation, with global and regional players competing with local manufacturers. Key companies such as Cargill Inc., Archer Daniels Midland Company, Land O' Lakes Inc., DBN Group, and DSM Animal Nutrition are focusing on expanding their business operations and increasing production capacity through strategic investments and expansions.

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Poultry Feed Premix Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Overview
2. 1.2 Market Drivers
  1. 1.2.1 Increasing Demand for High-Value Animal Protein
  2. 1.2.2 Growing Demand for Commercial Feed Products in Poultry Farming
  3. 1.2.3 Growing Awareness About the Importance of Maintaining Poultry Health
3. 1.3 Market Restraints
  1. 1.3.1 Rising Cost of Raw Materials
  2. 1.3.2 Regulatory Constraints
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Buyers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products
  5. 1.4.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 Ingredient
  1. 2.1.1 Antibiotics
  2. 2.1.2 Vitamins
  3. 2.1.3 Antioxidants
  4. 2.1.4 Amino Acids
  5. 2.1.5 Minerals
  6. 2.1.6 Other Ingredients
2. 2.2 Geography
  1. 2.2.1 North America
    1. 2.2.1.1 United States
    2. 2.2.1.2 Canada
    3. 2.2.1.3 Mexico
    4. 2.2.1.4 Rest of North America
  2. 2.2.2 Europe
    1. 2.2.2.1 Germany
    2. 2.2.2.2 United Kingdom
    3. 2.2.2.3 France
    4. 2.2.2.4 Spain
    5. 2.2.2.5 Russia
    6. 2.2.2.6 Italy
    7. 2.2.2.7 Rest of Europe
  3. 2.2.3 Asia-Pacific
    1. 2.2.3.1 China
    2. 2.2.3.2 India
    3. 2.2.3.3 Japan
    4. 2.2.3.4 Australia
    5. 2.2.3.5 Rest of Asia-Pacific
  4. 2.2.4 South America
    1. 2.2.4.1 Brazil
    2. 2.2.4.2 Argentina
    3. 2.2.4.3 Rest of South America
  5. 2.2.5 Africa
    1. 2.2.5.1 South Africa
    2. 2.2.5.2 Rest of Africa