Ruminant Feed Premix Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.70 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Ruminant Feed Premix Market Analysis
The global ruminant feed premix market is projected to record a CAGR of 3.7% during the forecast period (2020 - 2025). Growth is particularly high in emerging countries, such as China, India, and Brazil because of the increasing income levels and rising per capita meat consumption. Some major drivers of the premix feed industry are rise in the global meat consumption, increasing awareness toward meat quality and safety, increasing mass production of meat, and recent livestock disease outbreaks.
Ruminant Feed Premix Market Trends
This section covers the major market trends shaping the Ruminant Feed Premix Market according to our research experts:
Increased Awareness regarding Safety of Meat and Milk Products
Food safety has become a paramount issue for many governments around the world, especially in North America and Europe. Consumers are currently more aware and they give importance to the external, as well as nutritional quality attributes of the meat they consume. The animals often stand in their own waste and are under constant stress that affects their immune system, thus, making them prone to infection. In such situations, farmers opt for feed premixes to reduce the spread of diseases. Use of feed premix with enzymes and vitamins provides balanced nutrition to animals and protects them against harmful environmental influences.
Increasing Feed Premix Consumption in the United States
The United States is the leading consumer of feed premix in North America with a share of more than 30% of the North American ruminant feed premix market. The US feed additives market is highly organized, with production, usage, and marketing of compound feed and feed additives being carried out under regulation. The ban on antibiotics as growth promoters in animals has created an opportunity for feed additives, such as enzymes and acidifiers, further enhancing the quality of meat and productivity of livestock. Increasing production cost of raw materials is a major concern for manufacturers who are focusing on improving feed premix quality to enhance efficiency.
Ruminant Feed Premix Industry Overview
Companies like BASF, Cargill Inc., Danisco Animal Nutrition, Archer Daniels Midland Co. (ADM), and Nutreco,are some of the major players in theglobal ruminant feed premix market.These companies focus on expanding their businesses, especially in developing countries like India and Thailand. Moreover, they are increasing their investments in R&D activities for launching new products with better, latest, and new features.
Ruminant Feed Premix Market Leaders
-
BASF SE
-
Cargill Inc.
-
Archer Daniels Midland Co. (ADM)
-
Land O Lakes Feed
-
Nutreco NV
*Disclaimer: Major Players sorted in no particular order
Ruminant 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
-
4.3 Market Restraints
-
4.4 Porter's Five Forces Analysis
-
4.4.1 Bargaining Power of Suppliers
-
4.4.2 Bargaining Power of Buyers/Consumers
-
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 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 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 Italy
-
5.2.2.5 Spain
-
5.2.2.6 Russia
-
5.2.2.7 Rest of Europe
-
-
5.2.3 Asia-Pacific
-
5.2.3.1 China
-
5.2.3.2 Japan
-
5.2.3.3 India
-
5.2.3.4 Thailand
-
5.2.3.5 Vietnam
-
5.2.3.6 Australia
-
5.2.3.7 Rest of Asia-Pacific
-
-
5.2.4 South America
-
5.2.4.1 Brazil
-
5.2.4.2 Argentina
-
5.2.4.3 Chile
-
5.2.4.4 Rest of South America
-
-
5.2.5 Middle East & Africa
-
5.2.5.1 South Africa
-
5.2.5.2 Egypt
-
5.2.5.3 Rest of Middle East & Africa
-
-
-
-
6. COMPETITIVE LANDSCAPE
-
6.1 Most Adopted Strategies
-
6.2 Market Share Analysis
-
6.3 Company Profiles
-
6.3.1 BASF SE
-
6.3.2 Cargill Incorporated
-
6.3.3 Charoen Pokphand
-
6.3.4 DBN Group
-
6.3.5 Archer Daniels Midland Company
-
6.3.6 Lallemand Inc.
-
6.3.7 Godrej Agrovet Limited
-
6.3.8 Nutreco NV
-
- *List Not Exhaustive
-
-
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Ruminant Feed Premix Industry Segmentation
Feed premix is a uniform mixture of one or more micro-ingredients, such as vitamins, minerals, and amino acids with diluent and/or carrier. Premixes are used to facilitate uniform dispersion of micro-ingredients in a larger mix. The manufacturers supply premixes to assure regular uniform supply of nutrients to animals to enhance the quality of feed and productivity of the animals.
| Ingredient Type | |
| Antibiotics | |
| Vitamins | |
| Antioxidants | |
| Amino Acids | |
| Minerals | |
| Other Ingredient Types |
| Geography | |||||||||
| |||||||||
| |||||||||
| |||||||||
| |||||||||
|
Ruminant Feed Premix Market Research FAQs
What is the current Global Ruminant Feed Premix Market size?
The Global Ruminant Feed Premix Market is projected to register a CAGR of 3.70% during the forecast period (2024-2029)
Who are the key players in Global Ruminant Feed Premix Market?
BASF SE, Cargill Inc., Archer Daniels Midland Co. (ADM), Land O Lakes Feed and Nutreco NV are the major companies operating in the Global Ruminant Feed Premix Market.
Which is the fastest growing region in Global Ruminant 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 Global Ruminant Feed Premix Market?
In 2024, the Asia Pacific accounts for the largest market share in Global Ruminant Feed Premix Market.
What years does this Global Ruminant Feed Premix Market cover?
The report covers the Global Ruminant Feed Premix Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Ruminant Feed Premix Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Ruminant Feed Premix Industry Report
Statistics for the 2024 Global Ruminant Feed Premix market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Ruminant 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.
