Feed Premixes Market to Reach USD 48.41 Billion by 2032 at a CAGR of 6.3% By Emergen Research

Rising demand and consumption of livestock-based products is a major factor driving market revenue growth

VANCOUVER, BC, CANADA, June 25, 2024 /EINPresswire.com/ -- The global feed premixes market¹ size is expected to reach USD 48.41 Billion in 2032 and register a steady revenue CAGR of 6.3% during the forecast period, according to the latest analysis by Emergen Research. Rising demand and consumption of livestock-based products is primary key factor driving market revenue growth. Animal feed premix is a combination of vitamins, minerals, supplements, and other nutritional elements designed to offer a balanced diet and fulfill the livestock's specific nutritional demands. For instance, premix for cattle feed helps to produce high-quality milk, as well as supports through various stages of development, and improve their health and immunity. High-quality feed premixes also improve the quality of livestock-based products, such as meat, milk, and eggs providing better flavor, texture, and nutritional profiles, and making these more appealing to consumers.

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Some Key Highlights From the Report

The aquaculture feed premixes segment accounted for largest revenue share in the global fee premixes market in 2022. This is due to rising demand for feed premixes since these help to improve feed efficiency and animal health by minimizing livestock illnesses. Proteins, lipids, vitamins, and minerals are the primary components of fish feed, while protein is an essential nutrition for fish and prawns. The usage of premix in compound feed and aquaculture production has enhanced feed nutritional quality. There are several benefits associated with using aquaculture feed premixes including improved growth performance and feed conversion ratio, reduced mortality, enhanced immune function, and improved reproductive performance.

The powder segment is expected to register steadily fast revenue growth rate in the global feed premixes market during the forecast period. This is due to rising demand for powder feed premixes since these are used to supplement the basic feed with essential vitamins, minerals, amino acids, and other nutrients. Vitamin premix for poultry feed is designed to give optimal nutrition for poultry throughout their productive lives through feeds. Furthermore, these premixes feature fortification levels that match the vitamin needs of chickens in real-time for optimum health and productivity, hence driving revenue growth of this segment.

The online retail segment is expected to account for significantly large revenue share in the global feed premixes market during the forecast period. This is attributed to factors, such as no additional costs, as products can be shipped directly from sellers to the customers. Low product costs and discounts available throughout the year, and online retailers providing detailed product information, such as ingredient lists, nutritional content, and usage instructions, helps consumers to make informed purchasing decisions.

The Asia Pacific market accounted for largest revenue share in the global feed premixes market in 2022. This is due to rising demand and consumption of livestock-based products in countries such as India and China. In addition, increasing feed production and shifts in dietary preferences among individuals are leading to rising consumption of animal-based proteins, which is another factor driving market revenue growth of this region. Moreover, rising strategic initiatives by major companies is also expected to drive market revenue growth during the forecast period.

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Major Players/Manufacturers profiled in the report are:

BEC Feed Solutions Pty Ltd., Direct Line Insurance Group plc, Charoen Pokphand Foods PCL, Land O'Lakes, Inc., AB Agri Ltd., Phibro Animal Health Corporation, Devenish, Lexington, Avitech Nutrition Pvt. Ltd. and Advanced Animal Nutrition Pty Ltd

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For the purpose of this report, Emergen Research has segmented the global feed premixes market on the basis of type of livestock, ingredients type, form, function, distribution channel, end-use, and region:

Type of Livestock Outlook (Revenue, USD Billion; 2019–2032)

Poultry Feed Premixes

Ruminant Feed Premixes

Swine Feed Premixes

Aquaculture Feed Premixes

Pet Food Premixes

Others

Ingredients Type Outlook (Revenue, USD Billion; 2019–2032)

Vitamins

Minerals

Amino Acids

Antibiotics

Antioxidants

Nutraceuticals

Others

Form Outlook (Revenue, USD Billion; 2019–2032)

Powder

Liquid

Paste

Function Outlook (Revenue, USD Billion; 2019–2032)

Growth Promotion

Disease Prevention

Digestive Health

Immunity Enhancement

Bone Health

Others

Distribution Channel Outlook (Revenue, USD Billion; 2019–2032)

Direct Sales

Distributors

Online Retail

Others

End-use Outlook (Revenue, USD Billion; 2019–2032)

Commercial Farms

Livestock Feed Manufacturers

Home Mixers

Others

Key Geographies Profiled in the Report:

North America(the U.S., Mexico, and Canada)

Asia Pacific(China, Japan, India, and Rest of Asia Pacific)

Europe(the U.K., France, Germany, and Rest of Europe)

Latin America(Brazil and Rest of Latin America)

Middle East & Africa(GCC Countries and Rest of Middle East & Africa)

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