|Fastest Growing Market:||Asia Pacific|
|Largest Market:||Asia Pacific|
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The Feed Premix market is estimated to register a CAGR of 5.4% during the forecast period.
The feed premix market was not much affected by COVID-19 or are hit moderately. There have been many advancements in the field of animal medicine and related technological field. This has given rise to selling prices as well as demand from farmers. The pandemic has, however, resulted in lower than expected growth of the feed premix market.
The increasing demand for high-value animal protein and declining feed conversion rates are driving the animal feed premix market globally.
The market for feed premix is highly concentrated, with the dominance of a few international players accounting for the major share in the market. Some of the major players operating in the market are Cargill Incorporated, Archer Daniels Midland Company (ADM), Dansk Landbrugs Grovvareselskab A.M.B.A. (DLG), BASF SE, Land O'Lakes Inc., Godrej Agrovet, and Koninklijke DSM NV.
Scope of the Report
A premix is a value-added solution to livestock feed consisting of a mixture of requisite vitamins, minerals, diluents, and other nutrients. The increasing demand for high-value animal protein and declining feed conversion rates are driving the animal feed premix market. The scope of the premix market includes segmentation based on the type of ingredients such as antibiotics, vitamins, antioxidants, amino acids, minerals, and other types and on the basis of animals like ruminants, poultry, swine, aquaculture, and other animals. The report presents a detailed analysis of the markets based on geography, extending to all the major countries across the world. The report offers the market size and forecasts in terms of sales in units and value in USD million for all the above segments.
|Other Ingredient Types|
|Other Animal Feed|
Key Market Trends
Increasing Demand for High-value Animal Protein
The rising demand for high-value meat and dairy protein from health-conscious consumers is driving the feed premix industry. Livestock production is one of the fastest-growing segments in the agriculture industry. According to the United Nations Food and Agricultural Organisation, the demand for poultry meat in South Asia is projected to increase by 725% by 2030, with India contributing to an expected 850% increase in demand. India also has the largest cattle inventory in the world, followed by Brazil and China.
According to FAO, demand for meat declined due to the pandemic-induced supply chain issues but is expected to normalize and grow after economic activities come back to a normal level. World meat production remained stable in 2020 at 325.2 million metric tons, as output increases in poultry and ovine meats offset contractions in pig and bovine meat production. Total poultry meat production in 2020 was at 132 million metric tons, which has moved up around 5 % from 2019, supported by a sharp rise in demand in China.
Moreover, the surging demand for environmentally safe and chemical-residue-free meat, meat products, and milk and milk products is emphasizing the need for increased productivity through feed premixes.
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Growth in Asia-Pacific Projected to be Robust
There has been consistent growth in the animal husbandry industry in the Asia-Pacific region. Countries in the region are increasingly moving toward a systematic and industrialized production of livestock. Average herd sizes are increasing, as well as the productivity of animals. However, the farmers in the region are also dependent on home-grown feed, especially ruminants and swine. With an increase in awareness about providing optimum nutrition to animals for increasing productivity as well as animal health, premixes are increasingly finding their way into these traditional markets. The region is also characterized by the typical usage of both compound feed and home-grown feed for smaller herd-size farms. This phenomenon is expected to continue well into the forecast period, and the region is expected to remain the largest and fastest-growing geographical segment of the feed premix market over the forecast period.
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The market for feed premix is concentrated, with the dominance of a few international players accounting for a major share in the global market. Some of the major players include Cargill Incorporated, Archer Daniels Midland Company (ADM), Dansk Landbrugs Grovvareselskab A.M.B.A. (DLG), BASF SE, Land O'Lakes Inc., Godrej Agrovet, and Koninklijke DSM NV.
These companies are targeting countries in the developing countries for business expansion, either by investing in a new production unit or by acquiring established small players in the region. For instance, Archer Daniels Midland Co. (ADM) acquired Neovia in 2019 to expand its global reach and its diverse range of product portfolios in animal nutrition and feed premixes. Land O'Lakes Inc. has entered into a partnership with the Netherlands-based Royal Agrifirm Group to set up a dairy animal feed joint venture in China. This partnership will enable the unified company Agrilakes to capture the untapped dairy feed market in China, including feed premixes.
In 2021, Cargill opened one of the world's largest premix and animal nutrition facilities in Ohio, United States. The build represents a USD 50 million investment from the company. It is a 220,000-square-feet facility with advanced technologies.
In 2021, ADM acquired Vietnamese premix player Golden Farm Production & Commerce Company Limited. This strengthens its industrial and commercial coverage in a key feed market such as Vietnam.
Table of Contents
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
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Ingredient Type
5.1.4 Amino Acids
5.1.6 Other Ingredient Types
5.2 Animal Type
5.2.1 Ruminant Feed
5.2.2 Poultry Feed
5.2.3 Swine Feed
5.2.4 Acquaculture Feed
5.2.5 Other Animal Feed
5.3.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
5.3.4 South America
184.108.40.206 Rest of South America
5.3.5 Middle-East and Africa
220.127.116.11 Saudi Arabia
18.104.22.168 South Africa
22.214.171.124 Rest of Middle-East and 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 Archer Daniels Midland Company (ADM)
6.3.3 Dansk Landbrugs Grovvareselskab A.M.B.A. (DLG)
6.3.4 BASF SE
6.3.5 Land O'Lakes Inc.
6.3.6 Godrej Agrovet Limited
6.3.7 Koninklijke DSM NV
6.3.8 Invivo Group
6.3.9 Danish Agro
6.3.10 BDT Group
6.3.11 ForFramers BV
6.3.12 De Hues Group
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET
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Frequently Asked Questions
What is the study period of this market?
The Feed Premix Market market is studied from 2017 - 2027.
What is the growth rate of Feed Premix Market?
The Feed Premix Market is growing at a CAGR of 5.4% over the next 5 years.
Which region has highest growth rate in Feed Premix Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Feed Premix Market?
Asia Pacific holds highest share in 2021.
Who are the key players in Feed Premix Market?
Cargill, Incorporated, Archer Daniels Midland Company (ADM), BASF SE, Land O'Lakes, Inc., Koninklijke DSM N.V. are the major companies operating in Feed Premix Market.