Market Size of Feed Premix Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 12.67 Billion |
| Market Size (2029) | USD 16.47 Billion |
| CAGR (2024 - 2029) | 5.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Feed Premix Market Analysis
The Feed Premix Market size is estimated at USD 12.67 billion in 2024, and is expected to reach USD 16.47 billion by 2029, growing at a CAGR of 5.40% during the forecast period (2024-2029).
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.
