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 |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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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, growing at a CAGR of 3.60% during the forecast period (2024-2029).
- At the end of 2019, poultry toppled pork as the number one consumed meat in the world. The global consumption of poultry meat stood at 124.6 million metric ton. Increased consumption of poultry meat led to increased industrialization of poultry rearing, thus, necessitating the use of feed premixes in poultry feed.
- Almost 65% of the cost of production of poultry is accounted for by feed. This led to high fluctuations in production costs, on account of fluctuating prices of feed raw materials, like corn. This phenomenon has led farmers to prefer feed combinations that provide maximum feed conversion. Apart from supporting nutritional requirements of the birds, premixes are also important for improved feed conversion ratio and, hence, they are a key part of large-scale poultry rearing.
