North America Ruminant Feed Premix Market - Growth, Trends and Forecasts (2020 - 2025)

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North America ruminant feed premix market valued at USD XX million in the year 2016 and is estimated to reach USD XX million in the year 2021 at a CAGR of XX%. Based on the FAO data, feed premix is defined as a uniform mixture of certain micro-ingredients, which includes vitamins, minerals, antibiotics and other drugs, with a diluent or carrier. The purpose of these premixes is to enable uniform dispersion of the micro-ingredients in the overall feed mix. These premixes can be used in the manufacturing process or even by the farmer in preparing an on-farm feed formulation.

Market Dynamics

North America is a crucial and pioneering market in regard to ruminant feed premixes. The growth of this industry is dependent on two broad aspects: increasing demand for ruminant meats or dairy and the overall increase of the feed additives market. The mounting awareness of the safety of meat and milk products is another crucial factor in the use of such premixes. Given that the development of the premixes is mainly to address the specific nutritional needs and inherent genetic potential of animals, the stringent governmental regulations are pushing the industry to better accommodate feed premises in their manufacturing processes. Given the technical nature of these products, the rising cost of raw materials is a serious drawback for the market.  The industry is expected to sustain these costs with rising cattle meat prices.

Key Industry Players

The leaders in the North American ruminant feed premix market include:

  • Elanco
  • Cargill Inc
  • Land O Lakes Feed
  • Archer Daniels Midland
  • Lallemand Animal Nutrition
  • Kent Feeds

Key Deliverables in the Study

  • Market analysis for the North America ruminant feed premix market, with region specific assessments and competition analysis.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market.
  • Extensively researched competitive landscape section with profiles of major companies along with their market shares.
  • Identification and analysis of the macro and micro factors that affect the North America ruminant feed premix market.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • Wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights into the major countries/regions in which this industry is growing and identifying the regions still untapped.

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