Feed Premix Market

Feed Premix Market Outlook (2024 to 2034)

Worldwide sales of feed premixes are estimated at US$ 12.1 billion in 2024. The global feed premix market is evaluated to expand at 5.5% CAGR and reach a size of US$ 20.7 billion by the end of 2034. Increasing demand for high-quality animal feed and greater emphasis on boosting livestock production are driving the demand for feed premixes.

A feed premix is a mixture of a few specified complex compounds, such as minerals, vitamins, and amino acids, which are added to animal diets to accelerate their growth and development. Feed premixes ensure optimal animal health, development, and performance, particularly for the poultry, swine, cattle, and aquaculture segments.

Advancements in animal nutrition research and development are enhancing feed efficiency and animal health, further fueling market expansion. Feed premixes encompass both macronutrients and micronutrients. While carbohydrates, fat, and other macronutrients are required in substantial quantities, micronutrients (like vitamins, amino acids, and minerals) are necessary in smaller amounts for animal development.

Micronutrients hold utmost importance, albeit sometimes overlooked in animal nutrition. Consequently, there is a need to boost feed premix production. Farmers employing feed premixes accelerate their animals' growth.

Key Market Growth Drivers

• Growing demand for meat, dairy, and other animal-derived goods requires efficient and high-yield livestock farming. This increase in demand needs enhanced animal nutrition to improve livestock health, growth rates, and productivity, driving up demand for feed premixes.
• One of the key feed premix market trends is animal nutrition research & development, resulting in the production of more specialized and effective products.
• Rising demand for feed premixes is attributed to their significance as a vital source of nutrients essential for cattle development, reproduction, and immune system maintenance.
• Farmers are generating feed premix demand as they strive to meet the increasing need for premium animal protein through sustainable and efficient livestock production methods.
• The expansion of the aquaculture sector, driven by growing fish demand, is highlighting the role of feed premixes in providing essential nutrients for healthy growth and high production among fish and other aquatic animals.
• Other factors driving feed premix market growth include the development of new nutritional additives and advancements in feed formulation.

Report Attribute	Detail
Feed Premix Market Size (2024E)	US$ 12.1 Billion
Forecasted Market Value (2034F)	US$ 20.7 Billion
Global Market Growth Rate (2024 to 2034)	5.5% CAGR
North America Market Share (2024E)	23.9%
East Asia Market Value (2024E)	US$ 2.7 Billion
Vitamins Segment Value (2034F)	US$ 6 Billion
Key Companies Profiled	Dansk Landbrugs Grovvareselskab A.M.B.A.; Land O'Lakes, Inc.; Koninklijke DSM N.V.; Wright Enrichment Inc.; SternVitamin GmbH & Co. KG; Glanbia Plc; Godrej Agrovet; BASF SE; Cargill Incorporated; Vitablend Nederland BV; Wright Foods Co., Inc.

Why is Importance of Feed Premixes Increasing Worldwide?

“Growing Focus on Effective Livestock Production”

Growing need for effective and high-yield livestock production is driven mostly by the increasing demand for meat, dairy, and other animal-based products worldwide. This increase in demand highlights the need for better animal nutrition to improve the health, growth rates, and overall productivity of cattle. Due to this requirement, the adoption of feed premixes, which offer vital nutrients to promote ideal animal growth and productive production methods, is gaining traction.

“Gradual Shift toward Sustainable Aquaculture Practices”

The aquaculture industry is expanding in response to the rising global demand for fish. Feed premixes play a crucial role in this growth by providing fish and other aquatic animals with essential nutrients for thriving and producing large harvests. These premixes help maximize feed efficiency, reduce waste, and enhance the overall well-being of aquatic animals.

Increasing focus on sustainable aquaculture practices drives the need for effective and environmentally friendly feed solutions. As a result, the emphasis on efficiency and sustainability in the aquaculture sector is significantly boosting the demand for feed premixes.

Why are Alternatives Such as Probiotics and Direct-Fed Microbials Preferred over Premixes?

“High Volatility in Prices of Essential Components”

Vitamins, minerals, amino acids, and other nutritional additives are essential components of feed premixes, and their prices are highly volatile. Geopolitical tensions, shifts in supply and demand dynamics, and environmental factors affecting agricultural yields all contribute to price fluctuations. Feed premix producers face challenges and increased production costs due to these variable prices, potentially impacting their profitability and complicating their pricing strategies.

Other feed additives, such as probiotics, enzymes, and direct-fed microbials, compete with feed premixes. These alternative additives enhance intestinal health, increase nutrient absorption, and offer overall animal performance benefits that can surpass those of feed premixes.

Availability of various substitutes is hindering the expansion of the feed premix market size, as farmers and producers can choose from a range of nutritional approaches to meet their specific needs and goals.

Country-wise Insights

North America is poised to hold 23.9% of the global feed premix market share in 2024. Advanced methods of raising animals and a growing market for dairy and meat products are boosting demand in the region. The growth of the market in South Asia & Pacific is driven by the increasing production of livestock due to growing meat consumption in various countries.

Which Factors are Pushing Use of Feed Premixes in the United States?

“Use of Advanced Agricultural Techniques and Focus on Maintaining Feed Production Standards”

Attribute	United States
Market Value (2024E)	US$ 1.3 Billion
Growth Rate (2024 to 2034)	5.9% CAGR
Projected Value (2034F)	US$ 2.3 Billion

The livestock industry in the United States is known for its use of modern technologies and innovative agricultural techniques. Producers and farmers continually seek methods to improve animal health, feed efficiency, and overall output, which boosts the demand for feed premixes as they provide vital nutrients and enhance feed conversion rates, key components of these strategies.

By incorporating feed premixes into their operations, livestock farmers in the United States ensure optimal animal development, health, and performance, all crucial for maintaining strict production standards and meeting consumer demands.

How are Farmers in Japan Using Advanced Technology to Improve Animal Health?

“Increasing Use of Advanced Feed Solutions to Obtain Tailored Nutritional Mixes”

Attribute	Japan
Market Value (2024E)	US$ 800 Million
Growth Rate (2024 to 2034)	6% CAGR
Projected Value (2034F)	US$ 1.4 Billion

Animal nutrition providers are using innovative approaches, as evidenced by Japan's reputation for agricultural and technical innovation. Feed premixes, new feed formulations, and precision nutrition solutions are becoming popular among farmers in Japan who seek to improve animal health and efficiency.

Advancements provide livestock with precisely tailored nutritional mixes, ensuring the right amounts of essential nutrients for growth, immunity, and overall health. By adopting these advanced practices, Japan aims to enhance animal welfare, boost productivity, and sustainably meet the evolving demands of modern agriculture.

Category-wise Insights

Based on livestock, the market is segmented into ruminants, swine, poultry, and aquaculture. The poultry segment is estimated to account for a significant global market share in 2024.

What is Driving Focus on Vitamin Feed Premixes in Animal Nutrition?

“Growing Emphasis on Healthy Growth and Immunity in Animals”

Attribute	Vitamins
Segment Value (2024E)	US$ 3.5 Billion
Growth Rate (2024 to 2034)	5.6% CAGR
Projected Value (2034F)	US$ 6 Billion

Vitamins are calculated to account for 28.6% of the worldwide market share in 2024. Growing demand for vitamin premixes is driven by their significance in animal health and productivity. Vitamin premixes are essential for ensuring that animals receive the necessary nutrition for healthy growth, immunity, and overall well-being.

As the global population rises, there is a growing demand for premium animal products such as meat, eggs, and dairy. As a result, there is now a greater emphasis on animal nutrition and the use of vitamin feed premixes to optimize their health and productivity.

Competitive Landscape

Key players in the feed premix industry are striving to expand their present product portfolios and acquire firms that complement theirs to maintain their position. They are also focusing on the enhancement of feed premixes to escalate their nutritional value to gain a competitive advantage.

With the growing need for safe and nutrient-rich animal feed, manufacturers are responding by increasing the quality and safety of their products while keeping them economically viable.

• In February 2024, to bolster its feed additive and premix business in North America, South Korea-based EASY BIO acquired a 100% share of Devenish Nutrition LLC, a United States-based organization that specializes in feed additives.
• In January 2024, to build three new feed facilities in the Southern Brazilian cities of Seberi, Santo Inacio, and Itaiopolis, JBS invested US$ 116.6 million in these projects. With the business unit Seara having grown substantially in the last several years due to the company's investment strategy, the investments are intended to match the input supply with the production capability of the unit.
• In December 2023, ADM and PT Trouw Nutrition Indonesia, a Nutreco affiliate, signed an agreement for ADM to acquire the premix maker. The acquisition includes offices, warehouses, and labs throughout Indonesia, in addition to two premix production facilities, the Pasuruan facility in Surabaya and the Cibitung site in Jakarta.

Fact.MR provides detailed information about the price points of key manufacturers of feed premixes positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.

Segmentation of Feed Premix Market Research

• By Form :

  • Powder
  • Liquid

• By Ingredient :

  • Antibiotics
  • Vitamins
  • Amino Acids
  • Minerals
  • Antioxidants

• By Livestock :

  • Ruminants
  • Swine
  • Poultry
  • Aquaculture
  • Others
    • Horses
    • Pets

• By Region :

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa