Premix Feed Market

According to a new report published by Introspective Market Research, titled, “Premix Feed Market by Ingredient Type, Form, Application and Region: Global Opportunity Analysis and Industry Forecast, 2024–2032,” 

the global Premix Feed Market size was valued at $ 27.43 billion in 2023, and is projected to reach $ 50.01 billion by 2032, registering a CAGR of 6.90% from 2024 to 2032.

Pre-meal contains a unique combination of vitamins, minerals, and essential nutrients added to the feed to maintain nutritional value. These premixed feed supplements are tailored to meet the different nutritional needs of different animal species, improving their well-being, development, and overall performance. Pre-meal is widely used in animal husbandry to correct nutritional deficiencies and ensure optimal animal health and development. It contains a precise combination of vitamins, minerals, amino acids, and other essential nutrients, supplementing the basic feed to meet the special nutritional needs of different animal species. This tailored nutritional strategy is the key to maximizing animal numbers, enhancing reproductive performance and disease resistance, and increasing overall farm productivity and profitability.   

The Premix Feed Market is segmented into Ingredient Type, Form, Application, and region. By Ingredient Type, the market is categorized into Vitamins, Minerals, Amino acids, Antibiotics, Antibiotics, and Others. By Form, the market is categorized into Dry and Liquid. By Application, the market is categorized into Poultry, Ruminants, Aquatic animals, Equine, Pets, and Swine. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

Growing demand and consumption of pet products are emerging as the main catalysts boosting the expansion of the premix market. As the world's population grows and dietary preferences shift toward protein-rich foods, the use of animal products will increase significantly. This increased demand underlines the need to optimize animal health and productivity to meet the growing demands of the food industry.  

Developing countries are emerging as significant consumers of compound feed, creating a significant growth opportunity for the premixed feed market. These countries are experiencing rapid urbanization, economic growth, and dietary changes, increasing the demand for livestock products that meet the dietary preferences of growing populations. This increase in demand calls for the adoption of efficient and cost-effective approaches to improve animal health and productivity, leading to increased premix consumption.

Global Premix Feed Market, Segmentation

The Premix Feed Market is segmented based on Ingredient type, form, application, and region.

Ingredient Type:

The Ingredient type segment is further classified into Vitamins, Minerals, Amino acids, Antioxidants, Antibiotics, Others {Fibers, Nucleotides, Preservatives, Organic Acids, Enzymes, Pigments, Flavors}. Among these, the Amino acids sub-segment accounted for the highest market share in 2023. The amino acid segment is the main growth driver of the premix feed market and has the largest share. Amino acids are crucial in animal nutrition because they are important for protein synthesis, growth, and general metabolic functions. The growing awareness of the importance of a balanced diet in animal husbandry has led to a growing demand for the production of feed supplemented with amino acids to improve animal health and endurance.

Application:

The application segment is further classified into Poultry, Ruminants, Aquatic Animals, Equine, Pets, and Swine. Among these, the poultry sub-segment is anticipated to show the fastest growth by 2032. The poultry segment is poised to lead the expansion of the feed premix market. Poultry farming relies heavily on premixes to ensure optimal health and nutrition for poultry flocks. As the global demand for poultry products such as meat and eggs increase, the need for quality premixed feed to enhance the health and productivity of poultry increases.

Region:

The Premix Feed Market in Asia-Pacific is projected to show the fastest growth by 2032. Asia Pacific is expected to lead the regional expansion of the food premix market. The region's rapid population growth and growing demand for animal protein, particularly in emerging economies such as China and India, provide significant opportunities for the compound feed industry. The intensity of livestock production in the Asia-Pacific region, combined with general nutrient deficiencies in animal nutrition, increases the need for premixed feed to ensure optimal livestock health and productivity.

Some of The Leading/Active Market Players Are-

• Nutreco N.V.
• AB Agri Ltd.
• Devenish Nutrition LLC.
• Agrofeed Ltd.
• Vitablend Nederland BV
• Dansk Landbrugs Grovvareselskab A.M.B.A. (DLG)
• Glanbia plc
• Zagro Asia Ltd
• Charoen Pokphand Foods PCL
• Godrej Agrovet, and Other Active Players

Key Industry Developments

• In March 2024, De Heus opened a new shrimp feed mill in Co Chien Industrial Zone, Vinh Long province, Vietnam. The establishment of the De Heus Vinh Long Shrimp Feed Mill underscores the commitment of De Heus to long-term, strategic investments in the production of highly effective shrimp feed, facilitated by a dedicated, state-of-the-art manufacturing facility.
• In September 2023, US-based agribusiness giant Cargill opened a new Provimi Premix plant in Giang Điền Industrial Park, Đồng Nai Province, Vietnam, to meet growing demand from livestock and aquaculture farmers.

Key Findings of the Study 

• The amino acids segment accounted for the highest market share in 2023, driven by their essential role in protein synthesis, growth, and metabolic functions in animals.
• The poultry segment is expected to exhibit the fastest growth by 2032, due to the increasing global demand for poultry products like meat and eggs.
• Asia-Pacific is projected to show the fastest growth in the premix feed market by 2032, driven by rapid population growth and increasing demand for animal protein in emerging economies such as China and India.