The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

 As per The Business Research Company’s Feed Premix Global Market Report 2023, The global feed premix market is expected to grow from $19.2 billion in 2022 to $20.63 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The size of feed premix market is expected to grow to $30.12 billion in 2027 at a CAGR of 9.9%.

What was the major driver in the feed premix market?
The rising demand for and consumption of livestock-based products is likely to boost the feed premix industry forward. Eggs, dairy products, and meat products are examples of livestock-based products. Adding feed premix to the diet of livestock helps to provide adequate vitamins and minerals, improve nutrition, and increase the production of livestock-based products such as milk. Increased acceptance and consumption of dairy and meat products is increasing sales of livestock-based products, raising demand for feed premix. For example, according to USDA data, dairy consumption in America in 2020 was approximately 655 pounds of dairy in milk, yoghurt, cheese, butter, ice cream, and other healthy and nutritious dairy foods, a 3 pound rise from 2019. As a result, rising demand for and consumption of livestock-based products will propel the feed premix market forward.

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What was the key trend in the feed premix market?
The creation of a novel feed ingredient is a crucial trend that is gaining traction in the feed premix market. Advances in feed ingredient qualities will result in improved feed premix properties, which will benefit consuming livestock. These new feed additives offer extra benefits such as improved health and increased output. For example, BASF, a German chemical business, created Natupulse TS, a new feed enzyme that releases precious nutrients, in December 2021. Natupulse® TS is a non-starch polysaccharide (NSP) enzyme. As an endo-1,4-ß-D-mannanase (MOS), it hydrolyzes ß-mannans into smaller components such as manno-oligosaccharides. When ß-mannanase is introduced to the feed, the viscosity of the digesta is reduced, the digestibility of the feed is raised, and a more sustainable output is ensured.

Which was the largest region in the feed premix market?
Asia-Pacific was the largest region in the feed premix market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the feed premix market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Who are the feed premix market prominent players?
Major players in the feed premix market are Advanced Animal Nutrition Pty Ltd., Archer Daniels Midland Company, BASF SE, BEC Feed Solutions Pvt Ltd., Cargill Incorporated, Danish Agro Group, Dansk Landbrugs Grovvareselskab, De Heus Voeders BV, Phibro Animal Health Corporation, ForFramers BV, Godrej Agrovet Limited, Invivo NSA, Koninklijke Coöperatie Agrifirm UA, Koninklijke DSM, Land O’Lakes Inc., Nutreco NV, AB Agri Ltd., Agrofeed Ltd., Avitech Nutrition Pvt Ltd., DSM Austria GmbH (Biomin), Beijing Da Bei Nong Science and Technology Group Co Ltd (DBN Group), Burkmann Industries Inc., Purina Animal Nutrition LLC and Hi-Nutrients International Limited.

Key feed premix market segments
The global feed premix market is segmented –
1) By Type: Amino Acids, Antioxidants, Antibiotics, Vitamins, Minerals, Other Types
2) By Form: Dry, Liquid
3) By Livestock: Ruminants, Swine, Aquatic Animals, Poultry, Pets

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The Feed Premix Global Market Report 2023  provides a comprehensive overview on the feed premix market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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