The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s feed premix market report forecasts the feed premix market size to grow to $30.12 Billion by 2027, with a CAGR (compound annual growth rate) of almost 10%.

Learn More On The Feed Premix Market Report 2023 – https://www.thebusinessresearchcompany.com/report/feed-premix-global-market-report

Feed Premix Market Size Forecast
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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The feed premix market size is expected to grow to $30.12 billion in 2027 at a CAGR of 9.9%.

Asia-Pacific held the largest feed premix market share, and North America was the fastest-growing region in 2022.

Key Feed Premix Market Driver ­– Increase In The Demand And Consumption Of Livestock-Based Products
For instance, according to the U.S. Department of Agriculture (USDA) data, dairy consumption in America, in 2020, was around 655 pounds of dairy in milk, yogurt, cheese, butter, ice cream, and other wholesome and nutritious dairy foods, which is an increase of 3 pounds per person from 2019. Therefore, an increase in the demand and consumption of livestock-based products will drive the growth of the feed premix market.

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Key Feed Premix Market Trend – Developing New Feed Ingredient
Advancement in the properties of feed ingredients will lead to improved properties of feed premixes which will benefit the consuming livestock. These new feed ingredients provide additional benefits such as improving health and maximizing production. For instance, in December 2021, BASF, a Germany-based chemical company, developed Natupulse TS, a revolutionary feed enzyme to release priceless nutrients. A non-starch polysaccharide (NSP) enzyme is Natupulse® TS. It hydrolyzes ß-mannans into smaller components, such as manno-oligosaccharides, as an endo-1,4-ß-D-mannanase (MOS). When ß-mannanase is added to the feed, the digesta viscosity is reduced, the feed’s digestibility is increased, and a more sustainable output is ensured.

Feed Premix Market Segment
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

Feed Premix Market Major Players and Strategies
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.

In October 2020, Royal DSM, a Dutch company involved in the fields of health, nutrition, and materials acquired Erber Group for USD 1.04 billion. This acquisition is expected to strengthen DSM’s experience and reputation as a leading provider of nutrition solutions for animals and will also help in reducing emissions, feed utilization efficiency, and enhancing water and land utilization. Erber Group is an Austrian company involved in the animal nutrition and health business.

The Feed Premix Global Market Report 2023 covers regional data on feed premix market size, feed premix market trends and drivers, opportunities, strategies, and feed premix market competitor analysis. The countries covered in the feed premix market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Feed premix refers to a mixture of one or more feed additives that are included in the diet of livestock animals and are not intended for direct consumption. Premix includes vitamins, trace minerals, medicaments, feed supplements, and diluents as its constituents. It’s a value-added solution for feeds with long-term quality and safety.

View More Reports Related To The Feed Premix Market –
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Feed Binders Global Market Report 2023
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