Feed Premix Market

Feed Premix Market Overview

The global Feed Premix Market size was valued at USD 16.90 billion in 2023 and is predicted to reach USD 21.41 billion by 2030 with a CAGR of 4.9% from 2024-2030. The feed premix market also known as animal feed market, is defined as the sector that deals with the production and distribution of vital supplements including vitamins, minerals, amino acids and others, that are combined in precise ratios and incorporated into animal feed. These premixes are formulated to boost the nutritive value of feeds and guarantee good health, development and productivity of livestock, poultry, aquaculture species, and pets. The market plays a vital role in connecting feed producers with the pet owners by supplying them with customized premixes tailored to various nutritional needs and production goals. 

Market Dynamics and Trends

The global feed premix market is experiencing significant growth driven by the widespread incorporation of amino acids into the premixes to enhance the nutritional value of the premixes. As awareness of amino acids spreads, companies worldwide are introducing products enriched with these essential nutrients, ensuring animals receive the necessary elements for peak performance.

For instance, in May 2022, Metex Noovistago launched a new range of animal health solutions called inneus for pigs and poultry. The inneus range of products is based on a synergistic combination of functional amino acids and specifically selected polyphenols with aim to positively influence intestinal health.

Also, the growing adoption of plant-based premixes across the globe is another factor propelling the expansion of the feed industry worldwide. These premixes provide an alternative source of vital nutrients, meeting the increasing demand for vegetarian and vegan feed options.

For instance, in February 2023, Evonik launched PhytriCare IM, a new plant-based premix to support the health of laying hens and dairy cows. The product is made up of plant extracts that contain a large number of flavonoids, that are recognized for their ability to reduce inflammation. The premix is designed to assist farmers in preserving the well-being and effectiveness of their animals, thereby, driving the market.

Additionally, the worldwide increasing production of animal protein drives the demand for feed premixes that are essential for enhancing animal productivity. According to the UN Food and Agricultural Organisation (FAO), the animal protein production is projected to double, as well as dairy and fish production is anticipated to triple by 2050.  This significant expansion in production highlights the growing demand for effective feed premixes that support the nutritional needs of animals and enhance their growth.

However, contamination or impurities in premix ingredients raise concerns about product safety and quality, ultimately reducing consumer confidence and impacting the market's growth potential.

On the contrary, the integration of advanced biotechnology techniques, including precision nutrition to develop customized premix solutions tailored to the specific nutritional requirements of individual animals or breeds is expected to drive the market in the coming years. This personalized approach is expected to revolutionize animal nutrition and optimize feed efficiency, while minimizing production costs.

Market Segmentations and Scope of the Study

The feed premix market report is segmented on the basis of ingredient type, animal type, form, distribution channel, and region. On the basis of ingredient type, the market is segmented into vitamins, minerals, amino acids, antibiotics, and others. On the basis of animal type, the market is classified into swine, poultry, aquatic animals, equine, pets, and others. On the basis of form, the market is divided into dry, liquid, and semi-solid. On the basis of distribution channels, the market is distributed into direct sales, distributors, wholesalers, and online retailers. The regional breakdown includes regions such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

Geographical Analysis

North America holds the dominant in the feed premix market share and is expected to continue its dominance during the forecast period. This is attributed to the growing production of premium-quality pet foods to meet the nutritional requirements and preferences of pets across the region. According to the American Pet Products Association (APPA), the U.S. pet industry’s expenditure on pet food and treats stood at USD 64.4 billion in 2023.  This substantial investment highlights the growing demand for high-quality premixes that enhance pet health and well-being.

Moreover, the increasing pet population in the region plays a crucial role in driving the feed premix market demand, as it raises the need for specialized and nutritionally balanced pet foods.  As more pets are added to households, owners seek high-quality feed premixes to ensure their pets receive optimal nutrition, supporting their health and well-being. A recent survey conducted by the World Animal Foundation highlights that almost 65.1 million U.S. households have at least one dog and 46.5 million U.S. families own a cat. This growing pet population is a key driver for the growth of the market in this region.

On the other hand, in the Asia-Pacific region, the feed premix market is steadily growing driven by the rising incidence of livestock diseases that heightens the need for preventive measures, including the use of medicated feed premixes. These premixes help in disease prevention and management, reducing the reliance on antibiotics and promoting healthier livestock populations.

For instance, the Food and Agriculture Organization (FAO) report published in 2023 highlights several significant animal disease outbreaks in Asia-Pacific region that includes African swine fever (ASF), Brucellosis, and Avian Influenza (HPAI).  As a result, livestock producers in the region are increasingly adopting medicated feed premixes to protect their herds, driving the feed premix market growth in this region.

Also, the expanding premix unit in the Asia-Pacific region is another factor increasing the demand for high-quality feed manufacturing. The establishment of premix units enables increasing local production of customized feed formulations tailored to the nutritional requirements of different animal species. For instance, in April 2022, Nanda Feeds Private Limited, affiliated with Indian poultry farmer Nandu's, opened a premix unit at their feed plant in Hiriyur, near Chitradurga in Karnataka. The company aims to leverage the new premix unit to enhance its product quality and competitiveness in the animal nutrition market.

Competitive Landscape

Various key players operating in the feed premix industry include Koninklijke DSM N.V., Nutreco N.V., Cargill Incorporated, Archer Daniels Midland Company (ADM), BEC Feed Solutions, DLG Group, AB Agri Ltd., Phibro Animal Health Corporation, KG Group, and Agrofeed Ltd. These companies continue to adopt various market development strategies including acquisitions and business expansion to maintain their dominance in the market.

For instance, in January 2024, Cargill launched a new state-of-the-art premix plant in Vietnam.  The facility is located in Binh Duong province and holds the capacity to produce 60,000 metric tons of premix annually. The plant manufactures high-quality animal feed premixes tailored to the specific needs of the Vietnamese livestock and aquaculture industries.

Also, in December 2023, ADM acquired PT Trouw Nutrition Indonesia, a leading premix manufacturer in Indonesia. The acquisition aimed at strengthening ADM's premix and feed additives & ingredients (FA&I) business and enhancing its premix production capabilities.

Additionally, in May 2023, DSM, a global health and nutrition company, announced its plans to build a next-generation nutritional premix plant in Tonganoxie, Kansas. The plant is expected to be fully operational by early 2025 and will supply the pet food industry with high-quality nutritional premixes for use in branded pet food products worldwide. 

Key Benefits

• The report provides quantitative analysis and estimations of the feed premix market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of the current and future feed premix market trends to depict prevalent investment pockets in the industry.

• Information related to key drivers, restraints, and opportunities and their impact on the feed premix trend is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porter’s Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of the roles of stakeholders

Feed Premix Market Key Segments

By Ingredient Type 

• Vitamins

• Minerals

• Amino acids

• Antibiotics

• Others

By Animal Type 

• Swine

• Poultry

• Aquatic animals 

• Equine 

• Pets

• Others

By Form

• Dry

• Liquid

• Semi-Solid

By Distribution Channel

• Direct Sales

• Distributors

• Wholesalers

• Online Retailers

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France    

  • Italy

  • Spain

  • Denmark

  • Netherlands

  • Finland

  • Sweden

  • Norway

  • Russia

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2023	USD 16.90 Billion
Revenue Forecast in 2030	USD 21.41 Billion
Growth Rate	CAGR of 4.9% from 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Growth Factors	The widespread incorporation of amino acids into feed premixes is driving the growth of the market. The increasing adoption of plant-based premixes is a key factor driving the market globally. The worldwide increasing production of animal protein drives the demand for feed premixes.
Countries Covered	28
Companies Profiled	10
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.

Key Players

• Koninklijke DSM N.V.

• Nutreco N.V.

• Cargill, Incorporated

• Archer Daniels Midland Company (ADM)

• BEC Feed Solutions PTY Ltd.

• DLG Group

• AB Agri Ltd.

• Phibro Animal Health Corporation

• KG Group

• Agrofeed Ltd.