Global Feed Premix Market Projected to Grow at CAGR of 4.4% by Forecast to 2023
Feed Premix Market Research Report: Information by Type (Amino Acids, Vitamins, Minerals, Antioxidants), Form (Dry, Liquid), Livestock (Poultry, Swine, Ruminants, Aquatic) and Region (North America, Europe, Asia Pacific and RoW) – Forecast till 2023
pune, India – April 27, 2018 /MarketersMedia/ —
Market Overview:
Feed premix is plant or chemical product added to livestock feed to improve the feed quality, animal health and reduce the livestock diseases, which further enhances the quality of products derived from livestock. They are available in dried and liquid forms. The North American market for feed premix is expected to keep growing over the forecast period due to rising meat consumption, and increasing health awareness in this region. Major key players are investing in R&D for innovating the product lines. Additionally, increasing number of health-conscious consumers in this region is one of the driving forces for this market.
The North American region is dominating the feed premix market and is expected to have a substantial growth over the forecast period, 2017-2023. North America is dominating the feed premix market and is expected to achieve a substantial growth over the forecast period, 2017-2023. In North America, the U.S. is the major importer of poultry and meat products, which has opened the opportunity for the use of feed premix in this region. Moreover, increasing population and demand from poultry and livestock industry are boosting the growth of feed premix in this region.
Receive a Sample Report @ https://www.marketresearchfuture.com/sample_request/5167
Furthermore, rising concerns regarding livestock health among the consumers is adding fuel to the growth of the feed premix market. However, the high cost of processing and raw materials may hamper the market growth in the upcoming years. Nevertheless, all these factors are expected to lead the growth of the North American feed premix market at a CAGR of 4.9% during the review period, 2017-2023.
Major Key Players:
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major feed premix players. It further includes product portfolios, developments of leading players, which includes
Land O Lakes Inc. (U.S.)
Cargill Inc. (U.S.)
ForFarmers N.V. (the Netherlands)
Beijing Dabeinong Technology Group Co Ltd. (China)
InVivo NSA SAS (France)
Koninklijke DSM N.V. (the Netherlands)
BIOMIN Holding GmbH (Austria)
Godrej Agrovet Limited (India)
De Heus Animal Nutrition BV (the Netherlands) and
Lallemand Inc. (Canada)
Key Findings:
The Asia Pacific region is dominating in the global feed premix market
The demand for feed premix is high from poultry and livestock holders
December 2017, Cargill Inc. has opened its first animal nutrition premix plant in the Philippines. Local employees will produce animal nutrition premix solutions, made available to customers under the Provimi brand.
Segments:
The global feed premix market is segmented into type, livestock, and form.
On the basis of the type, it is segmented into amino acids, vitamins, minerals, antioxidants, and others. Among all, the amino acids segment is dominating the market followed by antioxidants. The amino acids are widely used in the feed of several livestock species for its high protein content.
On the basis of the form, it is segmented into dry, liquid, and others. The dry segment is dominating the market. Ease of handling and storage has uplifted the demand for the dry form.
On the basis of the livestock, the feed premix market is segmented into poultry, swine, ruminants, aquatic, and others. Among all, the poultry segment is dominating the market based on increased consumption of poultry and meat products globally. However, the ruminants segment is projected to witness steady growth over the forecast period owing to growth in the poultry industry.
Access Report Details @ https://www.marketresearchfuture.com/reports/feed-premix-market-5167
Regional Analysis:
The global feed premix market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The Asia Pacific region is dominating the market followed by North America. In the Asia Pacific region, China is the major contributor of poultry products, which, in turn, is boosting the market growth in this region. Furthermore, increasing consumption of poultry and meat products and rapidly growing population in developing countries of Asia Pacific is giving a push to the growth of the feed premix market.
Moreover, rising demand for poultry products in countries like the U.K and Germany in the European region is projected to boost the feed premix market over the review period.
Contact Info:
Name: Abhishek
Organization: market research future
Address: Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune – 411028 Maharashtra, India
Phone: 6468459312
For more information, please visit https://www.marketresearchfuture.com/reports/feed-premix-market-5167
Source: MarketersMedia
Release ID: 337893
Copyright © 1999-2013 SproutNews.com
