The global
Feed Premix Market size is estimated to be valued at USD 24.3 billion in 2021 and is projected to reach a value of USD 32.9 billion by 2026, growing at a CAGR of 6.2% during the forecast period. The growth of this market is attributed to the increasing demand for meat and meat products across the globe.
Challenge: Sustainability of feed and livestock chain
The global feed industry focuses on improving feed efficiency by improving the feed conversion rates for all major livestock and farmed fish species. The feed and livestock industries can achieve sustainability by developing a harmonized environmental footprint methodology based on life cycle analysis involving the entire chain. The development of common metrics can also help to calculate a broader range of resource efficiency indicators. The efficient usage of feed ingredients can support the reduction of the environmental impact of livestock farming through resource-efficient feed production. The use of co-products from other processing industries can reduce the pressure on land-grown crops.
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Some requirements of an efficient feed and livestock chain include the following:
- Access to safe and cost-effective feed and services
- Clear and transparent legislative framework
- Improved image (animal welfare, quality, and safety of animal products)
- Innovating approaches to mitigate the environmental impact of production systems
- Continuously improving working conditions
- Bringing innovative science to the marketplace
The poultry segment dominated the market for feed premix by livestock.
The poultry industry consists of four main areas of production—broiler, eggs, pullets, and breeders. It is a fast-evolving industry due to the rapid increase in demand for poultry meat, particularly in India and many Islamic countries. In these countries, the consumption of porcine and livestock meat (India) is projected to be low due to religious beliefs, which, in turn, increases the demand for poultry meat. In addition, the global demand for poultry meat is further set to rise in the coming years due to the increased cost and reduced availability due to the rise in demand for beef and pig meat. Poultry, the most traded meat category, accounts for over 40% of the total meat trade. According to the FAO, global poultry meat production was nearly 111.8 million tons in 2015. Furthermore, the demand for poultry meat is projected to remain high in developing economies.
Asia Pacific is the fastest-growing market during the forecast period in the global Feed premix
The key markets in the Asia Pacific region include China, India, Japan, Australia & New Zealand, Thailand, Vietnam, others, and the Rest of Asia Pacific.
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The Asia Pacific region accounted for the largest share of 35.6% of the global feed premix market in 2020, in terms of value. The market in the region is driven by the presence of a large livestock population
(FAO 2016) and their growth rate. Furthermore, the region has witnessed an increase in the number of feed mills and feed production, particularly in India and Japan. This increase in the number of feed mills in the region reflects the growth in feed production. According to the Alltech Feed Survey of 2018, the region experienced a 7% increase in its feed production, from 356.5 million tons in 2012 to 381.1 million tons in 2017. The largest feed producer, China, contributes significantly to the region’s leading position, with Thailand and Indonesia being the emerging feed-producing countries, while India and Japan are demonstrating constant growth in feed production. According to the same source, among the top 20 feed companies in the world, 16 of them are based in the Asia Pacific region, which makes this a highly competitive market.
This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the Feed premix. It consists of the profiles of leading companies such Koninklijke DSM N.V. (Netherlands), Nutreco N.V. (Netherlands), Cargill (US), Archer Daniels Midland Company (ADM) (US), BEC Feed Solutions (Australia), DLG Group (Denmark), Charoen Pokphand Foods PCL (Thailand), Land O’Lakes (US), AB Agri Ltd. (UK).