The Feed Premix Market is expected to grow significantly, reaching a value of USD 32.9 billion by 2026 with a CAGR of 6.2%. The market was valued at USD 24.3 billion in 2021. The growth of this market is attributed to the increasing demand for meat and meat products across the globe.
Key Features of the Feed Premix Market:
- Nutritional Value: Feed premixes offer a combination of essential vitamins, minerals, and other nutritional ingredients that are necessary for animal growth and health.
- Customization: Feed premixes can be customized to meet the specific nutritional requirements of different species of animals, such as poultry, dairy, swine, and others.
- Quality Control: Feed premixes are manufactured under strict quality control measures to ensure consistency and reliability in their composition and performance.
- Cost-Effective: Feed premixes provide a cost-effective alternative to buying individual ingredients and can help farmers save money while ensuring optimal nutrition for their animals.
- Convenient Delivery: Feed premixes are delivered in convenient and easy-to-use forms, such as pelleted or liquid formulations, making it easier for farmers to incorporate them into their feed formulations.
- Increased Productivity: Feed premixes can help improve the productivity of animals by ensuring optimal nutrition, promoting better health and growth, and reducing the risk of disease.
- Environmental Sustainability: Many feed premixes are formulated with environmentally sustainable ingredients, reducing their carbon footprint and promoting sustainability in animal agriculture.
- Global Availability: Feed premixes are available globally, providing farmers in different regions access to the same high-quality and consistent nutrition for their animals.
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.
What are the benefits of using feed premixes?
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
Global organizations such as the International Feed Industry Federation (IFIF) have developed a number of strategic initiatives to measure and benchmark the environmental performance of the livestock production chain. IFIF is a founding member of the Global Feed LCA Institute (GFLI), which will use the FAO LEAP methodology to develop a global standard for assessing and benchmarking the impact of the feed industry to support the reduction of the environmental footprint of livestock products.
Key Players:
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).
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