Feed Premix Market by Ingredients Type (Vitamins, Minerals, Amino Acids, & Antibiotics), Livestock Type (Poultry, Ruminants, Swine, & Aquatic Animals) & Region - Global Trends & Forecasts to 2019

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Feb 04, 2015, 05:34 ET

NEW YORK, Feb. 4, 2015 /PRNewswire/ -- In order to cater to the demands for quality meat with increasing meat consumption across the globe, animal breeders are focusing to boost animal health and their nutritious diet. Feed premixes are consequently seen as those products that can improve the return on investments. Premixes perform the essential role of improving feed nutritional value and performance of animals, while preventing them from disorders.

Leading companies in the feed premixes market are continuously seeking new products, technologies and methods for manufacturing feed premixes with high proficiency. Thus, the feed premix market is gaining more global presence and acceptance among customers. The leading players in the feed premixes market are Nutreco N.V. (the Netherlands), Koninklijke DSM N.V. (the Netherlands), Cargill, Inc. (U.S.), DLG Group (Denmark), and InVivo NSA (France). These players are implementing different strategies to achieve growth and development in the feed premixes market. Expansions and investments is the prime strategy adopted by key industry players to achieve growth in this market. Between January 2011 and September 2014, this strategy accounted for around 50% of all the growth strategies adopted by the players.

The value of the feed premixes market is projected to increase to $9,939.49 million by 2019 at a CAGR of 3.0% from 2014. In this report, the feed premixes market is segmented by ingredient type, livestock, and region. In 2013, Asia-Pacific accounted for the largest share of the global feed premixes market. In the same year, North America contributed the second largest share in the feed premixes market. The feed premixes market consists of five animal types that include poultry, ruminants, swine, aquatic animals, and other animals (pet animals, birds, and reptiles). The demand for feed premixes for poultry accounted for the largest share in 2013 and followed by ruminants.

The ingredient type segment is further classified as vitamins, minerals, amino acids, antibiotics, and other ingredients. These organic compounds function as parts of enzyme systems essential for the transformation of energy and the regulation of metabolism in the animal body. The market for vitamin feed premixes is estimated to be the largest in 2014, and is projected to grow with the increasing demand from the animal husbandry industry.
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