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Feed Premix Market Outlook (2022-2032)

The Feed Premix market is valued at USD 8.3 Bn in 2022 and is projected to grow at a CAGR of 3.3% during the forecast period, to reach a value of USD 11.5 Bn by 2032. Newly released data from Future Market Insights market analysis shows that global Feed Premix demand is projected to grow year-on-year (Y-o-Y) growth of 3.1% in 2022.

Attributes Details
Market Size Value in 2022 USD 8.3 Billion
Market Forecast Value in 2032 USD 11.5 Billion
Global Growth Rate (2022 to 2032) 3.3% CAGR
Forecast Period 2022 to 2032
Collective Value Share: Top 3 Countries (2021A) 36.4%

Feed premix is a combination of a few specific complex substances, like minerals, vitamins, and amino acids, that are added to animal diets to hasten the growth and development of the animals. The macro and micronutrients are both included in the feed premix. Carbohydrates, fat, and other macronutrients are required in big amounts, whereas micronutrients are required in smaller amounts (such as vitamins, amino acids, and minerals for an animal to develop, both nutrients are necessary.

The micronutrient is the most important yet typically missing from animal feeding. As a result, the demand for feed premix manufacturing increased. By using feed premix, farmers are accelerating the growth of their animals, which will increase their income and, as a result, increase demand for feed premix on the global market. Farmers are switching to providing premium feed that can accelerate the growth of their cattle in response to the rising demand for livestock.

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2017-2021 Feed Premix Market Outlook Compared to 2022-2032 Forecast

The market grew with a CAGR of 3.0% between 2017-21 as livestock farmers were and are yet under pressure to feed their animals with high-quality feed products to boost productivity and the quality of their output as a result of the rise in demand for livestock protein products like milk, meat, and others.

There is a need for a high level of openness in the supply of livestock products since consumers worldwide are now concerned about the quality of the food products they consume, particularly animal protein goods.

The increasing need for compound animal feed drive the demand for feed premixes

Animals continue to contribute significantly to the world's food supply. Animal feeds have thus grown in importance as a part of the integrated food chain. A significant portion of meeting consumer demand for more eggs, meat, milk, and other livestock products depends on the availability of a consistent supply of suitable, economical, and secure animal feeds. As a result, there is a growing need for more feed supplies, sources, and alternatives due to the huge increase in the demand for livestock products globally.

Another key justification for looking into more easy, affordable, and alternative sources for the production of animal feed is the growing global population. Appropriate dietary concentration is one of the most expensive feed formulation ingredients in livestock diets. To create the proper compound feed for the different animal species, components and feedstuffs such as vitamins, and minerals are mixed in varying quantities. Due to their concentrated energy supply and high feed efficiency, feed premixes have consequently attracted fresh interest in the animal feed business.

Manufacturers are improving their quality and safety while maintaining their cost-effectiveness in response to the increased demand for safe and nutrient-rich animal feed. The use of feed premixes in animal feed results in improved animal productivity, growth, and performance. The International Feed Industry Federation (IFIF) estimates that global production of compound feed has surpassed 1 billion tonnes yearly. Particularly in developing nations, the rate of production growth was larger than in industrialized nations.

Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

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Country-wise Insights

What is the Demand Outlook for the U.S Feed Premix Market?

Sales of feed premixes will be boosted by rising consumer demand for nutrient-dense foods. The feed premix market in the United States is anticipated to have a significant value share in 2022. According to FMI, the mineral premix market in the United States is anticipated to expand at a CAGR of 5.6% from 2022 to 2032.

The rising consumption of processed and convenience foods has resulted in low exposure to critical nutrients, which has increased the demand for functional and healthful food products. Additionally, it is anticipated that over the projected period, demand for feed premixes will increase due to increased feed output. There are more and more innovative product applications for feed premixes, such as dairy products, cereal-based goods, nourishing foods, newborn formulae, beverages, etc

How will India Feed Premix Market Fare?

India's feed premix market will benefit from the growing demand for functional foods. According to FMI, the market for mineral premixes in India will expand as a result of the increased demand for food enrichment due to the high processing level of food items and consumption of complex feed. India's mineral premix market is anticipated to expand at a CAGR of 6.8% throughout the projected period (2022-2032).

Additionally, growing recognition of the significance of nutrient intake is another element influencing a sale. As a result, the need for nutritive and useful food products is anticipated to increase, propelling the feed premix market's rise during the forecast year.

Category-wise Insights

Which Form is Feed Premixes Most Preferred?

Powdered mineral premixes to gain traction through 2022 & beyond. In terms of form, the feed premix market is sub-segmented into powder and liquid. In 2022, the powder segment is expected to account for the largest share of the feed premix market. Growth in the segment can be attributed to its benefits over liquid forms, such as ease of handling, better homogeneity, simple transport economics, and better premix stability.

Which is the Leading Application in Feed Premix Market?

Sales of feed premixes in the poultry feed industry will surge at a robust pace. The feed premixes market is divided into aqua feed, ruminant feed, poultry feed, swine feed, and other feed applications. In 2022, the poultry feed segment is expected to account for the largest share of the feed premixes market.

This is due to rising compound feed consumption, demand for mineral-enriched foods, and rising awareness about pet nutrition.

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Competitive Landscape

To maintain their place in the market, industry participants are formulating plans for growing their current product portfolios and acquiring companies with complementary businesses. To acquire a competitive edge, they are also concentrating on new product manufacturing developments and improvements.

To expand its offerings for early life nutrition in the human nutrition market, Royal DSM, a global science-based company focused on nutrition, health, and sustainable living, acquired Glycom A/S, the top supplier of human milk oligosaccharides (HMO), in April 2020 for an enterprise value of 765 million euros.

Scope of Report

Attribute Details
Market Size Value in 2022 USD 8.3 Billion
Market Forecast Value in 2032 USD 11.5 Billion
Global Growth Rate 3.3% CAGR
Forecast Period 2022 to 2032
Historical Data Available for 2017 to 2021
Market Analysis MT for Volume and USD Billion for Value
Key Regions Covered North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA
Key Countries Covered United States, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, Italy, Spain, UK, Netherlands, Belgium, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, North Africa, and others
Key Market Segments Covered Form, Ingredient Type, Animal Type
Key Companies Profiled
  • Cargill Incorporated
  • Archer Daniels Midland Company (ADM)
  • Dansk Landbrugs Grovvareselskab A.M.B.A. (DLG)
  • Land O'Lakes, Inc.
  • Godrej Agrovet
  • Koninklijke DSM N.V.
  • Corbion N.V.
  • Farbest-Tallman Foods Corporation
  • Glanbia plc
  • Koninklijke DSM N.V.
  • Nutreco N.V.
  • SternVitamin GmbH & Co. KG
  • Vitablend Nederland BV
  • Watson Foods Co., Inc.
  • Wright Enrichment Inc.
  • Zagro Asia Ltd.
  • Others
Pricing Available upon Request

Feed Premix Market by Category

By Form:

  • Powder
  • Liquid

By Ingredient Type:

  • Antibiotics
  • Vitamins
  • Amino Acids
  • Minerals
  • Antioxidants
  • Others

By Animal Type:

  • Ruminant Feed
  • Swine Feed
  • Poultry Feed
  • Aquaculture Feed
  • Other Animal Feed

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Frequently Asked Questions

How much worth is the Feed Premix industry?

The Feed Premix market is estimated to reach sales of nearly USD 8.3 Bn by 2022.

At what CAGR is the market expected to expand through 2032?

Feed Premix market revenue is expected to increase at a CAGR of around 3.3% during the period 2022-2032.

How was the performance of Feed Premix over the past half-decade?

Feed Premix sales increased a CAGR of around 3.0s% over the past half-decade.

What will be the market for Feed Premix worth in 2032?

The global Feed Premix market value is estimated to be around USD 11.5 Bn in 2032.

Which are the top countries driving the Feed Premix market demand?

The top countries driving the Feed Premix demand are the US, Germany, China, India, and UK.


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