The global feed premix market size was valued USD 23,182.1 million in 2021 and is poised to grow at a 6.3% CAGR during the forecast period 2022 to 2028. Increased demand for livestock products, such as dairy, meat, and eggs is in high demand all over the world. According to research and polls, demand for cattle products is expected to increase by 16 percent by 2025. People are demanding feed premixes with higher nutritional value and precisely added extra nutrition. This demand has also risen because of pandemic-related demands for granular animal feed premixes and additives. As a result, even during the epidemic, it fueled the expansion of Feed premixes. Because of the rising need for animal feed premixes in the feed business, the Feed Premixes industry has outgrown and expanded its region in several high-demand countries.

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Animal type Segment are Dominate the Feed Premix Market

Based on the animal type the global feed premix market is segmented into Ruminant Feed, Poultry Feed, Swine Feed, Aquaculture Feed, and Other Animal Feed. Ruminant feed segment is anticipated to hold the highest share of the market due to people are eating more animal protein diets, which leads to an increase in demand for cow food items, which leads to the rise of the cattle feed business. The regulatory policies that are demanding and time-consuming are the reasons that are limiting market expansion. The market faces a challenge in monitoring mycotoxin contamination in livestock feed. The beef cattle business makes a substantial contribution to the development of industrialized countries, resulting in additional market opportunities.

The global feed premix market segmentation:

1) by Ingredient Type: Antibiotics, Vitamins, Antioxidants, Amino Acids, Minerals, and Other Ingredient Types.

2) Animal type: Ruminant Feed, Poultry Feed, Swine Feed, Aquaculture Feed, and Other Animal Feed.

North America Leads Feed Premix Market

North America dominated the market in 2021, accounting for approximately 34% of global sales. Growing meat consumption, mostly in the United States, along with stringent meat quality rules is likely to propel the regional industry forward in the next years. Furthermore, the region's easy and abundant supply of raw materials, such as maize and dextrose, is likely to boost market expansion. Moreover, Between 2021 and 2028, Asia Pacific is expected to have the highest CAGR. Due to a high population and a significant increase in meat consumption, emerging economies such as China and India have seen tremendous expansion in cattle inventories over the previous decade. As a result, demand for cattle feed in the region has increased.

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Key player’s profiles in the feed premix market report are Cargill, Inc., Archer Daniels Midland Company (ADM), Dansk Landbrugs Grovvareselskab A.M.B.A. (DLG), BASF SE, Land O'Lakes, Inc., Godrej Agrovet Limited, Koninklijke DSM N.V., Invivo Group, Danish Agro, BDT Group, ForFramers B.V., De Hues Group.

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