Increasing knowledge among cattleman and herdsman about the benefits of feed premix has largely benefited the growth in the global feed premix market. Feed premix provides nutrition to animals and improves the compound feed quality especially in weaning animals. Feed premix also enhances animal’s health and performance. Additionally, increasing focus on animal health to prevent disease outbreak and growing use of advanced technologies to develop feed premix is will further benefit growth in this market.
Another significant factor driving demand in the global feed premix market is growing preference for meat in various developing regions. Therefore, cattlemen are ensuring health of the animals. Moreover, growing preference for pet animals is also projected to drive demand in the global feed premix market.
Pertaining to the aforementioned factors, various other parameters are also discussed in the report. It includes geographical reach, competitive profile, segmentation, and ongoing trends in the market. All these information will help the key market participants to make better decisions to expand their business in the coming years.
Vendors operating in the global feed premix market are focusing on various organic and inorganic business development strategies to gain a larger share in the market. Acquisition and collaboration will also help them in stretching their presence in different regions. For example:
Other prominent players operating in the global market are AB Agri Ltd., Koninklijke DSM N.V., Nutreco N.V., Cargill, Incorporated, InVivo Nutrition Et Sante Animales, Archer Daniels Midland Company, and DLG Group.
As large number of livestock is lost due to various diseases and flu such as avian flu, due to which high importance given to health and hygiene of livestock is expected to create new growth opportunities in the global feed premix market. Thus, to ensure healthy growth of swine, poultry, cattle, one needs to ensure proper supply of feed provided to them that has mineral and vitamins percentage. Moreover, growing demand for chemical-residue-free and environmentally safe meat products, meat, milk, milk products is also projected to drive demand in the global feed premix market.
Geographically, North America is held dominant share in the global feed premix market. However, the feed premix market share holding is likely to change in the coming years. Europe is also expected to show marginal rise in this market, as antibiotics used as growth promoting substance are banned in Europe.
Asia Pacific might overtake North America and hold maximum share in the global feed premix market. India, China, an Indonesia are major markets that will expand growth in the global feed premix market. Growing focus on animal health and wellness, several countries are making efforts in using advanced supplements. Moreover, increasing income level due to economic development and growing preference for meat consumption augmented demand in Asia Pacific feed premix market.