MARKET REPORT FEED & ADDITIVE MAGAZINE December 2024 95 demand for animal products. This may lead to a decline in livestock farming activities, which in turn may reduce the demand for feed premixes. • Animal Disease Outbreaks Outbreaks of animal diseases such as avian influenza or African swine fever can significantly impact the livestock sector, reducing demand for feed premixes. Additionally, such outbreaks can disrupt supply chains and cause raw material shortages, further affecting feed premix production. • Competition from Similar Products Generally offered at lower prices, substitute feed premixes can compete with branded products and put pressure on margins, especially in times of economic downturn. This increased competition from similar products can reduce the market share of established players. Overcoming these challenges is critical for the sustainable growth of the global feed premixes market. Analysts suggest that manufacturers can address these obstacles by carefully managing costs, adhering to regulations, adapting to economic fluctuations, and mitigating the impact of animal disease outbreaks, ensuring continued market expansion. MARKET SITUATION BY ANIMAL SPECIES The global feed premixes market is segmented into various categories based on animal types, primarily poultry, ruminants, swine, and aquaculture. The sum of these forces contributes to the overall growth of the feed premix industry. A review the market status on the basis of different animal species is as follows: Poultry The poultry segment is one of the most significant drivers of the feed premixes market. Poultry premixes, designed to enhance growth, improve feed efficiency, and strengthen immunity, contribute to high performance and product quality for producers. The increasing global consumer demand for poultry meat and eggs, combined with the need for efficient and cost-effective production, accelerate the growth of this segment. Ruminants Ruminants such as cattle, sheep, and goats comprise a substantial portion of the global livestock population. Ruminant premixes are formulated to optimize rumen function, improve feed efficiency, and enhance milk production and meat quality. In developing economies, the rising demand for dairy and meat products is driving the growth of this segment.
RkJQdWJsaXNoZXIy MTUxNjkxNQ==