Feed premixes are essential components of animal nutrition, providing a blend of micronutrients, simplifying feed formulation and reducing the need to add multiple ingredients. These blends optimize livestock health, productivity, and reproductive performance. Increasing demand for animal protein, growing awareness on animal nutrition and strict regulations on food safety and quality are driving the demand for feed premixes on a global scale. According to a recent report, the market size is estimated to be USD 12.67 billion in 2024.
Feed premixes are concentrated mixtures of essential micronutrients such as vitamins, minerals, trace elements, and other additives. Although these micronutrients are needed in small quantities, they play a crucial role in maintaining animal health, growth, and productivity. Premixes are typically formulated to meet the specific nutritional requirements of different animal species and production stages.
The main reason for adding feed premixes to livestock rations is to prevent nutritional deficiencies. Micronutrients are often present in insufficient amounts in basal feeds. Premixes contribute to strengthening immunity, increasing disease resistance, and improving overall animal health, performance, and well-being by ensuring animals receive these essential nutrients at adequate levels. Sufficient micronutrient intake, especially in young animals, supports optimal growth and development, leading to faster weight gain and improved feed efficiency, while helping reduce mortality rates in animals more sensitive to nutritional deficiencies. Premixes also positively support reproductive performance, increasing fertility, conception rates, and offspring size.
By providing a pre-mixed blend of micronutrients, premixes simplify feed formulation and reduce the need for adding multiple components. They can optimize nutrient utilization, improve feed efficiency, lower feed costs, and minimize environmental impact. For animals raised for meat, milk, or eggs, these mixtures positively affect quality factors such as meat tenderness, milk composition, and egg quality. In this way, they help producers achieve consistent product quality and meet consumer demands.
As a result, feed premixes are indispensable components of animal nutrition, enabling livestock to achieve their full potential in terms of health, productivity, and reproductive success. Proper premix supplementation is a key factor in modern livestock management, contributing to sustainable and efficient livestock practices.
FEED PREMIXES MARKET AND FORECASTS
The global feed premixes market is experiencing significant growth due to increasing demand for animal protein, growing awareness about animal nutrition, and strict regulations regarding food safety and quality. According to a recent report published by Mordor Intelligence, the market size will be USD 12.67 billion in 2024. It forecasts that the market will exhibit a compound annual growth rate (CAGR) of 5.4% over the forecast period 2024-2029, with the total size reaching USD 16.47 billion in 2029.
Many other reports also point to a promising future for the industry, albeit with wide variations in terms of value. For example, The Business Research Company forecasts the feed premix market will reach a size of USD 24.25 billion in 2024, projecting a CAGR of 10.9% from 2024 to 2028.
In a similar forecast of the current market size, IMARC Group indicates that the global feed premix market will be worth USD 21.7 billion in 2024. The company expects the market to grow at a CAGR of 4.22% between 2025 and 2033, reaching USD 31.6 billion by 2033.
According to Zion Market Research, the global feed premix market was valued at USD 17.22 billion in 2023, and will grow at a CAGR of 4.2% during the forecast period 2024-2032. Thus, the feed premixes market will reach a size of USD 24.93 billion by 2032.
FACTORS DRIVING MARKET GROWTH
The global feed premixes market is undergoing strong growth driven by a combination of factors shaping the future of animal nutrition. The key drivers of this growth are as follows:
• Increasing Demand for Animal Protein
The continuously growing global population necessitates a parallel increase in food production, particularly for animal protein. Urbanization of the population and their preference for protein-rich diets also contribute to the rising demand for animal products such as meat, milk, and eggs. This increase in demand boosts the need for efficient and nutritious feed solutions, including premixes.
• Growing Awareness for Animal Nutrition and Food Safety
The growing understanding among farmers of the important role of balanced nutrition on animal health and productivity is contributing to the adoption of feed premixes. These premixes provide essential micronutrients and vitamins that optimize animal performance, leading to increased yields and better-quality products. There is also a growing concern among consumers about the quality and safety of food products. This awareness and concern is translating into a demand for livestock fed healthy and nutritious feeds, driving the growth of the feed premixes market.
• Technological Advancements
The emergence of precision feeding technologies, advancements in feed formulation, and processing techniques positively affect the feed premixes market. While precision feeding technologies enable the accurate delivery of nutrients, allowing for customized feed formulations and optimized animal performance, advancements in feed formulation and processing techniques facilitate the development of innovative premixes that meet specific nutritional needs and enhance feed efficiency.
• Strict Regulatory Standards and Environmental Impact
Governments are increasingly focusing on food safety and quality, leading to the implementation of strict regulations worldwide. Feed manufacturers are incorporating high-quality premixes into their formulations to comply with these standards. Environmental concerns are another key topic. This situation encourages the adoption of sustainable feed practices, including the use of feed premixes to minimize environmental impact.
• Emerging Markets
Rapid economic growth at the regional level contributes to the increased use of feed premixes in various markets. Developing economies, particularly in the Asia-Pacific region, are experiencing rapid economic growth, leading to greater investment in livestock farming. These countries are focused on increasing animal production to meet domestic demand and export markets. This growth drives the demand for high-quality feed premixes to enhance animal performance and efficiency.
The combination of these factors positions the global feed premixes market on a strong growth trajectory.
FACTORS RESTRAINING MARKET GROWTH
While the global feed premix market is experiencing significant growth, it is also reported that some possible factors may limit this growth. Factors affecting production costs and intense competition are among the main ones. The factors that may restrain the growth of the feed premixes market are listed as follows:
• Fluctuating Raw Material Prices
The costs of raw materials such as vitamins, minerals, and amino acids can fluctuate significantly due to geopolitical events, climate change, and supply chain disruptions. These increases in raw material costs may lead to higher production expenses for feed premixes, which can either be reflected on to consumers or reduce profit margins for manufacturers.
• Strict Regulatory Implementation
The feed industry is subject to strict regulations concerning product quality, safety, and environmental impact. These regulations can be both supportive and challenging for premix producers. Smaller market players, in particular, may find compliance with these regulations complex and costly. Non-compliance with these regulations can result in penalties, product recalls, and damage to brand reputation, potentially hindering market growth.
• Economic Downturns
Economic downturns can lead consumers to prefer more affordable protein sources, reducing the 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.
Some suppliers in the global feed premixes market:
AB Agri
Adisseo
ADM
Advanced Animal Nutrition
Agrofeed Ltd.
Alltech
Anpario
Associated British Foods
Avitech Nutrition
Avril Group
BASF SE
BDT Group
BEC Feed Solutions
BRF
Cargill
CCPA Group
Charoen Pokphand Foods
Corbion
Danish Agro
De Heus Animal Nutrition
Devenish Nutrition
DLG Group (Vilofoss)
Dr. Eckel Animal Nutrition
dsm-firmenich
Evonik Industries
EW Nutrition
ForFarmers
Huvepharma
Invivo Group
J. D. Heiskell & Company
Kemin Industries
KG Group
Lallemand Animal Nutrition
Land O’lakes
Lexington Enterprises
Novus International
Nutreco N.V. (Selko)
Nutriad International
NutriQuest
Orffa
Phibro Animal Health Corporation
Phileo by Lesaffre
Purina Animal Nutrition LLC
Royal Agrifirm Group
Zinpro Corporation
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.
Swine
The swine industry is another significant consumer of feed premixes. Swine premixes are specifically designed to meet the nutritional needs of pigs at various growth stages, from weaning to finishing. These premixes play a critical role in improving growth rates, feed efficiency, and carcass quality. The demand for swine feed premixes stems from the increasing consumption of pork products and the need for efficient and sustainable pig farming practices.
Aquaculture
Aquaculture is a rapidly growing segment in the feed premixes market. Premixes for aquaculture are formulated to provide essential nutrients for fish and other aquatic species, promoting healthy growth and resistance to diseases. The aquaculture segment is expected to see significant growth in the coming years due to the rising demand for seafood and the expansion of fish farming activities.
MARKET GROWTH ON REGIONAL BASIS
Asia-Pacific
Asia-Pacific is the leading region driving the growth of the global feed premixes market. Economic growth, rising disposable incomes, and increasing demand for animal products are the primary drivers of this regional market. Countries like India and China, with their large livestock populations and modernizing agricultural practices, significantly contribute to the growth of the feed premixes market. The region is expected to maintain substantial potential for the premixes market in the coming years.
Europe
Europe is characterized as a mature market for feed additives in general and feed premixes in particular. region stands out for its strong regulatory framework, with notable regulations on the use of antibiotics in animal feed and environmental sustainability. Such regulations encourage the development and adoption of alternative solutions. The market is also influenced by the demand for sustainable and traceable products, alongside a growing focus on animal health, nutrition, and welfare.
North America
North America is a key market for feed premixes due to factors such as demand for high-quality animal products, innovative feed solutions, increased awareness of balanced animal nutrition, and a focus on animal health and productivity. The market is expected to experience steady growth in the coming years, supported by technological advancements and the expansion of the livestock industry.
South America
South America, classified as an emerging market, has a growing livestock sector, particularly in countries like Brazil and Argentina. The increasing demand for animal protein and government initiatives to boost animal production are considered key drivers for the region. Analysts identify South America as a developing market for feed premixes.
Middle East and Africa
The Middle East and Africa region is diverse in terms of economic development and livestock activities. Urban areas, in particular, are witnessing an increase in demand for animal protein. Despite government investments in agriculture and livestock, challenges such as water scarcity and climate change hinder the region’s development. Analysts predict that with the intensification and modernization of livestock practices, the market will grow in the coming years.
In summary, while Asia-Pacific dominates the market, other regions like North America and South America also present significant growth opportunities. As the global population continues to rise and dietary preferences evolve, demand for feed premixes is expected to remain strong.
COMPETITIVE ENVIRONMENT IN FEED PREMIXES MARKET
The global feed premixes market is a dynamic and competitive environment. One of the main challenges faced by suppliers is competition. In a market characterized by intense competition among both local and international players, the increasing availability of substitute and lower-cost premixes can put pressure on pricing. Compliance with strict regulatory standards is another key challenge. Supply chain disruptions, such as geopolitical events or natural disasters, also affect the availability and cost of raw materials.
According to analysts, for long-term success in this dynamic and competitive market, suppliers need to
– Differentiate themselves through product innovation, superior quality and strong customer relationships,
– Balancing profitability with competitive pricing strategies,
– Investing in quality control systems, testing facilities and regulatory expertise to ensure product safety and efficacy,
– Expanding into new markets,
– Adoption of sustainable practices.
References
1. What is a premix? | FEFAC
2. Premixes I dsm-firmenich
3. Feed Premixes Market – Size, Value & Companies I Mordor Intelligence
4. Feed Premix Market Size, Share, Trends and Forecast 2033 I IMARC Group
5. Feed Premixes Market Trends: Drivers, Restraints and Growth Factors (2024-2033) I Emergen Research
6. Feed Premix Market Size, Share, Growth and Forecast 2032 I Zion Market Research
7. Feed Premix Market Report 2024, Insights and Overview 2033 I The Business Research Company
8. Animal Feed Business Risk Assessment Quantification COVID-19 and Supply Chains Disruptions Losses I Scientific Research Publishing (SCIRP)
9. The road to regulatory approval of animal nutrition and health products: Why planning and relationships matter | Argenta
10. 3 Risks and Consequences of Regulatory Non-Compliance | Nimonik
11. Consumer Understanding of Food Quality, Healthiness, and Environmental Impact: A Cross-National Perspective – PMC I National Library of Medicine
12. OECD-FAO Agricultural Outlook: Emerging economies will continue driving agricultural markets I FAO
