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Feed Premixes Market Share

Report ID: GMI9227
Published Date: Apr 2024
Report Format: PDF

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Feed Premixes Market Share

The feed premixes industry is highly competitive, with both domestic and international competitors fighting for market share. Prominent firms in the industry, like Cargill, Inc., ADM (Archer Daniels Midland Company), and DSM, provide a wide variety of feed premix products suited for various animal species and life phases. These businesses make significant investments in R&D to discover and produce cutting-edge formulas that satisfy the changing dietary requirements of pets and animals.

Apart from well-known global firms, the industry also include a large number of regional and local firms that target certain markets or niche markets. These smaller businesses, which provide specialized goods and individualized services, frequently concentrate on specific animal species or geographical areas.

In the sector, mergers and acquisitions are popular tactics that help businesses grow their product lines, customer bases, and manufacturing capabilities. Collaborations and strategic alliances with feed producers and specialists in animal nutrition are also common, allowing businesses to capitalize on knowledge and improve services.

Competition on prices is important, especially when smaller companies are vying for market share. In order to satisfy consumer demand for high-quality and sustainable solutions, companies also try to set themselves apart by providing clean-label products, functional ingredients, and organic or natural premixes. All things considered, the feed premix market is still active, with businesses always coming up with new ideas and adjusting to shifting consumer tastes and market trends.

Feed Premixes Market Companies

Major companies operating in the feed premixes industry include:

Archer Daniels Midland Company
Cargil Inc
Champrix
Corbion
De heus animal nutrition
DLG
DSM
Farbest Brand
Glanbia Nutritionals
Kemin
Koudiijs
Sweesyfeed
Trouw nutrition

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of feed premixes reached USD 19 billion in 2023 and will grow at over 6.1% CAGR between 2024-2032, led by increasing demand for innovative additives to enhance nutritional value and support optimal animal health.

The vitamin type segment recorded USD 7.8 billion in 2023 and is expected to reach USD 13.5 billion by 2032, owing to their vitality in immune system performance and bone growth.

Asia Pacific feed premixes industry generated a revenue of USD 6.2 billion in 2023 and will reach 10.9 billion in 2032, driven by expanding population and rising income levels.

Archer Daniels Midland Company, Cargil Inc, Champrix, Corbion, De heus animal nutrition, DLG, DSM, Farbest Brand, Glanbia Nutritionals, and Kemin among others.