The global feed premix market is expected to gain impetusfrom the rising demand for balanced feed products, including micronutrients andmacronutrients. This information is published in a report by Fortune BusinessInsights, titled, “Feed Premix Market Size, Share & Industry Analysis, ByType (Vitamins, Minerals, Amino Acids, and Antibiotics), Livestock (Poultry,Ruminants, Swine, Aquatic Animals, and Others), and Regional Forecast,2019-2026.”
List of key CompaniesProfiled
· The Archer Daniels Midland Company
· Koninklijke DSM N.V.
· Nutreco N.V.
· Cargill, Incorporated (Provimi)
· Purina Animal Nutrition LLC
· Kemin Industries
· Land O’lakes, Inc.
· De Heus Animal Nutrition
· Alltech, Inc.
· Zinpro Corporation
· Novus International, Inc.
· Lexington Enterprises Pte. Ltd.
According to the report, the global feed premix market isprojected to reach USD 15.35 Billion by 2026, exhibiting a CAGR of 7.75% duringthe forecast period. However, the global Feed Premix Market size was valued atUSD 8.50 Billion. The global market is also anticipated to exhibit immensegrowth due to evolving regulatory environment and technological advancement infeeding practices.
The report provides detailed information on the mostsignificant factors of the global Feed Premix Market that include marketdrivers, obstacles, regional analysis, key market developments, and challenges.It further contains in-depth data on prominent vendors, accurate predictions onchange in buyer behavior and future trends.
Vitamin Premix toDominate Market Due to Rising Demand from Commercial Livestock Farms
In terms of type, the global Feed Premix Market iscategorized into antibiotics, vitamins, amino acids, and minerals. Out ofthese, in the year 2018, the vitamins segment has acquired 57.7% in the globalFeed Premix Market share. The report states that the vitamin premix segment isanticipated to retain its position throughout the forecast period by holdingthe largest market share. It is likely to occur due to a rise in the demand forvitamin-infused animal feed from the increasing number of commercial livestockfarms. It further helps in boosting the immune system of animals. All thesefactors are expected to contribute to the growth of this segment in the comingyears.
Provimi JordanDevelops Technologically Advanced Animal Nutrition Premix Plant
Cargill, a privately held global corporation, based in theU.S., announced that its animal nutrition business, Provimi Jordan inauguratedan advanced animal nutrition premix plant in Jordan in April 2019. The main aimof creating the plant is to offer sustainable and safe solutions to meet thechanging demand of feed producers and farmers in the Middle East. Thestate-of-the-art plant possesses a production capacity of approximately 65,000metric tons of premix per year. Moreover, it features a technologicallyadvanced whole-process barcode record management system. It aids in enhancingfull-traceability from raw materials to finished products. The plant combines ateam of highly skilled nutritionists with an adjacent animal nutrition lab thatis resulting in the creation of a unique platform for the company to enhancesustainable farming practices.
DSM Opens its SecondPremix Plant in India to Cater to the Rising Consumer Demand
In October 2018, DSM, a leading company specializing in thefields of health, nutrition, and materials, headquartered in Netherlands, unveiledits second animal nutrition and health premix plant in India. The plant issituated in Jadcherla in Mahbubnagar. DSM promised that the plant would aid inoffering premix solutions for the fields of aquaculture, dairy, and poultry tofulfill the ever-increasing consumer demand in the southeastern regions of thecountry. Its first premix plant is located at Ambernath in Maharashtra.
Browse CompleteReport details with Table of Content and Figures: https://www.fortunebusinessinsights.com/industry-reports/feed-premix-market-101543
