The global Feed Premix Market is expected to gain impetus from the rising demandfor balanced feed products, including micronutrients and macronutrients. Thisinformation is published in a report by Fortune Business Insights, titled, “Feed Premix Market Size, Share & IndustryAnalysis, By Type (Vitamins, Minerals, Amino Acids, and Antibiotics), Livestock(Poultry, Ruminants, Swine, Aquatic Animals, and Others), and RegionalForecast, 2019-2026.” According to the report, the global FeedPremix Market is projected to reach USD15.35 Billion by 2026, exhibiting a CAGR of 7.75% duringthe forecast period. However, the global Feed Premix Market size was valuedat USD 8.50 Billion.The global market is also anticipated to exhibit immense growth due to evolvingregulatory environment and technological advancement in feeding practices.
The report provides detailed information on the most significant factors of theglobal Feed Premix Market that include market drivers, obstacles, regionalanalysis, key market developments, and challenges. It further contains in-depthdata on prominent vendors, accurate predictions on change in buyer behavior andfuture trends.
Vitamin Premix to Dominate Market Due to Rising Demand fromCommercial Livestock Farms
Interms of type, the global Feed Premix Market is categorized into antibiotics,vitamins, amino acids, and minerals. Out of these, in the year 2018, thevitamins segment has acquired 57.7% in the global Feed Premix Market share. Thereport states that the vitamin premix segment is anticipated to retain its positionthroughout the forecast period by holding the largest market share. It islikely to occur due to a rise in the demand for vitamin-infused animal feedfrom the increasing number of commercial livestock farms. It further helps inboosting the immune system of animals. All these factors are expected tocontribute to the growth of this segment in the coming years.
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Provimi Jordan DevelopsTechnologically Advanced Animal Nutrition Premix Plant
Cargill,a privately held global corporation, based in the U.S., announced that itsanimal nutrition business, Provimi Jordan inaugurated an advanced animalnutrition premix plant in Jordan in April 2019. The main aim of creating theplant is to offer sustainable and safe solutions to meet the changing demand offeed producers and farmers in the Middle East. The state-of-the-art plantpossesses a production capacity of approximately 65,000 metric tons of premixper year. Moreover, it features a technologically advanced whole-processbarcode record management system. It aids in enhancing full-traceability fromraw materials to finished products. The plant combines a team of highly skillednutritionists with an adjacent animal nutrition lab that is resulting in thecreation of a unique platform for the company to enhance sustainable farmingpractices.
DSM Opens its Second Premix Plant in India to Cater to the RisingConsumer Demand
InOctober 2018, DSM, a leading company specializing in the fields of health,nutrition, and materials, headquartered in Netherlands, unveiled its secondanimal nutrition and health premix plant in India. The plant is situated inJadcherla in Mahbubnagar. DSM promised that the plant would aid in offeringpremix solutions for the fields of aquaculture, dairy, and poultry to fulfillthe ever-increasing consumer demand in the southeastern regions of the country.Its first premix plant is located at Ambernath in Maharashtra.
Browse Complete Report Detailswith Table of Content and Figures: https://www.fortunebusinessinsights.com/industry-reports/feed-premix-market-101543
