The feed premix market is anticipated to expand from US$ 11,732.50 million in 2022 to US$ 17,101.04 million by 2030, reflecting a compound annual growth rate (CAGR) of 4.8% during the period from 2022 to 2030.

The enhancement of animal health and welfare through feed fortification with premixes is a significant factor driving this market. Animal feeds are enriched with essential nutrients such as vitamins, minerals, amino acids, antioxidants, and antibiotics. The widespread occurrence of micronutrient deficiencies in livestock has led to an increased demand for fortified feeds, thereby promoting the adoption of premixes. Fortified feeds contribute to stronger bones and lower mortality rates among animals. Specifically, mineral-enriched feeds are effective in treating bone fractures in livestock, while amino acid-fortified feeds enhance growth performance and bolster the immune systems of animals. The inclusion of amino acids not only improves metabolism but also elevates the nutritional value of the feed. Furthermore, fortification significantly enhances the feed conversion rate, which is crucial for optimizing production costs.

Among the various types of premixes utilized for feed fortification, antibiotics, acidifiers, antioxidants, vitamins, minerals, amino acids, binders, and enzymes are particularly prominent. The increasing demand for these premixes, attributed to their associated health benefits, is a key driver of the feed premix market. Additionally, as awareness regarding feed fortification rises, leading market players are implementing strategies to enhance their offerings. For example, in November 2022, DSM updated its Optimum Vitamin Nutrition (OVN) guidelines for vitamin fortification across all animal species to ensure optimal health and performance in livestock.

Several factors contribute to the growing demand for feed premixes in developing nations, including population growth, urbanization, and rising income levels. The Feed Industry Federation (FIF) reports that compound feed production has reached an impressive 1000 million tons annually, with a notable increase in production rates in developing countries compared to their developed counterparts. The modernization of livestock farms in these regions to satisfy the escalating demand for animal protein is further propelling the feed premix market. Consequently, the increasing need for feed premixes in developing countries presents substantial growth opportunities for the market.

The feed premix market is categorized based on form into dry and liquid segments. The dry segment is projected to experience the highest CAGR. The growing preference for dry feed premixes can be attributed to their convenience, longer shelf life, and compatibility with various animal feed formulations. Dry premixes provide a practical solution for livestock farmers and feed manufacturers, as they are easy to handle, store, and mix with other feed components. Additionally, the extended shelf life of dry premixes ensures their stability and effectiveness over time, minimizing the risk of nutrient degradation. These advantages are driving the growth of the dry segment.

From a geographical perspective, the feed premix market is divided into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. In 2022, the Asia Pacific region held a significant share of the feed premix market, while North America is projected to achieve the highest CAGR during the forecast period. Asia Pacific stands as the largest global producer of animal feed, with over 305 million metric tons produced in 2020, according to Alltech Global. This region is home to several major livestock farming countries, which accelerates the demand for animal feed ingredients, including feed premixes. The region has seen a rise in feed mills and production, particularly in countries like Japan and India, with India boasting the largest livestock population. This creates a vast opportunity for the feed premix market in India. Furthermore, manufacturers are making considerable investments to meet the growing demand in the region. For instance, in May 2021, ADM, a global leader in animal nutrition, launched its premix and nutrition services with Wisium in China, providing manufacturers with access to innovative nutrition programs for all livestock species and a robust international network of experts. Such initiatives are expected to enhance the demand for feed premixes and drive market growth in the region.

Key players in the feed premix market include Danish Agro AMBA, Agrifirm Group BV, Nutreco NV, Archer-Daniels-Midland Co, Cargill Inc, Koninklijke DSM NV, Dansk Landbrugs Grovvareselskab amba, NuSana BV, De Heus Voeders BV, and Kemin Industries Inc.

The overall size of the feed premix market has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. Additionally, numerous primary interviews were conducted with industry participants to validate the findings and gain deeper analytical insights. Participants included industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants, including valuation experts, research analysts, and key opinion leaders specializing in the feed premix sector.