Market Size of Poultry Feed Premix Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 6.87 Billion |
| Market Size (2029) | USD 8.19 Billion |
| CAGR (2024 - 2029) | 3.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Poultry Feed Premix Market Analysis
The Poultry Feed Premix Market size is estimated at USD 6.87 billion in 2024, and is expected to reach USD 8.19 billion by 2029, growing at a CAGR of 3.60% during the forecast period (2024-2029).
- At the end of 2019, poultry toppled pork as the number one consumed meat in the world. The global consumption of poultry meat stood at 124.6 million metric ton. Increased consumption of poultry meat led to increased industrialization of poultry rearing, thus, necessitating the use of feed premixes in poultry feed.
- Almost 65% of the cost of production of poultry is accounted for by feed. This led to high fluctuations in production costs, on account of fluctuating prices of feed raw materials, like corn. This phenomenon has led farmers to prefer feed combinations that provide maximum feed conversion. Apart from supporting nutritional requirements of the birds, premixes are also important for improved feed conversion ratio and, hence, they are a key part of large-scale poultry rearing.
Poultry Feed Premix Industry Segmentation
Livestock farmers mix premixes, which are the mixtures of one or more essential animal nutrients, with the home-grown feed, to provide animals with optimum nutrition. The swine feed premix market is segmented by ingredient, into antibiotics, vitamins, antioxidants, amino acids, minerals, and other ingredients. The market is segmented by geography to assess the key trends in major countries across North America, Europe, Asia-Pacific, South America, and Africa.
Poultry Feed Premix Market Size Summary
The poultry feed premix market is poised for steady growth, driven by the increasing global consumption of poultry meat, which has surpassed pork as the most consumed meat worldwide. This shift has led to the industrialization of poultry rearing, necessitating the use of feed premixes to optimize production efficiency. Feed costs constitute a significant portion of poultry production expenses, prompting farmers to seek feed combinations that enhance feed conversion ratios. Premixes play a crucial role in meeting the nutritional needs of poultry, supporting faster growth rates and improved genetic potential. The demand for vitamins in poultry feed premixes has surged, reflecting the need to address vitamin deficiencies under intensive growing conditions and to enhance survival rates and immunity.
The Asia-Pacific region stands out as the leading market for poultry feed premix, driven by high poultry production and consumption in countries like China, India, and Thailand. The region's poultry industry has transitioned from small-scale operations to highly industrialized production, with farmers investing in high-quality feed to ensure optimal nutrition. The market is characterized by fragmentation, with global and regional players competing with local manufacturers. Key companies such as Cargill Inc., Archer Daniels Midland Company, Land O' Lakes Inc., DBN Group, and DSM Animal Nutrition are focusing on expanding their business operations and increasing production capacity through strategic investments and expansions.
Poultry Feed Premix Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Ingredient
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2.1.1 Antibiotics
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2.1.2 Vitamins
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2.1.3 Antioxidants
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2.1.4 Amino Acids
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2.1.5 Minerals
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2.1.6 Other Ingredients
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.1.4 Rest of North America
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2.2.2 Europe
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2.2.2.1 Germany
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2.2.2.2 United Kingdom
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2.2.2.3 France
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2.2.2.4 Spain
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2.2.2.5 Russia
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2.2.2.6 Italy
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2.2.2.7 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 India
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2.2.3.3 Japan
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2.2.3.4 Australia
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2.2.3.5 Rest of Asia-Pacific
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Africa
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2.2.5.1 South Africa
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2.2.5.2 Rest of Africa
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Poultry Feed Premix Market Size FAQs
How big is the Poultry Feed Premix Market?
The Poultry Feed Premix Market size is expected to reach USD 6.87 billion in 2024 and grow at a CAGR of 3.60% to reach USD 8.19 billion by 2029.
What is the current Poultry Feed Premix Market size?
In 2024, the Poultry Feed Premix Market size is expected to reach USD 6.87 billion.
