Global Feed Premix Market is accounted for $22.88 billion in 2020 and is expected to reach $42.98 billion by 2028 growing at a CAGR of 8.2% during the forecast period. Growth in feed production, increase in the demand and consumption of livestock-based products and growth in compound feed consumption are driving the market growth.
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By geography, Asia Pacific is going to have high growth during the forecast period. The market in the region is primarily driven by the existence of a large livestock population and the growth rate attributed to it. Moreover, the region has witnessed a rise in the number of feed mills and feed production, particularly in Japan and India. This surge in the number of feed mills in the region reflects the growth in feed production.
Some of the key players profiled in the Feed Premix Market include Advanced Animal Nutrition, Advanced Enzyme Technologies, Agrofeed Ltd., Alltech, Archer Daniels Midland, Associated British Foods, Avitech Nutrition Pvt. Ltd., BEC Feed Solutions, Cargill Incorporated, Charoen Pokphand Foods PCL, Cladan, De Heus Animal Nutrition, DLG Group, Kaesler Nutrition and Kemin Industries.
Forms Covered in Feed Premix Market
• Dry/Powder
• Liquid
Livestocks Covered:
• Swine
• Aquatic Animals
• Cattle
• Equine
• Pets
• Poultry
• Ruminants
• Other Livestocks
Ingredient Types Covered:
• Amino acids
• Antibiotics
• Minerals
• Vitamins
• Antioxidants
• Other Ingredient Types
Distribution Channels Covered:
• Indirect
• Direct
End Users Covered:
• Dietary Supplements
• Food Industry
• Nutraceuticals
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