The global feed premix market size was estimated to be valued at USD 24.3 billion in 2021 and is projected to reach a value of USD 32.9 billion by 2026, growing at a CAGR of 6.2% during the forecast period. The growth of this market is attributed to the increasing demand for meat and meat products across the globe.
Key players in this market include Nutreco N.V. (Netherlands), Cargill (US), Archer Daniels Midland Company (ADM) (US), BEC Feed Solutions (Australia), DLG Group (Denmark), Charoen Pokphand Foods PCL (Thailand), Land O’Lakes (US), AB Agri Ltd. (UK).
Deals, acquisitions, and new product launches were the key strategies adopted by the leading players in the Feed premix with a view to improving their product line and presence in the market.
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Cargill, Incorporated (US), is an American multinational corporation company founded in 1865 and headquartered in Minnetonka, US.
Cargill Incorporated (Cargill) operates through four major business segments: grain & oilseeds; animal nutrition; bio-industrial; oils, fats, & foods; metals; and risk management and financial services. As livestock feed manufacturers seek sustainable and natural solutions to enhance animal performance and reduce and replace Antibiotic Growth Promoters (AGP) in feed, Cargill focuses on offering natural feed additives to cater to the needs of manufacturers. Through its animal nutrition business unit, Cargill offers feed additives, including feed enzymes, for livestock such as swine, poultry, ruminants, and aquaculture. The animal nutrition segment provides ‘promote additives,’ which is a category that includes multi-species lines and dedicated species solutions. Promote additives offer ‘Enzae,’ a feed enzyme product type, to optimize feed costs and consistently improve performance.
Its major competitors are Ingredion Incorporated (US), Associated British Foods plc (UK), and Archer Daniels Midland Company (US).
Archer Daniels Midland (ADM) (US), is primarily engaged in the production of food ingredients, animal feed & feed ingredients, and biofuels. The company operates through five segments—origination, oilseeds, carbohydrate solutions, nutrition, and others. It offers feed premixes through its nutrition segment. ADM Animal Nutrition, a wholly-owned subsidiary of ADM, is involved in the manufacturing and marketing of a wide range of products for the animal nutrition market. It offers feed products, premixes, supplements, custom ingredient blends, and specialty feed ingredients to optimize animal health. It also offers premixes for livestock, poultry, and pets. Under its animal nutrition segment, there are several product categories that include acidifiers, binders, endotoxin reducers, enzymes, flavors, immunomodulators, photogenic products, pigments, raw materials, vitamins, water-soluble minerals, water-soluble vitamins, and yeast derivatives. In 2015, the company opened its third facility in Nanjing (China) for feed premix production. The facility manufactures around 30,000 metric tons of premix products per year. The company also owns premix production facilities in Tianjin and Dalian (China). In 2017, ADM opened its fourth feed premix plant in Zhangzhou (China). It has an annual production capacity of 30,000 metric tons of feed premixes.
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The Asia Pacific is projected to be the largest and fastest-growing segment. Increased awareness among consumers about quality meat and increased meat consumption across the region is expected to provide more scope for market expansion. Livestock is an important constituent of agriculture in the Asia Pacific region. The region widely rears and consumes pork and poultry. With the rising demand for animal products, increased livestock productivity is necessary. Quality feed is the primary determinant of the performance and productivity of livestock.
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