Global Feed Premix Market - Segmented By Ingredients, Composition, Animal Type And Geography - Growth, Trends And Forecasts (2014-2020)
LONDON, Oct. 21, 2014 /PRNewswire/ -- Feed premixes consist of one or a dozen different feed additives mixed with diluents that facilitate the rate of mixing. Commonly used carriers are calcium carbonate, wheat bran, salt, limestone, dicalcium phosphate, magnesium oxide, etc. Vitamins, minerals and trace minerals are the major types of additives added to premixes. The major function of a feed premix is to ensure uniformity and homogeneity in feed for better nutrient availability.
The global feed premix market was worth $5,662.7 million in 2013 and is expected to reach $6,992.5 billion by 2020, growing at a CAGR of 3.1% during the forecast period of 2014 to 2020. North America and Asia are the major producers as well as consumers, accounting for around 60% of the global market. While the U.S. and China lead production, India, China and Brazil are the fastest growing in terms of consumption. Favorable government policies in these countries are expected to drive the market during the forecast period.
Increased demand for cost-effective and high quality feed from farmers to boost farm animal productivity is a major driving factor for growth in this market. The end-consumer demand for high quality meat from the meat processing industry is also trickling down to demand for feed premixes from farmers.
Stable economic conditions in South East Asia and the resulting rise in meat consumption have contributed to the growth in demand for premixes in the Asia Pacific region. M&A has been a key business strategy for major players looking to consolidate in South East Asia and other developing regions.
Key players in the market have also been expanding their business by setting up new plants to increase production capacity. However, with rising raw material costs, companies are investing in production processes to reduce the cost of production and cater to the increasing demand.
Major players in the market are Cargill Inc. (U.S.), DSM NV (The Netherlands), Nutreco NV (The Netherlands) and Archer Daniels Midland (U.S.), among others.
Why should you buy this report?
1) To gain a comprehensive overview of the worldwide feed premix market.
2) To gather wide-ranging information about the major players in this industry and the strategies adopted by them.
3) To understand the market performance of various categories of feed premixes.
4) To gain an insight about the major countries/regions with high demand for feed premixes and also identify regions that are untapped.
Download the full report: https://www.reportbuyer.com/product/2437406/
About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
http://www.reportbuyer.com
For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-feed-premix-market--segmented-by-ingredients-composition-animal-type-and-geography--growth-trends-and-forecasts-2014-2020-966464776.html
SOURCE ReportBuyer
Share this article