BANGALORE, India, August 18, 2015 /PRNewswire/ --
Mordor Intelligence is pleased to announce the publication of the report on Global Feed Premixes Market on August 18, 2015. This report discusses the market in detail.
The report is a study on the global feed premixes market along with an in-depth analysis of Asian, North-American, European and other regional markets.
A feed premix is a uniform blend of one or more micro-ingredients such as vitamins, minerals, amino acids with a carrier and/or diluent. Premixes are substances that are generally added during the early stages of manufacturing to compound feeds or nutrition system, to facilitate uniform dispersion of ingredients in a large mix.
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.
Aquaculture industry is an important consumer of feed premixes. The feed premix sector is poised to experience considerable growth in the future by investing resources in R&D with proper information of animal nutrient requirements.
Farmers use feed premixes to assure regular and uniform supply of nutrients to enhance the quality and productivity of the animals. The increased adoption rate of farmers & meat producers, availability of raw materials have brought changes in the feed premix market.
Major livestock animals in the market comprise cattle, poultry, swine, lamb and goat; each having a specific nutritional requirements. The increasing demand for poultry products and rising environmental concerns over animal waste are a few factors helping the feed premixes sector.
Get the full report here: Global Feed Premixes Market
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.
The Asia-Pacific market has great potential; it is currently growing at a CAGR of 3.4%. It is a great market for the feed premixes market because of its increasing population, growing per capita income, the unorganised livestock production system and lack of awareness among the manufactures. The European market is one of the largest consumer of feed premix industry because of its increased awareness on healthy and quality products.
The report is segmented by Type, by Application on animals and by geographic regions. Market size and forecast are provided for each of these regions in the report.
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SOURCE Mordor Intelligence LLP