Feed Premix Market Size, Trends, Growth, Industry & Reports [2031]

Report Description

The Asia Pacific feed premix market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 4.5% during 2023–2031. The growth of the market is attributed to rising demand for high-value animal protein and nutrients for proper growth of the farm animals.

Premixes are substances already mixed of several items, which are ready to be used for instant consumption especially using water. Feed premix refers to a combination of one or more key animal nutrients blended with home-grown feed to offer the best nutrition for livestock. According to the Food and Agriculture Organization (FAO) statistics, feed premix is described as a consistent mixing of specific micro-ingredients with a diluent or carrier such as vitamins, minerals, antibiotics, and other medications.

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The goal of these premixes is to ensure that the micro-ingredients in the total feed mix are evenly distributed. These premixes are primarily used by farmers in the formulation of on-farm feeds to ensure healthy ingredients of animal consumptions and meet feed requirements of cattle, poultry, and pigs.

The Covid-19 pandemic has posed a moderate threat on the feed premix market due to sudden disruption in the supply chain of raw materials and shut down of the manufacturing units across industries. Moreover, the demand for meat products especially associated with poultry and swine had been affected sharply due to sluggish demand for chicken or port meat concerning the spread of the virus from animals to human. 

Asia Pacific Feed Premix Market Trends, Drivers, Restraints, and Opportunities

• Increasing production of all sorts of meat due to growing demand for high-value meat & dairy protein from a large number of the population in the region presents a key factor driving the market.

• Growing number of the population, increasing disposable income, and high demand for quality protein are projected to drive the market in the coming years.

• Increasing practice for poultry, swine, ruminant farming, and popular culture of animal husbandry are key factors boosting the market.

• Major issues of flu cases and virus transmission from animal to human due to livestock rearing practices act as key challenges that can hamper market expansion. 

• New capital-intensive methods for increasing production of cattle, poultry, and pig meat in several production facilities present key growth opportunities of the market.

Scope of Asia Pacific Feed Premix Market Report

The report on the Asia Pacific feed premix market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Asia Pacific Feed Premix Market Segment Insights

The amino acids segment is expected to grow at a rapid pace

Based on ingredient types, the Asia Pacific feed premix market is divided into antibiotics, minerals, amino acids, vitamins, antioxidants, and others. The amino acids segment is expected to grow at a rapid pace during the forecast period owing to high utilized of animal feed premixes to supplement nutritional deficits of animals. Amino acids are vital components for improving meat quality and quantity as they serve as building blocks for protein production in animals.

One of the most significant advancements in animal nutrition is the optimum protein concept. It aids animals in maintaining a balanced amino acid pattern in order to enhance growth and nitrogen retention in cattle. To improve the efficiency of livestock animals, a variety of amino acids are provided as supplements. Methionine and lysine are two extensively utilized amino acids.

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Swine segment is projected to expand at a considerable CAGR

On the basis of animal types, the market is segregated into aquaculture, poultry, ruminant, swine, and others. The swine segment is projected to expand at a considerable CAGR during the forecast period owing to high demand for pork and wide applications of the meat for various food items. Pork is a highly nutritious meat because it has a high protein content, contains less fat & cholesterol than beef and other meat sources.

Moreover, rising number of big middle-class population, rising disposable income, and shifting consumer tastes for pork-based processed foods present another key drivers of the segment. To maintain their pigs healthy & disease-free, pig farmers require premixes such as antibiotics, vitamins, and minerals. Pork is widely produced and consumed in India, China, Thailand, Vietnam, and Indonesia.

China is anticipated to constitute a key market share

In terms of geography, the Asia Pacific feed premix market is classified as China, India, Japan, Australia, Thailand, and Rest of Asia Pacific. China is expected to constitute a key share of the market during the projected period owing to presence of large number of consumers for meat products and wide practice of animal farming in the country. However, slow herd replenishment particularly in swine fever-affected areas is adding to the near-term shortage and resulting in a swine feed demand shortfall across the country.