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Ruminant Feed Premix Market Size, Share & Growth Report 2031
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Ruminant Feed Premix Market Size, Share & Growth Report 2031

Segments - North America Ruminant Feed Premix Market by Ingredient Types (Amino Acids, Antioxidants, Vitamins, Antibiotics, Minerals, and Others) and Geography (Canada, United States, Mexico, and Rest of North America) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Vishal Golekar

Upcoming | Report ID :HC-4354 | 4.0 Rating | 63 Reviews | 222 Pages | Format : PDF Excel PPT

Report Description


The North America ruminant 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 3.4% during 2023–2031. The growth of market is attributed to expanding animal production industry accompanied by ever-growing population and demand for meat and dairy products.

Nutritional deficiencies make animals vulnerable resulting in causing diseases and deaths which are encouraging farmers to use the premix that provide animals the essential nutrients those they required.

North America Ruminant Feed Market Outlook

The premix feeds comprises of minerals, amino acids, antibiotics, and vitamins. Feed premix improves the composition of mixture and distribution of these additives throughout the end of the feed to make sure provides a homogenization of the additive to the very last feed.

The increasing demand for balanced feed premixes such as micro and macro nutrient is estimated to grow at a rapid pace during the forecast period. Up-gradation in technology in feeding activities, changing regulatory environment, and several other benefits associated with the use of animal feed premix drives the market.

COVID-19 affected moderately the feed premix market. However the growing concern to get affected by the virus due to consuming animal meat during the COVID pandemic has projected high market prospects. The feed premix helps boosting the immunity of cattle’s, thus the addition of premix in the feed increases the nutritional composition in it, which estimates in demand hike.

  • Increasing meat and dairy product consumption is expected to drive the market during the forecast period.

  • Rapid growth in animal production industry is estimated to propel the market during projected period.

  • Lack of nutrient and deficiency in animals resulting in unusual deaths and diseases is anticipated to spur the market in the coming years.

  • Increasing demand for animal protein is expected to fuel the market during the forecast period.

  • R&D and technological advancement in feeding activities and beneficial factor involved with feed premixes offers an immense opportunities for the players in the market.

  • Increase consumption of beef meat and dairy products is expected to elevate the market in the coming years.

  • Growing awareness among the livestock farmers about the benefits of feeding livestock with a proper diet is anticipated to ascend the market growth.

Scope of North America Ruminant Feed Premix Market Report 

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

Attributes

Details

Report Title

Ruminant Feed Premix Market – North America Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Ingredient Type (Amino Acids, Antioxidants, Vitamins, Antibiotics, Minerals, and Others)

Geographical Scope

Canada, United States, Mexico, Rest of North America

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Cargill, Incoporated; Elanco; ADM Animal Nutrition; Alltech; Nutreco N.V.

 

North America Ruminant Feed Premix Market Segment Insights

The vitamins segment is expected to hold the key share of the market

Based on the ingredients types, the market is segregated into amino acids, antioxidants, vitamins, antibiotics, minerals, and others.

The vitamins segment is expected to hold the key share of the market during the forecast period due to growing number of commercial livestock farms the demand for the feed premix increased gradually, also improvement in the immunity system and uplift their growth phenomenon of the livestock exhibiting significant growth of the segment.

North America Ruminant Feed Market Ingredient Types

The United States is estimated to dominate the market

In the terms of regions, the market is categorized into Canada, United States, Mexico, and Rest of North America. The United States is estimated to dominate the market in the coming years owing to its growing number of dairy and beef industry in the country and its per capita consumption which encourages the animal production, which gradually drives the North America premix feed market, along with growing awareness about the premix feed.

Segments

The North America ruminant feed premix market has been segregated on the basis of

Ingredients Types

  • Amino Acids
  • Antioxidants
  • Vitamins
  • Antibiotics
  • Minerals
  • Others

Geographies

  • Canada
  • United States
  • Mexico
  • Rest of North America

Key Players

Competitive Landscape

Key players competing in the North America ruminant feed premix market include Cargill, Incorporated; Elanco; ADM Animal Nutrition; Alltech; Nutreco N.V.

Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance

  • In January 2021, Cargill, Incorporated set a new benchmark for premix production with the opening of new premix and nutrition facility in Ohio.

  • In May 2021, Elanco launched product for U.S. poultry producers providing a flexible option for Cocci control.

North America Ruminant Feed Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ruminant Feed Premix Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Ruminant Feed Premix Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Ruminant Feed Premix Market - Supply Chain
  4.5. Global Ruminant Feed Premix Market Forecast
     4.5.1. Ruminant Feed Premix Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Ruminant Feed Premix Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Ruminant Feed Premix Market Absolute $ Opportunity
5. Global Ruminant Feed Premix Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Ruminant Feed Premix Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Ruminant Feed Premix Demand Share Forecast, 2019-2026
6. North America Ruminant Feed Premix Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Ruminant Feed Premix Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Ruminant Feed Premix Demand Share Forecast, 2019-2026
7. Latin America Ruminant Feed Premix Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Ruminant Feed Premix Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Ruminant Feed Premix Demand Share Forecast, 2019-2026
8. Europe Ruminant Feed Premix Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Ruminant Feed Premix Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Ruminant Feed Premix Demand Share Forecast, 2019-2026
9. Asia Pacific Ruminant Feed Premix Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Ruminant Feed Premix Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Ruminant Feed Premix Demand Share Forecast, 2019-2026
10. Middle East & Africa Ruminant Feed Premix Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Ruminant Feed Premix Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Ruminant Feed Premix Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Ruminant Feed Premix Market: Market Share Analysis
  11.2. Ruminant Feed Premix Distributors and Customers
  11.3. Ruminant Feed Premix Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Cargill, Incorporated
     11.4.2. Elanco
     11.4.3. ADM Animal Nutrition
     11.4.4. Alltech
     11.4.5. Nutreco N.V.

Methodology

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