Feed Premix Market Scope And Analysis

Report Code : TIPRE00004696
Category : Food and Beverages

Status : Published
No. of Pages : 193

Buy Now

Feed Premix Market Scope and Analysis by 2030

Buy Now

Feed Premix Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 11.73 Billion
Market Size by 2030	US$ 17.1 Billion
Global CAGR (2022 - 2030)	4.8%
Historical Data	2020-2021
Forecast period	2023-2030
Segments Covered	By Type Vitamins Minerals Amino Acids Antibiotics Antioxidants Blends By Form Dry and Liquid By Livestock Poultry Ruminants Swine Aquaculture
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Danish Agro AMBA Agrifirm Group BV Nutreco NV Archer Daniels Midland Co Cargill Inc Koninklijke DSM NV Dansk Landbrugs Grovvareselskab amba NuSana BV De Heus Voeders BV

COVID-19 Pandemic Impact:

The COVID-19 pandemic adversely affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA) hampered the growth of several animal feed manufacturing companies. The shutdown of manufacturing units disturbed global supply chains, production activities, delivery schedules, and essential and nonessential product sales. Various companies witnessed delays in product deliveries and a slump in their product sales in 2020, which hampered the feed premix market. The shortage of workforce, import-export ban, and limited supply of raw materials also led to a halt in operations and processes across the globe during the COVID-19 pandemic. These factors negatively impacted the market growth in the pandemic.

However, in 2021, various economies resumed operations as several governments revoked the previously imposed restrictions, which positively impacted the global marketplace. Moreover, manufacturers were permitted to operate at full capacities, which helped them overcome the demand and supply gaps.

Competitive Landscape and Key Companies:

Danish Agro AMBA, Agrifirm Group BV, Nutreco NV, Archer-Daniels-Midland Co, Cargill Inc, Koninklijke DSM NV, Dansk Landbrugs Grovvareselskab amba, NuSana BV, De Heus Voeders BV, and Kemin Industries Inc are among the prominent players operating in the global feed premix market. These market players adopt strategic development initiatives to expand their businesses, further driving the feed premix market growth.