DUBLIN, Oct. 9, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/c3hpdq/feed_premix) has announced the addition of the "Feed Premix Market by Type (Vitamins, Minerals, Amino Acids, Antibiotics, and Other Ingredients), Livestock (Poultry, Ruminants, Swine, Aquatic Animals, and Other Animals), and Region - Global Trends & Forecast to 2020" report to their offering.
The market for feed premix is projected to grow at a CAGR of 3.0% to reach USD 10.26 Billion in 2020
The market for feed premix products has a significant impact on the animal nutrition industry. Feed premix is broadly categorized based on their type into vitamins, minerals, amino acids, antibiotics, and others include enzymes, preservatives, organic acids, antioxidants, pigments, and flavors. The feed premix market is also segmented on the basis of livestock into poultry, ruminants, swine, aquatic animals, and other animals which includes pet animals, birds, and reptiles.
Growing awareness regarding the importance of health and hygiene of livestock has been a significant driving force for this market after immense livestock loss caused by avian flu outbreaks in Asia-Pacific regions. Feed premix products provide a wholesome nutrition, metabolic efficiency, effective growth and development, and health protection to livestock. In order to ensure healthy growth of poultry, swine, and cattle, vitamins and minerals must be supplemented while preparing the feed for consumption.
The market for feed premix in North America is projected to reach nearly USD 2.5 Billion in 2020 and is expected to remain as a strong market along with Asia-Pacific region. The Asia-Pacific region accounted for the largest market share in 2015 and is projected to grow be the fastest-growing market during the review period.
The feed premix market of key developing regions such as Asia-Pacific and Latin America witnessed the entry of important market players, business units, and research centers of key players.
The key players in this market have been involved in the process of developing a range of customized solutions to target specific needs of the livestock breeders and cattle owners. Thus, the feed premix market has been gaining more global presence and acceptance among customers.
Leading participants in this market include Koninklijke DSM N.V. (The Netherlands), Cargill, Incorporated (U.S.), Nutreco N.V. (The Netherlands), InVivo Nutrition Et Sante Animales (France), DLG Group (Denmark), Archer Daniels Midland Company (U.S.), and AB Agri Ltd. (U.K.).
These players have been implementing different strategies to achieve growth and development in this market.
Especially, investments on development of innovative products and capacity expansions exhibit the strong competition to capitalize on the market demand for feed premix products.
For more information visit http://www.researchandmarkets.com/research/c3hpdq/feed_premix
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SOURCE Research and Markets