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The global feed premix market is expected to gain impetus from the rising demand for balanced feed products, including micronutrients and macronutrients. This information is published in a report by Fortune Business Insights, titled, “Feed Premix Market Size, Share and Industry Analysis, By Type (Vitamins, Minerals, Amino Acids, and Antibiotics), Livestock (Poultry, Ruminants, Swine, Aquatic Animals, and Others), and Regional Forecast, 2019-2026.”
According to the report, the global feed premix market is projected to reach USD 15.35 Billion by 2026, exhibiting a CAGR of 7.75% during the forecast period. However, the global feed premix market size was valued at USD 8.50 Billion. The global market is also anticipated to exhibit immense growth due to evolving regulatory environment and technological advancement in feeding practices.
Fortune Business Insights lists out some of the renowned market players operating in the global feed premix market. They are as follows:
Provimi Jordan Develops Technologically Advanced Animal Nutrition Premix Plant
Cargill, a privately held global corporation, based in the U.S., announced that its animal nutrition business, Provimi Jordan inaugurated an advanced animal nutrition premix plant in Jordan in April 2019. The main aim of creating the plant is to offer sustainable and safe solutions to meet the changing demand of feed producers and farmers in the Middle East. The state-of-the-art plant possesses a production capacity of approximately 65,000 metric tons of premix per year. Moreover, it features a technologically advanced whole-process barcode record management system. It aids in enhancing full-traceability from raw materials to finished products. The plant combines a team of highly skilled nutritionists with an adjacent animal nutrition lab that is resulting in the creation of a unique platform for the company to enhance sustainable farming practices.
DSM Opens its Second Premix Plant in India to Cater to the Rising Consumer Demand
In October 2018, DSM, a leading company specializing in the fields of health, nutrition, and materials, headquartered in Netherlands, unveiled its second animal nutrition and health premix plant in India. The plant is situated in Jadcherla in Mahbubnagar. DSM promised that the plant would aid in offering premix solutions for the fields of aquaculture, dairy, and poultry to fulfill the ever-increasing consumer demand in the southeastern regions of the country. Its first premix plant is located at Ambernath in Maharashtra.
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Rapid Advancements in Feed Premix Market to Fuel Revenues Through 2019-2026