Feed Premixes Market Estimated to Reach $9,939.49 Million by 2019 New Report by MarketsandMarkets
Dallas (PRWEB) February 19, 2015 -- The report Feed Premixes Market - Global Trends & Forecasts To 2019 defines and segments the feed premixes market with analyses and projections of the size of the market. It also identifies the driving and restraining factors of the market with analyses of trends, opportunities, burning issues, and challenges.The feed premixes market, in terms of value, is projected to increase to $9,939.49 million by 2019 at a CAGR of 3.0% from 2014.
Browse 75 market data tables and 70 figures spread through 167 pages and in-depth TOC on Feed Premix Market.
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The market is segmented and the value is projected on the basis of regions such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World. The key countries such as the U.S., Spain, Italy, India, and China are covered and their market is projected. The market size is projected on the basis of ingredient type, animal type, and region. The market for feed premixes has a significant impact on animal health. Feed premixes are broadly categorized in to vitamins, minerals, amino acids, and antibiotics on the basis of ingredient type
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The vitamin feed premixes segment accounted for the largest share was followed by the mineral feed premixes segment in 2013. Both vitamins and minerals are essential elements for animal growth. These organic compounds function as parts of enzyme systems essential for the transformation of energy and the regulation of metabolism in an animal’s body. In 2013, Asia-Pacific accounted for the largest share of the global feed premixes market. In the same year, North America contributed the second largest share.
The feed premixes market consists of five animal types; they are poultry, ruminants, swine, aquatic animals, and other animals that include pet animals, birds, and reptiles. The demand for feed premixes for poultry accounted for the largest share in 2013, at $2,824.08 million, and it is projected to reach $3,468.57 million by 2019. Asia-Pacific was the largest market of poultry feed premixes in 2013, followed by the North America region. The demand for the new and various feed premix products that result in better health of animals and quality animal products is increasing in the market. Leading brands are engaging in the production of feed premixes on a global scale, because it is considered to be a growing market in the animal husbandry industry. The existing companies are actively introducing new feed premix products with different ingredients in order to satisfy the nutrient requirement of various types of animals.
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