Feed Premixes Market Size Soaring: Expected to Reach $19.22 Billion by 2030
feed premixes market outlook The global feed premixes market is experiencing significant growth, driven by the rising demand for livestock-derived products and the increasing use of feed additives to enhance animal health and productivity. According to a report by Market Research Future (MRFR), the market is expected to reach a staggering USD 19.22 billion by 2030, exhibiting a robust compound annual growth rate (CAGR) of 15.06% during the forecast period (2023-2030). Understanding Feed Premixes Feed premixes are not directly fed to animals. Instead, they are concentrated mixtures of various essential feed additives, including: Vitamins Minerals Amino acids Lipids Other beneficial nutrients These premixes are strategically blended and incorporated in small quantities (usually 0.5% or less) into complete animal feed formulations. They play a critical role in ensuring optimal nutrition for livestock, poultry, aquaculture, and other animals raised for food production. Re