The increasing demand for the better quality of meat is one of the key factors augmenting towards growth of the global feed premix market. Several manufacturers are preferring meat base product and these are some of the factors positively supporting growth of this market in the coming years. Furthermore, the growing awareness among the public regarding feed ingredients and these are some of the factors stimulating growth of the global feed premix market.
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In contrast, high cost associated with the raw materials is one of the factor negatively impacting overall growth of the global feed premix market .However, shift from red meat with the end materials are another restrains factors negatively impacting growth of this market in the years to come. The increase in meat consumption and on-farm mixing are some of the factors driving the demand in the global feed premix market.
From the geographical point of view, Asia Pacific is likely to dominate global feed premix market. Developing economies such as Brazil, India and China is likely to create huge opportunities in the global feed premix market over the course of forecast period. However, other economies such as Europe and North America are likely to grow at healthy pace during the course of forecast period. Moreover, the rising demand for meat production is one of the key supporting growth of feed premix in South American countries.
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The growing demand for meat production is another factor supplementing growth of the premix in South American countries.
The prominent players operating in the global feed premix market are Cargill Inc., De Heus, Biomin, Land O’ Lakes Feed, and Lallemand Animal Nutrition. The key vendors are largely focused towards research and development activities and launch and innovation in products. The vendors are also adopting strategic mergers and acquisitions in order to expand their product portfolio and global presence.