Charoen Pokphand Foods Non-Voting DR CPOUF

Feed Premix Market Outlook 2024-2032

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According to the latest research report, the global feed premix market size reached US$ 20.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 31.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.

The global feed premix market is currently being driven by the escalating demand for high-quality animal products, including meat, milk, and eggs. Simultaneously, as consumers worldwide continue to seek safer, healthier, and more nutritious options, livestock farmers are facing increasing pressure to enhance the quality of their products. This heightened demand for feed premixes aligns with the objective of achieving safer and more nutritious options for consumers.

Furthermore, feed premixes are playing a critical ongoing role in meeting this goal, ensuring that animals receive the essential nutrients necessary for optimal growth, development, and overall health. By continuously incorporating premixes into their feed formulations, farmers can enhance the nutritional value of animal products, meeting and exceeding consumer expectations and thereby strengthening their competitiveness in the market.

Explore full report with Table of Contents: https://www.imarcgroup.com/feed-premix-market