(MoneyNewsWire.Net, October 16, 2017 ) According to the report North America feed premix Market, published by Market Data Forecast, the Market has been estimated at USD 29.07 Billion in 2016 and is projected to reach USD 32.73 Billion by 2021, at a CAGR of 2.40% during the forecast period from 2016 to 2021. Feed premix are synthesized chemically and microbiologically to increase the nutritious value of feeds in order to improve its effect on farm animals. They help in improving appetite, digestion, and feed intake of animals. Feed premixes offer unique nutritional benefits that allow producers to maximize their profitability.
The major growth driver in the North American market is strong demand for high-quality meat from meat processing industry. Increased demand for cost-effective and high quality feed and shift in consumption from red meat to white meat are also driving the market for feed premixes in North America. Lack of flexibility in diet formulation and lack of knowledge about the quality of the supplemental ingredients to be used in feed premix are some of the constraints on the feed premix market growth.
Browse market data tables and in-depth TOC of the North America feed premix Industry to 2021 @ http://www.marketdataforecast.com/market-reports/north-america-feed-premix-market-399/
The North America feed premixes market is segmented into ingredient type and livestock. Each of the segments is further subdivided into various segments as follows: Ingredient type: Vitamins, Minerals, Amino acids, Antibiotics and Other ingredients (Preservatives, organic acids, antioxidants, enzyme, pigments, and flavors) and Livestock: Poultry, Ruminants, Swine, Aquatic animals and other animals that include pet animals, birds, and reptiles. By type, Vitamins are the most widely used premix. The demand for feed premixes in poultry industry accounted for the largest share and is projected to be the fastest-growing segment.
Free sample of the report is available @ http://www.marketdataforecast.com/market-reports/north-america-feed-premix-market-399/request-sample
On geographical basis North America Feed premix market is segmented into U.S. and Canada. North America is one of the major markets for feed additives in the world with a share of 34%. U.S. is the major market for feed premix industry within North America. U.S. market is focused on innovating cost-effective production process. Poultry is the largest consumer of feed premixes in North America. In North America, companies are committed to research, sourcing, quality and education, in providing nutritional technologies that are central to the success of customers.
Inquire before buying @ http://www.marketdataforecast.com/market-reports/north-america-feed-premix-market-399/inquire
Leading players in North America feed premix market are Cargill, Koninklijke DSM N.V., Nutreco N.V., Archer Daniels Midland Company, and InVivo Nutrition et Sante Animales. Existing companies such as DSM and Nutreco have been actively involved in acquisition of regional suppliers and ingredient manufacturers in these regions to strengthen their market presence.
About Us: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
Market Data Forecast
Abhishek
+1-888- 702-9626
abhishek@marketdataforecast.com
Source: EmailWire.Com
|