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Global Feed Grade Vitamin Premixes Market 2018 Application, Status, Segments And Forecast To 2020
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According to The Association of American Feed Control officials (AAFCO, 2000), premix is termed as ‘a uniform mixture of one or more micro-ingredients with diluent and/or carrier.’ These ingredients are usually required in small amounts (micrograms or parts per million) and are not intended for direct feeding to animals.
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This report estimates the size of the global market in terms of value. The market for feed premix is projected to grow at a CAGR of 3.0% to reach USD 10.26 Billion in 2020. The market was dominated by the Asia-Pacific region in 2014 where China, India, and Indonesia were the important consumers in 2014. Drivers, restraints, opportunities, and challenges of the market are also discussed in detail in the report. In the next five years, vitamins are projected to gain better prospects as the fastest growing segment in various geographic regions. The application of feed premix is projected to witness strong demand from poultry and ruminant breeding industries.
The feed premix market of key developing regions such as Asia-Pacific and Latin America witnessed the entry of important market players, business units, and research centers of key players.
The key players in this market have been involved in the process of developing a range of customized solutions to target specific needs of the livestock breeders and cattle owners. Thus, the feed premix market has been gaining more global presence and acceptance among customers. Leading participants in this market include Koninklijke DSM N.V. (The Netherlands), Cargill, Incorporated (U.S.), Nutreco N.V. (The Netherlands), InVivo Nutrition Et Sante Animales (France), DLG Group (Denmark), Archer Daniels Midland Company (U.S.), and AB Agri Ltd. (U.K.). These players have been implementing different strategies to achieve growth and development in this market.
Especially, investments on development of innovative products and capacity expansions exhibit the strong competition to capitalize on the market demand for feed premix products.
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