Feed Premix Market To Incur Value Growth At 4% CAGR During 2018-2026
Verfasser: yogesh on Thursday, 6 December 2018According to a latest market report published by Persistence Market Research titled ‘Feed Premix Market: Global Industry Analysis 2013–2017 and Forecast 2018–2026’, the feed premix market is expected to reach US$ 9.7 Bn in terms of value by the end of 2018, and is forecasted to reach US$ 13.5 Bn by the end of 2026 in terms of revenue. The global value of the feed premix market is expected to register a growth of 4% in terms of revenue from 2018-2026.
There is tough competition and fragmentation in the global feed premix market. The poultry and ruminants segments are expected to dominate feed premix market when compared to other livestock segments, due to higher coxnsumption of poultry and ruminants by humans. Increased usage of feed premix in poultry is one of the major factors that will have a good impact on the feed premix market. The industrialization of meat and dairy industry is promoting demand for feed premix.