The Chinese Feed Premix Market is anticipated to extent at a CAGR of 4.5% value of USD 1,655.7 million by 2021. The market drivers increasing consumption of meat and other animal products, increasing awareness level regarding animal health and food safety, industrialization of the livestock sector, incidences of counterfeit meat and other products, and ban on antibiotics as growth promoters in the country.
“Vitamins segment is projected to be the largest segment, by source, from 2016 to 2021”
Additional vitamin supplements are added as ingredients to feed premix in the animal feed, so as to improve and maintain animal health and performance. The key feed premix vitamins are vitamin A, C, D, E, K, and B2.
The breakdown of the primaries on the basis of company and designation, conducted during the research study, are as follows:
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The major players in Chinese Feed Premix Market include:
- Koninklijke DSM N.V. (The Netherlands)
- Nutreco N.V. (The Netherlands)
- Cargill, Incorporated (U.S.)
- InVivo Group (France)
- DLG Group (Denmark)
Drivers of Chinese Feed Premix Industry:
- Changing consumption pattern & increasing awareness level amongst consumers in China
- Increase in the consumption of meat & other animal products
- Increasing awareness level regarding animal health and food safety in China
- Industrialization of the livestock sector in China
- Increasing number of organized feed mills in the country
- Support from the Chinese government in the development of the feed Industry
- Incidences of counterfeit meat and other products in China
- Ban on antibiotics as growth promoters in the country
Restraints of Chinese Feed Premix Industry:
- Increase in the cost of feed ingredients in China
Opportunities in Chinese Feed Premix Industry:
- Strong growth in poultry & swine sectors in China
- Customized product formulations through segment-specific differentiation in China
Challenges in Chinese Feed Premix Industry:
- Availability of natural feed alternatives in China
- Occurrence of major animal diseases in China
- Stringent & time-consuming regulatory policies in China
The other players that also have a strong presence in Chinese Feed Premix Market include:
- Archer Daniels Midland Company (U.S.)
- AB Agri Ltd (U.K.)
- Charoen Pokphand Foods PCL (Thailand)
- DBN Group (China)
- Dabaco Group JSC (Vietnam)
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“Aquatic animals, by livestock, is projected to be the fastest-growing segment from 2016 to 2021”
Aquaculture is increasing significantly in the country, primarily due to the increasing awareness regarding health benefits from seafood. The increasing production of aquaculture from the last decade has also helped the increased consumption of feed premix for aquatic animals.
Reasons to buy Chinese Feed Premix Market report:
From an insight perspective, Chinese Feed Premix Market research report has focused on various levels of analyses—industry analysis (industry trends), value chain, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the Chinese feed premix market; its market drivers, restraint, and opportunities.
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The Chinese Feed Premix Market report provides insights on the following pointers:
- Market Penetration: Comprehensive information on Chinese feed premix offered by the top players.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the Chinese feed premix market.
- Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for feed premix across China.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Chinese feed premix market.
- Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of the leading players in the Chinese feed premix market.
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