Feed Minerals Market By Sub Additive (Micromineral, Macromineral), Animal (Aquaculture, Poultry, Ruminants, Swine), & Region for 2024-2031

Feed Minerals Market Valuation – 2024-2031

The increasing need for high-performance animal feed formulations to improve livestock health and productivity is likely to stir up the expansion of Feed Minerals Market. According to the analyst from Market Research, the Feed Minerals Market is estimated to reach a valuation of USD 5.33 Billion over the forecast subjugating around USD 3.79 Billion valued in 2023.

Developments in research and technology are allowing the creation of unique feed mineral compositions matched to individual animal species and production goals, boosting market growth. It enables the market to grow at a CAGR of 4.35% from 2024 to 2031.

Feed Minerals MarketDefinition/ Overview

Feed minerals are essential nutrients that are given to animal feed to promote optimal growth, health, and reproduction in livestock. These minerals include calcium, phosphorus, magnesium, potassium, and trace elements including zinc, copper, iron, selenium, and manganese. They are essential for a variety of physiological processes, including bone growth, muscle contraction, enzyme activation, and immune system activity.

Furthermore, feed minerals contribute to overall animal well-being by ensuring a balanced mineral intake. Also, they boost feed efficiency, reproductive function, and disease resistance, so increasing cattle output and profitability.

How does Increased Demand for Animal Protein Drives the Feed Minerals Market?

Population growth, rising income levels, and shifting dietary choices are all driving up global demand for animal protein, which includes meat, eggs, and dairy products. This rise in demand for animal products needs increased livestock output, which promotes the need for additional nutritional feed, including essential nutrients, to sustain animal health and productivity.

Farmers and animal producers are increasingly conscious of the importance of animal health and nutrition in achieving maximum output and profitability. Minerals serve an important part in animal physiological activities such as bone growth, enzyme activation, and immune system support. As a result, there is a growing demand for mineral-rich feed products that can enhance animal health and performance.

Furthermore, the introduction of new technology and advances in feed production have enabled the development of more effective and efficient mineral supplementation methods. For example, the invention of chelated minerals, which are better absorbed by animals, has a substantial impact on the Feed Minerals Market. These improvements make it easier for producers to add vital nutrients into animal feed at a low cost, driving market growth.

What are the Specific Challenges Hindering Growth of the Feed Minerals Market?

There is an increasing consumer demand for meat, eggs, and dairy products from animals given natural and sustainable diets. This trend is driving the Feed Minerals Market to get more organic and responsibly mined minerals, which are more expensive and difficult to obtain. This trend necessitates adjustments in product development and marketing tactics to suit customer expectations, resulting in significant drivers for the Feed Minerals Market.

The feed industry is constantly looking for new ingredients to cut costs and improve the nutritional content of animal feed. This includes advancements in synthetic minerals, byproducts from other sectors, and plant-based alternatives with comparable nutritional benefits. These alternatives present a challenge to the existing Feed Minerals Market, particularly if they provide economic or ecological benefits.

Category-Wise Acumens

What are the Potential Drivers Shaping the Dominance of Macromineral Segment?

According to analysis, the macromineral segment is estimated to grow at a highest CAGR in the transaction mode segment during the forecast period. Macrominerals are essential for bone structure, osmotic balance, neuron function, and muscle contraction. Their important function in basic physiological processes makes them indispensable in animal diets, resulting in consistent and strong demand in the Feed Minerals Market.

The global expansion of large-scale livestock farming to meet increased demand for meat and dairy products needs efficient and effective nutrition solutions. Macrominerals, which are critical for growth, productivity, and health, are widely used in these operations, leading to their market dominance.

Furthermore, modern agricultural techniques have depleted soil, resulting in crops deficient in key elements such as macrominerals. This has increased the requirement for supplementation in animal feed to ensure that cattle obtain the nutrients they require for maximum health and productivity, pushing up the demand for macrominerals.

Will Demand for Poultry Boost the Market?

The poultry segment is estimated to dominate the Feed Minerals Market during the forecast period. Poultry meat is one of the most popular types of meat worldwide, because of its low cost, high nutritional value, and cultural acceptance in many places. The growing global population and expanding need for protein-rich diets have greatly increased the consumption of poultry products. This jump in demand needs increased chicken production, which raises the demand for feed minerals to ensure the health and productivity of poultry.

With the demand for poultry meat and eggs rising, the poultry industry has quickly embraced intensive farming techniques. These approaches necessitate efficient and effective animal nutrition management to maximize growth rates and feed conversion ratios. Feed minerals play an important part in accomplishing these goals since they are required for bone formation, enzyme systems, and overall health in poultry. The use of carefully developed feeds loaded with vital minerals contributes to the poultry industry’s excellent productivity levels.

Furthermore, poultry animals are prone to a wide range of health concerns and infections, which can have a substantial influence on productivity and profitability. Minerals in feed, such as zinc, selenium, and copper, are essential for boosting poultry immunity and disease resistance. The emphasis on preventive health management through nutrition, rather than relying primarily on antibiotics and treatments, has boosted demand for feed minerals in the poultry segment.

Gain Access into Feed Minerals Market Report Methodology

Country/Region-wise Acumens

How will Feed Minerals Market Fare in Asia Pacific?

According to analyst, Asia Pacific is estimated to dominate the Feed Minerals Market during the forecast period. Asia Pacific is characterised by its fast-expanding livestock business, which is driven by rising protein demand from a vast and growing population. Countries such as China, India, and Southeast Asia have experienced huge increases in poultry, swine, and aquaculture production to suit domestic and international demands. This expansion implies an increase in demand for feed and feed additives, particularly minerals, to ensure the health and productivity of livestock.

To increase efficiency and productivity, the region is switching from traditional farming methods to more intensive commercial farming operations. This trend is especially prominent in nations with growing middle classes and urbanisation, resulting in greater demand for meat, eggs, and dairy products. Intensive farming necessitates the use of carefully prepared feed containing a balanced mix of vital minerals to optimise animal growth, health, and production, bolstering growth of the Feed Minerals Market.

Furthermore, several countries in Asia Pacific have aggressively supported agriculture and livestock sectors with subsidies, investments, and favourable regulations. These projects attempt to improve food security, increase exports, and modernise agriculture. Supportive laws that encourage the use of feed additives and minerals, as well as investments in research and development for sustainable and efficient agricultural practices, all help to drive the region’s Feed Minerals Market forward.

How does Advanced Agricultural Practices Drive the Feeding Minerals Market in North America?

North America, including the United States and Canada, is at the forefront of implementing innovative agricultural methods and technologies. This involves precision farming, genetically modified feed crops, and sophisticated feed formulation processes that maximize nutritional value and animal health. The region’s concentration on research and development in animal nutrition and health is resulting in a better understanding of the importance of minerals in diets. This awareness drives the demand for feed minerals, which improve productivity, efficiency, and sustainability in animal production.

Consumers in North America are increasingly seeking high-quality, sustainably produced animal products. Consumers are more aware of the relationship between animal diet, animal health, and the nutritional value of meat, dairy, and eggs. This increased demand for premium animal products necessitates a larger requirement for feed minerals that can boost animal development, health, and product quality. Furthermore, the movement towards organic and non-GMO goods is generating interest in natural and trace minerals, hence boosting the region’s Feed Minerals Market.

Furthermore, North America has severe animal health and food security regulations that affect the entire livestock production chain, including feed. These regulations require the inclusion of specific minerals in animal feed to ensure the animal welfare and nutritional value of animal products. The regulatory framework encourages feed makers to invest in high-quality feed minerals, fueling market growth. The focus on lowering antibiotic use in livestock farming emphasizes the need for mineral-rich diets that can improve natural disease resistance and animal health.

Competitive Landscape

The Feed Minerals Market is competitive, with a varied range of companies striving for market share and distinctiveness. Major multinational firms dominate the market due to their extensive product portfolios and global reach, which they leverage through economies of scale and distribution networks.

Some of the prominent players operating in the Feed Minerals Market include

Archer Daniels Midland Company (ADM), Alltech, BASF, Cargill, Hansen, DSM, Evonik Industries, Kemin Industries, Land O’Lakes, Novus International, Nutreco, Phibro Animal Health Corporation, SecoMind Chemicals, Sumitomo Chemical, Vetagro, Zinpro Corporation, Adisseo, BI Nutriphile.

Latest Developments

• In February 2024, ADM and Cargill announced a partnership to create sustainable aquaculture feed solutions, which may have an impact on mineral procurement and formulation. This could result in more ethical and environmentally favourable feed options, thereby affecting the cost and availability of specific minerals.
• In February 2024, Sel-Plex ONE, Alltech’s new organic selenium solution, claimed to have better bioavailability and performance. This could result in enhanced animal health, increased production efficiency, and a lower environmental impact due to excess mineral excretion.
• In February 2024, BASF announced an expansion of vitamin A production capacity in China in response to rising Asian demand. This development meets Asia’s expanding need for vitamin A, particularly in poultry and swine feed. While not directly related to minerals, it may have an indirect impact on their procurement and formulation.
• In February 2024, Cargill invested in Israeli precision fermentation business Future Meat Technologies, which could influence future protein and mineral sources for animal feed. This investment in precision fermentation technology has the potential to significantly alter the protein and mineral sources utilised in animal feed.
• In February 2024, Chr. Hansen acquired a majority share in Delacon, a leading developer of botanical feed additives, boosting its mineral-alternative portfolio. This acquisition increases Chr. Hansen’s position in the rapidly expanding industry for plant-based feed additives. These additions can sometimes operate as substitutes for specific minerals, thereby affecting mineral demand in the long term.

Report Scope

Feed Minerals Market, By Category

Sub Additive

• Micromineral
• Macromineral

Animal

• Aquaculture
  1. Fish
  2. Shrimp
  3. Others
• Poultry
  1. Broiler
  2. Layer
  3. Others
• Ruminants
  1. Beef Cattle
  2. Dairy Cattle
  3. Others
• Swine
• Other Animals

Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.