USD 3.95 billion
Feed Major Minerals Market Size, Share, Growth Analysis, By Type(Calcium, Phosphorous, Magnesium, Potassium), By Application(Ruminants, Aquaculture, Swine, Poultry), By Region - Industry Forecast 2024-2031
Report ID:
SQSG30C2032 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
67
|Figures:
75
Feed Major Minerals Market Insights
Global Feed Major Minerals Market size was valued at USD 3.95 billion in 2019 and is poised to grow from USD 4.1 billion in 2023 to USD 5.79 billion by 2031, growing at a CAGR of 3.9% in the forecast period (2024-2031).
The secretion of enzymes and hormones, both of which are necessary for the body to carry out its many functions, is regulated by minerals, which are important for keeping animals healthy. Examples of macro or major minerals in animal feed that are necessary for production and good health are calcium, phosphorus, magnesium, sodium, potassium, chloride, and sulfur. Mineral deficiencies, which can cause illnesses and other weaknesses in animals were caused due to the growing demand for animal products and the increasing productivity of animals. Avoiding these outcomes is as simple as ensuring that feed contains sufficient mineral supplementation, which is profitable for the farmer and drives demand for minerals during the analysis period.
US Feed Major Minerals Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Calcium
Fastest Growth
Calcium
Growth Rate
3.9% CAGR
Global Feed Major Market Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Feed Major Minerals Market Segmental Analysis
Feed Major Minerals Market is segmented based on type, application, and region. Based on type, the Feed Major Minerals Market is segmented into calcium, phosphorous, magnesium, potassium, and other minerals. Based on application, the Feed Major Minerals Market is segmented into ruminants, aquaculture, swine, poultry, and other animals. Based on region, the global Feed Major Minerals Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Feed Major Minerals Market Analysis by Type
In 2021, calcium accounted for more than 32% of the global feed major minerals market and was followed by chlorine during the same year. The use of calcium is very evident in the animal feed industry as its important for bone growth and strength while also improving muscle strength and longevity to prevent disease this is the major reason for this dominance in the animal feed industry. Growing demand for animal derivatives globally has increased the demand for additives for attaining better production from them and meeting the increasing demand these all factors are driving the demand for calcium in feed major minerals during the forecast period.
Feed Major Minerals Market Analysis by Application
Based on the application of major minerals, the poultry segment accounted for the largest market share in the year 2021 and is expected to dominate throughout the analysis period. Increasing demand for poultry meat and eggs is the major reason for this dominance. The layer feed industry extensively uses calcium in the layer to maintain the shell quality and health of egg-laying birds which is driving the demand throughout the analysis period.
Global Feed Major Market Market By Type, 2021 (%)
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Feed Major Minerals Market Regional Insights
In 2021, Asia Pacific dominated the feed major mineral market globally and is expected to do so during the analysis period. The increasing population and growing economies such as India, China, and Japan are driving the demand for animal-sourced protein food in the region. This trend is to grow in the coming time which will drive the demand for feed additives as these provide nutritional benefits and prevent diseases in animals which increase profits for the farmer. These are some of the major factors for increasing the demand for major feed minerals demand during the forecast period.
Global Feed Major Market Market By Geography, 2022 - 2028
- Largest
- Fastest
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Feed Major Minerals Market Dynamics
Feed Major Minerals Market Driver
Increasing the demand for meat and other animal products.
- Growth in countries like India, China, and Japan has increased the need for meat and other animal products. Demand for feed additives, which give nutritional advantages and prevent diseases in animals and so boost earnings for the farmer, is expected to rise the next time as a result of this trend. These are some of the most important drivers of the projected rise in demand for main feed minerals.
Feed Major Minerals Market Restraint
The increasing costs of production restrain the market growth.
- As far as the use of additives goes the major factor driving the price of the raw materials are supply chain of the material. As we have witnessed a shortage of minerals and other raw materials globally during the COVID pandemic same could restrain the feed major minerals market growth and slow down the demand for feed major minerals market growth.
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Feed Major Minerals Market Competitive Landscape
The feed major minerals market is relatively fragmented, with a high level of competition. Few large players, like Cargill, Inc., DSM, and BASF SE, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Feed Major Minerals Market Top Player’s Company Profiles
- Cargill, Inc.
- Archer Daniels Midland Company
- Nutreco N.V.
- DSM Nutritional Products AG
- Alltech, Inc.
- Balchem Corporation
- BASF SE
- Kemin Industries, Inc.
- Novus International, Inc.
- Phibro Animal Health Corporation
- Zinpro Corporation
- Bio Agri Mix LP
- Pancosma SA
- QualiTech Corporation
- Ridley Inc.
- Aries Agro Limited
- Tanke International Group
- Novotech Nutraceuticals, Inc.
- Agrimin Limited
- Charkit Chemical Company LLC
Feed Major Minerals Market Recent Developments
- In July 2022, Virbac announce the launch of TENOTRYLTM (enrofloxacin) injectable solution for use in cattle and swine in the US. This injectable solution is presented in 100, 250, and 500 ml vials.
- In June 2022, Natural food production and consumption of animal-based goods are increasing as a result of consumer preference. The use of plant-based feed additives in animal nutrition has tremendous expansion potential. Cargill, the world's largest agricultural firm, has announced that it has entered into a legally binding agreement to buy Delacon, the industry's preeminent provider of phytogenic additives derived from plants.
- In May 2022, Kemin Industries opened a new office and distribution channel in Mexico-based Jalisco.
Feed Major Minerals Key Market Trends
- Bioavailability of the minerals describes the number of nutrients an animal's metabolism can absorb and use. Consumption includes transport, cellular uptake, and biochemical change. Due to constraints on trace elements in feed to address environmental problems, cattle ranchers can't boost feed conversion efficiency without adding more mineral supplements. Manufacturers are developing organic versions of inorganic trace elements to increase bioavailability and animal productivity. Copper, zinc, selenium, and chromium are organic trace elements. To alter market demand for mineral supplements, farmers must learn about organic mineral chelates.
Feed Major Minerals Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, Animal feed is regulated by minerals, which are important for keeping animals healthy. Examples of macro or major minerals in animal feed that are necessary for production and good health are calcium, phosphorus, magnesium, sodium, potassium, chloride, and sulfur. The Asia Pacific dominated the feed major minerals market globally and is expected to do so during the analysis period. The growing demand for animal derivatives globally has increased the demand for additives. The poultry segment accounted for the largest market share in the year 2021. Increasing demand for poultry meat and eggs is the major reason for this dominance. This trend is to grow in the coming time which will drive the demand for feed additives as these provide nutritional benefits and prevent diseases in animals which increase profits for the farmer.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.95 billion |
| Market size value in 2031 | USD 5.79 billion |
| Growth Rate | 3.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Feed Major Minerals Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Feed Major Minerals Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Feed Major Minerals Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Feed Major Minerals Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Feed Major Minerals Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Feed Major Minerals Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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