Question 1

What is the global market size of Feed Minerals Market?

Accepted Answer

The global feed minerals market was valued at US$ 4.18 Billion in 2021, and it is expected to reach a value of US$ 5.8 Billion by 2028, at a CAGR of 4.5% over the forecast period (2022–2028).

Question 2

Who are the key vendors in the Global Feed Minerals Market?

Accepted Answer

The feed minerals market is relatively fragmented, with a high level of competition. Few large players, like Cargill Inc., BASF SE, and Kemin Industries, 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. Top Players Company Profiles 'Cargill Inc. (US)', 'BASF SE (Germany)', 'Kemin Industries (US)', 'DSM NV (Netherlands)', 'Nutreco NV (Netherlands)', 'Bio Multimin Inc. (US)', 'Biochem Lohne (Germany)', 'Davidsons Animal Feeds (UK)', 'Intas Pharmaceuticals (India)', 'Alembic Pharmaceuticals Ltd (India)', 'Mercer Milling Co. Inc. (US)', 'Novus International Inc. (US)', 'Pancosma SA (Switzerland)', 'Phibro Animal Health Corporation (US)', 'QualiTech Corp. (US)', 'Ridley Inc. (US)', 'Tanke Biosciences Corp. (China)', 'Vamso Biotec Pvt. Ltd (India)', 'Zinpro Corp. (US)'

Question 3

What is the key driver of Global Feed Minerals Market?

Accepted Answer

The rising demand for premium meat in the processing sector is a key factor fueling the expansion of the global feed mineral market. Farmers from developing countries are becoming more educated, which has contributed to a rise in the need for feed minerals in nations like India, China, Mexico, Brazil, South Africa, and others. Growth in the worldwide feed mineral market can be attributed to the livestock industry's increasing reliance on scientific ways to raise output and guarantee a consistent supply of meat in the market.

Question 4

What is the key market trend for Global Feed Minerals Market?

Accepted Answer

The recent trends for feed minerals are “Chelated Minerals” which are organic trace minerals that are made to help the body absorb and use minerals better. In the digestive tract, the inorganic minerals may react with fiber, phytate, tannin, oxalate, silicates, or other minerals, which could stop them from being absorbed. Organic minerals are protected from these kinds of interactions, which is one reason why they are easier for the body to use.

Question 5

Which region accounted for the largest share in Global Feed Minerals Market?

Accepted Answer

In terms of revenue, Asia Pacific accounted for the largest market share in the feed mineral market in the year 2021. The rising demand for meat and animal products to meet the protein needs of the growing population is one of the main reasons propelling the expansion of the animal feed additives market in the country. When it comes to milk production, India dominates the international stage. Nonetheless, milk production per cow is low because Indian farmers feed their cows raw agricultural waste like cotton cake and husks. The rising demand for milk means that more processed feed will be needed to raise animal production, driving up the need for feed additives in the country. Over the predicted period, the Asia-Pacific region will continue to be the largest market for Feed Minerals due to its vast and rising production base of livestock and its large feed production capacity.