Micro Minerals
Report ID: SQSG15E2028 | Region: Global | Published Date: September, 2022 | Pages: 165
Global Feed Minerals Market was valued at USD 4.18 Billion in 2021, and it is expected to reach a value of USD 5.8 Billion by 2028, at a CAGR of 4.5% over the forecast period (2022–2028).
To promote optimal development, health, and disease resistance in livestock, feed additives like minerals are routinely used. For higher quality and more consistent standards in animal-based goods, it is necessary to supplement feed with externally administered trace elements and minerals that the body cannot create in sufficient quantities. To keep up with the rising demand for animal protein, the livestock industry is becoming increasingly mechanized. This shift has led to a renewed emphasis on providing livestock with the best possible diets, and this trend is expected to fuel the rapid expansion of the global feed minerals market in the coming years.
Largest Segment
Micro Minerals
Fastest Growth
Micro Minerals
Growth Rate
4.5% CAGR
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The Global Feed Minerals Market is segmented based on type, application, and region. Based on type, the market is segmented into microminerals and macro minerals. Based on application, the market is segmented into ruminants, poultry, swine, aquaculture, and other animal types. Based on region, the global Feed Minerals market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Type
In 2021, the feed mineral market was dominated by the micromineral segment and is expected to hold the same dominance throughout the analysis period. The elements chromium, cobalt, copper, fluorine, iodine, iron, manganese, molybdenum, selenium, and zinc are all microminerals. For healthy livestock and animals, the micromineral content of pastures needs to be checked every so often. Deficiency can also cause anemia and make you more likely to get infections. So, this could make the demand for micro minerals in the feed industry go up even more.
Changes in the environment and the quality of the water in countries like Vietnam, which have a lot of intensive agriculture, can cause stress that can only be treated by adding minerals with microelements. So, this has made farmers want more minerals in the compound feed they use. Farmers use pellets of these feeds, which have minerals in them, as extra feeds for their animals. Companies in the market are coming up with new products to meet the growing demand for microminerals around the world. For example, Micronutrients USA and Kemin Industries worked together to make IntelliBond® minerals, which have six trace minerals to improve the performance of dairy and beef cattle. The introduction of these kinds of products will help the microminerals segment grow in several ways and drive the feed mineral market during the forecast period.
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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.
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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.
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According to our analysis, to promote optimal development, health, and disease resistance in livestock, feed additives like minerals are routinely used. The Global Feed Minerals Market is segmented based on type, application, and region. North America, Europe, Asia-Pacific, South America, and MEA hold the largest share of the market. 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. Farmers use pellets of these feeds, which have minerals in them, as extra feeds for their animals.
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Feed 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 Global Feed 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Feed Minerals Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Feed 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.
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Basic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOWThe global feed minerals market was valued at US$ 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).
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.'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)'
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.
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.
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.
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Product ID: SQSG15E2028