Micro Minerals
Global Feed Minerals Market Size, Share, Growth Analysis, By Type(Macro minerals,Microminerals), By Application(Ruminants,Poultry) - Industry Forecast 2022-2028
Report ID: SQSG15E2028 | Region: Global | Published Date: September, 2022 | Pages: 165
Global Feed Minerals Market Insights
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.
Market snapshot
Largest Segment
Fastest Growth
Micro Minerals
Growth Rate
4.5% CAGR
Global Feed Minerals Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Feed Minerals Market Size by Type, 2022-2028 ($ Bn)
Global Feed Minerals Market Size by Type, 2022-2028 (%)
To get more reports on the above market click here to Buy The Report
Global Feed Minerals Market Segmental Analysis
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.
Global Feed Minerals Market By Type, 2021 (%)
To get detailed analysis on other segments, Request For Sample Report
Global Feed Minerals Market Regional Insights
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.
Global Feed Minerals Market By Geography, 2022 - 2028
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Feed Minerals Market Dynamics
Driver
- 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.
Restraint
- The rise of animal diseases has the potential to slow the expansion of the international feed mineral market. Due to the difficulty of combating these epidemics, these factors might slow down the feed minerals market growth by restraining the demand.
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
Global Feed Minerals Market Competitive Landscape
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 Player’s 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)
Recent Developments
- In August 2022, Nutreco NV announced that the acquisition of a controlling majority share in Eruvaka will enable Nutreco's aquaculture business line Skretting to provide in-house on-farm software and smart equipment to shrimp farmers throughout the world, thereby enhancing their production and lowering their operational risk.
- In July 2022, Kemin Industries introduced ENTEROSURE™ to prevent the growth of harmful germs in poultry and cattle. The newest probiotic solution from the company maintains a healthy microbiome, enhances intestinal resilience, handles gut health issues, and boosts animal productivity.
- In May 2022, Kemin Industries opened a new office and distribution channel in Mexico-based Jalisco.
Global Feed Minerals Key Market Trends
- 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.
- When minerals are bound to chelating agents like amino acids or hydrolyzed proteins, they become more stable and less reactive in the digestive tract. Iron, copper, zinc, manganese, chromium, and selenium are all examples of trace minerals that are often organically bound and used in animal food. It is said that giving animals organic mineral complexes will make them produce more. Organic mineral sources could also be used to reduce the amount of waste they produce, which would help clean up the environment. All these factors will drive the demand for the feed mineral market during the analysis period.
Global Feed 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, 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.
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
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 Global Feed 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 Global Feed 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 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.
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 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.
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.
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
SPEAK TO AN ANALYSTSubscribe & Save
Get lifetime access to our reports
Basic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOW
USA (+1) 617-230-0741
