The global feed mineral market was valued at USD 6.34 billion in 2023 and is anticipated to reach USD 6.75 billion in 2024 from USD 11.08 billion by 2032, growing at a CAGR of 6.40% from 2024 to 2032.
Livestock nurturing and the intake of animal products make a vital contribution to the financial and nutritional well-being of millions of individuals around the world. Feed Minerals play a prominent role in global food by ensuring safe, ample, and reasonably priced proteins.
Natural substances such as soil, water, and plants contain elements such as minerals that are provided to the animals to maintain their health. They perform several functions such as bone development, controlling acid-base balances, muscle contraction, and enzyme stimulation.
Currently, the feed mineral market is exhibiting favourable signs of growth. Livestock nurturing and the intake of animal products make a vital contribution to the financial and nutritional well-being of millions of individuals around the world. Feed Minerals play a prominent role in global food by ensuring safe, ample, and reasonably priced proteins. Natural substances such as soil, water, and plants contain elements such as minerals that are provided to the animals to maintain their health. They perform several functions such as bone development, controlling acid-base balances, muscle contraction, and enzyme stimulation.
The growth of the global Feed Mineral market is majorly driven by factors such as increasing demand for mineral-rich animal meat, rising disposable income in emerging countries, and growing adoption of scientific methods to boost meat production. Also, another factor that is further expected to increase the intake of feed minerals is the huge demand for high-quality meat from the meat processing industry. The demand for superior-quality meat with regard to nutrient content, texture, and taste is rising because customers are progressively turning health-conscious. The inclusion of minerals in animal feed rations is essential for achieving optimal performance, muscle development, and growth in livestock, ultimately resulting in better meat quality. Consequently, this trend fuels a rising demand for this.
The surge in disposable income in emerging nations is another propellent influencing the market growth. As spending power rises, the appetite for premium-quality animal products also expands. Producers are responding by making sure that their livestock are well-nourished, which adds to the development of the feed mineral market.
Further, pet nutrition is also a domain where the demand and consumption of this is significant and, as a result, takes the market forward. The burgeoning popularity of companion animals is believed to boost the need for these nutrients. Like the ones on the farm, pets also require a healthy diet that provides the minerals essential for their well-being and growth.
Besides, there is also a considerable uptick in the need for mineral feed supplements, especially within dairy farming, contributing to the progress of this market. A well-balanced animal food plays a critical role in maintaining the profitability of dairy farms by substantially improving milk cow productivity. Therefore, makers are progressively prioritising feeds that contain essential nutrients and minerals in adequate proportions for cattle diets.
However, factors such as stringent government rules on the usage of certain minerals and the rising cost of raw materials are impeding the growth of the market. As per industry experts, the primary factor affecting the feed mineral market is legislation. The market operates within a strict legal framework for product safety and effectiveness. However, meeting these regulatory requirements can be complex and expensive, which might slow down market expansion.
Exorbitant costs of raw materials have been recognized as a hindrance to the augmentation of the market growth. It is similar to issues encountered in many other markets. The expenses associated with the raw materials used in production processes for livestock or trace minerals can greatly impact total production expenditure, potentially leading to reduced economic feasibility for farmers.
The future of the feed mineral market appears promising due to the emerging trends, and growing focus on quality and sustainability. In future, the market is likely to continue expanding owing to escalating demand for livestock products in the world. As the population increases and dietary preferences shift towards higher protein consumption, the need for effective animal food formulations will drive the consumption of essential minerals and market forward. Moreover, regional industries across the globe are witnessing that customers are progressively worried about the safety and quality of animal goods. This trend will probably lead to greater emphasis on superior quality feed minerals to enhance animal health.
Besides these, the whole agricultural food industry has been centring upon resource productivity which is propelled by the net zero objectives and consumer demands for tenable or viable food production. Maximising nutrient efficiency in agricultural production will be increasingly vital for facilitating the green transition. Consequently, this will impose new demands on testing cost-effectiveness and capabilities, coupled with management of data, including test results.
The rising prevalence of animal disease outbreaks is one of the challenges that impede the expansion of the feed mineral market globally. Experts suggest that such diseases may lower demand for mineral feed supplements, both by causing a decline in livestock numbers and by being hard to manage effectively.
Apart from this, the side effects associated with mineral feed, like muscle cramps, diarrhoea, and constipation, are considered key barriers to market growth. Research workers have noted that these adverse impacts could reduce the demand for dietary mineral for livestock by negatively influencing the welfare and health of animals.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
6.40% |
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Segments Covered |
Type, Animal Type and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Royal DSM, Cargill Inc., Nutreco NV, Archer Daniels Midland, and Tanke Biosciences Corp |
The aquaculture segment is the rapidly expanding field in the feed mineral market and the growth rate is expected to remain positive throughout the forecast period. This progress can be attributed to the escalating demand for seafood and fish around the world which is stoking up the requirement of premium-quality mineral feed supplements in this segment. These minerals are crucial for the ideal health and expansion of aquatic or marine species.
Under this segment, Ruminant leads the market accounting for more than 40% of the market share. This segment, comprising sheep and cattle, holds great significance in this market. These animals need a variety of nutrients for their reproductive health, milk production, and growth, which is one of the factors augmenting their market share. In addition, heightening consumption of meat and milk products is accelerating the development of this segment in the feed mineral market.
Whereas, the poultry segment accounts for a substantial share of this market. This is because they require a balanced diet, containing the necessary minerals, for their progress, egg production, and full health. Besides this, a growing appetite for poultry eggs and meat around the world supports the expansion of this segment.
However, horse feed minerals were previously projected to be the fastest-growing segment in the other category with a CAGR of 8.3%.
Feed Mineral market with more than 80% of the market share. Calcium and potassium are the most used minerals under this category. This dominance can be because of the nutritional necessity, rising awareness about animal health, and regulatory guidelines. Further, calcium is important for several critical functions in animals, including nerve transmission, blood clotting, muscle contraction, and bone development. It is especially important for dairy cows, as it supports milk production and overall skeletal health. Moreover, common sources of this segment in animal feeds comprise dicalcium phosphate, calcium carbonate, and limestone.
On the other hand, potassium also holds a notable share of this market. One of the main drivers of the segment’s market size is its cost-effectiveness. Its sources like potassium carbonate and potassium chloride are comparatively inexpensive and easy to integrate in feed formulations. This makes it a cheap solution for maintaining adequate intake of minerals in livestock diets. Also, it has the ability to prevent metabolic disorders, such as milk fever and grass tetany, which are more likely to occur at the time of imbalance of nutrients in daily eating.
North America is the largest market for Feed Minerals, due to the high intake of meat products in these regions. The United States commands the regional market and experienced notable mergers and acquisitions in recent years. Market players in the country are focusing on increasing product offerings in their portfolios and strengthening supply chain and distribution activities amid cost fluctuations and external factors, shaping the industry in the country. In addition, Iowa, Texas, and California are the top animal-food-consuming states in the U.S. On the other hand, in Canada, the feed and commodity sector is highly complicated. Some companies are limited to provincial operations, whereas certain cooperatives including COOP Canada, function in all ten provinces. Further, a significant number of farmers in Manitoba, Saskatchewan, and Alberta are responsible for formulating the feed for their animals. Apart from this, one of the major players in feed production in Canada is Cargill, holding a notable market share in the country. Also, there are around 600 producers of feed, out of these about 80 are present in Alberta.
The Asia Pacific throughout the estimation period is expected to become the leading feed mineral market overtaking North America. It is propelled by a growing animal production and substantial feed making capabilities. Furthermore, the market share of the APAC region is also rising due to the expanding industrialization of livestock farming which is aimed at satisfying the growing need for animal protein sources, resulting in an enhanced focus on optimal nutrition for livestock in this area. Apart from these, the developing markets of Asia-Pacific most significantly India and China, account for the high growth rate due to factors such as rising consumption of meat, increasing disposable incomes, and growth in the scientific animal nurturing system.
Europe represents another significant feed mineral market. The region’s strict laws and guidelines concerning animal welfare and health are escalating the demand for premium-quality nutrients and minerals.
The major players in the market are fixated on broadening their distribution networks to cater to the wider market. Investment in the production process is another tactic adopted by the manufacturers to decrease the expenses incurred. The major companies dominating the global Feed Mineral market are Royal DSM, Cargill Inc., Nutreco NV, Archer Daniels Midland, and Tanke Biosciences Corp.
By Type
Macro Minerals
Micro Minerals
By Animal Type
By Region
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