The global trace minerals (chelated) feed market was valued at USD 29.25 billion in 2023 and is anticipated to reach USD 30.77 million in 2024 from USD 46.16 billion by 2032, growing at a CAGR of 5.2% from 2024 to 2032.
Chelated trace minerals are also known as organic trace elements that are used in animal feed. They are needed in small quantities but play an important role in the growth and improvement of animal performance. Trace minerals increase the availability of these nutrients to animals and contribute to easy absorption, increasing livestock performance. Growing awareness among consumers of the benefits of these elements has driven demand for chelated trace minerals.
With the increasing demand for meat and meat products and the rising importance of high-protein diets among consumers around the world, the demand for blended foods has increased in Asia-Pacific, North America, and Europe. The Food and Agriculture Organization of the United Nations (FAO) estimates that by 2050, the demand for food products will increase by 60% and that of animal protein by 1.7% annually. The main feed-producing countries in the world are China, the United States, Brazil, Mexico, Spain, India, and Russia.
The rising demand for chicken and red meat in such nations has also supported the expansion of trace minerals in the feed market. An increase in the number of feed mills could also be one of the main factors contributing to the overall increase in compound feed production. Forage products are one of the main factors that add to the total cost of animal production. It represents almost 70% of the total cost of animal production. According to FAO, of the total cost of feed, 95% is used to cover the energy and protein needs of livestock, 3% -4% is used for the main needs of minerals, trace elements, and vitamins, and 1% - 2% for other food additives. Feed manufacturers assemble various grains and their by-products, amino acids, vitamin and mineral supplements, and feed additives at low cost, taking into account the nutrient content and unit cost of each of these products.
Regulatory bodies such as the European Commission and the United States Department of Agriculture (USDA) have outlined the regulatory requirements for various food additives. Over the years, the limits for essential minerals, such as zinc, copper, and manganese have been lowered. However, minerals, such as selenium and chromium, were subjected to an upper limit application, which remained constant. Several changes have been made to the current maximum allowable zinc content in the feed, affecting the global trace minerals in the feed market.
The impact of coronavirus on food consumption has affected the consumption of meat and livestock products and by-products, such as milk and eggs. This is mainly due to forage shortages following the closure of many facilitators and complete closure in most major countries. In addition, there is a greater skepticism among consumers towards the consumption of poultry products due to fear of COVID-19, which is transmitted to humans through consumption. This has reduced the demand for animal feed on the world market. However, trace elements such as zinc are extremely essential in the diet of animals and humans to ensure optimal health. Zinc acts as an antiviral agent by preventing the replication of RNA viruses. It does this by inhibiting RNA-dependent RNA polymerase (RdRP), an enzyme that causes RNA viruses to replicate, such as coronaviruses or many others that are known to affect livestock and poultry. In addition to zinc, the trace elements selenium, copper, and manganese are necessary for the body and play a role in the adaptive and innate immune functions of animals. Countries like Spain, Italy, and Belgium have already included feed supplies in their list of commodities.
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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 |
5.2% |
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Segments Covered |
By chelate type, Based on its shape |
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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 |
Alltech, Bluestar Adisseo, Archer Daniels Midland Company, InVivo NSA, DLG Group, Nutreco N.V., Koninklijke DSM N.V., Kemin Industries, BASF SE, Cargill Inc and others. |
Iron is one of the most important minerals necessary for the optimal functioning of the body. Iron cannot be ingested in its elemental form, so it is available in the form of oxides and carbonates. Red iron oxide, yellow iron oxide, ferrous sulfate, and iron carbonate are used as iron supplements. Ferrous compounds have been approved in recent years. As animal species are often deficient in iron, this causes oxidative stress and anemia, so iron is an important element to include in the diet.
When it comes to livestock, poultry is the segment that accounts for the largest market share as well as the highest growth rate of trace elements in the animal feed market. Global consumption peaked in 2019, and a continued upward trend is expected.
the amino acids segment accounted for the largest market share in 2019. Amino acids are the ideal chelating agents due to their ability to be easily absorbed by the animal body. This is due to the binding of amino acids to mineral molecules that create a more stable structure, helping the minerals to survive in the acidic environment of the stomach. Furthermore, trace elements are protected against various bacteria present in the body of animals and cannot be degraded by enzymes. It also inhibits the antagonistic action between metal ions and reduces the degradation of vitamins in food.
the dry segment accounted for the majority in 2019. In fact, trace elements in dry form are able to withstand climatic conditions and have greater stability. Furthermore, the hygienic supply of these ingredients and the feeding system are relatively easy to manage.
The global Trace Minerals (Chelated) in the Feed market has been divided by geography into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. Europe is expected to dominate the market for chelated trace elements in animal feed during the outlook period due to the increasing need for more nutritious animal feed products. In Europe, strict regulations on food safety and awareness have increased, as well as strong demand for high-quality animal products. The North American market for chelated trace elements is growing at a rapid pace. The United States is the main contributor to the growth of the North American market for chelated trace minerals in animal feed. China, one of the largest producers of animal feed, is a major contributor to the Asia-Pacific market. The need for high-quality meat production drives demands around the world.
Key players in the global Trace Minerals (Chelated) in Feed Market include Alltech, Bluestar Adisseo, Archer Daniels Midland Company, InVivo NSA, DLG Group, Nutreco N.V., Koninklijke DSM N.V., Kemin Industries, BASF SE, Cargill Inc and others.
By Type
By Livestock
By Chelate Type
By Form
By Region
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