Feed Mineral Market was worth USD 5.6 billion in 2021 and estimated to be growing at a CAGR of 6.40%, to reach USD 6.9 billion by 2026.
Livestock nurturing and the intake of animal products make a vital contribution to the financial and nutritional wellbeing 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, increasing disposable income in emerging countries, and growing adoption of scientific methods to increase 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. 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.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2021 – 2026 |
|
Base Year |
2020 |
|
Forecast Period |
2022 - 2027 |
|
CAGR |
6.40% |
|
Segments Covered |
Type Animal Type |
|
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 |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
Royal DSM, Cargill Inc., Nutreco NV, Archer Daniels Midland, and Tanke Biosciences Corp |
The Feed Mineral market is segmented based on:
Type:
Macro Minerals:
Micro Minerals:
Animal Type:
Feed Mineral market with more than 80% of the market share. Calcium and potassium are the most used minerals under this category. Under this segment, Ruminant leads the market accounting for more than 40% of the market share. However, horse feed minerals are projected to be the fastest-growing segment in the other category with a CAGR of 8.3%.
North America is the largest market for Feed Minerals followed by Europe, due to the high intake of meat products in these regions. 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.
Major Key Players:
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.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.1 Macro Minerals
5.1.1.1 Potassium
5.1.1.2 Phosphorous
5.1.1.3 Magnesium
5.1.1.4 Calcium
5.1.1.5 Others
5.1.2 Micro Minerals
5.1.2.1 Zinc
5.1.2.2 Iron
5.1.2.3 Copper
5.1.2.4 Others
5.2 By Animal Type
5.2.1 Poultry
5.2.2 Aquaculture
5.2.3 Swine
5.2.4 Ruminant
5.2.5 Others
6. Geographical Analysis
6.1 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.2 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.3 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 South Korea
6.3.6 Australia
6.4 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.5 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Royal DSM
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Cargill Inc.
8.3 Nutreco NV
8.4 Archer Daniels Midland
8.5 Tanke Biosciences Corp
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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