Feed Mineral Market

Feed Mineral Market Size & Growth (2022 - 2027):

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.

Feed Mineral Market Drivers:

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:

Feed Mineral Market Segmentation:

 The Feed Mineral market is segmented based on:

Type:

Macro Minerals:

• Potassium
• Phosphorous
• Magnesium
• Calcium

Micro Minerals:

• Zinc
• Iron
• Copper

Animal Type:

• Poultry
• Aquaculture
• Swine
• Ruminant
• Others

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%.

The market is geographically divided into:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
• Rest of the World

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.