Global Feed Minerals Market – Size, Outlook, Trends and Forecast (2024

Global Feed Minerals Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Minerals are elements that occur combined with natural substances like soil, water, and plants. Minerals in the animal diet are obtained from the plants and water that are consumed by the animal. However, availability of minerals in animal diet is variable. They perform several functions such as bone development, controlling acid-base balances, muscle contraction, and enzyme stimulation. 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 the global food by ensuring safe, ample and reasonably priced proteins.

Global Feed Minerals Market Segments Size & Growth:

Global Feed Minerals Market size is projected to reach approximately $4.06 billion by the end of 2024 with a CAGR of close to 6.34% from $2.99 billion in 2017 during the forecast timeline 2018-2024. The major factors that propel the growth of the Global Feed Minerals Market are an expansion of animal meat market, industrialisation of the livestock industry, livestock disease outbreak fuelling additive market, changing demographics in Asia-Pacific and South America are the key factors that are driving the market growth. However, price volatility of agro-commodities, regulatory framework and competition for raw materials with other industries are the factors that are hindering the growth of the market. On the other hand, the rise in the cost of natural feeds and increasing

Global Feed Minerals Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

demand in Asia-Pacific markets are the major opportunities that drive the market during the forecast period.

Global Feed Minerals Market Segments Share:

Global Feed Minerals Market is segmented by the type which consists of micro minerals and macro minerals. Macro Minerals are further segmented into Potassium, Phosphorous, Magnesium, and Calcium whereas Micro Minerals are further segmented into Zinc, Iron, and Copper. Macro Minerals contributes more than 80% of the global Feed Mineral market share. Calcium and potassium are the most used minerals in this category.

By Animal Type, the global Feed Mineral market is categorised into Poultry, Aquaculture, Swine, Ruminant, and others. Among these segments, Ruminant contributes the largest market share accounting for more than 40% of the market share. However, horse feed minerals are anticipated to be the fastest growing segment in the others category with a CAGR of 8.3%. By Geography, North America is the largest market for Feed Minerals followed by Europe, owing 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 owing to factors including rising consumption of meat, increasing disposable incomes, and growth in the scientific animal nurturing system.

Global Feed Minerals Market Trends:

Bioplex product by Alltech Inc. offers a range of trace minerals that provide mineral nutrition in a form as close to nature as possible. Bioplex minerals

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Global Feed Minerals Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

are trace minerals that are bound to amino acids and a range of peptides.

ADM Animal Nutrition, a division of Archer Daniels Midland Company announced advancements to its highly successful Gro Fast product portfolio for dairy beef.

Global Feed Minerals Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major key players in the Global Feed Minerals Market are:

Alltech Inc.
Archer Daniels Midland Co.
Bio Multimin Inc.
Biochem Lohne Germany
Cargill Inc.

Along with these companies, there were many other companies considered/cited in the report while analysing the Global Feed Minerals Market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

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