Global Feed Minerals Market - 2023-2030

Overview

Global Feed Minerals Market reached US$ 2.81 billion in 2022 and is expected to reach US$ 4.27 billion by 2030, growing with a CAGR of 5.4% during the forecast period 2023-2030.

The global feed minerals market has witnessed significant growth and transformations over the years, as minerals provide various benefits such as it helps in the development of bones and teeth, enhancing reproductive health, it helps in improving the immune system by improving disease resistance in animals and helping in maintaining the overall health of animals. Hence, it leads to driving the global feed mineral market.

Furthermore, many manufacturing companies are launching innovative products in order to attract larger consumer bases. For instance, in August 2023, Taiyo Gmbh launched a new product Sunfiber AF is a partially hydrolyzed guar bean fiber, which is 100% natural and water-soluble. Furthermore, it is tasteless, odorless and colorless. When incorporating it into formulas there is no increase of the feed viscosity. It is completely fermentable (prebiotic), supports a healthy gut microbiome and improves mineral absorption in horses, piglets, chickens, cats and dogs.

Additionally, many manufacturing companies are expanding their units to increase the production rate and expand their market size. For instance, in November 2022, Alltech the largest producer of organic minerals for animal nutrition opened its new plant Bioplex, the first organic mineral production facility in Vietnam. Such new plants can help in increasing the market size of feed minerals.

Dynamics

Increase in Demand for High-quality Meat

The increasing demand for high-quality meat products is indeed a significant driver for the animal feed minerals market. As the awareness about food safety and sustainability increases among consumers the demand for high-quality meat in terms of taste, texture, and nutritional content is increasing which shows an impact on animals' diets. The proper mineral in animal diet can contribute to the optimal growth, muscle development, and overall performance of livestock, leading to improved meat quality. Hence, it leads to an increase in the adoption rate.

Furthermore, many manufacturing companies are launching products to help farmers to obtain high-quality products. For instance, in February 2023, the Sher-E-Kashmir Institute of Innovation, Incubation and Entrepreneurship Centre (SKIIE) of SKUAST-Kashmir launched a KashMin. It is a research-based product containing specifically the mineral elements deficient in locally grown fodder, grass and other feed ingredients in proper proportions. It aims to boost milk, meat production and animal fertility that largely depends upon the proper mineral supplementation.

Increase in demand for alternatives to traditional supplements

The increasing demand for alternatives to traditional supplements is driving the animal feed minerals market. The Chelated and complexed minerals are highly preferred as alternatives sourced for traditional inorganic mineral sources. These forms can help in enhancing bioavailability in animals and making it easier to absorb and utilize the minerals. Also, they help in improving the immune system and support gut health. Hence, it leads to an increase in the market.

Furthermore, many manufacturing companies are producing high-quality products in order to expand their market size. For instance, Yara International ASA has produced Bolifor MCP-F which is a feed-grade monocalcium phosphate recommended for use in concentrates, compound feed, mineral feed and other feeds for cattle, pigs, poultry and all animals also including pet food. Such products can help in increasing market growth.

Government Regulations

As consumers are awarness of the food safety is increasing. The governments of different countries often establish maximum permitted levels of specific minerals in animal feed to prevent over-supplementation and potential negative health effects. These limits in feeds can cause in declination of adoption rate for feed minerals in animal farming.

Furthemore, government regulations have shown an impact on the growth of the global feed vitamins market. For instance, Department of Animal Husbandry and Dairying of Government of India report of 2022, the government of India has imposed some regulations on the import of animal feed additives/premix/supplements into India be regulated strictly. Which had reduced the imports 21 million from 2021- 22, has shown a decline in market size.

Segment Analysis

The global feed minerals market is segmented based on type, animal, function, form, distribution channel, source and region.

Increase in Demand for Effective Feed Additives

The microminerals segment holds the largest share of the global feed minerals market. Animal farming manufacturers and farmers are adopting mineral feeds in animal diets as they provide numerous benefits such as zinc, copper, and selenium help to enhance immune system function. They also help to improve animals' resistance to some infections and diseases and improve overall health, hence it leads to an increase in the market for feed minerals.

Furthermore, many manufacturers are launching innovative products in order to attract larger consumer bases. For instance, in July 2020, Avitech Nutrition launched a PERFORMINS an organic mineral glycinate blend with the specifications distinct 4S advantage of Size, Specificity, Solubility and Stability and is designed for enhanced bio-availability, absorption, and animal performance. Performins has been launched in 4 variants - Performins Broiler, Performins Layer, Performins Breeder and Performins Dairy CMZ. Such product launches can help in driving the market.

Geographical Penetration

Increase in Poultry Farming

Asia-Pacific has been a dominant force in the global feed minerals market and its significance has only grown in the post-2020 era. The demand for minerals in the animal's diet is increasing as macro minerals such as calcium and phosphorus are helps in the development and maintenance of strong bones and teeth in animals. Such factors help in increasing the adoption rate of feed minerals.

Furthermore, poultry farming in the region is increasing which helps in increasing the usage of feed minerals. For instance, according to the Department of Agriculture Fisheries and Forestry report of 2023, the Value of pork meat production is $1.7 billion in 2022-23 and $1.8 billion in 2023-24.

Additionally, the Value of poultry meat production is to be $3.5 billion in 2022-23 and $3.6 billion in 2023-24. The increase in the production rate helps in increasing the adoption rate of feed minerals. Also, the minerals help in enhancing the overall health, growth and productivity of livestock and other animals. Hence, it leads to an increase in the market in this region.

Competitive Landscape

The major global players in the market include China National Building Material Group Corporation, CEMEX, S.A.B. de C.V., HOLCIM, Heidelberg Materials, UltraTech Feed Minerals Ltd, InterFeed Minerals , LafargeHolcim, The Siam Feed Minerals Group, Titan Feed Minerals Company S.A. and Votorantim Cimentos.

COVID-19 Impact Analysis

The pandemic has brought a disruption in the supply chain, due to government lockdown restrictions many manufacturing companies have shut down which had limited the exports and imports of the feed, and less availability of products. This had shown a negative impact on the global feed minerals market.

Russia-Ukraine War Impact Analysis

The ongoing conflict between Russia and Ukraine has shown a negative impact on the country's economies, many manufacturing companies had shut down due to disruption in the economy, imports, exports rate, and less employment ratio. This had shown a negative impact on the global feed minerals market.

By Type

• Macro Minerals
• Potassium
• Phosphorous
• Magnesium
• Calcium
• Others
• Micro Minerals
• Zinc
• Iron
• Copper
• Others
• Others

By Animal

• Poultry
• Broiler
• Layers
• Others
• Aquaculture
• Fish
• Shrimp
• Others
• Ruminants
• Beef Cattle
• Dairy Cattle
• Others
• Swine
• Others

By Function

• Growth Promoters
• Immunity Boosters
• Digestion Support
• Bone Development
• Stress Reduction
• Others

By Form

• Organic
• Inorganic

By Distribution Channel

• Company Stores
• E-Commerce
• Hypermarkets/Supermarkets
• Specialty Stores
• Others

By Source

• Natural
• Synthetic
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In January 2023, Novus International, Inc. a Global animal health and nutrition company acquired biotech company Agrivida Inc. Through this acquisition Novus takes ownership of the proprietary INTERIUS™ technology Agrivida developed to embed feed additives inside the grain.
• In October 2022, Cargill acquired Integral Animal Nutrition, a cattle feed producer in Brazil. Through this acquisition, Cargill will purchase 100 percent of Integral's assets, including a production plant located in Goianira, Goias, Brazil, a portfolio of products ranging from Free Choice Minerals to premixes, around 100 employees and a net revenue of 80 million reais ($25 million US) per year.
• In November 2022, Nutreco acquired Mosegarden nutritional activities. Through this acquisition Mosegarden's nutritional activities to Nutreco's local livestock feed business will strengthen the footprint of its Trouw Nutrition brand in Denmark, this enabling the company to hold a sizeable position in the Danish ruminant nutrition market and bringing its portfolio of specialties to a broader number of Danish farmers.

Why Purchase the Report?

• To visualize the global feed minerals market segmentation based on type, animal, function, form, distribution channel, source and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of feed minerals market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global feed minerals market report would provide approximately 81 tables, 89 figures and 186 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies