Animal Feed Micronutrients Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the global Animal Feed Micronutrients Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers a detailed understanding of the market landscape, helping stakeholders make well-informed decisions.

Key Insights:

Animal Feed Micronutrients Market Size (2024E): US$1.72 Bn
Projected Market Value (2031F): US$2.83 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 6.5%

Animal Feed Micronutrients Market - Report Scope:

The Animal Feed Micronutrients Market focuses on micronutrients such as vitamins, minerals, and trace elements that are added to livestock feed to improve the health, productivity, and efficiency of animals. Micronutrients play a crucial role in enhancing animal growth, disease resistance, and reproductive performance. The market is driven by increasing demand for high-quality animal protein, rising concerns over animal health, and the need to improve feed efficiency. These nutrients are essential for ensuring proper metabolism and the development of livestock, helping farmers meet the growing global demand for animal products.

Market Growth Drivers:

Several factors are contributing to the expansion of the global Animal Feed Micronutrients Market, including rising awareness about animal nutrition, the growing livestock industry, and increasing consumption of meat and dairy products. The push for higher productivity in livestock farming, especially in developing regions, is driving the adoption of micronutrient-enriched feed. Moreover, technological advancements in animal nutrition and increasing focus on preventing animal diseases are further propelling market growth.

Market Restraints:

Despite the positive outlook, the Animal Feed Micronutrients Market faces challenges such as fluctuating prices of raw materials and the high cost of premium feed. Additionally, a lack of awareness about the benefits of feed micronutrients in some regions and the complexity of balancing micronutrients in feed formulations are hindering market growth. Regulatory restrictions regarding the use of certain feed additives and the risk of over-supplementation, leading to health issues in animals, also pose potential obstacles to market expansion.

Market Opportunities:

The Animal Feed Micronutrients Market offers significant growth opportunities, particularly in regions where livestock farming is expanding rapidly. Innovations in feed formulations and the development of customized micronutrient blends tailored to specific livestock needs are creating new avenues for market growth. The growing focus on sustainable farming practices and the need for healthier, disease-resistant animals are encouraging the adoption of micronutrient-enhanced feed. Companies can capitalize on these opportunities by expanding their product portfolios, collaborating with farmers, and focusing on research and development to enhance feed efficiency.

Key Questions Answered in the Report:

What are the primary factors driving the global growth of the Animal Feed Micronutrients Market?
Which regions and market segments are leading the adoption of animal feed micronutrients?
How are advancements in animal nutrition influencing market dynamics?
Who are the key players in the Animal Feed Micronutrients Market, and what strategies are they employing to remain competitive?
What are the emerging trends and future prospects in the global Animal Feed Micronutrients Market?

Competitive Intelligence and Business Strategy:

Leading companies in the global Animal Feed Micronutrients Market, such as Cargill, Archer Daniels Midland (ADM), Nutreco, and Zinpro Corporation, are focusing on product innovation, quality control, and strategic collaborations to maintain a competitive advantage. These companies are investing in research and development to create new formulations that enhance feed efficiency and animal health. Collaborations with feed manufacturers, farmers, and research institutions are critical for expanding market reach. Emphasizing the benefits of feed micronutrients through farmer education and transparent marketing practices will be key to driving adoption and maintaining a leadership position in the market.

Key Companies Profiled:

Cargill, Inc.
Archer Daniels Midland Company
BASF SE
Koninklijke DSM N.V.
Zinpro Corporation
Nutreco N.V.
Kemin Industries
Alltech, Inc.
Novus International, Inc.
Balchem Corporation
Lallemand Inc.

Animal Feed Micronutrients Industry Research by Category:

By Form

Solid
Liquid

By Type

Vitamins
Minerals

By Animal Type

Ruminants
Poultry
Swine
Aquaculture

By Region

North America
Latin America
Europe
South Asia & Oceania
East Asia
The Middle East & Africa

Product Code: PMRREP3306

1. Executive Summary

1.1. Global Animal Feed Micronutrients Market Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Global Healthcare Spending Outlook
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Product Adoption Analysis
3.2. Epidemiology - Deafness and Hearing Loss
3.3. Technology Assessment
3.4. Regulatory Landscape
3.5. Value Chain Analysis
- 3.5.1. List of Form/Marketplaces
  - 3.5.1.1. Retail
  - 3.5.1.2. E-Commerce
- 3.5.2. List of End User (Industry)
3.6. Key Deals and Mergers
3.7. PESTLE Analysis
3.8. Porter's Five Force Analysis

4. Price Trend Analysis, 2019-2031

4.1. Key Highlights
4.2. Key Factors Impacting Form Prices
4.3. Pricing Analysis, By Form
4.4. Regional Prices and Form Preferences

5. Global Animal Feed Micronutrients Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

5.1. Key Highlights
- 5.1.1. Market Volume (Units) Projections
- 5.1.2. Market Size (US$ Bn) and Y-o-Y Growth
- 5.1.3. Absolute $ Opportunity
5.2. Market Size (US$ Bn) Analysis and Forecast
- 5.2.1. Historical Market Size (US$ Bn) Analysis, 2019-2023
- 5.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2024-2031
5.3. Global Animal Feed Micronutrients Market Outlook: Form
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Form, 2019-2023
- 5.3.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Form, 2024-2031
  - 5.3.3.1. Solid
  - 5.3.3.2. Liquid
5.4. Market Attractiveness Analysis: Form
5.5. Global Animal Feed Micronutrients Market Outlook: Type
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Bn) Analysis, By Type, 2019-2023
- 5.5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024-2031
  - 5.5.3.1. Vitamins
  - 5.5.3.2. Minerals
5.6. Market Attractiveness Analysis: Type
5.7. Global Animal Feed Micronutrients Market Outlook: By Animal Type
- 5.7.1. Introduction / Key Findings
- 5.7.2. Historical Market Size (US$ Bn) Analysis, By Animal Type, 2019-2023
- 5.7.3. Current Market Size (US$ Bn) Analysis and Forecast, By Animal Type, 2024-2031
  - 5.7.3.1. Ruminants
  - 5.7.3.2. Poultry
  - 5.7.3.3. Swine
  - 5.7.3.4. Aquaculture
5.8. Market Attractiveness Analysis: By Animal Type

6. Global Animal Feed Micronutrients Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Region, 2019-2023
6.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Region, 2024-2031
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America Animal Feed Micronutrients Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By Form
- 7.3.3. By Type
- 7.3.4. By Animal Type
7.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 7.4.1. U.S.
- 7.4.2. Canada
7.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Form, 2024-2031
- 7.5.1. Solid
- 7.5.2. Liquid
7.6. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024-2031
- 7.6.1. Vitamins
- 7.6.2. Minerals
7.7. Current Market Size (US$ Bn) Analysis and Forecast, By Animal Type, 2024-2031
- 7.7.1. Ruminants
- 7.7.2. Poultry
- 7.7.3. Swine
- 7.7.4. Aquaculture
7.8. Market Attractiveness Analysis

8. Europe Animal Feed Micronutrients Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Form
- 8.3.3. By Type
- 8.3.4. By Animal Type
8.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 8.4.1. Germany
- 8.4.2. France
- 8.4.3. U.K.
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Turkey
- 8.4.8. Rest of Europe
8.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Form, 2024-2031
- 8.5.1. Solid
- 8.5.2. Liquid
8.6. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024-2031
- 8.6.1. Vitamins
- 8.6.2. Minerals
8.7. Current Market Size (US$ Bn) Analysis and Forecast, By Animal Type, 2024-2031
- 8.7.1. Ruminants
- 8.7.2. Poultry
- 8.7.3. Swine
- 8.7.4. Aquaculture
8.8. Market Attractiveness Analysis

9. East Asia Animal Feed Micronutrients Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Form
- 9.3.3. By Type
- 9.3.4. By Animal Type
9.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. South Korea
9.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Form, 2024-2031
- 9.5.1. Solid
- 9.5.2. Liquid
9.6. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024-2031
- 9.6.1. Vitamins
- 9.6.2. Minerals
9.7. Current Market Size (US$ Bn) Analysis and Forecast, By Animal Type, 2024-2031
- 9.7.1. Ruminants
- 9.7.2. Poultry
- 9.7.3. Swine
- 9.7.4. Aquaculture
9.8. Market Attractiveness Analysis

10. South Asia & Oceania Animal Feed Micronutrients Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Form
- 10.3.3. By Type
- 10.3.4. By Animal Type
10.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 10.4.1. India
- 10.4.2. Southeast Asia
- 10.4.3. ANZ
- 10.4.4. Rest of South Asia & Oceania
10.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Form, 2024-2031
- 10.5.1. Solid
- 10.5.2. Liquid
10.6. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024-2031
- 10.6.1. Vitamins
- 10.6.2. Minerals
10.7. Current Market Size (US$ Bn) Analysis and Forecast, By Animal Type, 2024-2031
- 10.7.1. Ruminants
- 10.7.2. Poultry
- 10.7.3. Swine
- 10.7.4. Aquaculture
10.8. Market Attractiveness Analysis

11. Latin America Animal Feed Micronutrients Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 11.3.1. By Country
- 11.3.2. By Form
- 11.3.3. By Type
- 11.3.4. By Animal Type
11.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 11.4.1. Brazil
- 11.4.2. Mexico
- 11.4.3. Rest of Latin America
11.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Form, 2024-2031
- 11.5.1. Solid
- 11.5.2. Liquid
11.6. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024-2031
- 11.6.1. Vitamins
- 11.6.2. Minerals
11.7. Current Market Size (US$ Bn) Analysis and Forecast, By Animal Type, 2024-2031
- 11.7.1. Ruminants
- 11.7.2. Poultry
- 11.7.3. Swine
- 11.7.4. Aquaculture
11.8. Market Attractiveness Analysis

12. Middle East & Africa Animal Feed Micronutrients Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

12.1. Key Highlights
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2023
- 12.3.1. By Country
- 12.3.2. By Form
- 12.3.3. By Type
- 12.3.4. By Animal Type
12.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 12.4.1. GCC Countries
- 12.4.2. Egypt
- 12.4.3. South Africa
- 12.4.4. Northern Africa
- 12.4.5. Rest of Middle East & Africa
12.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Form, 2024-2031
- 12.5.1. Solid
- 12.5.2. Liquid
12.6. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024-2031
- 12.6.1. Vitamins
- 12.6.2. Minerals
12.7. Current Market Size (US$ Bn) Analysis and Forecast, By Animal Type, 2024-2031
- 12.7.1. Ruminants
- 12.7.2. Poultry
- 12.7.3. Swine
- 12.7.4. Aquaculture
12.8. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2024
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. CHR. Hansen Holdings A/S
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Products
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
- 13.3.2. Market Strategy
- 13.3.3. Lallemand Inc.
- 13.3.4. Novus International
- 13.3.5. DSM
- 13.3.6. BASF SE
- 13.3.7. Alltech
- 13.3.8. ADM
- 13.3.9. Charoen Popkphand Foods PCL
- 13.3.10. Associated British Foods Plc
- 13.3.11. Cargill Incorporated
- 13.3.12. Purina Animal Nutrition LLC
- 13.3.13. Zinpro Corp
- 13.3.14. Dallas Keith
- 13.3.15. Balchem Inc.
- 13.3.16. Kemin Industries, Inc.

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations