Global Feed Major Minerals Market Size, Share, Growth Analysis, By Type(Calcium, Phosphorous), By Application(Ruminants, Aquaculture)

Description

Global Feed Major Minerals Market size was valued at USD 3.95 billion in 2021 and is poised to grow from USD 4.1 billion in 2022 to USD 5.79 billion by 2030, growing at a CAGR of 3.9% in the forecast period (2023-2030).

The global feed major minerals market is expected to witness steady growth in the forecast period. Feed major minerals are essential nutrients that are added to animal feed to improve their health and productivity. The demand for feed major minerals is primarily driven by the increasing demand for livestock products such as meat, milk, and eggs. The market is characterized by the presence of several key players that compete based on factors such as price, quality, and product innovation.

Top-down and bottom-up approaches were used to estimate and validate the size of Feed Major Minerals market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report

The global feed major minerals market is segmented based on type, application, and region. Based on type, the market is segmented into calcium, phosphorous, magnesium, potassium, and other minerals. Based on application, the market is segmented into ruminants, aquaculture, swine, poultry, and other animals. Based on region, the global market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Driver The surge in meat and animal product consumption in countries like China, India, and Japan has resulted in a growing requirement for feed additives. These additives provide animals with nutritional benefits and disease prevention, leading to increased profits for farmers. This industry's growth is expected to be significantly driven by the rising demand for primary feed minerals.

Restraint The supply chain of additives is the primary driver of raw material prices in the feed major minerals market. The growth of this market may be constrained due to a shortage of minerals and other raw materials worldwide, which has been witnessed during the COVID pandemic, leading to a slowdown in demand.

Trend The absorption and utilization of nutrients by an animal's metabolism, involving transportation, cellular uptake, and biochemical processes, are referred to as the bioavailability of minerals. However, due to environmental concerns, the use of trace elements in animal feed is limited, making it difficult for cattle farmers to improve feed conversion efficiency without adding more mineral supplements. To improve bioavailability and animal productivity, manufacturers are producing organic versions of inorganic trace elements like copper, zinc, selenium, and chromium. Farmers must educate themselves on organic mineral chelates to influence the market demand for mineral supplements.

Product Code: SQSG30C2032

Executive Summary

Market Overview
Wheel of Fortune
Research Methodology
Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
Drivers
Opportunities
Restraints
Challenges
Key Market Insights
Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition
Market Dynamics & Outlook
Market Dynamics
Drivers
Opportunities
Restraints
Challenges
Regulatory Landscape
Porters Analysis
Competitive rivalry
Threat of Substitute Products
Bargaining Power of Buyers
Threat of New Entrants
Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
Political Impact
Economic Impact
Social Impact
Technical Impact
Environmental Impact
Legal Impact

Global Feed Major Minerals Market by Type

Market Overview
Calcium
Phosphorous
Magnesium
Potassium
Other Minerals

Global Feed Major Minerals Market by Application

Market Overview
Ruminants
Aquaculture
Swine
Poultry
Other Animals
Global Feed Major Minerals Market Size by Region
Market Overview
North America
USA
Canada
Europe
Germany
Spain
France
UK
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East & Africa (MEA)
GCC Countries
South Africa
Rest of MEA
Competitive Landscape
Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
By Development
By Company
By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021
Key Company Profiles
Cargill, Inc. (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
ADM (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
BASF SE (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Bluestar Adisseo Co., Ltd (China)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
DSM (Netherlands)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Nutreco (Netherlands)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Alltech (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Zinpro Corp (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Orffa (Netherlands)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Novus International (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Kemin Industries (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Lallemand, Inc. (Canada)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Virbac (France)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Global Nutrition International (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Dr. Paul Lohmann Gmbh & Co. KGAA (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Biochem Zusatzstoffe Handels (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Merck & Co., Inc. (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Chemlock Nutrition (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Biorigin (Brazil)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Tanke (China)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
JH Biotech, Inc. (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
QualiTech (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments

Global Feed Major Minerals Market Size, Share, Growth Analysis, By Type(Calcium, Phosphorous), By Application(Ruminants, Aquaculture) - Industry Forecast 2023-2030