PUBLISHER: SkyQuest | PRODUCT CODE: 1624145
PUBLISHER: SkyQuest | PRODUCT CODE: 1624145
Global Feed Major Minerals Market size was valued at USD 4.1 billion in 2023 and is poised to grow from USD 4.26 billion in 2024 to USD 5.79 billion by 2032, growing at a CAGR of 3.9% during the forecast period (2025-2032).
Market insights reveal that minerals play a crucial role in maintaining animal health by regulating enzyme and hormone secretion necessary for various bodily functions. Key macro minerals such as calcium, phosphorus, magnesium, sodium, potassium, chloride, and sulfur are essential for optimal production and overall well-being in livestock. As the demand for animal products rises alongside increased productivity, mineral deficiencies have been identified as a significant concern, potentially leading to health issues and decreased performance in animals. By ensuring adequate mineral supplementation in feed, farmers can mitigate these risks, promote animal health, and enhance productivity, ultimately driving greater demand for mineral supplements throughout the analysis period. This presents a profitable opportunity for both farmers and suppliers in the animal nutrition market.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global 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 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.
Global Feed Major Minerals Market Segmental Analysis
Global Feed Major Minerals Market is segmented by 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 market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Feed Major Minerals Market
The global feed major minerals market is witnessing significant growth driven by the rising demand for meat and other animal products, particularly in rapidly developing countries such as India, China, and Japan. As these nations continue to experience economic expansion and population growth, the consumption of animal-based food products is steadily increasing. This surge in demand is projected to elevate the need for feed additives, which not only enhance the nutritional profile of animal diets but also help improve health and mitigate disease, ultimately leading to higher profitability for farmers. Consequently, this trend is a key factor propelling the anticipated increase in demand for essential feed minerals in the market.
Restraints in the Global Feed Major Minerals Market
The Global Feed Major Minerals market is facing significant constraints primarily due to rising production costs. A crucial factor influencing the price of raw materials, particularly additives, is the supply chain dynamics. The global shortage of minerals and essential raw materials experienced during the COVID-19 pandemic has highlighted vulnerabilities in the supply chain, and this disruption is likely to impede the market's growth. Consequently, the persistent shortages may dampen consumer demand for feed major minerals, which can further prolong the challenges faced by the market in achieving stable growth and meeting the needs of the agricultural sector.
Market Trends of the Global Feed Major Minerals Market
The Global Feed Major Minerals market is witnessing a notable shift towards the development of organic mineral supplements, driven by the increasing awareness of bioavailability and environmental regulations on trace elements in livestock feed. As cattle ranchers face challenges in enhancing feed conversion efficiency, there is a growing demand for organic versions of essential minerals like copper, zinc, selenium, and chromium. These organic mineral chelates are gaining traction for their enhanced absorption rates and potential to boost animal productivity. Consequently, manufacturers are innovating to meet this evolving market demand, guiding farmers to prioritize knowledge of these alternatives for optimizing livestock health and sustainability.