MARKET REPORT FEED & ADDITIVE MAGAZINE June 2024 85 growth, egg production, and overall health. Increasing demand for poultry meat and eggs worldwide favours the growth of this segment. Ruminants, including cattle and sheep, are considered the most important segment in the feed minerals market. These animals require a range of minerals for their growth, milk production, and reproductive health. Increasing demand for milk and meat products is fuelling the growth of the ruminant segment in the feed minerals market. The swine segment is another important segment of the feed minerals market. Swine require a balanced diet including essential minerals for their growth and reproductive health. Increasing demand for pork products across the globe is fuelling the growth of this segment. In summary, the global feed minerals market is segmented into various animal species, each with unique demands for feed minerals. The growth of these segments is driven by the increasing demand for animal products worldwide, emphasising the importance of feed minerals in animal nutrition. MARKET GROWTH ON REGIONAL BASIS The global feed minerals market is segmented into various regions, each with unique demands for feed minerals. The growth of these regions is driven by various factors, such as the size of the livestock population, the level of industrialisation of animal husbandry, and consumer preferences for animal products. For instance, the Asia-Pacific region dominates the feed minerals market due to its high livestock population. Increasing industrialisation of livestock farming to meet the growing demand for animal protein sources is leading to a greater focus on the optimal nutrition of livestock in this region. During the forecast period of 2024-2031, the Asia-Pacific region is projected to remain the largest market for Engineering your feed solutions www.orffa.com - Follow us on UNLOCK THE POTENTIAL OF YOUR LIVESTOCK With Orffa’s trace mineral solutions EXCENTIAL SMART RANGE Superior bioavailability for optimal health and performance. Choose Orffa for premium, safe, and effective trace minerals. Enhance your operation with our trusted trace mineral solutions today! EXCENTIAL SELENIUM 4000 Organic selenium for enhanced health and offspring transfer ELOVITAL MIKU RANGE Dust-free for safe handling in premix factories
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