Global Feed Minerals Market and Trends

Increasing industrialization of livestock production to meet the increasing demand for animal protein sources is driving the greater focus on optimum nutrition of farm animals, and this trend is expected to provide robust growth to the global feed minerals market. According to the Global Feed Minerals Market report of Mordor Intelligence; the market is projected to register a CAGR of 6.5% over the 2020-2025 forecast period. Asia-Pacific dominates the feed minerals market because of the presence of a large livestock population within the region.

Global Feed Minerals Market and TrendsBy Derya Yıldız
Minerals are additives included in the animal feed for optimal growth, development, overall health, and well-being, and for the prevention of diseases in the livestock. And they are essential for the development of animal life. Besides, use of mineral feed augments water retention in livestock, thereby improving the quality of meat and mass.

Essential trace elements and minerals that are not adequately produced in the body need to be added in the feed externally for better standards and quality of animal-derived products. These minerals include salt, calcium, phosphorus, sulfur, magnesium, potassium, iron, copper, cobalt, zinc, iodine, selenium, and molybdenum. Some of these minerals are toxic if taken in excessive amounts.

MARKET GROWTH EXPECTATIONS
Increasing industrialization of livestock production to meet the increasing demand for animal protein sources is driving the greater focus on optimum nutrition of farm animals, and this trend is expected to provide robust growth to the global feed minerals market. According to the Global Feed Minerals Market report of Mordor Intelligence; the market is projected to register a CAGR of 6.5% over the 2020-2025 forecast period.

According to another report entitled Mineral Feed Market by Mordor Intelligence, the mineral feed market was valued at USD 3.5 billion in 2018, and it is expected to register a CAGR of 4.5% during the 2019-2024 forecast period. In 2018, Asia-Pacific was the largest geographic segment of the market studied and accounted for a share of around 31% of the overall market.

Trace minerals or organic trace minerals constitute an important part of the global feed minerals market. As per a report published by Fior Markets, the global animal feed organic trace minerals market, valued at USD 630.53 million, to reach USD 1202.99 million by 2028, growing at a CAGR of 8.41% during the forecast period 2021-2028.

MARKET DRIVERS
According to the report entitled “Global Feed Minerals Market – Industry Trends and Forecast to 2029” prepared by Data Bridge Market Research; the expansion of feed production across the globe acts as one of the major factors driving the growth of feed minerals market. The rise in demand and consumption of livestock-based products, and implementation of innovative animal husbandry practices to improve meat quality accelerate the market growth. The growth in consciousness regarding the health of animals among population and increase in standardization of meat products owing to disease outbreaks further influence the market. Additionally, innovations in animal husbandry, high demand for enhanced animal products, increase in demand for naturally produced feed and feed additives and rise in awareness about feed quality positively affect the feed minerals market. Furthermore, increase in demand for nutritional supplements for monogastric animals and shift toward natural growth promoters extend profitable opportunities to the market players in the forecast period of 2022 to 2029.

On the other hand, ban on antibiotics in different nations and volatile raw material prices for natural feed additives are expected to obstruct the market growth. Quality control of genetic feed additive products and stringent regulatory framework are projected to challenge the feed minerals market in the forecast period of 2022-2029.

Also, the increasing outbreak of animal diseases may hinder the growth of the global feed mineral market. The control of these outbreaks is a challenging task for governments and manufacturers across the world and is therefore expected to negatively impact the growth of the global feed mineral market.

MARKET STATUS BASED BY TYPE
Minerals are evaluated in two different segments as macrominerals and microminerals. The prominent segment in the global feed minerals market is micro minerals. According to the report of Mordor Intelligence, microminerals occupy a major share of the global feed minerals market, when segmented by type. Microminerals include chromium, cobalt, copper, fluorine, iodine, iron, manganese, molybdenum, selenium, and zinc. The analyses of pastures for microminerals are needed periodically for healthy livestock and animals. Additionally, deficiency may lead to anemia and increased susceptibility to infections. Thus, this may further increase the demand for microminerals in the feed industry.

During intensive culture in countries, like Vietnam, fluctuating environmental and water quality conditions can lead to the development of stress situation, which can only be tackled by the inclusion of microelements present in minerals. Thus, this has led to the growing demand for minerals in compound feed used by farmers. These feed, including minerals, are used by farmers in pelleted form, as supplementary feeds. The companies active in the market are engaged in various product innovations to cater to the growing demand for microminerals, globally.

Major Players:
Alltech
Archer Daniels Midland
BASF SE
Bio Multimin
Biochem
Biorigin
Bluestar Adisseo
Brilliant Bio Pharma
Cargill
Chemlock Nutritional
Chr. Hansen
Davidsons Animal Feeds
DLG Group
Dr. Eckel Animal Nutrition
Dr. Paul Lohmann
DSM Animal Nutrition
Global Animal Products
InVivo Group
JH Biotech
Josera Petfood
Kalmbach Feeds
Kay Dee Feed Company
Kemin Industries
Kent Nutrition Group
Lallemand
Mercer Milling Company
Novozymes
Novus International
Nutreco
Orffa
Pancosma
Purnina Animal Nutrition
Qualitech Inc.
Ridley Feed Ingredients
Tanke Biosciences
Vamso Biotech
Venkys India
Vetline
Virbac
Zinpro

MARKET STATUS ON REGIONAL BASIS
The Asia-Pacific region, which directs the animal nutrition industry, is also a prominent region in the feed minerals market. According to the report of Data Bridge Market Research; Asia-Pacific dominates the feed minerals market because of the presence of a large livestock population within the region. However, feed production in the Asia-Pacific region suffered a minor setback in 2019, on account of the spread of African Swine Fever, especially in China and the Southeast Asian countries. Even so, the market remains the largest geographic segment in the global feed minerals market.

According to the Mordor Intelligence report, in China, the animal feed additives industry, currently, is heavily influenced by the governmental initiatives. The country’s efforts to modernize and find efficiencies in its structure and practices, and the increasing demand for meat and animal products to meet the protein needs of the growing population are among the major factors driving the growth of the animal feed additives market.

India is the largest milk producing country, globally. However, milk yields per cow are low, with Indian farmers relying on raw crop residues, such as cotton cake or husks, for feeding their animal. To improve the animal productivity, in order to meet the growing demand for milk, the demand for processed feed is likely to increase in the coming years, thereby, propelling the demand for feed additives in the country.

North America, on the other hand, is expected to witness high growth during the forecast period of 2022 to 2029 due to the increase in demand for animal products in the region.

MAJOR PLAYERS IN FEED MINERALS MARKET
The global feed minerals market is fragmented, with top global and regional players competing fiercely with local manufacturers. Focus on quality through extensive investment in product research and development was the most adopted strategy of the leading players, worldwide. The major investments are directed to product line expansions and innovating new products to retain the existing customer base.

Resources:
• Data Bridge Market Research, Global Feed Minerals Market – Industry Trends and Forecast to 2029, https://bit.ly/34lUCT6
• Verified Market Research, Global Feed Minerals Market Size By Product, By Application, By Geographic Scope And Forecast, https://bit.ly/3rwdeIP
• Mordor Intelligence, The Global Feed Minerals Market is segmented by Type, Animal Type, and Geography, https://bit.ly/3HtQRt4
• Fior Markets, Animal Feed Organic Trace Minerals Market by Product, by Application, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2021 to 2028, https://bit.ly/3uAz67N