China Animal Feed Micronutrients Market Size, Share, and COVID-19 Impact Analysis, By Products (Trace Minerals, Vitamins, and Others), By Livestock (Poultry, Ruminant, Aquaculture, Swine, and Equine), and China Animal Feed Micronutrients Market Insights, Industry Trend, Forecasts to 2033

China Animal Feed Micronutrients Market Insights Forecasts to 2033

• The China Animal Feed Micronutrients Market Size is Growing at a CAGR of 7.37% from 2023 to 2033
• The China Animal Feed Micronutrients Market Size is Expected to Reach a Significant Share by 2033

The China Animal Feed Micronutrients Market Size is Anticipated to reach a significant share by 2033, Growing at a CAGR of 7.37% from 2023 to 2033.

Market Overview

China animal feed micronutrients market is an essential segment of the country’s agricultural industry, focusing on the supplementation of essential vitamins, minerals, and trace elements in animal feed to improve livestock health and productivity. Micronutrients, including zinc, copper, manganese, selenium, and vitamins A, D, and E, play a crucial role in boosting immunity, enhancing growth rates, improving reproductive efficiency, and preventing diseases in animals. The manufacturing process involves the precise formulation of these nutrients into premixes that are added to animal feed. Leading manufacturers employ advanced technologies and research to produce high-quality micronutrient products that cater to the specific needs of different livestock species, such as poultry, swine, and cattle. The benefits of incorporating micronutrients into animal feed include increased feed efficiency, enhanced animal performance, and improved meat, milk, and egg quality. Additionally, micronutrient supplementation helps in maintaining overall animal health, reducing the reliance on antibiotics, and promoting sustainable farming practices.

Report Coverage

This research report categorizes the market for the China animal feed micronutrients market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the China animal feed micronutrients market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the China animal feed micronutrients market.

Driving Factors

Chinese government's emphasis on modernizing the agricultural sector and promoting sustainable farming practices has accelerated the adoption of advanced animal feed formulations. The rising awareness among farmers about the benefits of micronutrient-rich feeds, such as improved disease resistance, higher reproductive efficiency, and better feed conversion rates, also contributes to the market's growth.

Restraining Factors

Lack of awareness and knowledge about the benefits of micronutrient supplementation among some farmers, particularly in rural regions, restricts the widespread adoption of these products.

Market Segmentation

The China animal feed micronutrient market share is classified into product and livestock.

• The trace minerals segment accounted for the highest revenue share in 2023 and is expected to grow at a substantial CAGR during the forecast period.

The China animal feed micronutrients market is segmented by product into trace minerals, vitamins, and others. Among these, the trace minerals segment accounted for the highest revenue share in 2023 and is expected to grow at a substantial CAGR during the forecast period. The segment is driven by several factors, including the increasing demand for livestock production, as China remains a key global player. As awareness of animal health and the link between nutrition and productivity rises, farmers are turning to trace minerals like zinc, copper, and selenium to ensure optimal animal health and performance.

• The poultry segment accounted for the largest market share in 2023 and is expected to grow at a remarkable CAGR during the forecast period.

The China animal feed micronutrients market is segmented by livestock into poultry, ruminant, aquaculture, swine, and equine. Among these, the poultry segment accounted for the largest market share in 2023 and is expected to grow at a remarkable CAGR during the forecast period. The segment growth can be attributed to the increasing demand for poultry products, which are a staple in China’s diet. With the expanding poultry industry, the need for high-quality animal feed, enriched with essential micronutrients, has risen significantly.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the China animal feed micronutrients market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• BASF SE
• NOVUS INTERNATIONAL
• Aries Agro Limited.
• NUTRECO N.V
• Cargill
• Incorporated.
• Alltech.
• ADM
• Kemin Industries, Inc.
• QualiTech
• Lallemand Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at China, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the China animal feed micronutrients market based on the below-mentioned segments:

China Animal Feed Micronutrients Market, By Products

• Trace Minerals
• Vitamins
• Others

China Animal Feed Micronutrients Market, By Livestock

• Poultry
• Ruminant
• Aquaculture
• Swine
• Equine