Global Trace Minerals in Feed Market Insights Forecasts to 2033

• The Global Trace Minerals in Feed Market Size was Valued at USD 563.8 Million in 2023
• The Market Size is Growing at a CAGR of 5.58% from 2023 to 2033
• The Worldwide Trace Minerals in Feed Market Size is Expected to Reach USD 970.2 Million by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Trace Minerals in Feed Market Size is Anticipated to Exceed USD 970.2 Million by 2033, Growing at a CAGR of 5.58% from 2023 to 2033.

Market Overview

Trace minerals that are required for proper immune system function and disease resistance include zinc, manganese, iron, copper, and selenium. Animal productivity is dependent on the maintenance of a healthy mineral balance. Trace minerals, also known as micro minerals, are very important nutrients that the human body should ingest from food; at present, compared to macro minerals, we only require a very minimal amount of trace minerals in our diet. Trace minerals are also essential nutrients used to maintain animal health. Trace minerals are essential in numerous metabolic reactions. Animals with asymptomatic loss may not exhibit any apparent indications or symptoms, but they have a reduced capacity for production and excellent health. This period can be avoided by providing the animals with a carefully balanced supply of trace minerals. A good micronutrient-rich feed composition ensures the fertility of the animal husbandry and manufacturing chains. Trace mineral intake is essential to the health and productivity of livestock, poultry, and companion animals. Trace minerals should be administered to cattle at appropriate concentrations and under changing conditions during the animal's rapid growth and development, as well as the production cycle. Although trace minerals play an important role in both animal and human health, they are frequently neglected in animal diets. Their physiological importance is often minimized and their availability in sufficient quantities in the feed is taken for granted.

Report Coverage

This research report categorizes the market for the global trace minerals in feed market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global trace minerals in feed 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 global trace minerals in feed market.

Driving Factors

The global trace minerals in the feed market are primarily driven by increased feed additive production. With rising demand for meat and meat products, as well as improvements in the quality of protein-rich diets among customers worldwide, demand for compound feed has increased in Asia Pacific, North America, and Europe. The demand for chicken and red meat in these countries has increased, contributing to the market's expansion. The rise in demand for animal protein in human diets is an essential component of increasing market growth, as well as the increasing importance of animal nutrition in livestock production, increasing utilization of water-soluble natural feed-added compounds, increasing consumption of meat, the growing development of the feed for animals sector across the globe, growing shift in food consumption patterns, which include choosing proteins from animal sources and growing demand of animal-based products due to increase in disposable income. Furthermore, the improvement in the bioavailability of trace minerals, the expanding market for specialized feed components, and a greater move toward natural growth promoters (NGPs) due to a surge in awareness about feed and food safety would provide further opportunities.

Restraining Factors

The main factors serving as restraints are the increasingly strict rules and regulations governing the authorized amounts of certain minerals in feed products, as well as the increasing price of products and research and development. Additionally, the growth of trace minerals in the feed market during the projected time frame will be further challenged by the rising costs linked to trace minerals as an additive. A trace mineral shortage can result in a significant drop in both performance and production. Many minerals play very particular but often distinct roles. In some situations, the scarcity of waste materials can contribute to an increase in raw material prices, which in turn raises overall trace mineral prices. Such high prices have resulted in a low adoption of trace minerals among animal ranchers. This factor hinders the sector's expansion.

Market Segmentation

The global trace minerals in feed market share is classified into type, livestock, and chelate type.

• The iron segment is expected to hold the highest share of the global trace minerals in feed market during the forecast period.   

Based on the type, the global trace minerals in feed market is divided into iron, zinc, manganese, copper, cobalt, and chromium. Among these, the iron segment is expected to hold the highest share of the global trace minerals in feed market during the forecast period. Iron is one of the most essential elements that the body requires to function properly. Iron cannot be consumed in its elemental form, hence it is available in the form of oxides and carbonates. As livestock animals are frequently affected by iron deficiency, resulting in oxidative stress and anemia, iron is an important ingredient to add in feed. Due to its increased recognition by regulatory agencies, the market for iron as a trace mineral in feed is expected to rise rapidly throughout the forecast period.

• The poultry segment is expected to hold the highest CAGR of the global trace minerals in feed market during the forecast period.   

Based on the livestock, the global trace minerals in feed market is divided into swine, ruminants, poultry, and aquaculture. Among these, the poultry segment is expected to hold the highest CAGR of the global trace minerals in feed market during the forecast period. One of the main factors contributing to market expansion is a greater focus on the intake of animal protein in daily meals. The growing demand for white meat and eggs has necessitated an increase in the production of livestock.

• The amino acids segment is expected to dominate the global trace minerals in feed market during the forecast period.

Based on the chelate type, the global trace minerals in feed market is divided into amino acids, proteinates, and polysaccharides. Among these, the amino acids segment is expected to dominate the global trace minerals in feed market during the forecast period. Amino acids are suitable for chelating substances as they readily dissolve in the animal body. This is due to the binding of amino acids to mineral particles, which creates a structure that's stronger and allows minerals to survive in the stomach's acidic environment. Additionally, trace minerals remain safe from numerous germs found in the body of mammals, and enzymes are unable to destroy them.

Regional Segment Analysis of the Global Trace Minerals in Feed Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Europe is anticipated to hold the largest share of the global trace minerals in feed market over the predicted timeframe.

Europe is anticipated to hold the largest share of the global trace minerals in feed market over the predicted timeframe. Europe is also expected to play a big role in the business due to consistent demand from various livestock. Spain and Germany are the two largest markets in this region for organic animal feed trace minerals. The iron segment dominated the European market and is expected to provide an increasing CAGR over the forecast period. Trace minerals are widely used in European animal nutrition due to the European Commission's emphasis on lowering input costs and improving animal health in the initial phases of growth. The use of trace elements in animal feeding is determined by factors such as affordability, availability, policy, and regulations. Favorable conditions, such as the European Commission's regulations on the utilization of feed materials, feed hygiene requirements, and regulations on unwanted chemicals in feed, have had a beneficial effect on the feed industry, and are expected to drive the growth of the trace minerals in feed market in Europe.

Asia Pacific is expected to grow at the fastest pace in the global trace minerals in feed market during the forecast period. This is due to the existence of a large number of manufacturers in the region. China, the world's top producer of livestock feed in the same year, drives the region. The poultry and swine industries generate a significant need for organic trace minerals in animal feed. Furthermore, advancements in the manufacturing and retail industries, an increase in chicken consumption per capita, and improved infrastructure have raised the demand for organic trace minerals in poultry production.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global trace minerals in feed 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

• Cargill, Incorporated
• Archer-Daniels-Midland Company (ADM)
• BASF SE
• Bluestar Adisseo Co., Ltd
• Koninklijke DSM N.V.
• Alltech Inc.
• Zinpro Corporation
• Novus International Inc.
• Kemin Industries, Inc.
• Lallemand Inc.
• Virbac SA
• QualiTech Inc.
• Dr. Paul Lohmann Gmbh & Co. KGAA
• Orffa International Holding BV
• Others

Key Target Audience

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

Recent Developments

• In July 2022, Virbac announced the availability of TENOTRYLTM (enrofloxacin) injectable form of solution for livestock and swine in the United States. This injectable form of solution comes in 100, 250, and 500 mL vials.

• In September 2020, Bluestar Adisseo Company purchased Framelco Group (Netherlands), a feed additive company. With this approach, the company aims to contribute to the growth of the specialized product area to become the dominant player in the specialty feed components for animal nutrition.

Market Segment

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

Global Trace Minerals In Feed Market, By Type

• Iron
• Zinc
• Manganese
• Copper
• Cobalt
• Chromium

Global Trace Minerals in Feed Market, By Livestock

• Swine
• Ruminants
• Poultry
• Aquaculture

Global Trace Minerals in Feed Market, By Chelate Type

• Amino Acids
• Proteinates
• Polysaccharides

Global Trace Minerals in Feed Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa