Europe Feed Minerals Market Size

Europe Feed Minerals Market Analysis

The Europe Feed Minerals Market size is estimated at 0.90 billion USD in 2024, and is expected to reach 1.09 billion USD by 2029, growing at a CAGR of 4.01% during the forecast period (2024-2029).

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0.90 Billion

Market Size in 2024 (USD)

1.09 Billion

Market Size in 2029 (USD)

2.06 %

CAGR (2017-2023)

4.01 %

CAGR (2024-2029)

Largest Market by Sub-Additive

89.37 %

value share, Macrominerals, 2023

Macrominerals is the largest segment as they are essential for improving digestion, providing resistance to diseases, and improving cattle health.

Largest Market by Country

15.96 %

value share, Spain, 2023

Spain is the largest market due to the increased feed production, rising demand for swine meat, improved maintenance of livestock, and the growing livestock population.

Fastest-growing Market by Sub-Additive

4.06 %

Projected CAGR, Microminerals, 2024-2029

Microminerals play a major role in the growth and bone development of animals and improve metabolic functions. Therefore, it is the fastest-growing segment in the market.

Fastest-growing Market by Country

4.81 %

Projected CAGR, United Kingdom, 2024-2029

The United Kingdom is the fastest-growing market as the country experiences increased animal feed production, increased meat demand, and growth in the number of commercial poultry farms.

Leading Market Player

9.40 %

market share, Cargill Inc., 2022

Cargill is the market leader as it has expanded its presence in the European market through the acquisition, partnership, and expansion of manufacturing facilities in Spain.

Europe Feed Minerals Industry Segmentation

Macrominerals, Microminerals are covered as segments by Sub Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal. France, Germany, Italy, Netherlands, Russia, Spain, Turkey, United Kingdom are covered as segments by Country.

• Minerals play a crucial role in promoting optimal growth, development, overall health, and disease prevention in livestock. In Europe, the feed additives market for minerals was recently ranked third. In 2022, the market accounted for 10.8% of the total volume of the global market, and it was valued at USD 829.1 million. The increasing demand for animal production and well-established dairy and poultry industries are the key drivers leading to market growth.
• Ruminants are the largest consumers of minerals, accounting for 48% of Europe's feed minerals market in 2022. Minerals are essential to maintain osmotic balance, develop bone growth, reduce muscle contractions, and enhance the nervous system. Poultry and swine follow next, holding market shares of 27.3% and 21.5%, respectively, due to high demand for good-quality poultry meat and red meat.
• Macrominerals represented 9.7% of the European feed additives market in 2022, accounting for a value of USD 741.0 million. Ruminants were the largest consumers of macrominerals, accounting for 50.9% of the total value of the European macrominerals market. Spain held the highest market share, accounting for 16%.
• Microminerals, the fastest-growing sub-segment, is expected to register a CAGR of 4.1% during the forecast period. The value of this sub-segment is expected to grow from USD 88.1 million in 2022 to USD 116.3 million in 2029. In 2022, poultry was the largest consumer of microminerals, accounting for 39.3% of the total market value. Microminerals are involved in cellular metabolism, and they help in the formation of skeletal structures among poultry birds.
• The consumption of meat and meat products and increased awareness about the usage of minerals for promoting animal growth are expected to drive the minerals market, registering a CAGR of 4% during the forecast period.