Market Size of Mineral Feed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.50 % |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mineral Feed Market Analysis
The mineral feed market was valued at USD 3.5billion in 2018, and it is expected to register a CAGR of 4.5% during the forecast period (2019-2024). In 2018, Asia-Pacificis the largest geographic segment of the market studied and accounted for a share of around 31% of the overall market.
- Stable economic conditions, urbanization, and changes in lifestyles in Asia-Pacific have led to increased protein consumption.
- The livestock industry in the region has started adopting scientific methods to increase production and maintain a steady supply of meat in the market. This has led to increased consumption and is expected to drive the market during the forecast period.
- Demand for high-quality meat from the meat processing industry is further expected to increase consumption of feed minerals. The market is expected to expand gradually with awareness among the farmers in the developing countries, such as India, China, Brazil, Mexico, and South Africa, among others.
Mineral Feed Industry Segmentation
Minerals are supplements included in the animal feed for optimal growth, development, overall health, and well-being, and for the prevention of diseases in the livestock. 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. Along with the market expansion, manufacturers of the mineral feed are focusing on the development of new products.
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Mineral Feed Market Size Summary
The mineral feed market is experiencing a steady expansion, driven by the increasing demand for high-quality meat and the adoption of scientific methods in livestock production, particularly in the Asia-Pacific region. This region, which is the largest geographic segment of the market, is witnessing a rise in protein consumption due to stable economic conditions, urbanization, and lifestyle changes. The livestock industry is evolving to meet the growing demand for meat, which is expected to boost the consumption of feed minerals. Awareness among farmers in developing countries such as India, China, Brazil, Mexico, and South Africa is also contributing to the market's growth. The focus on sustainable development by organizations like the Food and Agriculture Organization (FAO) is further supporting the sector by addressing animal health and welfare through sustainable nutrition and feeding practices.
The market is characterized by significant competition, with major feed additive companies like DSM NV, Nutreco NV, and Cargill Inc. holding substantial market shares. The industrialization of the livestock and meat processing industries is driving the increased use of mineral feed as a supplement and nutrient enhancer, essential for optimal animal growth and health. This trend is particularly pronounced in the Asia-Pacific region, where both production and consumption of animal-based products are expected to grow rapidly. The shift towards industrialized and landless meat production facilities, especially in developed regions like North America and Europe, is also influencing the market dynamics. As the market size expands, the necessity for feed mineral supplements becomes more pronounced, offering significant growth opportunities in the developing countries of Asia.
Mineral Feed Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Industry Attractiveness - Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Macro Minerals
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2.1.1.1 Calcium
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2.1.1.2 Phosphorous
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2.1.1.3 Magnesium
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2.1.1.4 Potassium
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2.1.1.5 Other Macro Minerals
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2.1.2 Micro Minerals
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2.1.2.1 Iron
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2.1.2.2 Copper
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2.1.2.3 Zinc
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2.1.2.4 Other Micro Minerals
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2.2 Animal Type
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2.2.1 Ruminant
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2.2.2 Poultry
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2.2.3 Swine
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2.2.4 Aquaculture
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2.2.5 Other Animal Types
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2.3 Geography
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2.3.1 North America
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2.3.1.1 US
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Germany
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 South Africa
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2.3.5.2 Egypt
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2.3.5.3 Rest of Middle East & Africa
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Mineral Feed Market Size FAQs
What is the current Mineral Feed Market size?
The Mineral Feed Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
Who are the key players in Mineral Feed Market?
DSM NV, Nutreco NV, Novus International, Kemin Industries and Cargill inc. are the major companies operating in the Mineral Feed Market.
