Animal Feed Micronutrient Market Synopsis
Animal Feed Micronutrient Market Size is Valued at USD 1.97 Billion in 2023, and is Projected to Reach USD 3.22 Billion by 2032, Growing at a CAGR of 6.30% From 2024-2032.
The Animal Feed Micronutrient Market involves the manufacture and sale of some minor nutrients and bio elements which are included in animal diets to enhance their well-being, growth rates and performance in terms of production. These are the micronutrients, elements such as zinc, copper, iron, selenium, Vitamin A, D and E, that play crucial roles in the lives of animals and contributes to their overall healthy well-being. Some of the drivers within the market include; A growing need to produce quality animal products to consumers, customer awareness of animal feed, and improved feed ingredients formulation. This company’s target audience mainly consists of feed manufacturers, livestock producers, and veterinary nutritionists involved in the promotion of healthy liveliness and optimum feed performance.
- Several significant factors propel the global animal feed micronutrient market, with one of them being the growing recognition of the critical role that animal nutrition plays in promoting optimal health and productivity. With the increasing intensity of livestock husbandry driven by the demand for meat and dairy products, there is a heightened emphasis on improving feed quality in order to stimulate animal growth and enhance immunity. Micronutrients, including amino acids, vitamins, and minerals, are of paramount importance in enhancing feed efficiency and mitigating the risk of disease-causing nutrient deficiencies. As a result, an expanding market is being stimulated by the increased incorporation of these vital components into animal diets by farmers and feed manufacturers in an effort to improve overall livestock performance and yield.
- Furthermore, the increasing incidence of livestock diseases and the implementation of rigorous antimicrobial usage regulations in the animal husbandry industry are driving the need for feed that is enriched with micronutrients. In light of increasing consumer apprehensions regarding the safety and quality of animal products, a trend is emerging towards the utilization of sustainable and natural feed additives that can enhance animal well-being in lieu of antibiotics. Micronutrients are an essential substitute that promotes immunity and durability against diseases. In addition, progress in the field of animal nutrition science and the creation of novel feed formulations are broadening the assortment of micronutrient products accessible, thereby satisfying particular dietary requirements and stimulating market growth. Government initiatives and subsidies that encourage the use of nutrient-dense, high-quality feed to increase livestock productivity and food security provide additional support for this trend.
Animal Feed Micronutrient Market Trend Analysis
Micronutrients in Focus, Key Drivers of the Animal Feed Market Expansion
- Animal feed micronutrient market is growing at a faster pace due to increasing awareness of need of micronutrients to maintain animals’ health nutritious food. The producers of livestock and farmers are slowly beginning to appreciate the role of micronutrients in increasing the degree of the immunity of animals, increasing feed conversion ratios, and the growth of animals. This awareness, as accompanied by the rising consumer preference towards quality animal-based products like meat, milk and eggs, is driving the uptake of micronutrient incorporated feed. In addition, superiorities in agriculture and feed formulation also contribute to the creation of range micronutrient supplements creating higher efficiency and effectivity that in turn contributes to market growth. Pandemics of diseases affecting livestock and the consequent call for preventive measures also play a role in enhancing the market’s positivity.
- From the patterns identified for regional markets, it is apparent that Asia-Pacific has established itself as a prominent region in the animal feed micronutrient market. Basically, countries that produce large amounts of livestock, and which have an increasing preference for meat are the major drivers of the consumption of nutrient-rich feeds such as those produced in China and India. North America and the European Union also pose a significant market impact with regulatory measures aimed at enhancing quality, animal welfare, and food safety to force producers to include micronutrients in feeds. Moreover, urbanization and higher standards of living witnessed in these regions are fostering growth in pet population, making consumers seek more nutritious pet feed. This has led the key players in the market to invest in the R & D for the improvement of micronutrient solutions to serve the various species of animals and satisfy the production requirements of their clients thus, providing a boost to the growth of the micronutrient market.
Unlocking Growth, Opportunities in the Animal Feed Micronutrient Market
- The animal feed micronutrient market presents significant growth opportunities driven by the increasing demand for high-quality meat and dairy products. As global populations rise and incomes increase, there is a parallel surge in the consumption of animal-based products, which necessitates enhanced livestock productivity and health. Micronutrients such as vitamins, minerals, amino acids, and enzymes play a crucial role in improving feed efficiency, promoting growth, and preventing diseases in livestock. The growing awareness among farmers about the benefits of balanced nutrition for animals, coupled with advancements in animal nutrition science, is further propelling the adoption of micronutrient-enriched feeds. This trend is particularly strong in developing regions where agricultural practices are rapidly modernizing.
- Additionally, regulatory support and initiatives aimed at promoting sustainable livestock farming are bolstering the market. Governments and industry bodies are increasingly emphasizing the importance of micronutrients in animal diets to reduce the environmental impact of farming and improve animal welfare. Technological advancements in feed formulation and the development of innovative delivery mechanisms for micronutrients are also contributing to market expansion. Companies are investing in research and development to create tailored micronutrient blends that address specific deficiencies in different animal species, thereby enhancing the overall productivity of farms. This focus on innovation, combined with strategic collaborations and expansions, is expected to drive the animal feed micronutrient market's growth in the coming years.
Animal Feed Micronutrient Market Segment Analysis:
Animal Feed Micronutrient Market is segmented on the basis of type, and livestock.
By Type, Vitamins segment is expected to dominate the market during the forecast period
- Classification of animal feed micronutrient is by type where vitamin, the mineral, and trace elements are key sub-types. There are many different vitamins that are necessary for various metabolic reactions in animals, development and fertility. Vitamins play a significant role in animal metabolism, contributing to growth, reproduction and well-being.
- Due to their importance, they can minimize the probability of the occurrence of deficiencies that may lead to emergence of diseases as well as reducing productivity. Macronutrients like calcium, phosphorus, and magnesium past through the building of bones and teeth besides owning metabolic as well as physiological functions. Microminerals include iron, zinc copper and selenium as they are used in small quantities in the body but are important to support the enzymes, the immune system and general body growth. Each one of these micronutrients has its specific role towards the improvement of the nutritional value of feeds for animals, consequently to a better body performance and health standards of the livestock.
By Livestock, Poultry segment held the largest share in 2023
- The global animal feed micronutrient market based on the livestock is classified as poultry, swine, ruminants, aquaculture, and others. Chickens and turkey being categories under poultry, need to have adequately balanced micronutrient to ensure the rates of growth, egg production and disease resistance. Micronutrients like copper, selenium, zinc and vitamin E are essential in swine production since they help in meat production and especially in pigs, growth and reproductive rates. The micronutrient included in ruminant nutrition, cattle sheep, goats etc.
- are important for digestion, milk yield, muscle and hair growth. In fish and shrimp farming which falls under aquaculture micronutrients are used to promote growth, reduce feed conversion ratios and build the fishes’ immune to diseases. Micronutrient formulations for horses and pet animals also provide a variety of formulations for the optimum nutrition of many other livestock categories. Every type of livestock needs a combination of micronutrients to ensure their health and production levels as a breeding system for animals.
Animal Feed Micronutrient Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast period
- The Asia Pacific animal feed micronutrient is one of the fast-growing markets, and this is due to the ever-growing demand in animal protein products and the growing livestock farming industry. The Youngevity’s animal feed market has been fuelled by trends such as; Rapid urbanization and increase in income levels within countries like China, India or Japan where they have seen an increased demand for meat and dairy products, and this has helped boost demand for animal feed rich in nutrients. Other important aspects like vitamins, minerals and amino acids are very important in the advancement of livestock health, feed conversion ratio and rate of growth of a livestock. The market is also bounded to grow with rising consciousness among the farmer regarding the better health of animal and disease-free animal by using feed enriched with micronutrient. Moreover, the government schemes and policies involving the livestock farming and feed quality associated with livestock have also added fuel to the growth.
- The impact of technology factors such as the improvements in feed formulation methods and launch of customized micronutrient products to match the micronutrient requirements of animals is another factor that has bolstered the growth of the market. Many key players in the region are devoting capital to research and development to present modern and versatile micronutrient supplements that address the need of other specie of livestock, poultry, swine and cattle. The market also has its constraints; for example, the raw materials for micronutrient feed additives may become expensive to source or buy due to the changing market prices, and there may be new and tighter laws and regulations governing the production and sale of feed additives. However, with a shift in focus toward practices such as better animal husbandry and improved investment in the same, implying towards more efficient livestock feed micronutrient consumption in Asia Pacific is likely to have a positive growth in the forecast period.
Active Key Players in the Animal Feed Micronutrient Market
- Alltech (United States)
- Archer Daniels Midland Company (ADM) (United States)
- BASF SE (Germany)
- Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH (Germany)
- Cargill, Incorporated (United States)
- Koninklijke DSM N.V. (Netherlands)
- Lallemand Inc. (Canada)
- Novus International, Inc. (United States)
- Nutreco N.V. (Netherlands)
- Zinpro Corporation (United States)
- Others
Animal Feed Micronutrient Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1.97 Bn. |
Forecast Period 2023-32 CAGR: |
6.30 % |
Market Size in 2032: |
USD 3.22 Bn. |
Segments Covered: |
By Type |
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By Livestock |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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- INTRODUCTION
- RESEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTER’S FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTER’S FIVE FORCES ANALYSIS
- ANIMAL FEED MICRONUTRIENT MARKET BY TYPE (2017-2032)
- ANIMAL FEED MICRONUTRIENT MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- VITAMINS
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- MINERALS
- TRACE ELEMENTS
- ANIMAL FEED MICRONUTRIENT MARKET BY LIVESTOCK (2017-2032)
- ANIMAL FEED MICRONUTRIENT MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- POULTRY
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- SWINE
- RUMINANTS
- AQUACULTURE
- OTHERS
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- Animal Feed Micronutrient Market Share By Manufacturer (2023)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- ALLTECH (UNITED STATES)
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- ARCHER DANIELS MIDLAND COMPANY (ADM) (UNITED STATES)
- BASF SE (GERMANY)
- BIOCHEM ZUSATZSTOFFE HANDELS- UND PRODUKTIONSGESELLSCHAFT MBH (GERMANY)
- CARGILL, INCORPORATED (UNITED STATES)
- KONINKLIJKE DSM N.V. (NETHERLANDS)
- LALLEMAND INC. (CANADA)
- NOVUS INTERNATIONAL, INC. (UNITED STATES)
- NUTRECO N.V. (NETHERLANDS)
- ZINPRO CORPORATION (UNITED STATES)
- COMPETITIVE LANDSCAPE
- GLOBAL ANIMAL FEED MICRONUTRIENT MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Type
- Historic And Forecasted Market Size By Livestock
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT ANALYSIS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Animal Feed Micronutrient Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1.97 Bn. |
Forecast Period 2023-32 CAGR: |
6.30 % |
Market Size in 2032: |
USD 3.22 Bn. |
Segments Covered: |
By Type |
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By Livestock |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Animal Feed Micronutrient Market research report is 2024-2032.
Nutreco N.V. (Netherlands), Archer Daniels Midland Company (ADM) (United States), Cargill, Incorporated (United States), Alltech (United States), Koninklijke DSM N.V. (Netherlands), Novus International, Inc. (United States), BASF SE (Germany), Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH (Germany), Lallemand Inc. (Canada), Zinpro Corporation (United States) and Other Major Players.
The Animal Feed Micronutrient Market is segmented into by Type (Vitamins, Minerals, Trace Elements), By Livestock (Poultry, Swine, Ruminants, Aquaculture, Others). By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
The Animal Feed Micronutrient Market involves the manufacture and sale of some minor nutrients and bio elements which are included in animal diets to enhance their well-being, growth rates and performance in terms of production. These are the micronutrients, elements such as zinc, copper, iron, selenium, Vitamin A, D and E, that play crucial roles in the lives of animals and contributes to their overall healthy well-being. Some of the drivers within the market include; A growing need to produce quality animal products to consumers, customer awareness of animal feed, and improved feed ingredients formulation. This company’s target audience mainly consists of feed manufacturers, livestock producers, and veterinary nutritionists involved in the promotion of healthy liveliness and optimum feed performance.
Animal Feed Micronutrient Market Size is Valued at USD 1.97 Billion in 2024, and is Projected to Reach USD 3.22 Billion by 2032, Growing at a CAGR of 6.30% From 2024-2032.