Press release
Global Mineral Feed Market: Robust Growth, Key Players, and Market Trends Forecasted by 2025
Mineral Feed Market Share
The rapid expansion of the mineral feed market has led to bullish forecasts.
• Surge from $5.01 billion in 2024 to $5.29 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. Factors such as livestock population growth, increased awareness around animal nutrition, intensification of livestock farming, government initiatives supporting livestock health, and a focus on animal welfare have contributed to this growth.
• The market size is anticipated to grow steadily, reaching $6.46 billion in 2029 at a CAGR of 5.1%. The factors influencing this growth include a focus on sustainable agriculture, a rise in meat consumption, technological innovations in feed additives, precision livestock farming, and a regulatory emphasis on animal nutrition.
What Is Driving the Growth in the Mineral Feed Market?
The rising demand for nutritional supplements is propelling the growth of the mineral feed market. Mineral feeds are crucial sources of essential minerals and trace elements, fundamental for the growth, development, and health of livestock animals. As the demand for animal products increases, the need for improved productivity and efficiency in livestock farming follows suit. This can be met using mineral feeds that are specially formulated to supplement the minerals and nutrients that an animal's diet may lack. According to a 2022 online survey by The Council for Responsible Nutrition (CRN), 75% of Americans use dietary supplements, most of them regularly. As such, the increase in demand for nutritional supplements is a considerable driving force for the mineral feed market.
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Who Are the Key Players Driving Mineral Feed Market Growth?
The major players operating in the mineral feed market include:
• Nutreco NV
• Novus International Inc.
• Kemin Industries
• Cargill Incorporated
• Koninklijke DSM NV
• Brilliant Bio Pharma Pvt. Ltd.
• Purina Mills LLC
• Josera Petfood GmbH and Co. KG
• Kalmbach Feeds Inc.
• Ranch-Way Inc.
What Are The Key Trends In The Mineral Feed Market?
Key trends in the mineral feed market include:
• Increasing emphasis on animal nutrition and health
• Rising adoption of specialty minerals
• Regulatory compliance and quality assurance
• Technological advancements in feed manufacturing
• Focus on sustainable and ethical sourcing
What Are The Segments Of The Global Mineral Feed Market?
The global mineral feed market is divided into the following segments:
1) Macro Minerals Types: Calcium, Phosphorous, Magnesium, Potassium, Other Macro Minerals
2) Micro Minerals Types: Iron, Copper, Zinc, Other Micro Minerals
3) Animal Type: Ruminant, Poultry, Swine, Aquaculture, Other Animal Types
Which Region Leads the Mineral Feed Market?
Asia-Pacific was the largest region in the mineral feed market in 2024, while Middle East and Africa is expected to be the fastest-growing region during the forecast period. The regions covered are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Mineral Feed Market Global Market Report?
- Market Size Analysis: Analyze the Mineral Feed Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Mineral Feed Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Mineral Feed Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Mineral Feed Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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