Leading Element Driving Change in the Feed Micronutrients Market in 2025: Rising Demand For Poultry Products Fuels Expansion Of The Feed Micronutrient Market Driver

What Is the Estimated Market Size and Growth Rate for the Feed Micronutrients Market?
The market for feed micronutrients has seen robust growth in recent times. The market size, which stood at $1.86 billion in 2024, is projected to increase to $1.99 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.1%. The notable growth during the historic period has been influenced by factors such as heightened demand for meat products, escalation in livestock production, growth in per capita income, surging need for immune-boosting vitamins, and a rise in the demand for antioxidants in feed micronutrients.

In the coming years, the feed micronutrients market is anticipated to witness significant growth, eventually reaching $2.6 billion in 2029 with a compound annual growth rate (CAGR) of 7.0%. This expansion within the forecast period is majorly due to a surge in the demand for dairy and poultry products among others, requirement for feed micronutrients by ruminants, and the prevalent consumer inclination towards poultry products. Further contributing factors include the rising need for high-quality animal products and an increased demand for antioxidants present in feed micronutrients. In the future, key trends in this market would include the growth of sustainable practices, product innovation for improved nutritional content, increased spending on animal welfare, adoption of feed micronutrients, and a growing awareness about feed quality.

What Are the Forces Behind the Rapid Growth of the Feed Micronutrients Market?
An increase in the demand for products derived from poultry is projected to spur the expansion of the feed micronutrient market. Domesticated bird items, including those from chickens, turkeys, ducks, geese, and quails, are collectively referred to as poultry products. Their high nutritional value, vast culinary use, and cultural importance in various communities fuel this demand. Feed micronutrients play an invaluable role in poultry nourishment, fostering excellent health, enhanced productivity, and high-quality products, therefore ensuring the birds have adequate nutrients to flourish under diverse rearing conditions. For example, in a report from the US Food and Agriculture Organization (FAO), a US government agency, global poultry meat production was shown to have hit 142 million metric tons in December 2023, marking a 1% escalation from the preceding year. In the same report, the global output of ovine meat was shown to be 17.0 million metric tons in 2023, a 1.7% rise year-on-year. Hence, the escalating demand for poultry merchandise is propelling the feed micronutrient market's growth.

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Who Are the Dominant Companies Influencing Feed Micronutrients Market Trends?
Major companies operating in the feed micronutrients market are Cargill Incorporated, Archer Daniels Midland Company, BASF SE, Tyson Foods Inc., Evonik Industries AG, Syngenta Group, Nutreco N.V., Alltech Inc., Lallemand Inc., Kemin Industries Inc., Godrej Agrovet Ltd., Phibro Animal Health Corporation, Ridley Inc., Purina Animal Nutrition LLC, Zinpro Corporation, Novus International Inc., Biochem GmbH, Pancosma SA., Pancosma S.A., Procare Solutions, Tanke Industry Group, QualiTech LLC, Mercer Milling Company Inc., Davidson Brothers (Shotts) Ltd.

How Is the Feed Micronutrients Market Evolving?
Leading businesses in the feed micronutrient market are concentrating on creating unique products like organic-friendly chromium propionate feed elements to fulfill the escalating need for sustainable and potent animal nutrition solutions. An organic-friendly chromium propionate feed ingredient is a special type of nutritional supplement that complies with the organic farming rules and standards when added to animal feed. For example, Kemin Industries Inc., a specialty ingredients company based in the US, obtained the FDA's approval for using chromium propionate in growing turkey diets in January 2024, symbolizing an important breakthrough in animal nutrition. This authorization enables not only the use of chromium propionate, specifically Kemin's KemTRACE Chromium, in turkeys but also in swine, broiler chickens, cattle, and horses.

What Are the Different Segmentations in the Feed Micronutrients Market?
The feed micronutrients market covered in this report is segmented -

1) By Product Type: Minerals, Vitamins, Carotenoids, Others Product Types
2) By Form Type: Non-Chelated, Chelated
3) By Livestock: Poultry, Aquaculture, Swine, Equine, Other Livestocks

Subsegments:
1) By Minerals: Trace Minerals, Macro Minerals, Chelated Minerals
2) By Vitamins: Fat-Soluble Vitamins, Water-Soluble Vitamins, Pro-Vitamins And Synthetic Vitamins
3) By Carotenoids: Beta-Carotene, Lutein, Zeaxanthin, Astaxanthin
4) By Other Product Types: Amino Acids, Antioxidants, Enzymes, Organic Micronutrients

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Which Region Is at the Forefront of the Feed Micronutrients Market?
Asia-Pacific was the largest region in the feed micronutrients market in 2023. North America is expected to be the fastest growing region in the market. The regions covered in the feed micronutrients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Feed Micronutrients Global Market Report?

- Market Size Analysis: Analyze the Feed Micronutrients Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Feed Micronutrients 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 Feed Micronutrients Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Feed Micronutrients Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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