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Mineral Feed Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
The Mineral Feed Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Current Mineral Feed Market Size and Its Estimated Growth Rate?
The market size of mineral feed has experienced significant growth in the past few years. The forecast predicts an increase from $5.01 billion in 2024 to $5.29 billion in 2025, showcasing a compound annual growth rate (CAGR) of 5.7%. The historical growth can be credited to the increase in livestock population, heightened awareness regarding animal nutrition, escalation of livestock farming, governmental efforts in promoting livestock health, and a heightened focus on animal welfare.
Anticipated robust expansion in the mineral feed market is projected to increase the size to $6.46 billion by 2029, with a compound annual growth rate (CAGR) of 5.1%. The assured growth for the forecasted period is credited to the concentration on sustainable agriculture, upsurge in meat intake, advancements in feed additive technology, precision livestock farming, and regulatory focus on animal nutrition and climate change adaptation. During the forecasted period, significant trends include the increasing focus on animal health and nutrition, a surge in the adoption of specialty minerals, commitment to regulatory compliance and quality assurance, technological progress in feed manufacturing, and an emphasis on sustainable and ethical sourcing.
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What Are the High-Growth Segments in the Mineral Feed Market?
The mineral feed market covered in this report is segmented -
1) By Macro Minerals Types: Calcium, Phosphorous, Magnesium, Potassium, Other Macro Minerals
2) By Micro Minerals Types: Iron, Copper, Zinc, Other Micro Minerals
3) By Animal Type: Ruminant, Poultry, Swine, Aquaculture, Other Animal Types
Subsegments:
1) By Calcium: Calcium Carbonate, Calcium Phosphate, Calcium Citrate
2) By Phosphorous: Dicalcium Phosphate, Monocalcium Phosphate, Defluorinated Phosphate
3) By Magnesium: Magnesium Oxide, Magnesium Sulfate, Magnesium Carbonate
4) By Potassium: Potassium Chloride, Potassium Sulfate, Potassium Nitrate
5) By Other Macro Minerals: Sodium, Sulfur, Chlorine
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What Key Drivers Are Expected to Influence Future Mineral Feed Market Growth?
The surge in demand for dietary additives foretells an upward trajectory for the mineral feed market. Mineral feeds, being a crucial source of necessary minerals and trace elements, play an essential role in the healthy growth, development, and welfare of livestock animals. The rising need for animal produce directly corresponds to the requirement to boost efficiency and productivity in livestock farming. This improvement can be accomplished using mineral feeds, explicitly created to help supplement any deficiencies in an animal's food intake. For example, data from the Consumer Survey on Dietary Supplements, a 2022 web-based study involving 3,133 US adults aged 18 and above, and 2,342 adults who consume dietary supplements seasonally, made by The Council for Responsible Nutrition (CRN), a trade association based in the US and represents over 200 dietary supplement* and functional food manufacturers, indicates that 75% of Americans are dietary supplement* users, with the majority being regular users. Hence, the burgeoning demand for dietary additives stimulates the progression of the mineral feed market.
Which Companies Hold the Largest Share Across Different Mineral Feed Market Segments?
Major companies 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., BASF SE, Novozymes A/S, Mercer Milling Company, Pancosma SA, Archer-Daniels-Midland Company, Adisseo France SAS, Alltech Inc., Animine, Bio Minerals NV, Biochem Zusatzstoffe Handels, Bioiberica SAU, Biomin Holding GmbH, CJ CheilJedang Corp., Danisco Animal Nutrition, Davidsons Animal Feeds, De Heus Vietnam LLC, Evonik Industries AG, Global Animal Products Inc., JH Biotech Inc., Kay Dee Feed Company, Lallemand Animal Nutrition Inc.
What Trends Are Driving Growth in The Mineral Feed Market?
Significant product innovation is an emerging trend in the mineral feed market. Major players in the field are concentrated on introducing novel solutions with the aim of amplifying their market standing. For example, Evonik Industries, a German-based chemical company, inaugurated Biolys in June 2023. This latest formulation of Biolys encompasses 62.4% L-lysine, which corresponds to an 80% ratio to Lysine HCl, a notable increase from the earlier version which featured a 60% L-lysine at a 77% ratio. This revamped product also integrates vital nutrients and energy derived from fermentation, providing benefits for livestock types such as swine and poultry.
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What Are the Emerging Geographies for The Mineral Feed Market Growth?
Asia-Pacific was the largest region in the mineral feed market in 2024. Middle East and Africa is expected to be the fastest-growing region in the mineral feed market report during the forecast period. The regions covered in the mineral feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Mineral Feed Market?
2. What is the CAGR expected in the Mineral Feed Market?
3. What Are the Key Innovations Transforming the Mineral Feed Industry?
4. Which Region Is Leading the Mineral Feed Market?
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