Strong Growth Ahead: Feed Micronutrients Market Size To Grow At Arecord 7% Cagr By 2029

The Feed Micronutrients 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].

How Big Is the Feed Micronutrients Market Size Expected to Be by 2034?
The feed micronutrients market has expanded significantly in recent years. It will grow from $1.86 billion in 2024 to $1.99 billion in 2025, at a compound annual growth rate (CAGR) of 7.1%. This growth is driven by increased demand for meat products, livestock production, higher per capita incomes, the need for vitamins to boost immunity, and a rise in antioxidants in feed micronutrients.

The feed micronutrients market size is projected to experience significant growth in the coming years, reaching $2.6 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. The growth during this period can be attributed to increased demand for dairy and poultry products, the need for feed micronutrients in ruminants, high consumer preference for poultry, rising demand for high-quality animal products, and greater demand for antioxidants in feed. Key trends in the forecast period include a rise in sustainable practices, product innovation, new methods for improving nutritional content, higher spending on animal welfare, greater adoption of feed micronutrients, and growing awareness of feed quality.

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What Are the Emerging Segments Within 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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What Long-Term Drivers Are Shaping Feed Micronutrients Market Trends?
The increasing demand for poultry products is expected to propel the feed micronutrient market. Poultry products, including meat and eggs, are essential protein sources with widespread dietary and economic value. Their rising demand is linked to affordability, versatility, and nutritional benefits. Feed micronutrients are essential in poultry diets to support immunity, growth, and productivity. For instance, in December 2023, the FAO reported that global poultry meat output reached 142 million metric tons in 2023, a 1% increase from the previous year. Similarly, ovine meat output rose to 17.0 million metric tons, up by 1.7%. Therefore, growing poultry consumption is fueling the feed micronutrient market.

Who Are the Top Competitors in Key Feed Micronutrients Market Segments?
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.

What Are the Major Trends Shaping the Feed Micronutrients Market?
Leading firms in the feed micronutrient market are concentrating their efforts on producing novel products such as organic-compliant chromium propionate feed components to cater to the increasing need for sustainable and efficient animal nutrition interventions. The organic-compliant chromium propionate feed component is a nutritional supplement utilized in animal feeds that adheres to the standards and guidelines set for organic farming. For example, in January 2024, Kemin Industries Inc., an American specialty ingredients firm, officially announced the FDA's sanctioning of chromium propionate's use in the diets of growing turkeys, hence constituting a significant milestone for animal nutrition. This sanction enables the application of chromium propionate, more specifically Kemin's KemTRACE Chromium, in not only turkeys but also in swine, broiler chickens, cattle, and horses.

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Which Regions Are Becoming Hubs for Feed Micronutrients Market Innovation?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Feed Micronutrients Market?
2. What is the CAGR expected in the Feed Micronutrients Market?
3. What Are the Key Innovations Transforming the Feed Micronutrients Industry?
4. Which Region Is Leading the Feed Micronutrients Market?

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