Animal Feed Micronutrients Market Expected to Hit US$ 2.83 Bn by 2031 - Persistence Market Research

The global animal feed micronutrients market is experiencing robust expansion, fueled by the increasing demand for meat and dairy products, and a global transition toward antibiotic-free livestock farming. Micronutrients, though required in minute quantities, play an indispensable role in livestock nutrition. They improve immunity, aid reproductive health, and enhance growth rates. The market is estimated to grow from US$1.72 Bn in 2024 to US$2.83 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.5% during the forecast period.

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Asia Pacific currently leads the global market with 32% market share, attributed to the region's large livestock population and escalating demand for meat. Minerals dominate the type segment with a 40% share, while poultry emerges as the leading animal category, accounting for 45% of the total market. As feed manufacturers continue to integrate innovative solutions like chelated minerals and precision nutrition, the market is poised to deliver enhanced feed efficiency and animal health.

Key Highlights from the Report

➤ Global meat consumption is a primary driver for micronutrient-enriched animal feed.
➤ Ban on antibiotics is pushing the adoption of micronutrients to boost immunity.
➤ Chelated minerals and precision feeding are key innovations enhancing absorption.
➤ Organic and sustainable livestock farming is fueling natural micronutrient demand.
➤ Regulatory pressures are leading to greater micronutrient adoption in feed.
➤ Asia Pacific and Latin America exhibit the highest growth due to rising meat demand.

Market Segmentation

The animal feed micronutrients market is segmented by type, animal type, and form. Based on type, the market includes minerals and vitamins, with minerals accounting for 40% of the total market share. These include vital elements like zinc, copper, iron, manganese, cobalt, iodine, and selenium, which are crucial for optimal reproductive health, immunity, and metabolic processes in livestock.

In terms of animal type, the market is segmented into poultry, ruminants, swine, and aquaculture. Poultry holds the dominant share at 45% due to increased demand for broilers and layers, while swine and aquaculture follow closely, driven by efficiency in feed conversion and enhanced health outcomes. By form, micronutrients are available in solid and liquid forms, with solid formulations seeing greater adoption due to ease of handling and stability during storage and transportation.

Regional Insights

Asia Pacific is projected to maintain its dominance through 2031, with China and India being key contributors. The region's massive population and rising urbanization are driving demand for protein-rich diets, leading to increased meat consumption. China, in particular, is a major consumer of pork, while India's dairy consumption remains unmatched.

Southeast Asian countries like Vietnam, Indonesia, and Japan contribute to growing demand through their preference for seafood and high-quality animal proteins. Latin America is also witnessing a rise in demand for feed micronutrients due to increasing livestock exports and economic development.

Meanwhile, North America and Europe remain important markets, supported by advanced livestock practices and stringent animal welfare regulations. The Middle East and Africa are expected to show moderate growth, with increasing investments in animal farming and food security initiatives.

Market Drivers

Growing Demand for Animal-based Products

The surge in global population and income levels is boosting the consumption of meat, dairy, and poultry products. This trend directly impacts the demand for high-quality animal feed to ensure efficient livestock production. Essential minerals like zinc, iron, and copper play a vital role in achieving optimal animal growth, enhancing immunity, and improving reproductive outcomes.

Transition to Antibiotic-free Livestock Farming

With regulatory bans on antibiotic usage in animal agriculture across regions like the EU and North America, micronutrients are gaining ground as a natural alternative. Selenium, iodine, and manganese are being increasingly incorporated into feed to support immunity and prevent diseases, reducing the reliance on antibiotics and aligning with clean-label and organic farming trends.

Technological Advancements in Feed Formulation

Innovations such as chelated minerals and precision nutrition systems are revolutionizing the market. Chelated minerals enhance bioavailability, ensuring maximum absorption, while precision nutrition optimizes feed composition based on the individual animal's nutritional needs, thereby reducing waste and improving efficiency.

Market Restraints

High Cost of Micronutrient-enriched Feed

Premium formulations come at a higher cost due to expensive raw materials and complex manufacturing processes. This poses a challenge for small-scale farmers in developing nations who may opt for cheaper alternatives, thus hindering widespread adoption of micronutrient-rich feed solutions.

Lack of Awareness and Technical Know-how

In emerging markets, livestock farmers often lack awareness about the long-term benefits of feed micronutrients. Moreover, incorrect dosage or poor administration can lead to suboptimal results, discouraging adoption. The industry must invest in education and training programs to bridge this knowledge gap.

Market Opportunities

Organic and Natural Feed Trends

Consumer preference for organic and chemical-free animal products is opening new avenues for natural and plant-derived micronutrients. Manufacturers can tap into this opportunity by developing clean-label feed additives that comply with organic farming regulations.

Growth of Precision Feeding Technologies

The adoption of data-driven feeding systems in modern livestock farms enables precise delivery of essential nutrients, including micronutrients. This not only improves animal health and productivity but also contributes to cost savings and sustainability.

Reasons to Buy the Report

✔ Gain in-depth understanding of current and future trends in the animal feed micronutrients market
✔ Identify key growth drivers, restraints, and opportunities impacting market performance
✔ Access detailed segmentation and regional analysis to tailor business strategies
✔ Leverage company insights and competitive intelligence for strategic decision-making
✔ Stay informed about the latest innovations, regulatory updates, and industry developments

Company Insights

• Cargill Incorporated
• Archer Daniels Midland (ADM)
• Zinpro Corporation
• DSM
• BASF SE
• Alltech
• CHR. Hansen Holdings A/S
• Lallemand Inc.
• Nutreco
• Charoen Pokphand Foods PCL
• Associated British Foods Plc
• Purina Animal Nutrition LLC
• Dallas Keith
• Balchem Inc.
• Kemin Industries, Inc.

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