Global Animal Feed Micronutrients
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Animal Feed Micronutrient market size will be XX million by 2030, whereas its compound annual growth rate (CAGR) will be XX% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Animal Feed Micronutrients Market Sales Revenue 2021 | $ 1.68 Billion |
Global Animal Feed Micronutrients Market Sales Revenue 2030 | $ 3.49 Billion |
Global Animal Feed Micronutrients Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.86% |
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Market Restrains:
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Market Trends:
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Market Split by Nutrient Type |
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Market Split by Livestock |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Animal Feed Micronutrients Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Animals including livestock, farm animals, and marine life are given nutrient-rich diets that are high in proteins, minerals, and vitamins, referred to as animal feed micronutrients. Typically consumed by domesticated animals, these nutrients are found in various forms like forage, fodder, hay, silage, pelleted feeds, oilseeds, and sprouted grains. Micronutrients in animal feed play a crucial role in animal husbandry, varying based on the intended production of milk, meat, or eggs. Worries about meat safety have boosted the need for high-quality micronutrients in animal feed. The growing realization among farmers of the importance of sustaining a nutritious diet for animals is also driving the expansion of the animal feed micronutrient market. Consequently, they are shifting from traditional micronutrients to superior and functional options that enhance the animals' immunity to endemic diseases and decrease their chances of developing metabolic disorders, injuries, and infections.
A key trend in the animal feed micronutrients market is the growing preference for environmentally sustainable and eco-friendly products. Additionally, there is an increasing use of technology to improve both the quality and productivity of these products. The animal feed micronutrients market research report for 2024 outlines these trends, growth opportunities, and potential developments through 2031. The animal feed micronutrient market is set for ongoing growth in the upcoming years, driven by heightened demand for sustainable and innovative products, coupled with the broad implementation of technological advancements.
A heightened focus on animal health is set to propel market expansion. Additionally, a surge in cattle farming is expected to boost the need for animal feed micronutrients. The growing human consumption of animal products is anticipated to escalate market demand. Advocates for natural growth will likely be more influential in the market as their influence increases. Increased consumer knowledge about the advantages of utilizing feed additives for disease prevention has driven market demand.
Concerns over food safety have spurred demand for top-quality animal feed micronutrients to guarantee the safety of meat. Additionally, a key driver for the animal feed micronutrient market’s expansion is the heightened awareness among farmers about the importance of a nutritious diet for animals. Consequently, they are shifting from standard to functional and premium micronutrient feeds that enhance animal immunity against endemic diseases and reduce the risk of metabolic issues, acidosis, injuries, and infections.
Moreover, the rising demand for organic meat among consumers in developed nations, coupled with the adoption of innovative animal-rearing methods and adherence to stringent farming standards, has contributed to a favorable outlook for the sector.
Consumer perception awareness and opinions on animal feed micronutrients can greatly influence market trends and acceptance. As the importance of micronutrients in animal diets becomes more recognized among producers and industry insiders, consumer understanding might vary significantly between different areas and market groups. Lack of knowledge or incorrect beliefs about the benefits of micronutrients in animal feed can limit market development. If consumers do not fully grasp the advantages or have incorrect views about the need for micronutrients in animal feed, they might be hesitant to purchase what they see as unnecessary or unfamiliar products, thus limiting market growth.
The extent of consumer knowledge and attitudes towards animal feed micronutrients can affect buying behaviors and shape market dynamics. In markets lacking strong consumer education or where misconceptions are widespread, there may be a reluctance to buy animal feeds enriched with micronutrients. This disparity in consumer knowledge highlights the need for focused educational and communication efforts to improve understanding and build consumer trust in the benefits of micronutrient supplementation for animal diets.
Tackling the challenges related to consumer perception and awareness about animal feed micronutrients offers a chance for industry stakeholders to promote growth and acceptance.
• For Instance: Apr 25, 2022 – Consumer Perception Of Organic Food Production And Farm Animal Welfare.
https://www.researchgate.net/publication/235311290_Consumer_perception_of_organic_food_production_and_farm_animal_welfare
Agriculture and food production have been essential sectors globally during the COVID-19 crisis, leading farmers to ensure livestock maintain high-quality diets to support a growing number of global consumers. Two major factors are expected to notably impact the Animal Feed Micronutrient market: the ongoing Russia-Ukraine conflict and the aftermath of the COVID-19 pandemic. The war has led to political and economic turmoil, which has weakened consumer purchasing power in the affected region.
Furthermore, the pandemic has caused significant disruptions in supply chains, posing difficulties in production and distribution for manufacturers. The production, delivery plans, and sales items on the global market have all suffered as a result of the closure of numerous plants and companies. Additionally, logistical challenges have affected the availability of shipping containers and vessels, complicating the distribution of certain micronutrient ingredients. Consequently, these combined influences are likely to result in slow growth for the market.
The growing emphasis on precision nutrition and personalized approaches in animal production creates significant opportunities for micronutrient manufacturers to offer customized products and services. Producers are increasingly adopting precision feeding techniques to optimize nutrition, health, and performance based on specific animal needs and production goals. This trend towards precision nutrition enables a more focused strategy in animal care, refining feed compositions to address distinct dietary requirements and boost productivity. Micronutrient supplements are essential in this scenario, as they can be finely adjusted to meet the particular nutritional needs of various animal species, breeds, stages of production, and environmental factors.
By tailoring micronutrient supplements to meet precise nutritional needs, producers can improve the efficiency of feed formulations and avoid over-supplementation. This specialized approach not only improves animal health and performance but also promotes sustainable practices by lowering the environmental impact of excess nutrient usage.
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The global animal feed micronutrient market is characterized by a complex set of factors that dictate competitive conditions. Companies continuously adjust to shifts in consumer preferences, regulatory changes, and technological progress to stay ahead. A major area of focus is the innovation in feed compositions and manufacturing methods, which allows businesses to offer enhanced products that meet changing nutritional requirements. Both new and established companies invest in research and development to tailor their products to current market trends, striving to secure a larger market share. Collaborative efforts, strategic partnerships, and mergers and acquisitions also play a significant role in sculpting the competitive landscape by opening up access to new markets and technologies.
Top Companies Market Share in Animal Feed Micronutrients Industry: (In no particular order of Rank)
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Global Animal Feed Micronutrients Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Animal Feed Micronutrients Industry growth. Animal Feed Micronutrients market has been segmented with the help of its Nutrient Type, Livestock , and others. Animal Feed Micronutrients market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The market for animal feed micronutrients can be divided into various segments including iodine, zinc, iron, molybdenum, copper, manganese, and others. In 2024, the zinc segment dominated the market due to its numerous advantages when used as a feed nutrient. Zinc is crucial for the overall health and performance of animals, playing a key role in the metabolism of carbohydrates which are essential for the synthesis and breakdown of biochemical substances. A zinc deficiency can cause various issues such as reduced appetite, fatigue, skin parakeratosis, and infections. Furthermore, the segments for zinc and copper are projected to be the fastest growing, with a compound annual growth rate (CAGR) of XX% from 2024 to 2031. This increase is driven by the growing demand for these micronutrients to maintain animal health. Copper is particularly valued for its benefits to skin color, wool growth, and the effective operation of white blood cells in animals. Its role in supporting healthy nerve fibers has also made it increasingly popular among poultry farmers.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Animal Feed Micronutrients Industry. Request a Free Sample PDF!
The market for Animal Feed Micronutrients is categorized by types of livestock such as dairy cattle, poultry, swine, aquaculture, and others. By livestock, poultry dominated the global animal feed micronutrient market share in 2024. Micronutrients play a critical role in the development of broilers, layers, and turkeys, significantly enhancing their reproduction, health, and overall performance. As consumer awareness grows regarding the nutritional benefits of poultry, meat, and eggs enriched with vitamins and minerals, the demand for animal micronutrient feed products is expected to rise. Meanwhile, the dairy cattle segment is projected to grow the fastest, with an estimated compound annual growth rate (CAGR) of XX% FROM 2024 to 2031. This anticipated growth is driven by the rising global consumption of milk and dairy products such as cheese and clarified butter. The swine segment is anticipated to grow at a high CAGR in the years to come. Aquaculture, however, is anticipated to see a potential CAGR of XX% from 2024 to 2031. Increasing production and expanding aquaculture’s contribution to the fight against poverty and malnutrition, raising the importance of micronutrients.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Animal Feed Micronutrients market report 2024 Edition by contacting our team.
According to Cognitive Market Research, Asia Pacific holds a dominant share in the market owing to an increase in the population preference for healthy meat and dairy products majorly in India and China, an increase in the adoption of pet animals, rapid urbanization, and a rise in cattle population. People are spending more than ever on healthy and protein-rich foods. These purchasing trends are anticipated to be heightened as Asia is on its track to becoming the wealth center of the world. Additionally, the region’s vast and diverse agricultural landscape plays a crucial role, as it determines the availability and sourcing of feed ingredients.
The market for Animal Feed Micronutrients in China is expected to grow from XX USD million in 2024 to XX USD million by 2031, with a compound annual growth rate (CAGR) of XX% from 2024 to 2031. China is the largest pork producer’s market, followed by Vietnam, Thailand, South Korea, Japan, and the Philippines. Since ancient times, pork meat has been consumed in the region and is the most popular meat due to its high-fat content and flavors.
According to Cognitive Market Research, North America holds a significant portion of the market due to a surge in pet adoption, higher spending on animal health and welfare, and growing awareness of the benefits of micronutrients in animal feed, all of which are anticipated to drive market growth.
In the United States, the market for animal feed micronutrients emphasizes the improvement of the overall health and well-being of animals. Micronutrients, which are essential nutrients required in small quantities, are crucial for proper physiological functioning, growth, and development. In the United States, the increasing demand for high-quality animal products such as meat, milk, and eggs is fueling the need for feed supplements enriched with micronutrients like vitamins, minerals, and trace elements to enhance their nutritional value. The market for Animal Feed Micronutrients in the US & Canada is projected to grow from a value of XX USD million in 2024 to XX USD million by 2031, achieving a compound annual growth rate (CAGR) of XX% over the period from 2024 to 2031.
The current report Scope analyzes Animal Feed Micronutrients Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
I am committed to continuous professional development, regularly engaging in workshops, seminars, and staying attuned to the latest industry trends. This commitment reflects my dedication to providing cutting-edge insights and staying ahead in the ever-evolving field of research. I led research initiatives aimed at uncovering market opportunities and enhancing competitive positioning. My responsibilities spanned the entire research lifecycle, from designing methodologies to presenting findings. Through collaborative efforts, I facilitated data-driven decision-making processes that contributed to the overall success of key projects.
Animal Feed Micronutrient market outlook between 2024 to 2031, the animal feed micronutrients market is set to exhibit steady and positive growth, showing a promising future for the sector.
A major factor propelling the animal feed micronutrient market forward is the increasing awareness among consumers about health and wellness. This increased awareness is driving demand for animal feed micronutrient products that are seen as healthier and more natural options. Additionally, technological innovations in the animal feed micronutrient industry have resulted in more effective and sustainable production techniques, which are also contributing to the market’s expansion. Additionally, major industry players are committing significant resources to investment, expected to spur innovation and boost market growth.
In conclusion, the future of the animal feed micronutrient market looks bright, with continued expansion anticipated in the upcoming years.
• July 28, 2023 – Ensus UK gears up to produce high-protein aquafeed.
German biofuels manufacturer CropEnergies is to invest more than €100 million into its UK-based company Ensus UK to fund projects, including the production of high-protein feed for the aquafeed and pet food markets.
https://thefishsite.com/articles/ensus-uk-gears-up-to-produce-high-protein-aquafeed
• Apr 27, 2022 – Marel to acquire Wenger, a global leader in processing solutions for pet food, plant-based proteins, and aqua feed.
The acquisition of Wenger is a platform investment into new, complementary, and attractive growth markets for Marel and will form the fourth business segment alongside poultry, meat, and fish. The acquisition is subject to customary closing conditions such as anti-trust and approval of Wenger’s shareholders.
https://marel.com/en/news/marel-to-acquire-wenger-a-global-leader-in-processing-solutions-for-pet-food-plant-based-proteins-and-aqua-feed/
• Oct 19, 2021 – BASF and Cargill expand their partnership to develop and market innovative enzyme-based solutions for the animal feed industry.
BASF and Cargill are expanding their partnership in the animal nutrition business, adding research and development capabilities and new markets to the partners' existing feed enzyme distribution agreements. Together they will develop, produce, market, and sell customer-centric enzyme products and solutions. The goal is to bring farmers to feed innovations that reduce nutrient waste, improve feed efficiency, and promote animal growth and well-being.
https://www.cargill.com/2021/basf-and-cargill-expand-partnership
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Nutrient Type | Iron, Copper, Zinc, Boron, Manganese |
Livestock | Ruminant, Poultry, Swine, Aquaculture, Equine |
List of Competitors | CHR. Hansen Holdings A/S (Denmark), Lallemand Inc. (Canada), Novus International (US), DSM (Netherlands), BASF SE (Germany), Alltech (US), ADM (US), Charoen Popkphand Foods PCL (Thailand), Associated British Foods Plc (UK), Cargill Incorporated (US), Purina Animal Nutrition LLC (US), Zinpro Corp (US), Dallas Keith (UK), Others |
This chapter will help you gain GLOBAL Market Analysis of Animal Feed Micronutrients. Further deep in this chapter, you will be able to review Global Animal Feed Micronutrients Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Animal Feed Micronutrients Market Trends North America Animal Feed Micronutrients Technological Road Map North America Animal Feed Micronutrients Market Drivers North America Animal Feed Micronutrients Market Restraints North America Animal Feed Micronutrients Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Nutrient Type Analysis 2019 -2031, will provide market size split by Nutrient Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Nutrient Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Livestock Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Animal Feed Micronutrients market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Iron have a significant impact on Animal Feed Micronutrients market? |
What are the key factors affecting the Iron and Copper of Animal Feed Micronutrients Market? |
What is the CAGR/Growth Rate of Ruminant during the forecast period? |
By type, which segment accounted for largest share of the global Animal Feed Micronutrients Market? |
Which region is expected to dominate the global Animal Feed Micronutrients Market within the forecast period? |
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