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Feed Micronutrients Market Size By Product (Trace Minerals [Iron, Zinc, Manganese, Copper, Boron], Vitamins [Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin K, Vitamin E, Carotenoids]), By Livestock (Poultry, Ruminant, Aquaculture, Swine, Equine) Industry Analysis Report, Regional, Growth Potential, Price Trends, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI1921
  • Published Date: Nov 2021
  • Report Format: PDF

Industry Trends

Feed Micronutrients Market size exceeded USD 1.6 billion in 2020 and is estimated to grow at over 6% CAGR between 2021 and 2027. Increasing focus towards enhancement of animal health and productivity supported by surge in consumption of dairy and meat products will promote product demand.

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Increasing pressure on livestock sector to meet growing demand for high-value animal protein has urged the livestock farmers and breeders to include feed micronutrients in feed products for increasing their production.

Increasing utilization of vitamins and trace minerals for the activation of essential enzymes & hormones, that are vital for livestock’s metabolic processes will propel the industry growth. These nutrients also contribute to disease prevention and cure and increase the digestibility of livestock. Besides, key benefits including skeletal development, optimum health, immunity, and facilitation of high milk production will provide positive outlook for the feed micronutrients market expansion.

Rapid growth in the animal feed industry particularly in the emerging economies such as Brazil, Mexico, China, India, South Africa, and Indonesia will provide a positive business opportunity for industry participants. Growing health concerns owing to the presence of lower amounts of vital ingredients in the forage will fuel the product landscape. Moreover, significant R&D investments owing to the rapid technological advancements in the forage industry along with a growing need for dairy and poultry products will further promulgate the industry size.

Favourable government regulations and norms particularly by CFIA, REACH, and FDA for preventing micronutrient malnutrition and reduction of synthetic additives consumption will proliferate the business expansion in the projected time period. In addition, increasing trend for clean label products requiring a strict approval process by these regulatory bodies will further enhance the product portfolio. However, the requirement of high R&D expenditures for the development of organic minerals and stringent regulations to control the use of zinc and copper that are considered as soil pollutants is expected to restrain the overall industry growth.

Positive application scope of trace minerals source in animal feed industry to boost overall market statistics

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Based on product, feed micronutrients market is segmented into trace minerals, vitamins, and others. The demand for trace mineral products is set to surpass USD 1 billion by 2027. Increasing disease outbreaks among poultry and ruminants owing to deficiency of iron, copper, zinc, boron, manganese, etc. will positively influence the product demand. Zinc forms an essential component of the DNA and RNA polymerase enzymes and participates in the metabolism of lipids, carbohydrates, and proteins. Besides, high demand for water content, protein, energy, and minerals in animal diets for improving growth, lactation & reproduction is anticipated to boost the segment growth.

Surging demand for antioxidants in animal feed supplements for enhancing and regulating the body functions among the livestock will proliferate the overall industry size. Rising demand for organic minerals owing to their beneficial effects on animal performance pertaining to bioavailability of micronutrients will stimulate segment expansion. Key benefits of trace minerals including prevention and cure of diseases, reducing mortality rates, improving digestibility and reproduction rates will further propel the product adoption rate.

Steady rise in consumption of poultry products will support the growth of feed micronutrients market

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Poultry segment is anticipated to surpass over USD 1.1 billion by 2027. Micronutrients play a vital role in the overall development of broilers, layers, and turkey birds. Trace minerals, essential nutrients, and vitamins facilitate superior reproduction, health, and overall performance of the poultry birds. Rising consumer awareness pertaining to the vitamins and minerals enriched poultry meat and eggs is expected to augment the product demand.

Rapid expansion of poultry products manufacturing facilities particularly in European countries including the UK, Germany, France, and Russia will augment the segment growth. Furthermore, factors such as consumer preference for poultry products containing a higher amount of nutrients coupled with high prices of poultry substitutes such as beef or pork will support industry outlook.

Asia Pacific feed micronutrients industry expansion is attributed to strong growth in feed industry and upsurge in meat consumption

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Asia Pacific led the feed micronutrients market share in 2020 and is anticipated to grow at a considerable rate of over 6% from 2021 to 2027. Upsurge in the consumption of several meat products owing to the rapid urbanization and changing dietary patterns in the developing economies such as Indonesia, India, China, and Japan will drive the regional market size. For instance, as per the Global Trade Tracker, China consumed around 86 million tonnes of meat in 2020. Additionally, surge in demand for nutritious animal-based food by the geriatric population for bone health will further promulgate the overall market growth across the region.

Rising financial support by the governments for the aquaculture sector with higher seafood consumption is expected to drive the market statistics in the region. Rapidly growing population along with surge in consumer disposable income are expected to augment the demand for meat and dairy products, thus supporting business expansion. Besides, increased domestic demand for meat coupled with rising meat exports is anticipated to further boost the regional industry size.

R&D activities and new product launches to remain prime business strategies by market players

Global feed micronutrients market is highly competitive in nature due to the presence of numerous regional and local manufacturers operating worldwide. The key players in the market include Phibro Animal Health Corp, Novus International Inc., Alltech Inc., Royal DSM, Kemin Industries, Zinpro Corp., Cargill Inc., Nutreco NV., and Archer Daniels Midland. The key market participants are implementing various strategies includes expansion of product portfolio and mergers & acquisitions in order to increase business share and to tap the growth opportunities in the market.

For instance, in February 2021, Kemin Industries announced to launch KemTRACE Chromium-OR, an organic-compliant chromium propionate feed ingredient for use in horse, cattle, swine, and broiler diets. The product is available in two concentrations including 0.04% for use in complete diets and 0.4% for use in a premix before inclusion in complete diets. This strategy will help the company to expand its chromium product portfolio and enhance its share in the feed micronutrients market.

Feed micronutrients market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo tons & revenue in USD million from 2016 to 2027, for the following segments:

By Product

  • Trace Minerals
    • Iron
    • Zinc
    • Manganese
    • Copper
    • Boron
    • Others
  • Vitamins
    • Vitamin A
    • Vitamin B
    • Vitamin C
    • Vitamin D
    • Vitamin K
    • Vitamin E
    • Carotenoids
  • Others

By Livestock

  • Poultry
  • Ruminant
  • Aquaculture
  • Swine
  • Equine

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Thailand
    • Indonesia
    • Vietnam
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The global feed micronutrients industry share was over USD 1.6 billion in 2020 and could observe a 6% CAGR through 2027 owing to the growing emphasis towards enhancement of animal health and productivity and the higher consumption of dairy and meat products.
Trace minerals, which are anticipated to account for over USD 1 billion through 2027 due to the growing disease burden among poultry and ruminants, as well as vitamins are the major feed micronutrients.
The feed micronutrients market size from the poultry livestock segment will exceed USD 1.1 billion by 2027 driven by a higher need for the overall development of broilers, layers, and turkey birds.
The feed micronutrients market revenue in the Asia Pacific is expected to grow at a rate of 6% till 2027 owing to the rapid urbanization and changing dietary patterns in Indonesia, India, China, and Japan along with the increasing consumption of several meat products.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 18
  • Tables & Figures: 429
  • Countries covered: 22
  • Pages: 300
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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