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Asia-Pacific Feed Minerals Market Size

The Asia-Pacific feed minerals market is experiencing growth driven by the increasing demand for high-quality meat and the rising awareness of the benefits of feed minerals in animal nutrition. This market segment, a part of the broader feed additives industry, is expanding as minerals play a crucial role in supporting livestock metabolic functions. Macrominerals are anticipated to be the fastest-growing category, with poultry being the largest consumer. China leads the region in market size due to high meat consumption and a growing livestock population, while Japan and India are noted for their rapid growth rates. The overall market expansion is attributed to the growing use of feed minerals to meet the nutritional needs of animals across the region.

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Market Size of asia-pacific feed minerals Industry

Asia-Pacific Feed Minerals Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 1.20 Billion
svg icon Market Size (2029) USD 1.48 Billion
svg icon Largest Share by Sub Additive Macrominerals
svg icon CAGR (2024 - 2029) 4.24 %
svg icon Largest Share by Country China
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Asia Pacific Feed Minerals Market Analysis

The Asia-Pacific Feed Minerals Market size is estimated at 1.20 billion USD in 2024, and is expected to reach 1.48 billion USD by 2029, growing at a CAGR of 4.24% during the forecast period (2024-2029).

1.20 Billion

Market Size in 2024 (USD)

1.48 Billion

Market Size in 2029 (USD)

6.22 %

CAGR (2017-2023)

4.24 %

CAGR (2024-2029)

Largest Market by Sub-Additive

88.36 %

value share, Macrominerals, 2023

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Macrominerals is the largest segment as they provide nutrients and play an important role in the metabolic functions of livestock. Their demand also grew due to increased demand for milk, meat, and egg products.

Largest Market by Country

45.36 %

value share, China, 2023

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China is the largest market because of the increased livestock population and demand for meat and dairy.

Fastest-growing Market by Sub-Additive

4.28 %

Projected CAGR, Macrominerals, 2024-2029

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Macrominerals is the fastest sub-additive in the market due to the increase in the livestock population. Poultry animals are the largest consumers of minerals.

Fastest-growing Market by Country

5.20 %

Projected CAGR, Japan, 2024-2029

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Japan is the fastest-growing market due to increased feed production and demand for livestock products such as milk and eggs.

Leading Market Player

9.36 %

market share, Cargill Inc., 2022

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Cargill Inc. is the market leader because it has a distribution partnership with BASF SE and around 22 manufacturing facilities for minerals in Vietnam and China.

  • The Asia-Pacific feed mineral market is a growing segment in the feed additives market. It accounted for a 10.7% market share in terms of value in 2022. This market segment grew significantly by 38.0% from 2017 to 2022 due to the increasing demand for high-quality meat. Poultry was the largest user of minerals, accounting for 44.0% of the Asia-Pacific feed minerals market in 2022. Swine, ruminants, and aquaculture followed with 26.7%, 18.5%, and 9.9% shares, respectively.
  • Macrominerals are expected to be the fastest-growing segment in the minerals market, registering a CAGR of 4.3% during 2023-2029. In 2022, macrominerals accounted for USD 980.5 million, which is 9.4% of the feed additives market. Poultry is also the largest user of macrominerals, accounting for 43.1% of the Asia-Pacific macrominerals market. Swine and ruminants held the region's second- and third-largest market share, accounting for 26.2% and 20.1% of the market by value, respectively.
  • Microminerals are estimated to grow and register a CAGR of 3.8% during the forecast period, accounting for 11.6% of the Asia-Pacific feed minerals market. The poultry segment is the largest user of microminerals, accounting for 50.3% of the market by value in 2022. The swine and aquaculture segments are the second- and third-largest users, accounting for 30.7% and 10.9% of the market by value, respectively. The demand for microminerals increases in stressful circumstances that change an animal's physiological requirements.
  • The increasing demand for high-quality meat is expected to boost the Asia-Pacific feed minerals market, registering a CAGR of 4.2% during 2023-2029. The market growth is attributed to the rising demand for meat and the increasing awareness of the benefits of using feed minerals in animal nutrition.
Asia-Pacific Feed Minerals Market
  • The Asia-Pacific feed additives market saw significant growth in 2022, with feed minerals accounting for around 10.7% of its value and 18.3% of its volume. The market is projected to record a CAGR of 4.2% over the forecast period. Minerals are a crucial component of livestock feed, as they support metabolic functions when consumed in substantial amounts.
  • In the Asia-Pacific region, macrominerals were the most widely used feed minerals in animal feed, with a market value of USD 980.6 million in 2022. Poultry birds and swine were the largest consumers of these minerals, accounting for 44% and 26.7% of the market share, respectively.
  • China was the biggest market for feed minerals in the Asia-Pacific region, with a market size of USD 501.6 million in 2022, largely due to a high per capita meat consumption rate, which reached 45.7 kg in 2020 and is projected to continue growing over the forecast period. The country's expanding livestock population, which grew by 1.8% from 2017 to 2022, and the shift toward organized livestock production were also factors that contributed to the market's growth.
  • Japan was the fastest-growing country in the region, expected to record a CAGR of 5.2% during the forecast period from USD 65.0 million in 2022 to USD 92.5 million in 2029.
  • India was the second-largest market for feed minerals in the region, with a CAGR of 4.9% during the forecast period, making it the second-fastest-growing country. Ruminants were the primary consumers of feed minerals, accounting for 52.4% of the market in terms of value in 2022.
  • The growing use of feed minerals to fulfill animals' nutritional requirements is projected to drive the feed minerals market in the Asia-Pacific region.

Asia-Pacific Feed Minerals Industry Segmentation Asia Pacific Feed Minerals Industry Segmentation

Macrominerals, Microminerals are covered as segments by Sub Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal. Australia, China, India, Indonesia, Japan, Philippines, South Korea, Thailand, Vietnam are covered as segments by Country.

  • The Asia-Pacific feed mineral market is a growing segment in the feed additives market. It accounted for a 10.7% market share in terms of value in 2022. This market segment grew significantly by 38.0% from 2017 to 2022 due to the increasing demand for high-quality meat. Poultry was the largest user of minerals, accounting for 44.0% of the Asia-Pacific feed minerals market in 2022. Swine, ruminants, and aquaculture followed with 26.7%, 18.5%, and 9.9% shares, respectively.
  • Macrominerals are expected to be the fastest-growing segment in the minerals market, registering a CAGR of 4.3% during 2023-2029. In 2022, macrominerals accounted for USD 980.5 million, which is 9.4% of the feed additives market. Poultry is also the largest user of macrominerals, accounting for 43.1% of the Asia-Pacific macrominerals market. Swine and ruminants held the region's second- and third-largest market share, accounting for 26.2% and 20.1% of the market by value, respectively.
  • Microminerals are estimated to grow and register a CAGR of 3.8% during the forecast period, accounting for 11.6% of the Asia-Pacific feed minerals market. The poultry segment is the largest user of microminerals, accounting for 50.3% of the market by value in 2022. The swine and aquaculture segments are the second- and third-largest users, accounting for 30.7% and 10.9% of the market by value, respectively. The demand for microminerals increases in stressful circumstances that change an animal's physiological requirements.
  • The increasing demand for high-quality meat is expected to boost the Asia-Pacific feed minerals market, registering a CAGR of 4.2% during 2023-2029. The market growth is attributed to the rising demand for meat and the increasing awareness of the benefits of using feed minerals in animal nutrition.
Sub Additive
Macrominerals
Microminerals
Animal
Aquaculture
By Sub Animal
Fish
Shrimp
Other Aquaculture Species
Poultry
By Sub Animal
Broiler
Layer
Other Poultry Birds
Ruminants
By Sub Animal
Beef Cattle
Dairy Cattle
Other Ruminants
Swine
Other Animals
Country
Australia
China
India
Indonesia
Japan
Philippines
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
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Asia-Pacific Feed Minerals Market Size Summary

The Asia-Pacific feed minerals market is a significant and expanding segment within the broader feed additives industry, driven by the increasing demand for high-quality meat. This market has seen substantial growth, with poultry being the largest consumer of feed minerals, followed by swine, ruminants, and aquaculture. Macrominerals are anticipated to be the fastest-growing segment, with poultry again leading in consumption. The demand for microminerals is also on the rise, particularly in stressful conditions that alter animal physiological needs. The market's expansion is supported by the growing awareness of the benefits of feed minerals in animal nutrition, which is crucial for supporting metabolic functions in livestock.

China stands out as the largest market for feed minerals in the Asia-Pacific region, bolstered by high per capita meat consumption and a burgeoning livestock population. Japan and India are also notable markets, with significant growth rates projected. The region's dominance in global poultry production and the rapid development of the aquaculture sector further contribute to the market's growth. The Asia-Pacific feed minerals market is characterized by its fragmented nature, with major players like Archer Daniel Midland Co., BASF SE, Cargill Inc., SHV (Nutreco NV), and Solvay S.A. actively participating. Strategic moves by these companies, such as acquisitions and expansions, are expected to enhance their market positions and drive further growth.

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Asia-Pacific Feed Minerals Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Sub Additive

      1. 1.1.1 Macrominerals

      2. 1.1.2 Microminerals

    2. 1.2 Animal

      1. 1.2.1 Aquaculture

        1. 1.2.1.1 By Sub Animal

          1. 1.2.1.1.1 Fish

          2. 1.2.1.1.2 Shrimp

          3. 1.2.1.1.3 Other Aquaculture Species

      2. 1.2.2 Poultry

        1. 1.2.2.1 By Sub Animal

          1. 1.2.2.1.1 Broiler

          2. 1.2.2.1.2 Layer

          3. 1.2.2.1.3 Other Poultry Birds

      3. 1.2.3 Ruminants

        1. 1.2.3.1 By Sub Animal

          1. 1.2.3.1.1 Beef Cattle

          2. 1.2.3.1.2 Dairy Cattle

          3. 1.2.3.1.3 Other Ruminants

      4. 1.2.4 Swine

      5. 1.2.5 Other Animals

    3. 1.3 Country

      1. 1.3.1 Australia

      2. 1.3.2 China

      3. 1.3.3 India

      4. 1.3.4 Indonesia

      5. 1.3.5 Japan

      6. 1.3.6 Philippines

      7. 1.3.7 South Korea

      8. 1.3.8 Thailand

      9. 1.3.9 Vietnam

      10. 1.3.10 Rest of Asia-Pacific

Asia-Pacific Feed Minerals Market Size FAQs

The Asia-Pacific Feed Minerals Market size is expected to reach USD 1.20 billion in 2024 and grow at a CAGR of 4.24% to reach USD 1.48 billion by 2029.

In 2024, the Asia-Pacific Feed Minerals Market size is expected to reach USD 1.20 billion.

Asia Pacific Feed Minerals Market Report Snapshots

Asia Pacific Feed Minerals Market Size & Share Analysis - Growth Trends & Forecasts Up To 2029