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China Feed Minerals Market Size

The China Feed Minerals Market is projected to experience growth over the forecast period, driven by increasing demand for high-quality meat and dairy products among health-conscious consumers. Despite a decline due to the COVID-19 pandemic, the market has shown resilience, with macrominerals, particularly calcium, phosphorus, and magnesium, being the most utilized, especially in poultry feed. Microminerals also play a significant role, with zinc, copper, manganese, iron, and selenium being commonly supplemented. China's substantial market share in the Asia-Pacific region underscores its dominance, as the demand for feed additives linked to health benefits continues to rise.

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Market Size of china feed minerals Industry

China Feed Minerals Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 547.48 Million
svg icon Market Size (2029) USD 686.40 Million
svg icon Largest Share by Sub Additive Macrominerals
svg icon CAGR (2024 - 2029) 4.63 %
svg icon Fastest Growing by Sub Additive Macrominerals
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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China Feed Minerals Market Analysis

The China Feed Minerals Market size is estimated at 547.48 million USD in 2024, and is expected to reach 686.40 million USD by 2029, growing at a CAGR of 4.63% during the forecast period (2024-2029).

547.48 Million

Market Size in 2024 (USD)

686.40 Million

Market Size in 2029 (USD)

5.72 %

CAGR (2017-2023)

4.63 %

CAGR (2024-2029)

Largest Market by Sub-Additive

88.18 %

value share, Macrominerals, 2023

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Macrominerals are the largest segment due to their ability to prevent different diseases, such as rickets and osteomalacia, and the increased demand for milk, eggs, and meat.

Largest Market by Animal

49.31 %

value share, Poultry, 2023

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Poultry is the largest segment due to an increase in the demand for poultry meat and eggs in the region, along with macrominerals, which are good for bone strength.

Fastest-growing Market by Sub-Additive

4.71 %

Projected CAGR, Macrominerals, 2024-2029

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The segment for macrominerals witnessed the fastest growth due to the increase in diseases, owing to the deficiency of nutrients, and increased demand for milk, meat, and egg products.

Fastest-growing Market by Animal

5.55 %

Projected CAGR, Ruminants, 2024-2029

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Ruminants are the fastest-growing animal segment due to the increasing cattle population, demand for milk, and awareness of the benefits of minerals in animal diets.

Leading Market Player

8.29 %

market share, Cargill Inc., 2022

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Cargill Inc. is the market leader due to its strong presence in China. It has more than 10 manufacturing plants in China to produce feed additives, including minerals.

  • The feed minerals market in China witnessed a substantial increase in value, reaching USD 501.6 million in 2022 and exhibiting a growth rate of 33.6% during 2017-2022. However, the market experienced a sudden decline in 2020, primarily attributed to the negative impact of the COVID-19 pandemic, which decreased feed production and reduced the consumption of feed minerals.
  • Macrominerals are the most extensively used feed minerals in China, accounting for a significant share of the market, valued at USD 441.9 million in 2022. Poultry birds were the largest consumers of macrominerals, accounting for 49% of the market. Calcium, phosphorus, and magnesium are the most in-demand macrominerals, with calcium being a vital mineral for eggshell formation in poultry birds. The macrominerals segment is expected to be the fastest-growing segment and register a growth rate of 4.7% during the forecast period.
  • Microminerals, valued at USD 59.7 million, are also widely used in China's animal feed industry, with poultry birds and ruminants accounting for 49.4% and 35.3%, respectively. Zinc, copper, manganese, iron, and selenium are the most commonly supplemented microminerals for poultry birds.
  • The growing demand for high-quality meat and dairy products, driven by health-conscious consumers, is a significant driver of the feed minerals industry in China. In the Asia-Pacific region, China holds the largest market share, accounting for 45.2% in 2022. As the demand for meat and livestock products for domestic consumption continues to rise and the consumption of feed additives is increasingly associated with health benefits, the feed minerals market in China is expected to register a CAGR of 4.6% during the forecast period.
China Feed Minerals Market

China Feed Minerals Industry Segmentation

Macrominerals, Microminerals are covered as segments by Sub Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal.

  • The feed minerals market in China witnessed a substantial increase in value, reaching USD 501.6 million in 2022 and exhibiting a growth rate of 33.6% during 2017-2022. However, the market experienced a sudden decline in 2020, primarily attributed to the negative impact of the COVID-19 pandemic, which decreased feed production and reduced the consumption of feed minerals.
  • Macrominerals are the most extensively used feed minerals in China, accounting for a significant share of the market, valued at USD 441.9 million in 2022. Poultry birds were the largest consumers of macrominerals, accounting for 49% of the market. Calcium, phosphorus, and magnesium are the most in-demand macrominerals, with calcium being a vital mineral for eggshell formation in poultry birds. The macrominerals segment is expected to be the fastest-growing segment and register a growth rate of 4.7% during the forecast period.
  • Microminerals, valued at USD 59.7 million, are also widely used in China's animal feed industry, with poultry birds and ruminants accounting for 49.4% and 35.3%, respectively. Zinc, copper, manganese, iron, and selenium are the most commonly supplemented microminerals for poultry birds.
  • The growing demand for high-quality meat and dairy products, driven by health-conscious consumers, is a significant driver of the feed minerals industry in China. In the Asia-Pacific region, China holds the largest market share, accounting for 45.2% in 2022. As the demand for meat and livestock products for domestic consumption continues to rise and the consumption of feed additives is increasingly associated with health benefits, the feed minerals market in China is expected to register a CAGR of 4.6% during the forecast period.
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
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China Feed Minerals Market Size Summary

The China Feed Minerals Market is experiencing a robust expansion, driven by the increasing demand for high-quality meat and dairy products among health-conscious consumers. This market, which holds the largest share in the Asia-Pacific region, is characterized by a significant reliance on macrominerals, particularly calcium, phosphorus, and magnesium, which are essential for poultry, especially in eggshell formation. The poultry industry, a dominant force in China's feed minerals sector, is bolstered by rising urbanization, increased income levels, and a shift in consumer preferences towards poultry meat, partly due to the African swine fever outbreak affecting pork supply. The market's growth trajectory is supported by the ongoing investment in poultry genetics and layer farming, which are expected to enhance productivity and meet the burgeoning demand for poultry products.

In addition to poultry, the aquaculture sector is a key component of the feed minerals market in China, with significant investments in feed production facilities to cater to the growing seafood demand. The shift from conventional to compound feed reflects an increasing awareness of nutrient management and sustainable farming practices. The demand for shrimp feed is also on the rise, driven by the nutritional benefits of shrimp, which are gaining popularity among Chinese consumers. The market is fragmented, with major players like Alltech, Archer Daniel Midland, BASF, Cargill, and Solvay leading the industry. Strategic acquisitions and partnerships, such as Adisseo's acquisition of Framelco Group and its joint venture with Calysta Inc., are enhancing the supply of innovative feed ingredients and additives, further propelling market growth during the forecast period.

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China 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

China Feed Minerals Market Size FAQs

The China Feed Minerals Market size is expected to reach USD 547.48 million in 2024 and grow at a CAGR of 4.63% to reach USD 686.40 million by 2029.

In 2024, the China Feed Minerals Market size is expected to reach USD 547.48 million.

China Feed Minerals Market Report Snapshots

China Feed Minerals Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029