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Feed Minerals Market Size

The feed minerals market is a vital segment of the animal feed industry, significantly influencing animal growth, development, and health. This market is characterized by its essential role in preventing deficiencies that can lead to diseases in animals. The Asia-Pacific region holds a substantial portion of the market, driven by high penetration rates of feed additives and a large animal population, while North America and Europe also maintain significant shares due to their adoption rates and numerous feed mills. Macrominerals, crucial for animal diets, dominate the market and are expected to grow rapidly. The market's expansion is propelled by increasing demands for productivity and the need to support a growing global population.

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Market Size of feed minerals Industry

Feed Minerals Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 3.95 Billion
svg icon Market Size (2029) USD 4.90 Billion
svg icon Largest Share by Sub Additive Macrominerals
svg icon CAGR (2024 - 2029) 4.42 %
svg icon Largest Share by Region Asia-Pacific
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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Feed Minerals Market Analysis

The Feed Minerals Market size is estimated at 3.95 billion USD in 2024, and is expected to reach 4.90 billion USD by 2029, growing at a CAGR of 4.42% during the forecast period (2024-2029).

3.95 Billion

Market Size in 2024 (USD)

4.90 Billion

Market Size in 2029 (USD)

4.98 %

CAGR (2017-2023)

4.42 %

CAGR (2024-2029)

Largest Market by Sub-Additive

88.77 %

value share, Macrominerals, 2023

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Macrominerals are the largest segment because it used for preventing different diseases such as rickets and osteomalacia and increased demand for milk, egg, and meat.

Largest Market by Region

30.50 %

value share, Asia-Pacific, 2023

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The highest share of Asia-Pacific in the market was due to the higher adoption rates of feed additives, including minerals, and the higher livestock farming in the region.

Fastest-growing Market by Sub-Additive

4.45 %

Projected CAGR, Macrominerals, 2024-2029

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The highest growth rate of macrominerals in the market was due to the significance of macrominerals in animal growth and providing resistance against diseases.

Fastest-growing Market by Region

5.31 %

Projected CAGR, North America, 2024-2029

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North America is the fastest-growing due to the rising demand for poultry and beef meat and increased demand for milk, beef sausages, and other animal products.

Leading Market Player

8.26 %

market share, Archer Daniel Midland Co., 2022

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ADM is the market leader, focused on product innovations, acquired a feed mill in the Philippines, and has global manufacturing facilities in 7 countries.

  • Feed minerals are a crucial component of animal nutrition, providing important benefits such as improving growth, developing a strong immune system, and offering resistance against diseases. They also help prevent infections caused by deficiencies. In 2022, feed minerals accounted for 11% of the global feed additives market, making them one of the largest feed additives consumed by commercial animals worldwide.
  • The Asia-Pacific region dominated the global feed minerals market, accounting for 30.5% of the market in 2022. North America and Europe followed, accounting for shares of 27.7% and 22.8%, respectively. The higher market share in the Asia-Pacific region is attributed to higher penetration rates of feed additives and a larger animal population. North America and Europe also hold high market shares due to their high adoption rate and many feed mills.
  • Macrominerals, including calcium, phosphorus, sodium, magnesium, potassium, chloride, and sulfur, are essential for all types of animal diets. Macrominerals occupied the largest share of the global feed minerals market in 2022, valued at USD 3.22 billion. They are the fastest-growing feed mineral types worldwide, expected to record a CAGR of 4.1% during the forecast period. The high growth rate of macrominerals is due to their significance in the growth of the animal and their ability to provide resistance against diseases.
  • Due to the benefits and diverse applications of feed minerals in different animal segments for the development of bone, teeth, muscle, and egg, the global feed minerals market is projected to record a CAGR of 4.4% during the forecast period.
Global Feed Minerals Market
  • The global feed minerals market is a crucial component of the animal feed industry, with a significant impact on animal growth, development, production, immune function, and reproductive performance. Deficiencies in feed minerals can lead to various diseases in animals, making it essential to ensure proper mineral supplementation in animal feed.
  • In 2022, the feed minerals market accounted for 11% of the global feed additives market, with a total estimated value of USD 6.8 billion. The Asia-Pacific region was the largest market for feed minerals, with an estimated value of USD 1.1 billion, driven by higher penetration rates of additives and animal cultivation. However, the United States was the largest country in the world in the feed minerals market, accounting for 19.4% of the market share and a total value of USD 0.7 billion, mainly due to higher commercial animal cultivation and advanced production practices.
  • China was the second-largest country in the feed minerals market, accounting for almost 13.8% of the market in 2022. The United States also had the fastest-growing feed minerals market, with an anticipated CAGR of 5.9% during the forecast period. The higher utilization of feed additives in the country to suit modern practices, such as improving productivity, was the primary growth driver.
  • The increasing concerns about rising productivity, the global population, and urbanization are expected to drive the global feed minerals market at a CAGR of 4.4% during the forecast period.
  • Therefore, the global feed minerals market is expected to grow steadily in the coming years, with the United States and Asia-Pacific leading the way, making the feed minerals market a critical component of the animal feed industry.

Feed Minerals Industry Segmentation Feed Minerals Industry Segmentation

Macrominerals, Microminerals are covered as segments by Sub Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • Feed minerals are a crucial component of animal nutrition, providing important benefits such as improving growth, developing a strong immune system, and offering resistance against diseases. They also help prevent infections caused by deficiencies. In 2022, feed minerals accounted for 11% of the global feed additives market, making them one of the largest feed additives consumed by commercial animals worldwide.
  • The Asia-Pacific region dominated the global feed minerals market, accounting for 30.5% of the market in 2022. North America and Europe followed, accounting for shares of 27.7% and 22.8%, respectively. The higher market share in the Asia-Pacific region is attributed to higher penetration rates of feed additives and a larger animal population. North America and Europe also hold high market shares due to their high adoption rate and many feed mills.
  • Macrominerals, including calcium, phosphorus, sodium, magnesium, potassium, chloride, and sulfur, are essential for all types of animal diets. Macrominerals occupied the largest share of the global feed minerals market in 2022, valued at USD 3.22 billion. They are the fastest-growing feed mineral types worldwide, expected to record a CAGR of 4.1% during the forecast period. The high growth rate of macrominerals is due to their significance in the growth of the animal and their ability to provide resistance against diseases.
  • Due to the benefits and diverse applications of feed minerals in different animal segments for the development of bone, teeth, muscle, and egg, the global feed minerals market is projected to record a CAGR of 4.4% 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
Region
Africa
By Country
Egypt
Kenya
South Africa
Rest of Africa
Asia-Pacific
By Country
Australia
China
India
Indonesia
Japan
Philippines
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
Europe
By Country
France
Germany
Italy
Netherlands
Russia
Spain
Turkey
United Kingdom
Rest of Europe
Middle East
By Country
Iran
Saudi Arabia
Rest of Middle East
North America
By Country
Canada
Mexico
United States
Rest of North America
South America
By Country
Argentina
Brazil
Chile
Rest of South America
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Feed Minerals Market Size Summary

The feed minerals market is a vital segment of the animal feed industry, playing a significant role in enhancing animal nutrition by improving growth, immune function, and disease resistance. This market is characterized by its substantial contribution to the global feed additives sector, with a notable presence in regions such as Asia-Pacific, North America, and Europe. The Asia-Pacific region leads the market due to its high penetration rates of feed additives and a large animal population, while North America and Europe follow closely with their advanced production practices and high adoption rates. Macrominerals, including essential elements like calcium and phosphorus, dominate the market share and are projected to grow rapidly, driven by their critical role in animal health and development.

The global feed minerals market is poised for steady growth, supported by increasing demand for animal protein and the expansion of aquaculture. The poultry industry, in particular, is experiencing significant growth due to rising demand for chicken meat and eggs, influenced by the increasing prices of other meats. This shift towards poultry products is further bolstered by substantial investments in the sector, especially in regions like the Middle East. Additionally, the expansion of aquaculture, with a focus on enhancing seafood production, is driving the demand for feed minerals. The market is fragmented, with major players like Archer Daniel Midland Co., Cargill Inc., and Yara International ASA leading the way, and recent strategic acquisitions and partnerships indicating a trend towards innovation and expansion in feed additives.

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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 Region

      1. 1.3.1 Africa

        1. 1.3.1.1 By Country

          1. 1.3.1.1.1 Egypt

          2. 1.3.1.1.2 Kenya

          3. 1.3.1.1.3 South Africa

          4. 1.3.1.1.4 Rest of Africa

      2. 1.3.2 Asia-Pacific

        1. 1.3.2.1 By Country

          1. 1.3.2.1.1 Australia

          2. 1.3.2.1.2 China

          3. 1.3.2.1.3 India

          4. 1.3.2.1.4 Indonesia

          5. 1.3.2.1.5 Japan

          6. 1.3.2.1.6 Philippines

          7. 1.3.2.1.7 South Korea

          8. 1.3.2.1.8 Thailand

          9. 1.3.2.1.9 Vietnam

          10. 1.3.2.1.10 Rest of Asia-Pacific

      3. 1.3.3 Europe

        1. 1.3.3.1 By Country

          1. 1.3.3.1.1 France

          2. 1.3.3.1.2 Germany

          3. 1.3.3.1.3 Italy

          4. 1.3.3.1.4 Netherlands

          5. 1.3.3.1.5 Russia

          6. 1.3.3.1.6 Spain

          7. 1.3.3.1.7 Turkey

          8. 1.3.3.1.8 United Kingdom

          9. 1.3.3.1.9 Rest of Europe

      4. 1.3.4 Middle East

        1. 1.3.4.1 By Country

          1. 1.3.4.1.1 Iran

          2. 1.3.4.1.2 Saudi Arabia

          3. 1.3.4.1.3 Rest of Middle East

      5. 1.3.5 North America

        1. 1.3.5.1 By Country

          1. 1.3.5.1.1 Canada

          2. 1.3.5.1.2 Mexico

          3. 1.3.5.1.3 United States

          4. 1.3.5.1.4 Rest of North America

      6. 1.3.6 South America

        1. 1.3.6.1 By Country

          1. 1.3.6.1.1 Argentina

          2. 1.3.6.1.2 Brazil

          3. 1.3.6.1.3 Chile

          4. 1.3.6.1.4 Rest of South America

Feed Minerals Market Size FAQs

The Global Feed Minerals Market size is expected to reach USD 3.95 billion in 2024 and grow at a CAGR of 4.42% to reach USD 4.90 billion by 2029.

In 2024, the Global Feed Minerals Market size is expected to reach USD 3.95 billion.

Feed Minerals Market Report Snapshots

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