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North America Feed Minerals Market Size

The North America Feed Minerals Market is projected to experience significant growth, driven by the increasing demand for meat and dairy products, which enhances the need for feed minerals in animal nutrition. Macrominerals dominate the market due to their critical role in animal growth and health, particularly in ruminants and poultry. The United States holds the largest market share, with a notable expansion in feed production contributing to the market's rapid growth. As consumer demand for packaged food products rises, the market is expected to continue its upward trajectory, reflecting the essential role of minerals in animal feed across the region.

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Market Size of north america feed minerals Industry

North America Feed Minerals Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 1.11 Billion
svg icon Market Size (2029) USD 1.44 Billion
svg icon Largest Share by Sub Additive Macrominerals
svg icon CAGR (2024 - 2029) 5.31 %
svg icon Largest Share by Country United States
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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North America Feed Minerals Market Analysis

The North America Feed Minerals Market size is estimated at 1.11 billion USD in 2024, and is expected to reach 1.44 billion USD by 2029, growing at a CAGR of 5.31% during the forecast period (2024-2029).

1.11 Billion

Market Size in 2024 (USD)

1.44 Billion

Market Size in 2029 (USD)

8.60 %

CAGR (2017-2023)

5.31 %

CAGR (2024-2029)

Largest Market by Sub-Additive

89.03 %

value share, Macrominerals, 2023

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Macrominerals is the largest segment because of the increase in diseases due to the deficiency of nutrients and increased demand for milk, meat, and egg products.

Largest Market by Country

70.38 %

value share, United States, 2023

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The United States is the largest country with rising demand for meat. The awareness regarding healthy diets in animal feeds, along with feed mineral usage, has increased in the country.

Fastest-growing Market by Sub-Additive

5.39 %

Projected CAGR, Macrominerals, 2024-2029

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It is the fastest-growing subadditive as macrominerals are mainly used as supplements in compound feed. It helps in many physiological reactions in the animal body.

Fastest-growing Market by Country

5.90 %

Projected CAGR, United States, 2024-2029

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The United States is the fastest-growing country in the market as feed production increased by more than 86% during 2016-2022. This increase was also owing to the rising demand for poultry and beef meat.

Leading Market Player

11.91 %

market share, Archer Daniel Midland Co., 2022

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Archer Daniel Midland Co. is the market leader because it focuses on expanding its R&D centers in the region to gain market share.

  • In North America, macrominerals were the largest feed mineral sub-additives in 2022 because of their importance in growth, development, production, immune function, and reproductive performance. They are also expected to be the fastest-growing segment in feed minerals type at a CAGR of 5.3% during the forecast period. The market value rapidly increased in 2019 because of an increase in feed production.
  • In 2022, the United States was the largest country with respect to the feed minerals market, including the sub-additives individually. In the United States, macrominerals were the largest feed mineral types accounting for more than 89.1% of the mineral market in 2022.
  • The higher market share is associated with the increased usage of minerals, as the deficiency of minerals in animals leads to diseases. For instance, prolonged calcium deficiency that may occur in young animals may result in rickets and osteoporosis in adults in cattle.
  • According to 2022 estimates, macrominerals accounted for 89% of the total feed minerals market value in North America. Ruminants had the largest share, with 52% in the region, due to their importance in preventing acidosis and alkalis in ruminants.
  • In North America, microminerals accounted for only 10.9% of the total feed minerals market in 2022. Out of the total feed microminerals market, poultry animals were the most used animal type segment in the region, with 42.8% of the market share in 2022. It is associated with the importance of microminerals in the growth of poultry birds.
  • All the feed mineral types are expected to grow at a similar rate during the forecast period in the region owing to their benefits and application in all the animal types for different purposes, including bone, teeth and muscle development, and egg formation.
North America Feed Minerals Market
  • The North American feed minerals market has been steadily growing, with an increasing demand for meat and dairy products contributing to the usage of feed minerals in animal feed production. In 2022, the feed minerals market accounted for 11.7% of the total feed additives market, amounting to USD 1 billion. This growth is largely due to the increased production of animal feed, especially in the United States, where the market grew by 25.8% in 2019 compared to 2018.
  • Macrominerals are the most consumed minerals in North America, with a market value of USD 896.1 million in 2022, followed by microminerals with a market value of USD 111 million. Ruminants were the most significant users of feed minerals in 2022, accounting for 52.3% of the total feed minerals market in North America, with a market value of USD 0.5 billion. Poultry birds followed closely behind with a market share of 28.9%.
  • The increasing consumption of beef and demand for milk products in both households and the commercial food industry has resulted in an increase in the usage of minerals for animal growth. Over 70% of the total feed minerals usage in ruminants in 2022 was used for beef cattle.
  • The United States is the largest feed minerals market in North America, with a market share of 70% in 2022. It is also the fastest-growing country in the feed minerals market, with a CAGR of 5.9% during the forecast period. Mexico is also growing steadily with a CAGR of 4.1%, largely due to the increase in consumption of beef and demand for milk and milk products.
  • With an expected increase in demand for packaged products such as milk, yogurt, beef sausages, etc., the minerals market is expected to continue to grow further in North America.

North America Feed Minerals Industry Segmentation

Macrominerals, Microminerals are covered as segments by Sub Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal. Canada, Mexico, United States are covered as segments by Country.

  • In North America, macrominerals were the largest feed mineral sub-additives in 2022 because of their importance in growth, development, production, immune function, and reproductive performance. They are also expected to be the fastest-growing segment in feed minerals type at a CAGR of 5.3% during the forecast period. The market value rapidly increased in 2019 because of an increase in feed production.
  • In 2022, the United States was the largest country with respect to the feed minerals market, including the sub-additives individually. In the United States, macrominerals were the largest feed mineral types accounting for more than 89.1% of the mineral market in 2022.
  • The higher market share is associated with the increased usage of minerals, as the deficiency of minerals in animals leads to diseases. For instance, prolonged calcium deficiency that may occur in young animals may result in rickets and osteoporosis in adults in cattle.
  • According to 2022 estimates, macrominerals accounted for 89% of the total feed minerals market value in North America. Ruminants had the largest share, with 52% in the region, due to their importance in preventing acidosis and alkalis in ruminants.
  • In North America, microminerals accounted for only 10.9% of the total feed minerals market in 2022. Out of the total feed microminerals market, poultry animals were the most used animal type segment in the region, with 42.8% of the market share in 2022. It is associated with the importance of microminerals in the growth of poultry birds.
  • All the feed mineral types are expected to grow at a similar rate during the forecast period in the region owing to their benefits and application in all the animal types for different purposes, including bone, teeth and muscle development, and egg formation.
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
Canada
Mexico
United States
Rest of North America
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North America Feed Minerals Market Size Summary

The North America Feed Minerals Market is experiencing steady growth, driven by the increasing demand for meat and dairy products. This demand is contributing to the rising usage of feed minerals in animal feed production across the region. Macrominerals dominate the market due to their critical role in animal growth, development, and health, particularly in ruminants and poultry. The United States leads the market, with significant contributions from Mexico, as both countries see a surge in beef and dairy consumption. The poultry industry, in particular, is expanding rapidly, with the United States being a major producer and exporter of poultry products. This growth is fueled by the preference for poultry as a healthier protein source, further boosting the demand for feed minerals.

In addition to the livestock sector, the aquaculture industry is also contributing to the market's expansion, albeit on a smaller scale. The demand for nutritionally balanced feed for fish and other aquatic species is increasing, driven by changing dietary preferences and international market demands. The North American feed minerals market is characterized by a fragmented landscape, with key players like Archer Daniel Midland Co., Cargill Inc., and others holding significant market shares. Recent strategic moves by these companies, such as acquisitions and expansions, indicate a focus on enhancing product offerings and meeting the growing needs of the animal nutrition sector. Overall, the market is poised for continued growth, supported by ongoing developments in animal feed production and the increasing importance of feed minerals in ensuring animal health and productivity.

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North America 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 Canada

      2. 1.3.2 Mexico

      3. 1.3.3 United States

      4. 1.3.4 Rest of North America

North America Feed Minerals Market Size FAQs

The North America Feed Minerals Market size is expected to reach USD 1.11 billion in 2024 and grow at a CAGR of 5.31% to reach USD 1.44 billion by 2029.

In 2024, the North America Feed Minerals Market size is expected to reach USD 1.11 billion.

North America Feed Minerals Market Report Snapshots

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