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United States Feed Minerals Market Size

The United States Feed Minerals Market is projected to experience significant growth over the forecast period, driven by factors such as increased feed production, rising population, and higher feed exports. The market's expansion is characterized by a substantial share held by ruminants, particularly beef cattle, in micromineral usage, while macrominerals dominate the market. The demand from the meat processing industry for high-quality meat has further boosted mineral feed consumption. As a result, the market is expected to continue its upward trajectory, reflecting the broader trends in the feed additives sector.

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Market Size of united states feed minerals Industry

United States Feed Minerals Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 0.79 Billion
svg icon Market Size (2029) USD 1.05 Billion
svg icon Largest Share by Sub Additive Macrominerals
svg icon CAGR (2024 - 2029) 5.90 %
svg icon Fastest Growing by Sub Additive Macrominerals
svg icon Market Concentration Medium

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

Key Players

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United States Feed Minerals Market Analysis

The United States Feed Minerals Market size is estimated at 0.79 billion USD in 2024, and is expected to reach 1.05 billion USD by 2029, growing at a CAGR of 5.90% during the forecast period (2024-2029).

0.79 Billion

Market Size in 2024 (USD)

1.05 Billion

Market Size in 2029 (USD)

10.21 %

CAGR (2017-2023)

5.90 %

CAGR (2024-2029)

Largest Market by Sub-Additive

89.16 %

value share, Macrominerals, 2023

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Macrominerals comprise the largest segment because of the increase in demand for beef and because the animals consume them in large quantities. They are required for the metabolic processes of livestock.

Largest Market by Animal

56.63 %

value share, Ruminants, 2023

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Ruminants comprise the largest segment due to the rising demand for meat, the large ruminant population, and their importance in the meat and dairy industries for products.

Fastest-growing Market by Sub-Additive

6.02 %

Projected CAGR, Macrominerals, 2024-2029

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It is the fastest-growing segment due to the increase in the demand for high-quality meat from the meat processing industry, which increases the consumption of feed macrominerals.

Fastest-growing Market by Animal

6.62 %

Projected CAGR, Ruminants, 2024-2029

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Ruminants comprise the fastest-growing segment due to the rising demand for meat food, the increasing ruminant population, and increasing awareness of the benefits of consuming minerals.

Leading Market Player

10.33 %

market share, Land O'Lakes, 2022

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Land O' Lakes is the market leader in the region because of its wide variety of products. It has a 1,200-acre working farm in the country for developing new products.

  • The US feed mineral segment accounted for 11.8% of the US feed additives market and 8.2% of the North American feed additives market in terms of value in 2022.
  • In 2019, the market grew by 36.2% compared to the previous year, mainly due to the significant increase in feed production by 20.5% in the same period. Factors such as an increase in population, high consumption of feed, and rising feed exports drove the growth of production.
  • Among animal types, ruminants hold a significant share in the usage of minerals, accounting for 56.2% of the US feed mineral market in 2022, followed by poultry (26.4%) and swine (15.8%).
  • Poultry is the most common user of microminerals, accounting for 42.5% of the market value in the United States in 2022. Beef cattle are the leading ruminant micromineral users, accounting for 71.6% of the ruminant micromineral market in 2022.
  • Macrominerals hold the largest share of the US feed minerals market, accounting for 89.1% of the US feed minerals market and 10.5% of the US feed additive market in 2022.
  • Microminerals accounted for 10.9% of the United States feed minerals market in 2022, and it is expected to register a CAGR of 4.9% during the forecast period.
  • The meat processing industry's demand for high-quality meat increased feed mineral consumption. Therefore, from 2017 to 2022, the macrominerals market grew by 73.1%.
  • The market for mineral feeds has grown rapidly in recent years and is likely to increase further in the coming years. Because of rising per capita income and bulk meat output in the United States, the industry is estimated to expand at a CAGR of 5.9% during the forecast period.
United States Feed Minerals Market

United States Feed Minerals Industry Segmentation

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

  • The US feed mineral segment accounted for 11.8% of the US feed additives market and 8.2% of the North American feed additives market in terms of value in 2022.
  • In 2019, the market grew by 36.2% compared to the previous year, mainly due to the significant increase in feed production by 20.5% in the same period. Factors such as an increase in population, high consumption of feed, and rising feed exports drove the growth of production.
  • Among animal types, ruminants hold a significant share in the usage of minerals, accounting for 56.2% of the US feed mineral market in 2022, followed by poultry (26.4%) and swine (15.8%).
  • Poultry is the most common user of microminerals, accounting for 42.5% of the market value in the United States in 2022. Beef cattle are the leading ruminant micromineral users, accounting for 71.6% of the ruminant micromineral market in 2022.
  • Macrominerals hold the largest share of the US feed minerals market, accounting for 89.1% of the US feed minerals market and 10.5% of the US feed additive market in 2022.
  • Microminerals accounted for 10.9% of the United States feed minerals market in 2022, and it is expected to register a CAGR of 4.9% during the forecast period.
  • The meat processing industry's demand for high-quality meat increased feed mineral consumption. Therefore, from 2017 to 2022, the macrominerals market grew by 73.1%.
  • The market for mineral feeds has grown rapidly in recent years and is likely to increase further in the coming years. Because of rising per capita income and bulk meat output in the United States, the industry is estimated to expand at a CAGR of 5.9% 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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United States Feed Minerals Market Size Summary

The United States Feed Minerals Market is poised for significant growth, driven by increasing demand across various animal sectors. The market is characterized by a substantial share of macrominerals, which dominate the landscape, while microminerals also play a crucial role, particularly in poultry and ruminant diets. The poultry industry, in particular, is a major consumer of feed minerals, fueled by the rising demand for eggs and poultry meat both domestically and internationally. The expansion of poultry production is supported by favorable economic conditions and the feasibility of raising poultry in diverse environments, making it an attractive option for farmers. Despite challenges such as trade disputes and disease outbreaks, the market is expected to continue its upward trajectory, supported by the growing consumption of meat and eggs.

The aquaculture sector also contributes to the market's growth, with an increase in feed production and per capita seafood consumption. The presence of numerous feed mills and the rising demand for fish, particularly catfish, underscore the sector's expansion. The market is moderately consolidated, with key players like Alltech, Inc., Land O'Lakes, and Phibro Animal Health Corporation leading the charge. Recent investments and acquisitions by major companies highlight the industry's focus on innovation and development. The market's growth is further bolstered by the increasing awareness of the nutritional benefits of fish and seafood, alongside the expansion of the retail sector. Overall, the United States Feed Minerals Market is set to experience robust growth, driven by diverse animal feed demands and strategic industry developments.

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United States 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

United States Feed Minerals Market Size FAQs

The United States Feed Minerals Market size is expected to reach USD 787.38 million in 2024 and grow at a CAGR of 5.90% to reach USD 1.05 billion by 2029.

In 2024, the United States Feed Minerals Market size is expected to reach USD 787.38 million.

United States Feed Minerals Market Report Snapshots

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