Animal Feed Trace Minerals Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Global Animal Feed Trace Minerals Market is segmented by mineral type into zinc, iron, manganese, copper, and others; by livestock into ruminants, poultry, swine, others; by source type into organic and inorganic and geography.

Animal Feed Trace Minerals Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Animal Feed Trace Minerals Market Size

Animal Feed Trace Minerals Market Size
Study Period 2019 - 2030
Market Size (2025) USD 598.66 Billion
Market Size (2030) USD 820.21 Billion
CAGR (2025 - 2030) 6.50 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Animal Feed Trace Minerals Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Animal Feed Trace Minerals Market with other markets in Animal Nutrition & Wellness Industry

Compound Feed

Feed Additives

Pet Care

Animal Farm Services

Animal Feed Trace Minerals Market Analysis

The Animal Feed Trace Minerals Market size is estimated at USD 598.66 billion in 2025, and is expected to reach USD 820.21 billion by 2030, at a CAGR of 6.5% during the forecast period (2025-2030).

  • The increasing demand for mineral rich animal meat is primarily driving the animal feed trace minerals market. High protein content and quality animal meat are the utmost preference of the consumers.Additionally, the rising popularity of water-soluble natural feed-added substances, and developing animal feed industriesacross the globe are some other factors responsible for the increased consumption oftrace minerals in animal feed.
  • North America is one of the largest producers of livestock and animal-based products in the world, with the US being a major producer. Growing production, as well as consumption of livestock and livestock-based products in this region, have enabled livestock producers to utilize feed withtrace minerals, as they are highly effective in promoting the healthier growth of animals and in improving the fertility rate.

Animal Feed Trace Minerals Industry Overview

The global animal feed trace elements market is fragmented and is dominated by several small and medium regional, and local companies. The leading international companies in this market include Alltech, Archer Daniels Midland Company, Cargill, Kemin Industries, and Novus International. The companies are increasingly expanding their market presence and getting involved in mergers and acquisitions to stay relevant and grow in the global market. For example, Kemin Industries opened an innovation and technology center in China making an investment of USD 14.2 million in 2019. In 2018, the company had also acquired Canadian company and its long-time distributor Agri-Marketing Corp. Agri-Marketing, to expand its presence in the country. 

Animal Feed Trace Minerals Market Leaders

  1. Altech

  2. Archer Daniels Midland Company

  3. Cargill, Incorporated

  4. Kemin Industries, Inc.

  5. NOVUS INTERNATIONAL

  6. *Disclaimer: Major Players sorted in no particular order
Alltech, Archer Daniels Midland Company, Cargill, Kemin Industries, and Novus International
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Animal Feed Trace Minerals Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Introduction to Market Drivers and Restraints
  • 4.3 Market Drivers
  • 4.4 Market Restraints
  • 4.5 Industry Attractiveness - Porter's Five Force Analysis
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers/Consumers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Mineral Type
    • 5.1.1 Zinc
    • 5.1.2 Iron
    • 5.1.3 Manganese
    • 5.1.4 Copper
    • 5.1.5 Others
  • 5.2 Livestock
    • 5.2.1 Ruminants
    • 5.2.2 Poultry
    • 5.2.3 Swine
    • 5.2.4 Others
  • 5.3 Source Type
    • 5.3.1 Organic
    • 5.3.2 Inorganic
  • 5.4 Geography
    • 5.4.1 North America
    • 5.4.1.1 United Sates
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
    • 5.4.1.4 Rest of North America
    • 5.4.2 Europe
    • 5.4.2.1 Germany
    • 5.4.2.2 United Kingdom
    • 5.4.2.3 France
    • 5.4.2.4 Russia
    • 5.4.2.5 Spain
    • 5.4.2.6 Rest of Europe
    • 5.4.3 Asia Pacific
    • 5.4.3.1 China
    • 5.4.3.2 Japan
    • 5.4.3.3 India
    • 5.4.3.4 Australia
    • 5.4.3.5 Rest of Asia-Pacific
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
    • 5.4.5 Middle East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Egypt
    • 5.4.5.4 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Share Analysis
  • 6.2 Most Adopted Strategies
  • 6.3 Company Profiles
    • 6.3.1 Alltech
    • 6.3.2 Phibro Animal Health Corporation
    • 6.3.3 Archer Daniels Midland Company
    • 6.3.4 Cargill, Incorporated
    • 6.3.5 Kemin Industries, Inc.
    • 6.3.6 Novus International
    • 6.3.7 Biochem
    • 6.3.8 Zinpro Corporation
    • 6.3.9 Royal DSM N.V.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Animal Feed Trace Minerals Industry Segmentation

Trace minerals provide the essential nutrients animals need for metabolic functions such as growth and development, immunity and reproduction. Even moderate deficiencies can adversely impact animal performance. The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for the forecast period was determined according to the base year’s conversion rates. 

Mineral Type Zinc
Iron
Manganese
Copper
Others
Livestock Ruminants
Poultry
Swine
Others
Source Type Organic
Inorganic
Geography North America United Sates
Canada
Mexico
Rest of North America
Europe Germany
United Kingdom
France
Russia
Spain
Rest of Europe
Asia Pacific China
Japan
India
Australia
Rest of Asia-Pacific
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Egypt
Rest of Middle East and Africa
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Animal Feed Trace Minerals Market Research FAQs

How big is the Animal Feed Trace Minerals Market?

The Animal Feed Trace Minerals Market size is expected to reach USD 598.66 billion in 2025 and grow at a CAGR of 6.5% to reach USD 820.21 billion by 2030.

What is the current Animal Feed Trace Minerals Market size?

In 2025, the Animal Feed Trace Minerals Market size is expected to reach USD 598.66 billion.

Who are the key players in Animal Feed Trace Minerals Market?

Altech, Archer Daniels Midland Company, Cargill, Incorporated, Kemin Industries, Inc. and NOVUS INTERNATIONAL are the major companies operating in the Animal Feed Trace Minerals Market.

Which is the fastest growing region in Animal Feed Trace Minerals Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Animal Feed Trace Minerals Market?

In 2025, the North America accounts for the largest market share in Animal Feed Trace Minerals Market.

What years does this Animal Feed Trace Minerals Market cover, and what was the market size in 2024?

In 2024, the Animal Feed Trace Minerals Market size was estimated at USD 559.75 billion. The report covers the Animal Feed Trace Minerals Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Animal Feed Trace Minerals Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Animal Feed Trace Minerals Industry Report

Statistics for the 2025 Animal Feed Trace Minerals market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Animal Feed Trace Minerals analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.