Market Size of china feed minerals Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 547.48 Million |
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Market Size (2029) | USD 686.40 Million |
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Largest Share by Sub Additive | Macrominerals |
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CAGR (2024 - 2029) | 4.63 % |
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Fastest Growing by Sub Additive | Macrominerals |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
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
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
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
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
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
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.
Understand The Key Trends Shaping This Market
