Market Size of europe feed minerals Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 0.90 Billion |
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Market Size (2029) | USD 1.09 Billion |
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Largest Share by Sub Additive | Macrominerals |
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CAGR (2024 - 2029) | 4.01 % |
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Largest Share by Country | Spain |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Feed Minerals Market Analysis
The Europe Feed Minerals Market size is estimated at 0.90 billion USD in 2024, and is expected to reach 1.09 billion USD by 2029, growing at a CAGR of 4.01% during the forecast period (2024-2029).
0.90 Billion
Market Size in 2024 (USD)
1.09 Billion
Market Size in 2029 (USD)
2.06 %
CAGR (2017-2023)
4.01 %
CAGR (2024-2029)
Largest Market by Sub-Additive
89.37 %
value share, Macrominerals, 2023
Macrominerals is the largest segment as they are essential for improving digestion, providing resistance to diseases, and improving cattle health.
Largest Market by Country
15.96 %
value share, Spain, 2023
Spain is the largest market due to the increased feed production, rising demand for swine meat, improved maintenance of livestock, and the growing livestock population.
Fastest-growing Market by Sub-Additive
4.06 %
Projected CAGR, Microminerals, 2024-2029
Microminerals play a major role in the growth and bone development of animals and improve metabolic functions. Therefore, it is the fastest-growing segment in the market.
Fastest-growing Market by Country
4.81 %
Projected CAGR, United Kingdom, 2024-2029
The United Kingdom is the fastest-growing market as the country experiences increased animal feed production, increased meat demand, and growth in the number of commercial poultry farms.
Leading Market Player
9.40 %
market share, Cargill Inc., 2022
Cargill is the market leader as it has expanded its presence in the European market through the acquisition, partnership, and expansion of manufacturing facilities in Spain.
- Minerals play a crucial role in promoting optimal growth, development, overall health, and disease prevention in livestock. In Europe, the feed additives market for minerals was recently ranked third. In 2022, the market accounted for 10.8% of the total volume of the global market, and it was valued at USD 829.1 million. The increasing demand for animal production and well-established dairy and poultry industries are the key drivers leading to market growth.
- Ruminants are the largest consumers of minerals, accounting for 48% of Europe's feed minerals market in 2022. Minerals are essential to maintain osmotic balance, develop bone growth, reduce muscle contractions, and enhance the nervous system. Poultry and swine follow next, holding market shares of 27.3% and 21.5%, respectively, due to high demand for good-quality poultry meat and red meat.
- Macrominerals represented 9.7% of the European feed additives market in 2022, accounting for a value of USD 741.0 million. Ruminants were the largest consumers of macrominerals, accounting for 50.9% of the total value of the European macrominerals market. Spain held the highest market share, accounting for 16%.
- Microminerals, the fastest-growing sub-segment, is expected to register a CAGR of 4.1% during the forecast period. The value of this sub-segment is expected to grow from USD 88.1 million in 2022 to USD 116.3 million in 2029. In 2022, poultry was the largest consumer of microminerals, accounting for 39.3% of the total market value. Microminerals are involved in cellular metabolism, and they help in the formation of skeletal structures among poultry birds.
- The consumption of meat and meat products and increased awareness about the usage of minerals for promoting animal growth are expected to drive the minerals market, registering a CAGR of 4% during the forecast period.
Understand The Key Trends Shaping This Market
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- The feed minerals market in Europe is growing steadily, driven by the rising feed production in the region. The market was valued at USD 829.1 million, accounting for 10.8% of the European feed additives market, and is expected to register a CAGR of 4.1% during the forecast period.
- Spain dominates the feed minerals market in Europe, valued at USD 132.1 million in 2022, and it is expected to register a CAGR of 4.2% during the forecast period. Macrominerals are the most-consumed additives in Spain, accounting for 89.7% of Spain's feed minerals market in terms of value in 2022. The swine feed minerals market in Spain is growing at the fastest rate, and it is expected to register a CAGR of 4.7% during 2023-2029 due to the increasing swine headcount.
- Germany is the second-largest market for feed minerals in the region, valued at USD 127.6 million in 2022. Macrominerals held a share of 89.0% of Germany's feed minerals market. Ruminants are the primary consumers of feed minerals in the country, accounting for 59.7% of the market value in 2022.
- The United Kingdom is the fastest-growing country in the region, and it is expected to register a CAGR of 4.8% during the forecast period, followed by Russia with a 4.3% CAGR. The driving factors are the rapidly growing livestock production and feed production. The swine population in Russia increased by 15% between 2017 and 2020. Turkey held the smallest share of the feed minerals market in Europe, valued at USD 32.8 million in 2022. The major restraints are unstable economies and increased operational expenses.
- The increasing use of feed minerals to meet the nutritional needs of animals is expected to drive the feed minerals market in Europe during the forecast period.
