Market Size of feed minerals Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 3.95 Billion |
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Market Size (2029) | USD 4.90 Billion |
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Largest Share by Sub Additive | Macrominerals |
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CAGR (2024 - 2029) | 4.42 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Feed Minerals Market Analysis
The Feed Minerals Market size is estimated at 3.95 billion USD in 2024, and is expected to reach 4.90 billion USD by 2029, growing at a CAGR of 4.42% during the forecast period (2024-2029).
3.95 Billion
Market Size in 2024 (USD)
4.90 Billion
Market Size in 2029 (USD)
4.98 %
CAGR (2017-2023)
4.42 %
CAGR (2024-2029)
Largest Market by Sub-Additive
88.77 %
value share, Macrominerals, 2023
Macrominerals are the largest segment because it used for preventing different diseases such as rickets and osteomalacia and increased demand for milk, egg, and meat.
Largest Market by Region
30.50 %
value share, Asia-Pacific, 2023
The highest share of Asia-Pacific in the market was due to the higher adoption rates of feed additives, including minerals, and the higher livestock farming in the region.
Fastest-growing Market by Sub-Additive
4.45 %
Projected CAGR, Macrominerals, 2024-2029
The highest growth rate of macrominerals in the market was due to the significance of macrominerals in animal growth and providing resistance against diseases.
Fastest-growing Market by Region
5.31 %
Projected CAGR, North America, 2024-2029
North America is the fastest-growing due to the rising demand for poultry and beef meat and increased demand for milk, beef sausages, and other animal products.
Leading Market Player
8.26 %
market share, Archer Daniel Midland Co., 2022
ADM is the market leader, focused on product innovations, acquired a feed mill in the Philippines, and has global manufacturing facilities in 7 countries.
- Feed minerals are a crucial component of animal nutrition, providing important benefits such as improving growth, developing a strong immune system, and offering resistance against diseases. They also help prevent infections caused by deficiencies. In 2022, feed minerals accounted for 11% of the global feed additives market, making them one of the largest feed additives consumed by commercial animals worldwide.
- The Asia-Pacific region dominated the global feed minerals market, accounting for 30.5% of the market in 2022. North America and Europe followed, accounting for shares of 27.7% and 22.8%, respectively. The higher market share in the Asia-Pacific region is attributed to higher penetration rates of feed additives and a larger animal population. North America and Europe also hold high market shares due to their high adoption rate and many feed mills.
- Macrominerals, including calcium, phosphorus, sodium, magnesium, potassium, chloride, and sulfur, are essential for all types of animal diets. Macrominerals occupied the largest share of the global feed minerals market in 2022, valued at USD 3.22 billion. They are the fastest-growing feed mineral types worldwide, expected to record a CAGR of 4.1% during the forecast period. The high growth rate of macrominerals is due to their significance in the growth of the animal and their ability to provide resistance against diseases.
- Due to the benefits and diverse applications of feed minerals in different animal segments for the development of bone, teeth, muscle, and egg, the global feed minerals market is projected to record a CAGR of 4.4% during the forecast period.
Understand The Key Trends Shaping This Market
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- The global feed minerals market is a crucial component of the animal feed industry, with a significant impact on animal growth, development, production, immune function, and reproductive performance. Deficiencies in feed minerals can lead to various diseases in animals, making it essential to ensure proper mineral supplementation in animal feed.
- In 2022, the feed minerals market accounted for 11% of the global feed additives market, with a total estimated value of USD 6.8 billion. The Asia-Pacific region was the largest market for feed minerals, with an estimated value of USD 1.1 billion, driven by higher penetration rates of additives and animal cultivation. However, the United States was the largest country in the world in the feed minerals market, accounting for 19.4% of the market share and a total value of USD 0.7 billion, mainly due to higher commercial animal cultivation and advanced production practices.
- China was the second-largest country in the feed minerals market, accounting for almost 13.8% of the market in 2022. The United States also had the fastest-growing feed minerals market, with an anticipated CAGR of 5.9% during the forecast period. The higher utilization of feed additives in the country to suit modern practices, such as improving productivity, was the primary growth driver.
- The increasing concerns about rising productivity, the global population, and urbanization are expected to drive the global feed minerals market at a CAGR of 4.4% during the forecast period.
- Therefore, the global feed minerals market is expected to grow steadily in the coming years, with the United States and Asia-Pacific leading the way, making the feed minerals market a critical component of the animal feed industry.
