Mineral Feed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Mineral Feed Market is segmented by Type (Macro and Micro Minerals), and Animal Type (Ruminant, Poultry, Aquaculture, Swine, and Other Animal Types), and Geography.

Mineral Feed Market Size

Mineral Feed Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.50 %
Fastest Growing Market Middle East and Africa
Largest Market Asia Pacific
Market Concentration High

Major Players

Mineral Feed Market

*Disclaimer: Major Players sorted in no particular order


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Mineral Feed Market Analysis

The mineral feed market was valued at USD 3.5billion in 2018, and it is expected to register a CAGR of 4.5% during the forecast period (2019-2024). In 2018, Asia-Pacificis the largest geographic segment of the market studied and accounted for a share of around 31% of the overall market.

  • Stable economic conditions, urbanization, and changes in lifestyles in Asia-Pacific have led to increased protein consumption.
  • The livestock industry in the region has started adopting scientific methods to increase production and maintain a steady supply of meat in the market. This has led to increased consumption and is expected to drive the market during the forecast period.
  • Demand for high-quality meat from the meat processing industry is further expected to increase consumption of feed minerals. The market is expected to expand gradually with awareness among the farmers in the developing countries, such as India, China, Brazil, Mexico, and South Africa, among others.

Mineral Feed Market Trends

Increase in Industrialized Livestock Production

The livestock sector has seen significant changes in the last decade. The surge in this demand has been fulfilled by commercial livestock production and their associated food chains. In many developing countries, like China, Japan, and India, livestock keeping has been a multifunctional activity. The Food and Agriculture Organization (FAO) has focused on sustainable development of ruminant, swine, and poultry. FAO has also taken the responsibility of animal health and welfare issues, by providing sustainable nutrition and feeding.

According to the World Bank, industrialized meat production is growing six times faster than traditional meat production methods. With an increase in the mass production of meat, change is observed toward landless meat production facilities. The meat production industry is moving toward consolidation, especially in developed parts of the world, such as the United States and Europe, to increase meat production with reduced land usage. The use of feed additives, such as mineral feed, increases water retention in livestock, thus enhancing meat quality and mass.

Trends in Industrial Livestock Production, Share in , Top Four Countries, Global, 2014-2017

Asia-Pacific Dominates the Global Market

The Asia-Pacific region is poised to grow at a faster and impressive rate in the coming years, in both production and consumption of animal-based products. With the industrialization of the sector, the usage of mineral feed is bound to increase. The developing countries of Asia are expected to present major growth opportunities for the mineral feed additive industry. Industrialization of the livestock, feed, and processed meat industry has necessitated the application of feed minerals that act as a supplement, nutrient enhancer, feed conditioner, etc., to provide the animal with all required essential elements for optimum growth. With the growth of the market size, the use of feed mineral supplements is becoming a necessity for retaining animal health and growth.

Mineral Feed Market Growth Rate by Region (2018)

Mineral Feed Industry Overview

The mineral feed market is a niche market, with major feed additive companies occupying the highest share. This has resulted in very stiff competition, and DSM NV accounting for approximately 25% market share. Other major players are Nutreco NV, Cargill Inc., and Novus International. North America and Asia Pacific are the two regions showing maximum competitor activities and various mergers and acquisitions.

Mineral Feed Market Leaders

  1. DSM NV

  2. Nutreco NV

  3. Novus International

  4. Kemin Industries

  5. Cargill inc.

*Disclaimer: Major Players sorted in no particular order

Mineral Feed Market Concentration
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Mineral Feed Market Report - Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 Type

      1. 5.1.1 Macro Minerals

        1. Calcium

        2. Phosphorous

        3. Magnesium

        4. Potassium

        5. Other Macro Minerals

      2. 5.1.2 Micro Minerals

        1. Iron

        2. Copper

        3. Zinc

        4. Other Micro Minerals

    2. 5.2 Animal Type

      1. 5.2.1 Ruminant

      2. 5.2.2 Poultry

      3. 5.2.3 Swine

      4. 5.2.4 Aquaculture

      5. 5.2.5 Other Animal Types

    3. 5.3 Geography

      1. 5.3.1 North America

        1. US

        2. Canada

        3. Mexico

        4. Rest of North America

      2. 5.3.2 Europe

        1. Spain

        2. United Kingdom

        3. France

        4. Germany

        5. Italy

        6. Russia

        7. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Rest of Asia-Pacific

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East & Africa

        1. South Africa

        2. Egypt

        3. Rest of Middle East & Africa


    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 DSM NV

      2. 6.3.2 Nutreco NV

      3. 6.3.3 Cargill Inc.

      4. 6.3.4 Novus International

      5. 6.3.5 Kemin Industries

      6. 6.3.6 Alltech Inc.

    4. *List Not Exhaustive

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Mineral Feed Industry Segmentation

Minerals are supplements included in the animal feed for optimal growth, development, overall health, and well-being, and for the prevention of diseases in the livestock. Essential trace elements and minerals that are not adequately produced in the body need to be added in the feed externally for better standards and quality of animal-derived products. Along with the market expansion, manufacturers of the mineral feed are focusing on the development of new products.

Macro Minerals
Other Macro Minerals
Micro Minerals
Other Micro Minerals
Animal Type
Other Animal Types
North America
Rest of North America
United Kingdom
Rest of Europe
Rest of Asia-Pacific
South America
Rest of South America
Middle East & Africa
South Africa
Rest of Middle East & Africa
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Mineral Feed Market Research FAQs

The Mineral Feed Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)

DSM NV, Nutreco NV, Novus International, Kemin Industries and Cargill inc. are the major companies operating in the Mineral Feed Market.

Middle East and Africa is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Mineral Feed Market.

The report covers the Mineral Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mineral Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Mineral Feed Industry Report

Statistics for the 2024 Mineral Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mineral Feed analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Mineral Feed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)