Market Size of united states feed minerals Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 0.79 Billion |
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Market Size (2029) | USD 1.05 Billion |
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Largest Share by Sub Additive | Macrominerals |
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CAGR (2024 - 2029) | 5.90 % |
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Fastest Growing by Sub Additive | Macrominerals |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
United States Feed Minerals Market Analysis
The United States Feed Minerals Market size is estimated at 0.79 billion USD in 2024, and is expected to reach 1.05 billion USD by 2029, growing at a CAGR of 5.90% during the forecast period (2024-2029).
0.79 Billion
Market Size in 2024 (USD)
1.05 Billion
Market Size in 2029 (USD)
10.21 %
CAGR (2017-2023)
5.90 %
CAGR (2024-2029)
Largest Market by Sub-Additive
89.16 %
value share, Macrominerals, 2023
Macrominerals comprise the largest segment because of the increase in demand for beef and because the animals consume them in large quantities. They are required for the metabolic processes of livestock.
Largest Market by Animal
56.63 %
value share, Ruminants, 2023
Ruminants comprise the largest segment due to the rising demand for meat, the large ruminant population, and their importance in the meat and dairy industries for products.
Fastest-growing Market by Sub-Additive
6.02 %
Projected CAGR, Macrominerals, 2024-2029
It is the fastest-growing segment due to the increase in the demand for high-quality meat from the meat processing industry, which increases the consumption of feed macrominerals.
Fastest-growing Market by Animal
6.62 %
Projected CAGR, Ruminants, 2024-2029
Ruminants comprise the fastest-growing segment due to the rising demand for meat food, the increasing ruminant population, and increasing awareness of the benefits of consuming minerals.
Leading Market Player
10.33 %
market share, Land O'Lakes, 2022
Land O' Lakes is the market leader in the region because of its wide variety of products. It has a 1,200-acre working farm in the country for developing new products.
- The US feed mineral segment accounted for 11.8% of the US feed additives market and 8.2% of the North American feed additives market in terms of value in 2022.
- In 2019, the market grew by 36.2% compared to the previous year, mainly due to the significant increase in feed production by 20.5% in the same period. Factors such as an increase in population, high consumption of feed, and rising feed exports drove the growth of production.
- Among animal types, ruminants hold a significant share in the usage of minerals, accounting for 56.2% of the US feed mineral market in 2022, followed by poultry (26.4%) and swine (15.8%).
- Poultry is the most common user of microminerals, accounting for 42.5% of the market value in the United States in 2022. Beef cattle are the leading ruminant micromineral users, accounting for 71.6% of the ruminant micromineral market in 2022.
- Macrominerals hold the largest share of the US feed minerals market, accounting for 89.1% of the US feed minerals market and 10.5% of the US feed additive market in 2022.
- Microminerals accounted for 10.9% of the United States feed minerals market in 2022, and it is expected to register a CAGR of 4.9% during the forecast period.
- The meat processing industry's demand for high-quality meat increased feed mineral consumption. Therefore, from 2017 to 2022, the macrominerals market grew by 73.1%.
- The market for mineral feeds has grown rapidly in recent years and is likely to increase further in the coming years. Because of rising per capita income and bulk meat output in the United States, the industry is estimated to expand at a CAGR of 5.9% during the forecast period.
Understand The Key Trends Shaping This Market
