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The Animal Feed Minerals Market is experiencing steady growth driven by increasing demand for high-quality livestock nutrition
NEWARK, DE, UNITED STATES, January 14, 2025 /EINPresswire.com/ -- The animal feed minerals market is forecasted to grow from USD 4.4 billion in 2024 to over USD 6.1 billion by 2034, with a CAGR of 3.9%. This growth is attributed to increasing consumer demand for high-quality animal products, fueled by changing dietary preferences, rising disposable incomes, and a global focus on enhancing livestock health and productivity.
Minerals in animal feed are vital for improving calf development rates, optimizing nutrient utilization, boosting milk production, enhancing reproductive efficiency, reducing inter-calving periods, and preventing metabolic disorders like milk fever, ketosis, and haematuria.
In livestock, mineral feeds play crucial roles, including supporting muscle contractions, stimulating enzymes, promoting bone growth, and maintaining acid-base balance, ensuring overall animal health and productivity.
Key Drivers of Market Growth:
Mineral Benefits for Livestock: Minerals like magnesium, calcium, and zinc are essential for improving the health and productivity of animals. These minerals boost milk production, enhance immunity, and prevent metabolic diseases like milk fever.
Rising Protein Consumption: With the global shift toward protein-rich diets, there’s growing demand for meat, dairy, and eggs, particularly in regions like South Asia and the Asia-Pacific.
Dairy Farming: The dairy segment is a key consumer of feed minerals, as minerals like copper and selenium are crucial for enhancing milk quality and reproductive performance in cattle.
Growing Aquaculture and Meat Consumption: Increased global consumption of meat and fish has driven livestock and aquaculture producers to include more minerals like zinc and copper in feed for improved growth and health.
Sustainability and Efficiency: Minerals help optimize nutrient absorption and feed efficiency, which lowers feed costs, boosts productivity, and supports more sustainable farming practices.
"Rising consumer demand for high-quality, protein-rich animal products is driving the adoption of mineral-enriched feed in livestock farming. These feeds improve animal health, productivity, and product quality, which aligns with modern, sustainable farming practices and enhances profitability for producers." Says Nandini Roy Choudhury Client Partner for Food & Beverages at Future Market Insights, Inc.
Country-wise Insights
United States: Expected to reach USD 1.5 billion by 2034, with a CAGR of 4.6%, driven by increasing livestock product demand and advancements in feed safety.
Germany: Projected to grow at a CAGR of 5.2%, with a focus on improving feed efficiency and gut health.
India: Estimated to grow at 10.7% CAGR, fueled by population growth and rising demand for animal-based protein, particularly in dairy and poultry sectors.
Challenges Faced by the Animal feed minerals industry
The Animal Feed Minerals Industry faces several challenges that could potentially impact its growth and development. These challenges range from regulatory constraints to supply chain disruptions and shifts in consumer demand. Key challenges include:
1. Fluctuating Raw Material Prices
The cost of raw materials used in animal feed, such as minerals and additives, can vary significantly due to factors like global economic conditions, supply chain disruptions, and geopolitical issues. The volatility in prices can increase production costs for manufacturers, making it harder to maintain competitive pricing.
2. Stringent Regulatory Frameworks
Regulatory restrictions surrounding animal feed minerals differ across countries and regions, often making it difficult for manufacturers to standardize products globally. Strict food safety laws and compliance with feed additive regulations increase production complexity and cost. Additionally, the use of certain additives or minerals might be restricted due to environmental or health concerns.
3. Environmental Impact and Sustainability
The animal feed industry is under increasing pressure to adopt sustainable practices. The extraction and production of certain minerals, such as phosphorus, can lead to environmental degradation. This creates challenges in sourcing minerals sustainably while ensuring profitability. The industry also faces scrutiny regarding greenhouse gas emissions and resource depletion, pushing the need for more eco-friendly alternatives.
4. Consumer Shift Toward Plant-Based and Alternative Proteins
As consumers in certain markets increasingly turn to plant-based diets and alternative protein sources, there is a growing demand for animal-free and sustainable products. This trend threatens the demand for livestock and animal-based products, which in turn can affect the need for animal feed minerals.
5. Supply Chain Disruptions
The global supply chain for minerals is complex and susceptible to disruptions due to political instability, trade restrictions, natural disasters, or pandemics. Such disruptions can lead to shortages of critical minerals like zinc, copper, and selenium, negatively impacting production timelines and costs.
Prominent Drivers of the Animal feed minerals industry
The Animal Feed Minerals Industry is driven by rising global demand for livestock products, growing awareness of animal health, and the need for feed efficiency. Key factors include increased meat consumption in emerging markets, expansion of the poultry and aquaculture sectors, and technological advancements in mineral supplements. A focus on sustainable farming, government subsidies, and a shift toward organic feed additives also fuel growth. Additionally, concerns over animal welfare, disease prevention, and the expansion of industrial livestock farming contribute to the industry's development, ensuring continued demand for mineral-enriched feed solutions.
In-Depth Market Analysis: A Complete Report.
https://www.futuremarketinsights.com/reports/animal-feed-minerals-market
Animal Feed Minerals Brands
Yara International (Bolifor®)
Phibro Animal Health
Zinpro Corp.
Royal DSM NV
Pancosma SA
Nutrco NV
Novus International Inc.
Mercer Milling Co. Inc.
Cargill Inc.
Tanke International Group
Biochem
ADM
Alltech Inc.
Kemin Industries Inc.
Key Segments of Market Report
By Mineral Type:
By Size, the segment has been categorized into Magnesium, Calcium, Phosphorus, Iron, Zinc, and Others (Copper, Potassium, etc.)
By Animal:
Different Animal types Dairy Animals (Goat, Buffalo, Cow, etc.), Poultry, and Swine, Aquaculture, Equine and Others (pets, small animals)
By Form:
Different Forms included Dry and Liquid
By Sales Channel:
Different sales channels which included Direct Sales, Indirect Sales, Modern Trade, Animal Feed Stores, Veterinary Clinics, and Online Retailers
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa
Explore FMI's Extensive Coverage in the Food and Beverage Domain:
The global animal feed sweetener market size is estimated to reach USD 9,732.1 million in 2024 and USD 20,784.6 million by 2034. Global sales of animal feed sweeteners will likely soar at a CAGR of 8.7%, reflecting the potential it has for players.
The animal feed ingredients market size is projected to expand its roots at an average CAGR of 4.0% during the forecast period. The market is likely to hold a revenue of USD 39.51 billion in 2023 while it is anticipated to cross a value of USD 60.65 billion by 2033.
About Future Market Insights (FMI)
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