Feed Micronutrients Market

Feed Micronutrients Market Size and Share Forecast Outlook (2023 to 2033)

The Feed Micronutrient Market is predicted to increase significantly at a 6.3% CAGR during the forecast period. The market is estimated to reach USD 3.52 billion by 2033. The global demand for feed micronutrients is expected to surpass USD 1.91 billion, in 2023.

Key Trends Raises the Feed Micronutrients Adoption

• Due to recent developments in micronutrients for animal feed and growth in their use to enhance animal metabolism and disease resistance. There are prospects for new entrants in the industry.
• Rising meat consumption in several countries, including China, India, Brazil, and Australia, is predicted to drive global demand for feed micronutrient products.
• Increasing demand for dairy products, poultry products, and other animal-derived goods is significantly thriving the sales of feed micronutrients during the forecast period.
• The adoption of advanced animal husbandry methods in both developed and emerging countries presents fresh prospects for the sector.
• Rising spending on livestock breeding and farming is predicted to increase the global feed micronutrient industry share.

Attributes	Details
Feed Micronutrients Market CAGR (2023 to 2033)	6.3%
Feed Micronutrients Market Size (2023)	USD 1.91 billion
Feed Micronutrients Market Size (2033)	USD 3.52 billion

Comparison of Historical vs Future Outlook on Feed Micronutrients Industry (2018 to 2022 vs. 2023 to 2033)

The global consumption of meat and dairy products is expanding quickly. In 2018, 843 million tonnes of milk were produced worldwide. India produces the most milk in the world (22%), followed by Brazil, China, and the United States.

Dairy and poultry farmers are using animal feed based on micronutrients to increase production rates. And it is projected that this aspect is likely to accelerate feed micronutrient sales in the future too.

Attributes	Details
Market CAGR (2018 to 2022)	4.6%
Market Size (2018)	USD 1.5 billion
Market Size (2022)	USD 1.8 billion
Market Growth (between 2022 and 2023)	1.06x

Another growth factor in the industry is the demand for feed vitamins. The demand for vitamins is rising as people look to improve their immune systems, metabolism, weight, and reproductive abilities. The profit margins of the key players in the feed micronutrients sector are going to benefit as a result.

Key Growth Factors Leading the Feed Micronutrients Market Sales

Growing Government Initiatives

Governments globally are putting rules and standards into place to guarantee the security and caliber of animal feed. This has led to a rise in the demand for feed micronutrients that adhere to these requirements.

Surging Need for Ethical Practices

Concerns over animal welfare and the environmental effects of livestock raising are growing among consumers. As a result, there is an increasing need for feed micronutrients that support the health and welfare of animals and are made ethically and sustainably.

Expanding Zinc Micronutrients Market

The demand for zinc micronutrients is being driven by the growing emphasis on increasing the trace elements in animal diets. A zinc shortage can lead to illnesses including skin parakeratosis, susceptibility to infection, and drowsiness. Hence, the zinc micronutrient market is expanding as sizable and small-scale animal farmers become aware of the benefits of zinc.

Environmental Concerns Impeding the Adoption of Feed Micronutrients

A significant barrier to the expansion of the global feed micronutrients business is the adverse environmental effects. This includes soil contamination brought on by the usage of components like zinc and copper in animal feed.

People's changing dietary preferences and their stringent religious convictions, which forbid them from following a certain diet. This is pushing them to adopt vegan or vegetarian diets, which hinder market expansion in the years to come.

Analysis of Top Countries, Producing, Formulating, Packaging, Distributing, and Consuming Feed Micronutrients

Poultry Livestock Sector in Europe Influences the Market Progress

Europe is expected to have a market CAGR of 6.2% by 2033. Also, the poultry livestock segment's feed micronutrient industry value is expected to reach USD 1.4 billion in the United Kingdom.

Feed micronutrients include trace minerals, critical nutrients, and vitamins that help turkeys, and broilers. To develop more quickly overall, reproduce successfully, and perform better on their own.

Increased consumer demand for more nutrient-dense poultry products, especially in nations like the United Kingdom, France, Germany, and Russia. This is likely to result from increased poultry production. It is projected that demand for chicken goods, including meat, eggs, vitamins, and minerals, is likely to fuel business progress in these countries.

Farmers and producers in the United Kingdom are becoming more aware of the value of feed micronutrients for the well-being and health of animals. There is a raised demand for goods containing feed micronutrients that can assist in increasing animal performance and lower the risk of illness.

New feed micronutrient products that are more effective and efficient than conventional products have been developed as a result of technological advancements. Farmers and producers in the United Kingdom have adopted feed micronutrients at a higher rate as a result.

Health Awareness Impacts the Demand for Feed Micronutrients in the United States

To enhance the general health and welfare of animals, the feed micronutrients in the United States market focus on animal feed. For appropriate physiological function, growth, and development, micronutrients are necessary nutrients that must be consumed in very small amounts.

In the United States, DSM Nutritional Products, BASF SE, Cargill, Archer Daniels Midland Corporation, and Nutreco NV are the key market participants in the feed micronutrient sector. These businesses provide a selection of premixes and blends that are customized for particular animal species and production systems. As well as feed micronutrient goods including vitamins, minerals, and trace elements.

The rising demand for premium animal products like meat, milk, and eggs is driving the United States demand for feed supplements with micronutrients like vitamins, minerals, and trace elements to increase their nutritional content.

Dietary Changes Influence the Feed Micronutrients Adoption

With the leading population in the world and shifting dietary preferences, there is a rising demand for meat and dairy products in China. To meet the growing demand for animal products, feed micronutrients are crucial for the healthy growth and development of animals. As a result, China is anticipated to expand at a CAGR of 6.4% by 2033.

In recent years, due to the significance of animal nutrition for human nutrition and health, as well as for the welfare of animals. As a result, there is now a greater need for feed micronutrients that can assist boost animal performance and lower the risk of illness.

Feed Micronutrients Industry Analysis by Top Investment Segments

Trace Minerals to Retain the Leading Position in the Industry

Throughout the forecast period, the trace minerals segment holds the top spot.
According to products, the trace minerals segment accounted for over 3/5th of the feed micronutrients sector in 2022. The segment is anticipated to dominate the market during the forecast period.

For the development of healthy ovaries, ample supplies of high-quality sperm, and enhanced embryo survival is made. Thus, this may enhance the sector, as there is a necessity for high-quality feed micronutrients with trace elements.

Due to the rising consumption of eggs, milk, and meat in diets around the world, zinc micronutrients are in greater demand. Demand for animal-based products is rising as high-protein diets become more popular, which raises the need for animal farming and wholesome animals.

Zinc micronutrient market for animal feed is expanding due to the rising need for additions to animal diets to enhance metabolism, health, and overall performance. However, the category for vitamins is anticipated to experience a significant CAGR of 7.32% between 2023 and 2033.

This is so because a well-balanced animal diet is built on vitamins. These are essential, irreplaceable micronutrients required for cellular development, growth, reproduction, animal welfare, and overall health.

Based on Livestock, Which Segment Leads the Feed Micronutrients Market?

Throughout the predicted period, the poultry category is likely to hold the top position.
In terms of livestock, the poultry sector accounted for more than 1/3rd of the market in 2022 and is anticipated to hold the leading spot during the forecast period.

The general growth of broiler, layer, and turkey birds is significantly influenced by micronutrients. The performance of poultry birds in terms of reproduction and health is enhanced by the addition of trace minerals, nutrients, and vitamins. The segment's growth is fueled by this element.

Aquaculture, however, is anticipated to see a potential CAGR of 7.6% from 2023 to 2033. Increasing production and expanding aquaculture's contribution to fight against poverty and malnutrition, raising the importance of micronutrients.

Strategic Collaborations and Growth Opportunities in the Feed Micronutrients Market

To meet the changing needs of consumers, businesses are also investing in research and development efforts to create new items and broaden their product lines. Companies frequently use partnerships, collaborations, and mergers and acquisitions to expand their global reach and strengthen their market positions.

Recent Development

• To launch IntelliBond VITAL 5 Cr, Kemin Industries and Micronutrients USA worked together in September 2018. The food item bills itself as the first nutrition package in the world to include six essential trace minerals. In order to improve the health and performance of dairy and beef cattle.
• KemTRACE Chromium-OR, a feed component approved for use in the diets of horses, cows, pigs, and poultry, was introduced in February 2021. The product is available in two concentrations: 0.4% for use as a premix before adding to complete diets, and 0.04% for use in entire meals.
• The first microbial muramidase was introduced in September 2018 by DSM and Novozymes. Balancius is critical for improving feed efficiency and digestibility in broilers. According to the product, broiler chickens' feed conversion ratio increased by 4-6 points (3%) as a result.
• Cargill and BASF made an announcement of their collaboration in October 2021. The current distribution contracts for feed enzymes between the companies now have access to additional markets and research and development resources. This collaboration makes it simpler to develop, produce, advertise, and market customer-focused swine-specific enzyme products and solutions.

Leading Suppliers of Feed Micronutrients

• Archer Daniels Midland Company
• Kemin Industries Inc
• Cargill Inc.
• Alltech
• Zinpro Corporation
• Tanke Biosciences Corp.
• Purina Animal Nutrition LLC
• Novus International Inc.
• Pancosma S.A.
• Koninklijke DSM N.V.
• Biochem Zusatzstoffe Handels
• QualiTech Inc.

Table of Content

• 1. Executive Summary | Feed Micronutrients Market
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
• 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product
  • 5.1. Trace Minerals
  • 5.2. Vitamins
  • 5.3. Carotenoids
  • 5.4. Others
• 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Livestock
  • 6.1. Poultry
  • 6.2. Ruminant
  • 6.3. Aquaculture
  • 6.4. Swine
  • 6.5. Equine
• 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
  • 7.1. North America
  • 7.2. Latin America
  • 7.3. Europe
  • 7.4. Asia Pacific
  • 7.5. MEA
• 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 13. Key Countries Market Analysis
• 14. Market Structure Analysis
• 15. Competition Analysis
  • 15.1. Zinpro Corporation
  • 15.2. Vamso Biotec Pvt. Ltd.
  • 15.3. Tanke Biosciences Corporation
  • 15.4. Royal DSM
  • 15.5. Archer Daniels Midland Company
  • 15.6. Alltech, Inc.
  • 15.7. Ridley, Inc.
  • 15.8. Phibro Animal Health Corporation
  • 15.9. Pancosma SA.
  • 15.10. QualiTech Corp.
  • 15.11. Mercer Milling Company, Inc.
  • 15.12. Davidsons Animal Feeds
  • 15.13. Cargill
  • 15.14. Kemin Industries Inc.
• 16. Assumptions & Acronyms Used
• 17. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033

Table 2: Global Market Volume (MT) Forecast by Region, 2018 to 2033

Table 3: Global Market Value (US$ Million) Forecast by Product, 2018 to 2033

Table 4: Global Market Volume (MT) Forecast by Product, 2018 to 2033

Table 5: Global Market Value (US$ Million) Forecast by Livestock, 2018 to 2033

Table 6: Global Market Volume (MT) Forecast by Livestock, 2018 to 2033

Table 7: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 8: North America Market Volume (MT) Forecast by Country, 2018 to 2033

Table 9: North America Market Value (US$ Million) Forecast by Product, 2018 to 2033

Table 10: North America Market Volume (MT) Forecast by Product, 2018 to 2033

Table 11: North America Market Value (US$ Million) Forecast by Livestock, 2018 to 2033

Table 12: North America Market Volume (MT) Forecast by Livestock, 2018 to 2033

Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 14: Latin America Market Volume (MT) Forecast by Country, 2018 to 2033

Table 15: Latin America Market Value (US$ Million) Forecast by Product, 2018 to 2033

Table 16: Latin America Market Volume (MT) Forecast by Product, 2018 to 2033

Table 17: Latin America Market Value (US$ Million) Forecast by Livestock, 2018 to 2033

Table 18: Latin America Market Volume (MT) Forecast by Livestock, 2018 to 2033

Table 19: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 20: Europe Market Volume (MT) Forecast by Country, 2018 to 2033

Table 21: Europe Market Value (US$ Million) Forecast by Product, 2018 to 2033

Table 22: Europe Market Volume (MT) Forecast by Product, 2018 to 2033

Table 23: Europe Market Value (US$ Million) Forecast by Livestock, 2018 to 2033

Table 24: Europe Market Volume (MT) Forecast by Livestock, 2018 to 2033

Table 25: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 26: Asia Pacific Market Volume (MT) Forecast by Country, 2018 to 2033

Table 27: Asia Pacific Market Value (US$ Million) Forecast by Product, 2018 to 2033

Table 28: Asia Pacific Market Volume (MT) Forecast by Product, 2018 to 2033

Table 29: Asia Pacific Market Value (US$ Million) Forecast by Livestock, 2018 to 2033

Table 30: Asia Pacific Market Volume (MT) Forecast by Livestock, 2018 to 2033

Table 31: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 32: MEA Market Volume (MT) Forecast by Country, 2018 to 2033

Table 33: MEA Market Value (US$ Million) Forecast by Product, 2018 to 2033

Table 34: MEA Market Volume (MT) Forecast by Product, 2018 to 2033

Table 35: MEA Market Value (US$ Million) Forecast by Livestock, 2018 to 2033

Table 36: MEA Market Volume (MT) Forecast by Livestock, 2018 to 2033

List of Figures

Figure 1: Global Market Value (US$ Million) by Product, 2023 to 2033

Figure 2: Global Market Value (US$ Million) by Livestock, 2023 to 2033

Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033

Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033

Figure 5: Global Market Volume (MT) Analysis by Region, 2018 to 2033

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 8: Global Market Value (US$ Million) Analysis by Product, 2018 to 2033

Figure 9: Global Market Volume (MT) Analysis by Product, 2018 to 2033

Figure 10: Global Market Value Share (%) and BPS Analysis by Product, 2023 to 2033

Figure 11: Global Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033

Figure 12: Global Market Value (US$ Million) Analysis by Livestock, 2018 to 2033

Figure 13: Global Market Volume (MT) Analysis by Livestock, 2018 to 2033

Figure 14: Global Market Value Share (%) and BPS Analysis by Livestock, 2023 to 2033

Figure 15: Global Market Y-o-Y Growth (%) Projections by Livestock, 2023 to 2033

Figure 16: Global Market Attractiveness by Product, 2023 to 2033

Figure 17: Global Market Attractiveness by Livestock, 2023 to 2033

Figure 18: Global Market Attractiveness by Region, 2023 to 2033

Figure 19: North America Market Value (US$ Million) by Product, 2023 to 2033

Figure 20: North America Market Value (US$ Million) by Livestock, 2023 to 2033

Figure 21: North America Market Value (US$ Million) by Country, 2023 to 2033

Figure 22: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 23: North America Market Volume (MT) Analysis by Country, 2018 to 2033

Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 26: North America Market Value (US$ Million) Analysis by Product, 2018 to 2033

Figure 27: North America Market Volume (MT) Analysis by Product, 2018 to 2033

Figure 28: North America Market Value Share (%) and BPS Analysis by Product, 2023 to 2033

Figure 29: North America Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033

Figure 30: North America Market Value (US$ Million) Analysis by Livestock, 2018 to 2033

Figure 31: North America Market Volume (MT) Analysis by Livestock, 2018 to 2033

Figure 32: North America Market Value Share (%) and BPS Analysis by Livestock, 2023 to 2033

Figure 33: North America Market Y-o-Y Growth (%) Projections by Livestock, 2023 to 2033

Figure 34: North America Market Attractiveness by Product, 2023 to 2033

Figure 35: North America Market Attractiveness by Livestock, 2023 to 2033

Figure 36: North America Market Attractiveness by Country, 2023 to 2033

Figure 37: Latin America Market Value (US$ Million) by Product, 2023 to 2033

Figure 38: Latin America Market Value (US$ Million) by Livestock, 2023 to 2033

Figure 39: Latin America Market Value (US$ Million) by Country, 2023 to 2033

Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 41: Latin America Market Volume (MT) Analysis by Country, 2018 to 2033

Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 44: Latin America Market Value (US$ Million) Analysis by Product, 2018 to 2033

Figure 45: Latin America Market Volume (MT) Analysis by Product, 2018 to 2033

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Product, 2023 to 2033

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033

Figure 48: Latin America Market Value (US$ Million) Analysis by Livestock, 2018 to 2033

Figure 49: Latin America Market Volume (MT) Analysis by Livestock, 2018 to 2033

Figure 50: Latin America Market Value Share (%) and BPS Analysis by Livestock, 2023 to 2033

Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Livestock, 2023 to 2033

Figure 52: Latin America Market Attractiveness by Product, 2023 to 2033

Figure 53: Latin America Market Attractiveness by Livestock, 2023 to 2033

Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033

Figure 55: Europe Market Value (US$ Million) by Product, 2023 to 2033

Figure 56: Europe Market Value (US$ Million) by Livestock, 2023 to 2033

Figure 57: Europe Market Value (US$ Million) by Country, 2023 to 2033

Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 59: Europe Market Volume (MT) Analysis by Country, 2018 to 2033

Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 62: Europe Market Value (US$ Million) Analysis by Product, 2018 to 2033

Figure 63: Europe Market Volume (MT) Analysis by Product, 2018 to 2033

Figure 64: Europe Market Value Share (%) and BPS Analysis by Product, 2023 to 2033

Figure 65: Europe Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033

Figure 66: Europe Market Value (US$ Million) Analysis by Livestock, 2018 to 2033

Figure 67: Europe Market Volume (MT) Analysis by Livestock, 2018 to 2033

Figure 68: Europe Market Value Share (%) and BPS Analysis by Livestock, 2023 to 2033

Figure 69: Europe Market Y-o-Y Growth (%) Projections by Livestock, 2023 to 2033

Figure 70: Europe Market Attractiveness by Product, 2023 to 2033

Figure 71: Europe Market Attractiveness by Livestock, 2023 to 2033

Figure 72: Europe Market Attractiveness by Country, 2023 to 2033

Figure 73: Asia Pacific Market Value (US$ Million) by Product, 2023 to 2033

Figure 74: Asia Pacific Market Value (US$ Million) by Livestock, 2023 to 2033

Figure 75: Asia Pacific Market Value (US$ Million) by Country, 2023 to 2033

Figure 76: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 77: Asia Pacific Market Volume (MT) Analysis by Country, 2018 to 2033

Figure 78: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 79: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 80: Asia Pacific Market Value (US$ Million) Analysis by Product, 2018 to 2033

Figure 81: Asia Pacific Market Volume (MT) Analysis by Product, 2018 to 2033

Figure 82: Asia Pacific Market Value Share (%) and BPS Analysis by Product, 2023 to 2033

Figure 83: Asia Pacific Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033

Figure 84: Asia Pacific Market Value (US$ Million) Analysis by Livestock, 2018 to 2033

Figure 85: Asia Pacific Market Volume (MT) Analysis by Livestock, 2018 to 2033

Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Livestock, 2023 to 2033

Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Livestock, 2023 to 2033

Figure 88: Asia Pacific Market Attractiveness by Product, 2023 to 2033

Figure 89: Asia Pacific Market Attractiveness by Livestock, 2023 to 2033

Figure 90: Asia Pacific Market Attractiveness by Country, 2023 to 2033

Figure 91: MEA Market Value (US$ Million) by Product, 2023 to 2033

Figure 92: MEA Market Value (US$ Million) by Livestock, 2023 to 2033

Figure 93: MEA Market Value (US$ Million) by Country, 2023 to 2033

Figure 94: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 95: MEA Market Volume (MT) Analysis by Country, 2018 to 2033

Figure 96: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 97: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 98: MEA Market Value (US$ Million) Analysis by Product, 2018 to 2033

Figure 99: MEA Market Volume (MT) Analysis by Product, 2018 to 2033

Figure 100: MEA Market Value Share (%) and BPS Analysis by Product, 2023 to 2033

Figure 101: MEA Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033

Figure 102: MEA Market Value (US$ Million) Analysis by Livestock, 2018 to 2033

Figure 103: MEA Market Volume (MT) Analysis by Livestock, 2018 to 2033

Figure 104: MEA Market Value Share (%) and BPS Analysis by Livestock, 2023 to 2033

Figure 105: MEA Market Y-o-Y Growth (%) Projections by Livestock, 2023 to 2033

Figure 106: MEA Market Attractiveness by Product, 2023 to 2033

Figure 107: MEA Market Attractiveness by Livestock, 2023 to 2033

Figure 108: MEA Market Attractiveness by Country, 2023 to 2033