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Animal Feed Organic Trace Mineral Market Research Report By Mineral Type (Zinc, Manganese, Copper, Iron, Iodine, Cobalt, Selenium), By Livestock (Poultry, Cattle, Swine, Fish, Dairy Animals), By Source (Chelates, Hydroxides, Oxides, Sulfates, Carbonates), By Functions (Growth Enhancement, Immune System Support, Bone Development, Reproduction, Meat Quality), By Application (Premixes, Feed Supplements, Water Additives, Top Dressings) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2


ID: MRFR/AGR/23469-HCR | 128 Pages | Author: Sakshi Gupta| September 2024

Animal Feed Organic Trace Mineral Market Overview


Animal Feed Organic Trace Mineral Market Size was estimated at 2.73 (USD Billion) in 2022.The Animal Feed Organic Trace Mineral Market Industry is expected to grow from 2.85(USD Billion) in 2023 to 4.2 (USD Billion) by 2032. The Animal Feed Organic Trace Mineral Market CAGR (growth rate) is expected to be around 4.4% during the forecast period (2023 - 2032).Animal Feed Organic Trace Market


Source Primary Research, Secondary Research, MRFR Database and Analyst Review


Key Animal Feed Organic Trace Mineral Market Trends Highlighted


The  animal feed organic trace mineral market is projected to exhibit significant growth in the coming years. Key market drivers include rising awareness among livestock producers about the benefits of organic trace minerals for animal health and productivity, growing demand for organic meat and dairy products, and increasing government regulations on antibiotic use in animal feed.


Opportunities for growth in the market lie in the expansion of organic livestock production, innovation in organic trace mineral formulations, and the development of new markets for organic animal feed. Recent trends in the market include the increasing use of organic trace minerals in poultry and swine feed, the growing adoption of organic trace minerals in developing countries, and the emergence of new players in the market


Animal Feed Organic Trace Mineral Market Drivers


Rising Demand for Organic and Traceable Animal Products


In the contemporary world, consumers are more concerned with consuming organic and traceable animal products. Concerns about the availability of healthy and safe food, the need to enhance environmental sustainability, and animal welfare are drivers of change in consumption habits. As such, the demand for organic and traceable animal products will continue to increase over the next few years as consumers understand the benefits of organic and traceable animal products.As such, the demand for organic and trace mineral supplements will increase as they promote the health of the animals and contribute to the production of organic and traceable animal products as outlined in the  Animal Feed Organic Trace Mineral Market Industry.


Increasing Animal Production


The growth of the worldwide population means a rising demand for animal products. The vast amount of animal production will increase significantly over the course of the years. With an increase in animal production, the need for more animal feed will rise as well. Such an increase in demand will be a major driving force in the organic and trace mineral supplement market. This supplement type boosts the productivity and health of animals and also keeps diseases at bay.Hence, the  Animal Feed Organic Trace Mineral Market Industry will experience an upward tendency with an increase in demand for organic and trace minerals.


Government Regulations


In the modern world, the use of antibiotics and other elements that are capable of promoting the growth of livestock is increasingly restricted by the authorities. This is a direct result of the actual concern for the expansion of bacteria resistant to certain antibiotics and the issue of antibiotics leaking into the human food chain. Therefore, the demand for organically produced elements and naturally occurring antibiotics and replacements is rapidly rising.Specifically, organic trace mineral premixes are expected to be in high demand, as they help to increase the resistance of pigs and broilers to a range of diseases. As a result, the stated trend is likely to affect the  Animal Feed Organic Trace Mineral Market Industry.


Animal Feed Organic Trace Mineral Market Segment Insights


Animal Feed Organic Trace Mineral Market Mineral Type Insights


The  Animal Feed Organic Trace Mineral Market is classified by Mineral Type into Zinc, Manganese, Copper, Iron, Iodine, Cobalt, and Selenium, among which Zinc holds the highest share, and the market is expected to account for more than 20% of the  market in 2023. The demand for this type of mineral is attributed to the fact that it is an essential organic trace mineral used in immune function, growth, and reproduction of animals. This is followed by the Manganese segment, accounting for a market share of about 15%. The trace mineral is important for supporting healthy bone development, cartilage formation, and energy metabolism.The third most popular segment is Copper, which makes up approximately 12% of the market. Copper is beneficial to animals because it is important in forming red blood cells and in the proper function of the immune system. It is followed by Iron, which is an essential mineral for oxygen transport throughout the body and red blood cell production; the segment is expected to account for nearly 10% of the market. The fifth-most popular trace mineral is Iodine, with a share of about 5% importance for regulating growth and metabolism, which is controlled by thyroid hormones.Cobalt, with a share of 3%, is important in the formation of vitamin B12, which in return helps in the formation of red blood cells and the functioning of nerves. Lastly, the Selenium segment, with a share of 2%, is important in animals for the antioxidant defense and immune function. The market growth of these most popular segments is estimated to be driven by the increase in overall awareness of trace minerals among the various stakeholders, such as farmers and animal feed manufacturers, the heightened surge in consumed quantities of animal proteins, and the increase in demand of stakeholders for animal health.Animal Feed Organic Trace Market ,By Mineral Type ,2023 & 2032


Source Primary Research, Secondary Research, MRFR Database and Analyst Review


Animal Feed Organic Trace Mineral Market Livestock Insights


The livestock segment accounted for the largest share of the  Animal Feed Organic Trace Mineral Market in 2023 and is anticipated to remain in the leading position throughout the forecast period. The growth of the segment is driven by the increasing demand for animal-sourced protein and the rising awareness of the importance of trace minerals for animals. The poultry sub-segment accounted for the largest share of the segment in 2023, owing to the growing consumption of poultry meat and the rampant adoption of intensive and industrial-scale farming practices by producers.The cattle sub-segment is also projected to demonstrate significant growth during the forecast period, owing to the rising demand for beef and dairy products. The swine sub-segment is expected to grow at a moderate pace due to the rising demand for pork and the rapid development of the swine sector in emerging countries. The fish sub-segment is anticipated to show high growth due to the rising demand for farmed fish and growing awareness about the health benefits of fish. The dairy animal’s sub-segment is also projected to drive the growth of the livestock segment, owing to the increasing demand for milk and milk products.


Animal Feed Organic Trace Mineral Market Source Insights


The source segment of the  Animal Feed Organic Trace Mineral Market plays a crucial role in determining the quality and effectiveness of the trace minerals provided to animals. Chelates, hydroxides, oxides, sulfates, and carbonates are the primary sources of organic trace minerals in animal feed. Among these, chelates have gained significant popularity due to their superior bioavailability, which allows for better absorption and utilization by animals. As a result, the market for chelated organic trace minerals is projected to witness substantial growth in the coming years.In 2023, the  market for chelated organic trace minerals was valued at approximately USD 1.2 billion and is expected to reach USD 1.8 billion by 2030, exhibiting a CAGR of 4.5%. This growth is attributed to the increasing demand for high-quality animal feed and the rising awareness of the benefits of organic trace minerals for animal health and productivity. Hydroxides and oxides are other commonly used sources of organic trace minerals in animal feed. These sources are generally less expensive than chelates but may have lower bioavailability.Sulfates and carbonates are also used as sources of organic trace minerals, but their bioavailability can vary depending on the specific mineral and the animal species. The choice of source for organic trace minerals in animal feed depends on factors such as the specific mineral required, the desired bioavailability, and the cost-effectiveness. By understanding the different sources and their unique properties, manufacturers can optimize the formulation of animal feed to meet the specific nutritional requirements of different animal species and production systems.


Animal Feed Organic Trace Mineral Market Functions Insights


The Functions segment of the  Animal Feed Organic Trace Mineral Market is anticipated to experience significant growth in the coming years, driven by the increasing demand for high-quality animal feed products. The use of organic trace minerals in animal feed has been shown to improve growth performance, enhance immune system function, support bone development, improve reproductive efficiency, and enhance meat quality. Growth Enhancement Organic trace minerals play a crucial role in the growth and development of animals. They are involved in various metabolic processes, including protein synthesis, bone formation, and energy production.By providing essential trace minerals in their organic form, animals can absorb and utilize them more efficiently, leading to improved growth rates and overall health. Immune System Support Organic trace minerals are vital for maintaining a strong immune system in animals. They support the production of white blood cells and antibodies, which help fight off infections and diseases. By providing adequate levels of organic trace minerals, animals can better resist disease challenges, reducing mortality rates and improving overall animal health.Bone Development Trace minerals, especially calcium and phosphorus, are essential for bone development and mineralization. Organic trace minerals are highly bioavailable and can be easily absorbed by animals, ensuring optimal bone growth and strength. This is particularly important for young animals, as proper bone development is crucial for their future health and productivity. Reproduction Organic trace minerals play a crucial role in reproductive performance in animals. They are involved in hormone production, fertility, and embryonic development.By providing adequate levels of organic trace minerals, animals can experience improved reproductive efficiency, resulting in increased litter sizes and healthier offspring. Meat Quality Organic trace minerals have been shown to enhance meat quality in animals. They improve muscle development, reduce fat deposition, and enhance the overall flavor and nutritional value of meat products. The Functions segment is expected to contribute significantly to this growth, driven by the increasing awareness of the benefits of organic trace minerals in animal feed and the growing demand for high-quality animal products


Animal Feed Organic Trace Mineral Market Application Insights


Application Segment Overview The  Animal Feed Organic Trace Mineral Market is segmented based on its application into Premixes, Feed Supplements, Water Additives, and Top Dressings. In 2023, the Premixes segment accounted for the largest share of the market, valued at around USD 1.2 billion. This growth is attributed to the increasing adoption of premixes in animal feed to ensure the optimum intake of trace minerals, which are essential for growth, reproduction, and overall animal health. The Feed Supplements segment is expected to witness a significant growth rate of 4.8% CAGR over the forecast period, reaching a value of USD 1.6 billion by 2032.This growth can be attributed to the rising demand for trace mineral-fortified feed supplements to improve feed efficiency and animal performance. Water Additives and Top Dressings are also expected to contribute to the overall market growth, albeit with smaller market shares.


Animal Feed Organic Trace Mineral Market Regional Insights


The  Animal Feed Organic Trace Mineral Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest market share in 2023, owing to the presence of a large number of livestock farms and the increasing demand for organic animal feed. Europe is expected to be the second-largest market, followed by APAC. The APAC region is expected to witness the highest growth rate during the forecast period due to the rising demand for organic animal feed in countries such as China and India.South America and MEA are expected to account for a smaller share of the  market.Animal Feed Organic Trace Market ,By Regional ,2023 & 2032


Source Primary Research, Secondary Research, MRFR Database and Analyst Review


Animal Feed Organic Trace Mineral Market Key Players And Competitive Insights


The Animal Feed Organic Trace Mineral Market is fuelled by the rise in demand for organic and natural outputs, developments in animal husbandry, and animal health and industrial research of significant terrorism concerns. Major players in the Animal Feed Organic Trace Mineral Market are seeking to derive a competitive gain through constant investment in research and development activities, the further extension of product offerings, and strategies to form new collaborations between operators. Leading providers of the Animal Feed Organic Trace Mineral Market focus on the development of new products that meet the evolving needs of customers and challenges in the field of animal husbandry. The development of the Animal Feed Organic Trace Mineral Market was primarily driven by an expanding range of products.The competitive players in the Animal Feed Organic Trace Mineral Market appear to be Zinpro Corporation, and Novus International, Inc. Zinpro Corporation is one of the largest operators in the Animal Feed Organic Trace Mineral Market. Zinpro has manufacturing facilities in five different countries. R is also a major focus of Zinpro, and it has a strong commitment to product quality. It offers a broad organic mineral products portfolio, such as zinc, manganese, copper, and iron, that are important for health and effectiveness. Zinpro products are backed by a wide variety of scientific evidence and are used in more than 70 countries worldwide. Major players in the Animal Feed Organic Trace Mineral Market are not only attempting to distinguish their goods from other items, but they are also developing a strategic cost benefit for other items of minor importance.


Key Companies in the Animal Feed Organic Trace Mineral Market Include



  • DSM

  • Trouw Nutrition

  • Alltech

  • Phibro Animal Health Corporation

  • Nutreco

  • Kemin Industries

  • Novus International

  • Royal DSM

  • Cargill

  • Olmix Group

  • Skretting

  • Evonik Industries


Animal Feed Organic Trace Mineral Market Industry Developments


The  Animal Feed Organic Trace Mineral Market size was valued at USD 2.85 billion in 2023 and is projected to reach USD 4.2 billion by 2032, exhibiting a CAGR of 4.4% during the forecast period. The increasing demand for organic animal products is driving the growth of the market. Organic trace minerals are essential for animal health and productivity, and they can help to improve feed conversion rates, growth rates, and immune function. As a result, farmers are increasingly turning to organic trace minerals to improve the health and performance of their animals.Recent developments in the market include the launch of new products by major players. For instance, in 2023, Zinpro Corporation launched a new line of organic trace minerals that are designed to improve the absorption and utilization of trace minerals by animals. This new product line is expected to further drive the growth of the market in the coming years.


Animal Feed Organic Trace Mineral Market Segmentation Insights


 


Animal Feed Organic Trace Mineral Market Mineral Type Outlook



  • Zinc

  • Manganese

  • Copper

  • Iron

  • Iodine

  • Cobalt

  • Selenium


Animal Feed Organic Trace Mineral Market Livestock Outlook



  • Poultry

  • Cattle

  • Swine

  • Fish

  • Dairy Animals


Animal Feed Organic Trace Mineral Market Source Outlook



  • Chelates

  • Hydroxides

  • Oxides

  • Sulfates

  • Carbonates


Animal Feed Organic Trace Mineral Market Functions Outlook



  • Growth Enhancement

  • Immune System Support

  • Bone Development

  • Reproduction

  • Meat Quality


Animal Feed Organic Trace Mineral Market Application Outlook



  • Premixes

  • Feed Supplements

  • Water Additives

  • Top Dressings


Animal Feed Organic Trace Mineral Market Regional Outlook



  • North America

  • Europe

  • South America

  • Asia Pacific

  • Middle East and Africa


Animal Feed Organic Trace Mineral Market Report Scope

Report Attribute/Metric Details
Market Size 2022 2.73(USD Billion)
Market Size 2023 2.85(USD Billion)
Market Size 2032 4.2(USD Billion)
Compound Annual Growth Rate (CAGR) 4.4% (2024 - 2032)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year 2023
Market Forecast Period 2024 - 2032
Historical Data 2019 - 2023
Market Forecast Units USD Billion
Key Companies Profiled DSM, Trouw Nutrition, Alltech, Phibro Animal Health Corporation, Nutreco, Kemin Industries, Novus International, Royal DSM, Cargill, Olmix Group, Skretting, Evonik Industries
Segments Covered Mineral Type, Livestock, Source, Functions, Application, Regional
Key Market Opportunities Trace mineral premixes for enhanced feed efficiency and animal health Increasing demand for sustainable and organic animal production practices Growing awareness of trace mineral deficiencies in livestock Innovations in trace mineral supplementation technologies Expanding consumption in developing regions
Key Market Dynamics 1 Rising demand for organic livestock products2 Growing awareness of animal health and nutrition3 Increasing adoption of precision feeding practices4 Stringent regulations on animal feed additives5 Technological advancements in trace mineral supplementation
Countries Covered North America, Europe, APAC, South America, MEA


Frequently Asked Questions (FAQ) :

The Animal Feed Organic Trace Mineral Market was valued at USD 2.85 billion in 2023 and is projected to reach USD 4.2 billion by 2032, exhibiting a CAGR of 4.4% during the forecast period.

The increasing demand for animal protein, rising awareness about animal health and welfare, and growing adoption of organic farming practices are the primary drivers of the Animal Feed Organic Trace Mineral Market.

North America is expected to hold the largest market share in the Animal Feed Organic Trace Mineral Market due to the increasing demand for animal protein and the growing adoption of organic farming practices in the region.

Organic Trace Minerals are used in animal feed to improve animal health, performance, and productivity. They are essential for various physiological functions, including growth, reproduction, and immune function.

Some of the key competitors in the Animal Feed Organic Trace Mineral Market include BASF, Cargill, Novus International, Zinpro Corporation, and Alltech.

The major challenges faced by the Animal Feed Organic Trace Mineral Market include the high cost of organic trace minerals, limited availability of certified organic trace minerals, and stringent regulations governing the use of organic trace minerals in animal feed.

The growing demand for organic animal products, increasing awareness about the benefits of organic trace minerals, and the development of new technologies for the production of organic trace minerals are some of the key opportunities for growth in the Animal Feed Organic Trace Mineral Market.

The key trends in the Animal Feed Organic Trace Mineral Market include the increasing adoption of precision feeding, the growing demand for sustainable animal feed ingredients, and the development of new organic trace mineral formulations.

The regulatory landscape of the Animal Feed Organic Trace Mineral Market varies by region. In many countries, the use of organic trace minerals in animal feed is regulated by government agencies to ensure the safety and quality of animal feed.

The future prospects of the Animal Feed Organic Trace Mineral Market are positive. The increasing demand for organic animal products, the growing awareness about the benefits of organic trace minerals, and the development of new technologies for the production of organic trace minerals are expected to drive the growth of the market in the coming years.

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