The Animal Feed Organic Trace Minerals Market Size was estimated at 1.77 (USD Billion) in 2022. The Animal Feed Organic Trace Minerals Industry is expected to grow from 1.84(USD Billion) in 2023 to 2.5 (USD Billion) by 2032. The Animal Feed Organic Trace Minerals Market CAGR (growth rate) is expected to be around 3.49% during the forecast period (2024 - 2032).
Key Animal Feed Organic Trace Minerals Market Trends Highlighted
Animal feed organic trace minerals market size is supposed to experience a substantial increase because of the growing understanding of their nutritional values and surging consumption of quality animal products. The rapid advancement of antibiotic-resistant bacteria and a tingling interest in natural and organic products among customers are two of the most important basic market drivers.
The market scope is changing from monoculture, high input-low output strategies to more precision farming emphasis and concerns on appropriate feeds for specific animals and this presents a chance for the market players to speedily come up with organic trace mineral products that are innovative and tailored. Market players are gradually appreciating recent developments, such as the use of complex trace minerals for greater bioavailability, embracing sustainable production methods, and the use of modern technology in micronutrient delivery.
It is quite easy to analyze the competition in the market as the market has many players who are both old and new in the market. Companies use strategic alliances, mergers and acquisitions in order to capture the market and broaden the scope of activity. Further research and development is being undertaken in a bid to improve the effectiveness, safety and cost of the organic mineral feed.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Animal Feed Organic Trace Minerals Market Drivers
Rising Awareness of Animal Health and Welfare
The increasing concern of people towards animal health and welfare has become one of the drivers of the animal feed organic trace minerals market. The populace is becoming more and more watchful about the types of food that they take, especially meat and dairy products. This has caused a need for animal products that are produced in a more humane and environmentally friendly manner. Organic trace minerals are important for animals` health and well-being, and including them in animal feed can enhance the productivity of animals and reduce diseases.
In turn, people’s increasing awareness of animal health and welfare is also increasing the sales of animal feed organic trace minerals.
Increasing Demand for Organic Products
The increasing demand for organic products is another key driver of the animal feed organic trace minerals market. Consumers are increasingly seeking out organic products, including organic meat and dairy products. This is due to a number of factors, including concerns about the safety of conventional farming practices, the desire for healthier and more sustainable food options, and the belief that organic products are more ethical. The growing demand for organic products is creating a demand for organic animal feed ingredients, including organic trace minerals.
Government Regulations on Animal Feed
Government regulations on animal feed are another factor that is driving the demand for animal feed organic trace minerals. In many countries, there are strict regulations on the use of antibiotics and other growth promoters in animal feed. This is due to concerns about the development of antibiotic-resistant bacteria and the potential for these drugs to enter the human food supply. As a result, there is a growing demand for alternative feed ingredients that can help to improve animal health and productivity without the use of antibiotics.
Organic trace minerals are a natural and safe alternative to antibiotics, and they can help to improve animal health and productivity without the risk of developing antibiotic resistance
Animal Feed Organic Trace Minerals Market Segment Insights
Animal Feed Organic Trace Minerals Market Livestock Type Insights
The Animal Feed Organic Trace Minerals Market is segmented on the basis of livestock type, which includes poultry, ruminants, swine, and aquaculture. The poultry segment accounted for the largest share of the market in 2023 and is projected to grow at a steady rate in the upcoming years. The segment growth is accounted to the increasing demand for poultry products, which include, chicken, turkey, and eggs. However, the ruminant segment is projected to grow at the fastest rate over the review period 2024 to 2032, which accounts for the increasing demand for meat and milk products, which include beef, pork, lamb, etc.
Also, at the same time, the swine segment is projected to grow at a steady rate, which accounts for the increasing demand for pork products. However, the aquaculture segment is projected to grow at a moderate rate, which accounts for the increasing demand for fish and seafood products. The animal feed organic trace minerals market is projected to grow at a steady rate over the review period 2024 to 2032. The market is projected to grow at this rate owing to the increasing awareness about the benefits of organic trace minerals in the animal diet.
Organic trace minerals are essential for the growth and development of animals. They also help in maintaining the overall health of animals by improving the immune system and reducing the risk of diseases. However, the market is highly competitive with the presence of many key players such as BASF SE, Cargill, Incorporated, Archer Daniels Midland Company, etc. These key players are adopting the strategy of expansion of the business operation to meet the increasing demand for animal feed products and applications.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Animal Feed Organic Trace Minerals Market Application Insights
The 'Feed Premixes' segment held the largest market share of 45% in 2023, driven by the increasing demand for balanced and fortified diets for livestock. The 'Mineral Supplements' segment is projected to witness the fastest growth over the forecast period, owing to the rising awareness about the importance of trace minerals for animal health and well-being. The 'Direct Feed Additives' segment accounted for a significant market share, as these additives offer a convenient and effective way to supplement trace minerals in animal feed.
Animal Feed Organic Trace Minerals Market Source Insights
The Animal Feed Organic Trace Minerals Market segmentation by Source is categorized into Yeasts, Bacteria, Chelates, and Minerals. The Chelates segment is projected to have the largest market share in 2023 and is projected to dominate the market during the forecast period. The growth of this segment can be attributed to the increasing demand for chelated trace minerals, as they are more easily absorbed and utilized by animals. Yeasts are considered a natural source of organic trace minerals and are expected to witness steady growth in the coming years.
Bacteria and minerals are also expected to contribute to the growth of the Animal Feed Organic Trace Minerals Market. The Animal Feed Organic Trace Minerals Market is expected to reach USD 2.05 billion by 2024, witnessing a CAGR of 4.2% during the forecast period of 2024-2032.
Animal Feed Organic Trace Minerals Market Form Insights
The Animal Feed Organic Trace Minerals Market is segmented by form into powder, liquid, granules, and blocks. The powder form segment accounted for the largest share of the market in 2023 and is expected to continue to dominate the market over the forecast period. The powder form is easy to handle and transport and can be easily mixed into animal feed. The liquid form segment is expected to grow at the fastest CAGR over the forecast period due to its high bioavailability and ease of absorption. The granules form segment is expected to account for a significant share of the market, as it is a convenient and cost-effective option for farmers.
The blocks form segment is expected to account for a small share of the market, as it is less commonly used in animal feed.
Animal Feed Organic Trace Minerals Market Regional Insights
The Animal Feed Organic Trace Minerals Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America held the largest market share in 2023 and is expected to maintain its dominance throughout the forecast period. The growth of the regional market can be attributed to the increasing awareness about the benefits of organic trace minerals in animal feed, the growing demand for meat and dairy products, and the presence of major market players in the region. Europe is the second-largest market for animal feed organic trace minerals, followed by APAC.
The APAC region is expected to witness significant growth in the coming years, owing to the rising demand for animal protein and the increasing adoption of organic farming practices. South America and MEA are also expected to contribute to the growth of the market, albeit at a slower pace.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Animal Feed Organic Trace Minerals Market Key Players And Competitive Insights:
Major players in the Animal Feed Organic Trace Minerals Market industry are constantly striving to gain a competitive advantage by investing in research and development, expanding their product portfolios, and forming strategic partnerships. Leading Animal Feed Organic Trace Minerals Market players are focusing on developing innovative products that meet the specific nutritional requirements of different animal species and production systems. The Animal Feed Organic Trace Minerals Market is highly competitive, with a number of established players and new entrants vying for market share. The Competitive Landscape of the Animal Feed Organic Trace Minerals Market is characterized by intense competition among major players. These players are continuously investing in research and development to improve their product offerings and gain a competitive edge.
Alltech is a leading provider of animal nutrition and health products. The company offers a wide range of Animal Feed Organic Trace Minerals Market products, including organic trace minerals, vitamins, and probiotics. Alltech has a strong presence in the Animal Feed Organic Trace Minerals Market and is known for its innovative products and commitment to customer service. The company's Animal Feed Organic Trace Minerals Market products are used by a variety of animal producers, including poultry, swine, and cattle producers. Alltech has a reach and operates in over 120 countries.
Zinpro Corporation is another major player in the Animal Feed Organic Trace Minerals Market. The company offers a range of organic trace minerals, including zinc, copper, and manganese. Zinpro Corporation's Animal Feed Organic Trace Minerals Market products are designed to improve animal health and performance. The company has a strong research and development program and is committed to providing innovative products to its customers. Zinpro Corporation's Animal Feed Organic Trace Minerals Market products are used by a variety of animal producers, including poultry, swine, and cattle producers. The company has a reach and operates in over 70 countries.
Key Companies in the Animal Feed Organic Trace Minerals Market Include:
Novus International
Lallemand Animal Nutrition
Biomin GmbH
Alltech
Kemin Industries
Perstorp
AgSource LLC
DLG Group
DuPont
CJ CheilJedang
Royal DSM
Zinpro Corporation
FrieslandCampina Domo
Zinpro Metallurgical
Beta Renewables, LLC
Animal Feed Organic Trace Minerals Market Industry Developments
The Animal Feed Organic Trace Minerals Market is projected to witness significant growth over the forecast period, driven by rising consumer demand for high-quality animal products and increasing awareness of the importance of trace minerals for animal health and productivity. The growing population and urbanization are also contributing to the demand for animal-based protein, which in turn is driving the market for animal feed organic trace minerals.
Recent news developments in the market include the launch of new products by leading manufacturers, such as Zinpro Corporation's introduction of a new line of organic trace minerals for poultry and swine. Additionally, there have been several acquisitions and partnerships in the market, such as the acquisition of Novus International by Mitsui & Co. and the partnership between Alltech and Biomin to develop new trace mineral solutions for animal feed.
Animal Feed Organic Trace Minerals Market Segmentation Insights
Animal Feed Organic Trace Minerals Market Livestock Type Outlook
Poultry
Ruminants
Swine
Aquaculture
Animal Feed Organic Trace Minerals Market Application Outlook
Feed Premixes
Mineral Supplements
Direct Feed Additives
Animal Feed Organic Trace Minerals Market Source Outlook
Yeasts
Bacteria
Chelates
Minerals
Animal Feed Organic Trace Minerals Market Form Outlook
Powder
Liquid
Granules
Blocks
Animal Feed Organic Trace Minerals Market Regional Outlook
North America
Europe
South America
Asia Pacific
Middle East and Africa
| Report Attribute/Metric | Details |
| Market Size 2022 | 1.77(USD Billion) |
| Market Size 2023 | 1.84(USD Billion) |
| Market Size 2032 | 2.5(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 3.49% (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 | Novus International, Lallemand Animal Nutrition, Biomin GmbH, Alltech, Kemin Industries, Perstorp, AgSource LLC, DLG Group, DuPont, CJ CheilJedang, Royal DSM, Zinpro Corporation, FrieslandCampina Domo, Zinpro Metallurgical, Beta Renewables, LLC |
| Segments Covered | Livestock Type, Application, Source, Form, Regional |
| Key Market Opportunities | 1 Increased demand for organic livestock products2 Growing awareness of animal health and welfare3 Technological advancements in organic trace mineral production4 Rising disposable income in developing economies5 Government regulations favoring organic farming practices |
| Key Market Dynamics | Rising demand for organic animal products Increasing awareness of animal welfare Technological advancements in trace mineral production Growing consumer preference for sustainable agriculture Expansion of organic livestock farming. |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Animal Feed Organic Trace Minerals Market is valued at USD 1.84 Billion in 2023 and is projected to reach USD 2.5 Billion by 2032, exhibiting a CAGR of 3.49% during the forecast period.
North America and Europe are the dominant markets for Animal Feed Organic Trace Minerals, accounting for a significant share of the market. Asia Pacific is expected to witness the fastest growth over the forecast period due to the increasing demand for animal protein and the growing awareness of animal health.
Animal Feed Organic Trace Minerals are primarily used in livestock feed, poultry feed, and aquaculture feed to enhance animal health, productivity, and product quality.
Key players in the Animal Feed Organic Trace Minerals Market include Archer Daniels Midland Company, Cargill, Incorporated, BASF SE, Nutreco N.V., and Novus International, Inc.
Rising concerns over animal health and welfare, increasing demand for organic and natural feed ingredients, and growing awareness of the benefits of trace minerals are driving the growth of the Animal Feed Organic Trace Minerals Market.
Challenges faced by the Animal Feed Organic Trace Minerals Market include fluctuations in raw material prices, regulatory complexities, and competition from synthetic trace minerals
Opportunities for growth in the Animal Feed Organic Trace Minerals Market lie in the development of innovative products, expansion into emerging markets, and collaborations with research institutions.
Key trends shaping the Animal Feed Organic Trace Minerals Market include the adoption of precision feeding practices, increasing demand for sustainable feed ingredients, and the integration of technology in animal nutrition.
The future outlook for the Animal Feed Organic Trace Minerals Market is positive, with growing demand for animal protein, increasing awareness of animal health, and continued innovation in feed technologies.
Key growth drivers for the Animal Feed Organic Trace Minerals Market include rising consumer demand for organic and natural products, increasing awareness of the benefits of trace minerals, and the growing focus on animal health and welfare.
The Animal Feed Organic Trace Minerals Market is valued at USD 1.84 Billion in 2023 and is projected to reach USD 2.5 Billion by 2032, exhibiting a CAGR of 3.49% during the forecast period.
North America and Europe are the dominant markets for Animal Feed Organic Trace Minerals, accounting for a significant share of the market. Asia Pacific is expected to witness the fastest growth over the forecast period due to the increasing demand for animal protein and the growing awareness of animal health.
Animal Feed Organic Trace Minerals are primarily used in livestock feed, poultry feed, and aquaculture feed to enhance animal health, productivity, and product quality.
Key players in the Animal Feed Organic Trace Minerals Market include Archer Daniels Midland Company, Cargill, Incorporated, BASF SE, Nutreco N.V., and Novus International, Inc.
Rising concerns over animal health and welfare, increasing demand for organic and natural feed ingredients, and growing awareness of the benefits of trace minerals are driving the growth of the Animal Feed Organic Trace Minerals Market.
Challenges faced by the Animal Feed Organic Trace Minerals Market include fluctuations in raw material prices, regulatory complexities, and competition from synthetic trace minerals
Opportunities for growth in the Animal Feed Organic Trace Minerals Market lie in the development of innovative products, expansion into emerging markets, and collaborations with research institutions.
Key trends shaping the Animal Feed Organic Trace Minerals Market include the adoption of precision feeding practices, increasing demand for sustainable feed ingredients, and the integration of technology in animal nutrition.
The future outlook for the Animal Feed Organic Trace Minerals Market is positive, with growing demand for animal protein, increasing awareness of animal health, and continued innovation in feed technologies.
Key growth drivers for the Animal Feed Organic Trace Minerals Market include rising consumer demand for organic and natural products, increasing awareness of the benefits of trace minerals, and the growing focus on animal health and welfare.
Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
