Sales of animal feed minerals in the United States are projected to grow at a CAGR of 4.6% through 2034, with expected revenue reaching USD 1.5 billion. This growth is primarily driven by heightened awareness among dairy producers regarding feed quality. Moreover, government and international organizations, such as the FAO, emphasize the health and safety of animal-based foods, which further supports the U.S. animal feed mineral market.
The animal feed minerals industry is expected to reach around USD 4.4 billion by the end of 2024. Forecasts indicate a compound annual growth rate (CAGR) of 3.9%, with the market projected to surpass USD 6.1 billion by 2034.
Drivers and Opportunities:
The demand for Animal Feed Minerals is primarily driven by the increased awareness regarding livestock health, leading to the adoption of advanced feed solutions. The rising demand for high-quality meat and dairy products has further intensified the focus on mineral supplementation, particularly in intensive livestock farming practices.
Furthermore, the market presents significant opportunities with advancements in precision nutrition and feed formulation technologies. Sustainable and eco-friendly solutions in feed mineral production are also gaining traction, addressing concerns regarding environmental impact and animal welfare.
Government initiatives promoting safe and quality animal feed practices, particularly in developing economies, are expected to create new avenues for market expansion.
Key takeaways from the Animal Feed Minerals market study
- The Animal Feed Minerals market is projected to grow at a CAGR of 3.9% during the forecast period (2024-2034)
- The United States Animal Feed Minerals market is expected to grow by 24.5% to reach a market share during the forecast period
- Based on the mineral type, the Zinc segment is expected to dominate the Animal Feed Minerals market industry with a 34.5% market share in 2024 however
Competitive Landscape
Due to the diverse applications of animal feed minerals, key manufacturers are exploring additional utilization areas, emphasizing the product’s significant health benefits. Brands are differentiating their animal feed mineral offerings by providing specialized ingredients, unique formulations, and targeted benefits tailored to various animal species. This approach helps them stand out in the market and address specific needs. Additionally, many animal feed brands are adopting sustainable and eco-friendly practices to meet the growing demand for environmentally responsible products. They source ingredients directly from sustainable agriculture and focus on reducing wastewater and energy consumption.
Recent Developments:
- In 2022, Avitech Nutrition launched Performins which is a brand of organic trace mineral Performins derives through a distinct 4S advantage of Size, Solubility, Specificity, and Stability and is intended for improved bio-availability, absorption, and animal performance.
- Performins has been launched in 4 variations including Performins Layer, Performins Broiler Performins Breeder, and Performins Dairy CMZ. It is existing in a 25 Kg HDPE bag. Performing represents the top result among various organic minerals available in the 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.
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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
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