Animal Feed Organic Trace Minerals Market Size

Animal Feed Organic Trace Minerals Market Size

Animal Feed Organic Trace Minerals Market has a size of USD 740.5 million in 2023 and is projected to expand at over 6.9% CAGR from 2024 to 2032. The market pertains to the utilization of organically bound trace minerals, including zinc, copper, iron, and manganese, in animal diets. These minerals play a crucial role in ensuring optimal animal growth, bolstering immune functions, and maintaining overall health.

Compared to their inorganic counterparts, organic trace minerals boast higher bioavailability and lower toxicity, translating to enhanced absorption and utilization in animals. As the livestock sector increasingly embraces these minerals to boost productivity, elevate feed efficiency, and uphold animal welfare, the market's purview is broadening. According to the United States Department of Agriculture (USDA), the adoption of organic trace minerals in animal feed has shown a significant increase, with a reported 15% rise in usage over the past five years. Furthermore, escalating consumer preferences for premium animal products and sustainable farming practices are bolstering the market's trajectory.
 

The increasing populations and rising affluence in emerging nations are driving demand for protein-rich foods, notably meat, dairy, and eggs. This surge is propelling growth in the animal feed sector. Research from the OECD projects that global per capita meat consumption will plateau at around 35.6 kg/year by 2031. Additionally, advancements in precision farming, coupled with innovations in feed components and technologies, are enhancing feed efficiency. This, in turn, is driving down costs, thereby increasing accessibility for both farmers and consumers.
 

Organic trace minerals are more effective than inorganic trace minerals and are utilized as inorganic mineral substitutes. The increasing bioavailability is bolstering product demand. However, organic minerals are more expensive than inorganic minerals for animal feed, limiting business demand. Subsequently, several organizations propose combining organic and inorganic trace minerals although the rising production rates are lowering operating expenses, which is likely to help firms tackle this restraint.