Feed Micronutrients Market - Product (Trace Minerals [Iron, Zinc, Manganese, Copper, Boron], Vitamins [Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin K, Vitamin E, Carotenoids]), By Livestock (Poultry, Ruminant, Aquaculture, Swine, Equine) & Forecast, 2024-2032

Feed Micronutrients Market Size

Feed Micronutrients Market size has a size of USD 1.95 billion in 2023 and is projected to expand at over 4.9% CAGR from 2024 to 2032. The market focuses on supplying essential vitamins, minerals, and trace elements to animal feed. These additives aim to bolster animal health, growth, and productivity.
 

The market caters to diverse livestock sectors, encompassing poultry, cattle, swine, aquaculture, and equine. It responds to the necessity for precise nutritional blends, which not only enhance feed efficiency but also bolster disease resistance and elevate animal performance. The market's product spectrum includes premixes and supplements, and it thrives on innovations in animal nutrition, supportive regulations, and the rising global appetite for premium animal products. According to the United States Department of Agriculture (USDA), the global demand for animal feed is projected to grow by 3.5% annually, driven by increasing livestock production and consumer demand for high-quality animal products.
 

Expansive growth in the animal feed sector across emerging countries like Brazil, Mexico, India, and China, will offer a positive business outlook to industry participants. Animal forage that contains low amounts of vital ingredients can lead to inadequate intake of nutrients by livestock. To counter this, farmers and breeders are using feed additives and micronutrients to improve overall livestock health and welfare. New companies and startups are introducing innovative ways to improve the nutritional content of animal feed products. For instance, in August 2022, Loopworm, an insect biotech startup, raised $3.4 billion to fund R&D activities as well as set up its first factory to scale up the production of protein and micronutrient-rich animal feed.
 

Higher costs associated with the development of feed micronutrients and their negative environmental impacts could restrain industry growth. The presence of ingredients like zinc and copper in these products can contribute to soil pollution. Moreover, surging demands for animal products and struggling supplies of feed raw materials could hamper the growth of the global feed micronutrients industry to some extent.
 

Feed Micronutrients Market Trends

Within the feed micronutrients sector, a notable trend is the rising demand for precision nutrition solutions, customized to meet the specific needs of livestock. This surge is primarily fuelled by advancements in animal health and productivity. According to the USDA, the global market has seen significant growth in recent years, with the U.S. alone reporting a 10% increase in feed micronutrient usage from 2020 to 2023. Companies are increasingly prioritizing sustainability, directing investments towards eco-friendly and organic sources for micronutrients. The sector is also witnessing a wave of innovations in micronutrient formulations, aimed at boosting bioavailability and overall efficacy.
 

Furthermore, a heightened focus on animal welfare, coupled with mounting regulatory pressures, is underscoring the need for stricter quality controls and enhanced traceability measures. Notably, companies are eyeing geographic expansions, with a pronounced interest in emerging markets, especially in Asia-Pacific and Latin America, where the appetite for premium animal feed is on the rise. The FAO reports that the demand for animal feed in these regions is expected to increase by 15% over the next five years.
 

Feed Micronutrients Market Analysis

The market size from the trace minerals segment is estimated to record nearly 5.4% growth rate between 2024 and 2032 with a market size of USD 1.22 billion. Efforts to improve livestock health have fueled the demand for animal feed nutrients that contain vitamins and trace minerals that can help activate essential enzymes and hormones required for metabolic processes. These feed nutrients also contribute to disease prevention & cure and increase the digestibility of livestock.
 

Other key benefits of these products include skeletal development, immunity, optimum health, and the facilitation of high milk production. Rising cases of disease outbreaks among poultry and ruminants owing to iron, copper, zinc, boron, and manganese deficiency will enhance the demand for trace minerals. Apart from this, the high demand for animal feed additives that are rich in protein, energy, and mineral for improving lactation, & reproduction is anticipated to foster the segment growth.
 

Feed micronutrients market value from the poultry livestock segment is poised to surpass USD 1.4 billion by 2032. Feed micronutrients contain trace minerals, essential nutrients, and vitamins that accelerate the overall development of turkeys, broilers, and layers as well as facilitate superior reproduction, and health, and improve their overall performance. Expansion in poultry production, particularly in countries like UK, France, Germany, and Russia and consumer preference for higher nutrient-dense poultry products will augment product adoption. Furthermore, rising demand for poultry meat and eggs enriched with vitamins and minerals across these countries is expected to support business growth.
 

Other key benefits of these products include skeletal development, immunity, optimum health, and the facilitation of high milk production. Rising cases of disease outbreaks among poultry and ruminants owing to iron, copper, zinc, boron, and manganese deficiency will enhance the demand for trace minerals. Apart from this, the high demand for animal feed additives that are rich in protein, energy, and mineral for improving lactation, & reproduction is anticipated to foster the segment growth. Feed micronutrients market value from the poultry livestock segment is poised to surpass USD 1.36 billion by 2032 with a CAGR of 5%.
 

Feed micronutrients contain trace minerals, essential nutrients, and vitamins that accelerate the overall development of turkeys, broilers, and layers as well as facilitate superior reproduction, and health, and improve their overall performance. Expansion in poultry production, particularly in countries like UK, France, Germany, and Russia and consumer preference for higher nutrient-dense poultry products will augment product adoption. Furthermore, rising demand for poultry meat and eggs enriched with vitamins and minerals across these countries is expected to support business growth.
 

Asia Pacific feed micronutrients market is predicted to observe approximately 5% gains through 2032 with a market size of USD 0.87 billion. An increase in consumer purchasing power across countries like India, China, and Indonesia, has reinforced food and beverage businesses that rely on meat and poultry products. Escalating meat consumption and preference for high-quality poultry products have incited livestock farmers to use feed additives and micronutrients to propel production. According to estimates, poultry production in Southeast Asia increased by 56% in the last decade.
 

Feed Micronutrients Market Share

Companies like Zinpro Corporation, Tanke Biosciences Corporation, Biochem, Nutreco N.V., and Royal DSM employ diverse strategies in the market. They focus on innovation by developing advanced micronutrient formulations and investing in R&D to enhance product efficacy. Strategic partnerships and collaborations with research institutions help leverage cutting-edge technology. Expansion through acquisitions and mergers enables geographic reach and market penetration. Sustainability is a priority, with efforts to source eco-friendly ingredients and reduce environmental impact. Additionally, these companies engage in targeted marketing and education to raise awareness about the benefits of micronutrients in improving livestock health and productivity.
 

Feed Micronutrients Market Companies

Top companies operating in the Feed Micronutrients industry include:

• Zinpro Corporation
• Tanke Biosciences Corporation
• Biochem
• Nutreco N.V.
• Royal DSM
• QualiTech Corp.
• Mercer Milling Company Inc.
• Vamso Biotec Pvt. Ltd.
• Archer Daniels Midland Company
• Phibro Animal Health Corporation
• Alltech, Inc.
• Ridley Inc
• Novus International Inc.
• Davidsons Animal Feeds
• U.S. Rare Earth Minerals Inc.
• Cargill
• Kemin Industries Inc.
   

Feed Micronutrients Industry News

• In February 2022, Archer Daniels Midland took over Comhan Group, a South Africa-based firm that imports & distributes animal feeds and feed ingredients.
   

The feed micronutrients market research report includes in-depth coverage of the industry, with estimates and forecasts in terms of revenue and volume (USD Billion) (Tons) from 2024 to 2032, for the following segments:

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Market, By Type

• Trace Minerals
  • Iron
  • Zinc
  • Manganese
  • Copper
  • Boron
  • Others (Selenium, iodine, cobalt) 
• Vitamins
  • Vitamin B
  • Vitamin A (Retinol)
  • Vitamin C
  • Vitamin D
  • Vitamin E
  • Carotenoids
• Others (Essential nutrient, Fatty acids)

Market, By Livestock

• Poultry
• Ruminant
• Aquaculture
• Swine
• Equine

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA