Reports
Global Animal Feed Micronutrients Market Size, Growth: By Product: Manganese, Iron, Boron, Zinc, Copper, Others; By Application: Ruminants, Swine, Poultry, Equine, Aqua, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Animal Feed Micronutrients Market Outlook
The global animal feed micronutrients market reached a value of about USD 1.65 billion in 2021. The market is further estimated to grow at a CAGR of 6.20% in the forecast period of 2024-2032 to reach a value of around USD 2.37 billion by 2027.
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Rising Demand for Manganese in Animal Feed to Aid the Market Growth During the Forecast Period
Based on product, the demand for manganese in animal feed is significantly growing. Manganese plays a critical role in animal nutrition, particularly in activating the enzymes to produce mucopolysaccharides and glycoproteins, forming the organic matrix of bone and cartilage. The trace mineral manganese is concentrated in the animal bones, and its deficiency results in reduced growth or malformed bones in cattle and chickens, which leads to increased demand for manganese in animal feeds. Also, manganese is vital for reproductive performance, particularly in cattle, as manganese deficiency in cows can result in their offspring having inadequate bone formation. The growing awareness about the importance of manganese in fat metabolism, carbohydrate metabolism and energy production is positively impacting the animal feed micronutrients market growth. Further, manganese improves the immune function in cattle and reduces milk fever, which enables the dairy producer to experience less loss in their operation.
Market Segmentation
Animal feed micronutrients are nutrients that are required by the animals in small quantities and are used in the food of domestic animals. They are added to boost overall animal health, prevent nutritional deficiency, and increase feed consistency. The micronutrients that are essential for animal nutrition include iron, manganese, boron, copper, and zinc, among others.
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The market for animal feed micronutrients, by product, is divided into:
- Manganese
- Iron
- Boron
- Zinc
- Copper
- Others
Based on application, the market is segmented into:
- Ruminants
- Swine
- Poultry
- Equine
- Aqua
- Others
The regional markets for animal feed micronutrients can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Concerns towards Animal Health to Drive the Market Growth of Animal Feed Micronutrients
The increasing concerns over animal health and the prevalence of diseases like beriberi and scurvy due to nutritional deficiency worldwide are leading to the steady growth of the animal feed micronutrients market. Micronutrients play a critical role in improving animal health, and the growing dependency of the global population on animal products, like eggs, milk, and meat, among others, is leading to the rising demand for micronutrients in animal feed. The development of the animal husbandry sector in emerging countries is contributing to the market expansion. Additionally, the government initiatives to support the livestock sector and promote animal health in order to meet the increasing food security concerns are aiding the market growth. Further, the rising spending on livestock farming and the new product launches by the leading market players to expand their product portfolio of animal health and nutrition are expected to augment the market over the forecast period.
Key Players in the Global Market for Animal Feed Micronutrients
The report gives a detailed analysis of the following key players in the global animal feed micronutrients market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Cargill Incorporated
- Nutreco N.V.
- Kemin Industries, Inc.
- Archer Daniels Midland Company
- Lallemand Inc.
- Aries Agro Limited.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Animal Feed Micronutrients Market Analysis
8.1 Key Industry Highlights
8.2 Global Animal Feed Micronutrients Historical Market (2018-2023)
8.3 Global Animal Feed Micronutrients Market Forecast (2024-2032)
8.4 Global Animal Feed Micronutrients Market by Product
8.4.1 Manganese
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Iron
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Boron
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Zinc
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Copper
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Animal Feed Micronutrients Market by Application
8.5.1 Ruminants
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Swine
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Poultry
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Equine
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Aqua
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Animal Feed Micronutrients Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Animal Feed Micronutrients Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Animal Feed Micronutrients Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Animal Feed Micronutrients Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Animal Feed Micronutrients Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Animal Feed Micronutrients Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Cargill Incorporated
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Nutreco N.V.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Kemin Industries, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Archer Daniels Midland Company
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Lallemand Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Aries Agro Limited.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Animal Feed Micronutrients Market: Key Industry Highlights, 2018 and 2032
2. Global Animal Feed Micronutrients Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Animal Feed Micronutrients Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Animal Feed Micronutrients Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Animal Feed Micronutrients Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Animal Feed Micronutrients Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Animal Feed Micronutrients Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Animal Feed Micronutrients Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Animal Feed Micronutrients Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Animal Feed Micronutrients Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Animal Feed Micronutrients Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Animal Feed Micronutrients Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Animal Feed Micronutrients Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Animal Feed Micronutrients Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Animal Feed Micronutrients Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Animal Feed Micronutrients Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Animal Feed Micronutrients Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Animal Feed Micronutrients Market Structure
Key Questions Answered in the Report
In 2021, the global animal feed micronutrients market attained a value of nearly USD 1.65 billion.
The market is assessed to grow at a CAGR of 6.20% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach almost USD 2.37 billion by 2027.
The major market drivers include the rising demand for manganese in animal feed, increasing focus on animal health and nutrition, increasing livestock population in developing countries, and increasing government expenditure on the development of the livestock sector.
The key trends guiding the growth of the market include the growing dependency of the global population on animal products, growing prevalence of diseases due to nutritional deficiency, and new product launches by market players.
The major regions are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant products of animal feed micronutrients include manganese, iron, boron, zinc, and copper, among others.
The various applications of animal feed micronutrients include ruminants, swine, poultry, equine, and aqua, among others.
The major players in the market are Cargill Incorporated, Nutreco N.V., Kemin Industries, Inc., Archer Daniels Midland Company, Lallemand Inc., and Aries Agro Limited., among others.
Analyst Review
The global animal feed micronutrients market attained a value of nearly USD 1.65 billion in 2021, driven by the growing concerns about animal health and the prevalence of diseases due to nutritional deficiency. Aided by the new product launches by the leading market players, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.20%. The market is estimated to reach about USD 2.37 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market for animal feed micronutrients, by product, is divided into manganese, iron, boron, zinc, and copper, among others. Based on application, the market is segmented into ruminants, swine, poultry, equine, and aqua, among others. The major regional markets for animal feed micronutrients are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Cargill Incorporated, Nutreco N.V., Kemin Industries, Inc., Archer Daniels Midland Company, Lallemand Inc., and Aries Agro Limited., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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