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Global Animal Feed Micronutrients Market: By Product: Manganese, Iron, Boron, Zinc, Copper, Others; By Application: Ruminants, Swine, Poultry, Equine, Aqua, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

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 2022-2027 to reach a value of around USD 2.37 billion by 2027.

 

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.

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.

 

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 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Application
  • Region
Breakup by Product
  • Manganese
  • Iron
  • Boron
  • Zinc
  • Copper
  • Others
Breakup by Application
  • Ruminants
  • Swine
  • Poultry
  • Equine
  • Aqua
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Cargill Incorporated
  • Nutreco N.V.
  • Kemin Industries, Inc.
  • Archer Daniels Midland Company
  • Lallemand Inc.
  • Aries Agro Limited.
  • Others
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.

 

*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Animal Feed Micronutrients Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Animal Feed Micronutrients Historical Market (2017-2021)
    8.3    Global Animal Feed Micronutrients Market Forecast (2022-2027)
    8.4    Global Animal Feed Micronutrients Market by Product
        8.4.1    Manganese
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Iron
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Boron
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Zinc
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Copper
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
        8.4.6    Others
    8.5    Global Animal Feed Micronutrients Market by Application
        8.5.1    Ruminants
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Swine
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Poultry
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Equine
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Aqua
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2017-2021)
            8.5.5.3    Forecast Trend (2022-2027)
        8.5.6    Others
    8.6    Global Animal Feed Micronutrients Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Cargill Incorporated
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Nutreco N.V.
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Kemin Industries, Inc.
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Archer Daniels Midland Company
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Lallemand Inc.
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Aries Agro Limited.
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    Others
12    Industry Events and Developments

 

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, 2017 and 2027
2.    Global Animal Feed Micronutrients Historical Market: Breakup by Product (USD Billion), 2017-2021
3.    Global Animal Feed Micronutrients Market Forecast: Breakup by Product (USD Billion), 2022-2027
4.    Global Animal Feed Micronutrients Historical Market: Breakup by Application (USD Billion), 2017-2021
5.    Global Animal Feed Micronutrients Market Forecast: Breakup by Application (USD Billion), 2022-2027
6.    Global Animal Feed Micronutrients Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global Animal Feed Micronutrients Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America Animal Feed Micronutrients Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    North America Animal Feed Micronutrients Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Europe Animal Feed Micronutrients Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Europe Animal Feed Micronutrients Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Asia Pacific Animal Feed Micronutrients Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Asia Pacific Animal Feed Micronutrients Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Latin America Animal Feed Micronutrients Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Latin America Animal Feed Micronutrients Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Middle East and Africa Animal Feed Micronutrients Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Middle East and Africa Animal Feed Micronutrients Market Forecast: Breakup by Country (USD Billion), 2022-2027
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 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 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 2022-2027, 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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