Animal Feed Micronutrients Market: By Product Type, Micronutrient Type, livestock, and Region Forecast 2019-2030    

Animal Feed Micronutrients Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Powders, Liquids), Micronutrient Type (Copper, Zinc, Magnesium, Calcium, Iron, Manganese, Others), livestock (Poultry, Ruminants, Equine, Aqua, Swine, Others), and Region Forecast 2019-2030    

Animal Feed Micronutrients Market size was estimated at US$ 1.8 billion in 2023 and is poised to grow at a CAGR of 7.4% from 2024-2030. Micronutrients are the nutritional elements required by the organisms in very fewer quantities to maintain the proper physiological functions. Market are used as additives along with the common feed about less than 100 mg per day. The commonly required animal feed micronutrients include iron, copper, zinc, magnesium, and others used for various animals such as poultry, ruminants, equine, aqua, swine, and others.

The animal feed micronutrients are required to increase in performance and enhancing the reproduction rate, growth. In addition, micronutrients prevent, cure various diseases and enhance the digestibility in the animals. Global market is in the advanced stage as several local and international players are producing various animal feed micronutrients for improving the growth and health of the animals. Increase in the livestock expected to boost the market. Acquisitions & mergers, collaborations, joint ventures, and new product launch are the key strategies followed by various companies to increase their market share in global market. Moreover, diversification of business segments around the globe is also a key strategy to increase the company's revenue in the market.

Key Developments

  • In January 2016, Nutreco acquired the Micronutrients, Inc. for strengthening its micronutrients feed product portfolio. Similarly,
  • In May 2016, Balchem Corporation and BASF collaborated for the development of novel micronutrient feed products in the swine industry for North America region.
  • In March 2017, Archer Daniels Midland Company has expanded business plans in China to expand the company revenue.

Global Animal Feed Micronutrients Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

7.4%

Largest Market

Asia-Pacific

Fastest Growing Market

Europe

Animal Feed Micronutrients Market Dynamics

The global Animal feed micronutrients market is growing at a significant CAGR due to increasing interest in owning pet animals. Increase in the consumption of dairy products in the food and beverage industry, growth in the population preferring for healthy meat and dairy products, rise in expenditure for the animal welfare and wellness, and focus on the development of fertility in animals expected to bolster the animal feed micronutrients over the forecast period.

In addition, increase in the prevalence of various diseases in animals, lack of nutrient food due to soil and water contamination, an increase in the awareness regarding adverse effects associated with the chemical food also fuel the market over the forecast years. However, stringent regulatory policies for the nutritional products, lack of awareness regarding the animal feed micronutrients in untrained and poor farmers, who are preferring grass and other traditional food products in the rural area, and complexity in the dosing application might hamper the growth of the marketover the forecast years.

Global Animal Feed Micronutrients Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 1.8 billion

Market CAGR

7.4%

By Product Type

  • Powders
  • Liquids

By Micronutrient Type

  • Copper
  • Zinc
  • Magnesium
  • Calcium
  • Iron
  • Manganese
  • Others

By Livestock

  • Poultry
  • Ruminants
  • Equine
  • Aqua
  • Swine
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Features of the Report

  • The animal feed micronutrients market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis

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Frequently Asked Questions

The global animal feed micronutrients market size was estimated at US$ 1.8 billion in 2023 and is projected to grow at a CAGR of 7.4% from 2024-2030.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

Archer Daniels Midland Company, Lallemand Inc., Cargill Inc., Kemin Industries Inc., Nutreco N.V, Balchem Corporation, Novus International Inc., Zinpro Corporation, Alltech Inc., Aries Agro Ltd., Agrium Advanced Technologies, Anco Animal Nutrition Competence GmbH, Zivo Bioscience, Inc., NutriQuest

The animal feed micronutrients market is witnessing a trend towards the inclusion of sustainable and traceable sources of micronutrients to meet consumer and regulatory demands for transparency and environmental responsibility in animal agriculture.

One key threat in the animal feed micronutrients market is the potential for regulatory changes and restrictions related to the use of certain micronutrients, which can impact product formulations and market dynamics.

Author image

Author

Manoj Kumar

Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....

1.Executive Summary
2.Global Animal Feed Micronutrients Market Introduction 
2.1.Global Animal Feed Micronutrients Market  - Taxonomy
2.2.Global Animal Feed Micronutrients Market  - Definitions
2.2.1.Product Type
2.2.2.Micronutrient Type
2.2.3.Livestock
2.2.4.Region
3.Global Animal Feed Micronutrients Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Animal Feed Micronutrients Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Animal Feed Micronutrients Market  By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Powders
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Liquids
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Animal Feed Micronutrients Market  By Micronutrient Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Copper
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Zinc
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Magnesium
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Calcium
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Iron
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Manganese
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
6.7. Others
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.7.3. Market Opportunity Analysis 
7.Global Animal Feed Micronutrients Market  By Livestock, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Poultry
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Ruminants
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Equine
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Aqua
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Swine
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
7.6. Others
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.6.3. Market Opportunity Analysis 
8.Global Animal Feed Micronutrients Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Animal Feed Micronutrients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Powders
9.1.2.Liquids
9.2.  Micronutrient Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Copper
9.2.2.Zinc
9.2.3.Magnesium
9.2.4.Calcium
9.2.5.Iron
9.2.6.Manganese
9.2.7.Others
9.3.  Livestock Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Poultry
9.3.2.Ruminants
9.3.3.Equine
9.3.4.Aqua
9.3.5.Swine
9.3.6.Others
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Animal Feed Micronutrients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Powders
10.1.2.Liquids
10.2.  Micronutrient Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Copper
10.2.2.Zinc
10.2.3.Magnesium
10.2.4.Calcium
10.2.5.Iron
10.2.6.Manganese
10.2.7.Others
10.3.  Livestock Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Poultry
10.3.2.Ruminants
10.3.3.Equine
10.3.4.Aqua
10.3.5.Swine
10.3.6.Others
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
10.4.7.
11.Asia Pacific (APAC) Animal Feed Micronutrients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Powders
11.1.2.Liquids
11.2.  Micronutrient Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Copper
11.2.2.Zinc
11.2.3.Magnesium
11.2.4.Calcium
11.2.5.Iron
11.2.6.Manganese
11.2.7.Others
11.3.  Livestock Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Poultry
11.3.2.Ruminants
11.3.3.Equine
11.3.4.Aqua
11.3.5.Swine
11.3.6.Others
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Animal Feed Micronutrients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Powders
12.1.2.Liquids
12.2.  Micronutrient Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Copper
12.2.2.Zinc
12.2.3.Magnesium
12.2.4.Calcium
12.2.5.Iron
12.2.6.Manganese
12.2.7.Others
12.3.  Livestock Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Poultry
12.3.2.Ruminants
12.3.3.Equine
12.3.4.Aqua
12.3.5.Swine
12.3.6.Others
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Animal Feed Micronutrients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Powders
13.1.2.Liquids
13.2.  Micronutrient Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Copper
13.2.2.Zinc
13.2.3.Magnesium
13.2.4.Calcium
13.2.5.Iron
13.2.6.Manganese
13.2.7.Others
13.3.  Livestock Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Poultry
13.3.2.Ruminants
13.3.3.Equine
13.3.4.Aqua
13.3.5.Swine
13.3.6.Others
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Archer Daniels Midland Company (U.S.)
14.2.2.Lallemand Inc. (Canada)
14.2.3.Cargill Inc. (U.S.)
14.2.4.Kemin Industries Inc. (U.S.)
14.2.5.Nutreco N.V. (Netherlands)
14.2.6.Balchem Corporation (U.S.)
14.2.7.Novus International Inc. (U.S.)
14.2.8.Zinpro Corporation (U.S.)
14.2.9.Alltech Inc. (U.S.)
14.2.10.Aries Agro Ltd. (India)
14.2.11.Agrium Advanced Technologies (Canada)
14.2.12.Anco Animal Nutrition Competence GmbH (Austria)
14.2.13.Zivo Bioscience, Inc. (U.S.)
14.2.14.NutriQuest (U.S.)
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • Archer Daniels Midland Company
  • Lallemand Inc.
  • Cargill Inc.
  • Kemin Industries Inc.
  • Nutreco N.V
  • Balchem Corporation
  • Novus International Inc.
  • Zinpro Corporation
  • Alltech Inc.
  • Aries Agro Ltd.
  • Agrium Advanced Technologies
  • Anco Animal Nutrition Competence GmbH
  • Zivo Bioscience, Inc.
  • NutriQuest

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