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Animal Feed Micronutrients Market: By Product Type, Micronutrient Type, livestock, Geography
Animal Feed Micronutrients Market: By Product Type, Micronutrient Type, livestock, Geography
Animal Feed Micronutrients Market size was estimated at US$ 1.8 billion in 2022, growing at a CAGR of 7.4% during the forecast period 2023-2029. Micronutrients are the nutritional elements required by the organisms in very fewer quantities to maintain the proper physiological functions. Animal Feed Micronutrients 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 Animal feed micronutrients 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 animal feed micronutrients market. Â 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.
Animal Feed Micronutrients Market Key Developments :
Study Period
2024-2030Base Year
2023CAGR
7.4%Largest Market
Asia-PacificFastest Growing Market
Europe
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 animal feed micronutrients 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.
Geographically, Animal feed micronutrients market is segmented into the following regions Viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific holds the dominant share in animal feed micronutrients market followed by North America and Europe. Asia Pacific holds dominant share in market owing to increase in the population preference on the healthy meat and dairy products majorly in India and China, increase in the adoption of pet animals, rapid urbanization, and rise in cattle population. North America accounts for a key share of the market attributed to increase in the adoption of pet animals (according to American Pet Products Association, approximately 155 Mn canines and cats were owned in the U.S.), rise in expenditure for animal welfare and wellness, and increase in the awareness about the animal feed micronutrients expected to fuel the market. Europe holds a significant share in animal feed micronutrients market due to increase in the preference for consumption of meat and dairy products, focus on fisheries in Europe countries such as Norway, Ireland, and U.K among others.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 1.8 billion |
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Market CAGR |
7.4% |
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By Product Type |
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By Micronutrient Type |
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By Livestock |
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By Region |
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2022 is the base year and 2029 is the forecast year.
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).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
Animal Feed Micronutrients Market size was estimated at US$ 1.8 billion in 2022, growing at a CAGR of 7.4% during the forecast period 2023-2029.
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.
| 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, 2018-2022 and Forecast 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 5.1. Powders |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 6.1. Copper |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 7.1. Poultry |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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 ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
| 9.1. Product Type Analysis 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 ,2018-2022 and Forecast 2023-2029 (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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 ,2018-2022 and Forecast 2023-2029 (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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 ,2018-2022 and Forecast 2023-2029 (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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 ,2018-2022 and Forecast 2023-2029 (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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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
Author
Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of animal health and agriculture. His passion lies in unraveling the complexities of these domains through rigorous research and practical insights. Manoj Kumar’s journey has been marked by several key achievements: as a market analyst and competitive intelligence expert, he dissects data to provide actionable insights for global clients. Simultaneously, he champions animal healthcare, diagnosing ailments, and designing preventive care strategies. In the realm of agriculture, his focus on sustainable practices, emphasizing crop nutrition, soil health, and precision agriculture. His holistic approach and commitment to advancing science make him a respected figure in the ever-evolving landscape of life sciences.