According to a research report published by Spherical Insights and Consulting, The Global Trace Minerals in Feed Market Size Expected to Grow from USD 563.8 Billion in 2023 to USD 970.2 Billion by 2033, at a CAGR of 5.58% during the forecast period 2023-2033.

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The trace minerals are the vital minerals present in living tissue in small amounts are added in animals feed to improve the health and productivity of livestock. These minerals are required for proper immune system function and disease resistance including zinc, manganese, iron, copper, and selenium. The preservation of a sound mineral balance is essential to animal productivity. Currently, there is only a relatively small amount of trace minerals in our diet in comparison to macro minerals. Trace minerals, sometimes called microminerals, are extremely vital elements that the human body should absorb from food. Furthermore, the global trace market is primarily driven by several factors such as Increased demand for meat, protein-rich diets, feed additive production, natural growth promoters, and others. However, the amount of specific minerals that can be used in feed has been limited by regulatory agencies such as the United States Department of Agriculture (USDA) and the European Commission. The top limits for certain minerals have remained constant over time, while the limits for others have decreased.

Browse key industry insights spread across 220 pages with 110 Market data tables and figures and charts from the report on the Global Trace Minerals in Feed Market Size, Share, and COVID-19 Impact Analysis, By Type (Iron, Zinc, Manganese, Copper, Cobalt, and Chromium), By Livestock (Swine, Ruminants, Poultry, and Aquaculture), By Chelate Type (Amino Acids, Proteinates, and Polysaccharides), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The iron segment is anticipated to hold the biggest share of the global trace minerals in the feed market during the forecast period.  

Based on the type, the global trace minerals in the feed market are categorized into iron, zinc, manganese, copper, cobalt, and chromium. Among these, the iron segment is anticipated to hold the largest share of the global trace minerals in the feed market during the forecast period. Iron plays a vital role in body functioning. Iron is composed of proteins such as hemoglobin and myoglobin which transport oxygen through the body. As livestock animals are continuously affected by iron deficiency, resulting in oxidative stress and anemia, iron is an important ingredient to add to feed.

The poultry segment is anticipated to hold the biggest CAGR of the global trace minerals in the feed market during the forecast period.

Based on the livestock, the global trace minerals in the feed market are categorized into swine, ruminants, poultry, and aquaculture. Among these, the poultry segment is anticipated to hold the biggest CAGR of the global trace minerals in the feed market during the forecast period. The poultry segment is rising due to increasing demand for white meat and eggs, which has led to increases in livestock production.

The amino acids segment is anticipated to dominate the global trace minerals in the feed market during the forecast period.

Based on the chelate type, the global trace minerals in the feed market are categorized into amino acids, proteinates, and polysaccharides. Among these, the amino acids segment is anticipated to dominate the global trace minerals in the feed market during the forecast period. Amino acids dissolve easily in the body of an animal, these are good for chelating compounds. This is because amino acids connect to mineral particles to form a stronger structure that enables minerals to withstand the acidic environment of the stomach.

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North America is anticipated to hold the highest share of the global trace minerals in the feed market over the predicted timeframe.

North America is anticipated to hold the highest share of the global trace minerals in the feed market over the predicted timeframe. The growing global consumer demand for meat and animal products, as well as the growing desire for diets high in protein, have led to an increase in the demand for compound feed in North America.

Asia Pacific is anticipated to grow at the fastest pace in the global trace minerals in the feed market during the forecast period. This is due to the presence of a large number of manufacturers in the region. China is the world’s top producer of livestock feed in the drives the region.

Major vendors in the global trace minerals in feed market are Cargill, Incorporated, Archer-Daniels-Midland Company (ADM), BASF SE, Bluestar Adisseo Co., Ltd, Koninklijke DSM N.V., Alltech Inc., Zinpro Corporation, Novus International Inc., Kemin Industries, Inc., Lallemand Inc., Virbac SA, QualiTech Inc., Dr. Paul Lohmann Gmbh & Co. KGAA, Orffa International Holding BV, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development 

• In July 2022, the injectable TENOTRYLTM (enrofloxacin) solution for pigs and cattle is now available in the US, according to Virbac. Vials containing 100, 250, and 500 mL of this injectable solution are available.

• In September 2020, the feed additive manufacturer Framelco Group (Netherlands) was acquired by Bluestar Adisseo manufacturer. By using this strategy, the company hopes to help the specialist product sector expand and take the lead in the market for animal nutrition’s specialty feed components. 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global trace minerals in feed market based on the below-mentioned segments:  

Global Trace Minerals in Feed Market, By Type

• Iron
• Zinc
• Manganese
• Copper
• Cobalt
• Chromium

Global Trace Minerals in Feed Market, By Livestock

• Swine
• Ruminants
• Poultry
• Aquaculture

Global Trace Minerals in Feed Market, By Chelate Type

• Amino Acids
• Proteinates
• Polysaccharides

Global Trace Minerals in Feed Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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