Chat with us, powered by LiveChat

Loading...
Animal Feed Micronutrient Market, by Product

RA00050

Animal Feed Micronutrient Market, by Product (Vitamins [Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K, Carotenoids], Trace Minerals [Zinc, Copper, Manganese, Iron, Boron], Others), Livestock Feed (Ruminant Feed, Poultry Feed, Equine Feed, Swine Feed, Aqua Feed), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00050

Pages: 280

Feb 2020

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on Animal Feed Micronutrient Market

Global Animal Feed Micronutrient Market Overview 2026:

According to the animal feed micronutrient market analysis by Research Dive, the animal feed micronutrient market forecast will surpass $ 2,322.3 Million by 2026, increasing from $ 1,372.0 Million in 2018, at a CAGR of 6.8%. European market is projected to experience substantial growth and anticipated to account for $ 520.2 Million by 2026. Asia-Pacific region will have enormous opportunities for the market investors to grow over the coming years.

Micronutrients are essential for the body for its development and growth. Micronutrients can play a key role in the body for metabolic activities and enhancing immunity power of the body. These micronutrients are vital animal food substances for improving the growth, health and milk yield of the animal, which are unable to gain from traditional foods. Micronutrients include trace minerals and vitamins. 

Animal Feed Micronutrient Market Drivers:

Rising micronutrients demand for the animals is one of the key animal feed micronutrient market trends

Animal feed micronutrient market insights: The animal feed micronutrient market is expected to grow, owing to the rise in the demand from meat consumers worldwide. This demand is directly impacting the growth of the animal feed micronutrient market, as micronutrients provide high milk yield, healthy meat and high growth in the animals. In addition, the rise in the demand for animal protein from livestock producing milk and meat is another major factor driving the global market for micronutrient animal feed. The deficiencies of the micronutrients create problems in animals such as improper feed efficiency and poor growth rate, such problems can be overcome by feeding micronutrients, this is expected to drive the market growth. According to Food and Agricultural Organization (FAO), the world meat production rate is increased by 1.5%, which is about 327 Mt in 2018 and this growth is majorly attributed to the production improvements. Swift growth in the animal feed industry in the both developed and developing economies will drive the animal feed micronutrient market growth. 

Market Restraints:

Lack of raw material availability and high R&D expenses are restraining the growth of animal feed micronutrient market

However, in spite of various advantages, stringent regulations on the trace mineral use such as Cu and Zn is projected to restrain the growth of the market. Furthermore, the production of the micronutrients requires huge R&D expenses and raw materials availability are expected to limit the market growth.  

Market Trends and Future Opportunities:

Increase in the meat consumers will provide significant investment opportunities for the growth of Animal Feed Micronutrient Market

Recent developments in animal feed micronutrient and increase in the usage of micronutrients for the animal feed, to improve metabolism of the animal and resistance towards diseases is creating opportunity for new entrants in the animal feed micronutrient industry. However, the increase in the meat export, due to growth of meat consumers worldwide is creating growth opportunity for micronutrients to meet the meat requirement. These factors are further expected to drive the market growth in the coming years. 

Animal Feed Micronutrient Market, by Product

Vitamins type is predicted to be most lucrative till the end of 2026

Animal Feed Micronutrient Market, by Product

Source: Research Dive Analysis 

The vitamins type is expected to grow at a noteworthy rate, and is projected to account for $ 761.7 Million by 2026, and is increasing from $ 439.0 Million in 2018. The vitamin is an organic nutrient, which is required for body health. According to The Indian Council of Agricultural Research (ICAR), the vitamin D deficiency is common problem in the animals, this increases the necessity of vitamins for improving immunity power and resistance to diseases this is further projected to drive the market growth in the coming years. Trace minerals type held the dominant market size and is accounted for $ 795.0 Million in 2018. This growth is attributed to rise in the deficiencies of trace minerals like zinc, copper, manganese, iron and others and these minerals play major role in the fertility and growth of the animals and these factors are expected to rise the market size in the coming years.


Animal Feed Micronutrient Market, by Livestock Feed

Poultry feed segment is predicted to be most lucrative till the end of 2026

Animal Feed Micronutrient Market, by Livestock Feed

Source: Research Dive Analysis

By livestock feed, the market is classified into Ruminant Feed, Poultry Feed, Equine Feed, Swine Feed, Aqua Feed. Swine feed is witness a significant growth and is anticipated to account for $ 382.0 Million by 2026, and is increasing from $ 219.5 Million in 2018. Along with swine feed, the aqua feed will experience notable growth during forecast period. The growth is attributed to rise in the intake of aquatic products and their derivatives, as the fish product for omega-3 fatty acids, which is important for brain and body. Additionally, the aquatic farmers are increasing their efforts to increase aquatic animal immunity power by replacing conventional food with micronutrients and is expected to increase the market size in the coming years. The poultry feed held the major market share of 42.0% and accounted for $ 576.2 Million in 2018. This is due to the rise in the consumption of poultry meat and products contain huge amount of nutrients. Along with poultry feed, ruminant feed is also accounted for the second highest animal feed micronutrient market size, is accounted for $ 247.0 Million in 2018. According to FAO, the beef meat consumption rate in the world wide is remained stable, which will direclyt impact the growth of the micronutrients in the ruminant feed sector over forecast period.  

Animal feed micronutrient Market, by Region:

European Animal Feed Micronutrient Market Overview 2026:

The animal feed micronutrient market for Europe is projected to experience substantial growth and generated $ 301.8 Million in 2018. The Europe animal feed market is anticipated to account for $ 520.2 Million by 2026. The growth is attributed to existence of the micronutrients manufacturers in the Europe region. Additionally, the upsurge in the animal feed production rate in the Europe countries such as Germany, France and Spain to reach meat requirements in this region. 

Asia-Pacific Market for Animal Feed Micronutrient 2026:

Asia-Pacific has dominated the global animal feed micronutrient market and accounted for the majority market share of 33.0% in 2018. The market growth in Asia-Pacific is anticipated to continue its dominance during forecast period and is projected to account for $ 759.4 Million by 2026. Asia-Pacific market dominated the market due to the presence of largest meat producer in the world. For instance, according to FAO, china is the most meat producer and consumer followed by India, Japan and Indonesia in the Asia-Pacific region. 

Key Participants in Global Animal Feed Micronutrient Market:

Product development and joint ventures are the most common strategies followed by the market players

Key participants in Global Animal Feed Micronutrient Market

Source: Research Dive Analysis

Top gaining key players of animal feed micronutrient market include Nutreco N.V., Archer Daniels Midland Company, Balchem Corp, Kemin Industries Inc., Qualitech Inc., Zinpro Corporation, Lallemand Inc., Novus International Inc., Cargill Inc., and Alltech Inc. Geographical expansions, joint ventures, product developments, mergers & acquisitions and R&D investments are some of key tactics adopted by the top key players in the global animal feed micronutrient industry. For instance, in December 2019, at Foreign Invested Enterprise (FIE) trade, the Archer Daniels Midland Company is presented new dairy conceptions that allow new entrants to position themselves on the dairy products market with new product designed to reach high expectations.

Report Scope:

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Product

 

  • Vitamins
          •  
    • Vitamin A
    • Vitamin B
    • Vitamin C
    • Vitamin D
    • Vitamin E
    • Vitamin K
    • Carotenoids
  • Minerals
            •  
    • Zinc
    • Copper
    • Manganese
    • Iron
    • Boron
  • Others

  Segmentation by Livestock Feed

 

  • Ruminant Feed
  • Poultry Feed
  • Equine Feed
  • Swine Feed
  • Aqua Feed

  Key Countries covered

U.S., Canada, Germany, UK, Italy, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, Argentina, GCC, and Saudi Arabia

  Key Companies Profiled

  • Nutreco N.V.
  • Archer Daniels Midland Company
  • Balchem Corp
  • Kemin Industries Inc.
  • Qualitech Inc.
  • Zinpro Corporation
  • Lallemand Inc.
  • Novus International Inc.
  • Cargill Inc.
  • Alltech Inc.

Source: Research Dive Analysis

 


FREQUENTLY ASKED QUESTIONS?
 

A. The global Animal Feed Micronutrient Market size was over $ 1,372.0 Million in 2018, and is further anticipated to reach $ 2,322.3 Million by 2026.

A. Nutreco N.V., Kemin Industries Inc., Zinpro Corporation and Novus International Inc., some of the key players in the global Animal Feed Micronutrient Market.

A. Asia-Pacific possesses great investment opportunities for investors to witness the most promising growth in the coming years.

A. Asia-Pacific Animal Feed Micronutrient Market is projected to grow at 6.7% CAGR during the forecast period.

A. Product development and joint ventures are the key strategies opted by the operating companies in this market.

A. Archer Daniels Midland Company, Zinpro Corporation and Novus International Inc. are investing more on R&D activities for developing new products and technologies.

1. Research Methodology

1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters

1.4.1. Assumptions
1.4.2. Forecast parameters

1.5. Data sources

1.5.1. Primary
1.5.2. Secondary

2. Executive Summary

2.1. 360° summary
2.2. Product trends
2.3. Livestock Feed trends

3. Market Overview

3.1. Market segmentation & definitions
3.2. Key takeaways

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market

3.4. Market dynamics

3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities

3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Pricing overview

3.8.1. By product
3.8.2. By livestock Feed
3.8.3. By region

3.9. Market value chain analysis

3.9.1. Stress point analysis
3.9.2. Raw material analysis
3.9.3. Manufacturing process
3.9.4. Distribution channel analysis
3.9.5. Operating vendors

3.9.5.1. Raw material suppliers
3.9.5.2. Product manufacturers
3.9.5.3. Product distributors

3.10. Strategic overview

4. Animal Feed Micronutrients Market, by Product 

4.1. Vitamins

4.1.1. Market size and forecast, by region, 2018-2026
4.1.2. Comparative market share analysis, 2018 & 2026

4.1.2.1. Vitamin A

4.1.2.1.1. Market size and forecast, by region, 2018-2026
4.1.2.1.2. Comparative market share analysis, 2018 & 2026

4.1.2.2. Vitamin B

4.1.2.2.1. Market size and forecast, by region, 2018-2026
4.1.2.2.2. Comparative market share analysis, 2018 & 2026

4.1.2.3. Vitamin C

4.1.2.3.1. Market size and forecast, by region, 2018-2026
4.1.2.3.2. Comparative market share analysis, 2018 & 2026

4.1.2.4. Vitamin D

4.1.2.4.1. Market size and forecast, by region, 2018-2026
4.1.2.4.2. Comparative market share analysis, 2018 & 2026

4.1.2.5. Vitamin E

4.1.2.5.1. Market size and forecast, by region, 2018-2026
4.1.2.5.2. Comparative market share analysis, 2018 & 2026

4.1.2.6. Vitamin K

4.1.2.6.1. Market size and forecast, by region, 2018-2026
4.1.2.6.2. Comparative market share analysis, 2018 & 2026

4.1.2.7. Carotenoids

4.1.2.7.1. Market size and forecast, by region, 2018-2026
4.1.2.7.2. Comparative market share analysis, 2018 & 2026

4.2. Minerals

4.2.1. Market size and forecast, by region, 2018-2026
4.2.2. Comparative market share analysis, 2018 & 2026

4.2.2.1. Zinc

4.2.2.1.1. Market size and forecast, by region, 2018-2026
4.2.2.1.2. Comparative market share analysis, 2018 & 2026

4.2.2.2. Copper

4.2.2.2.1. Market size and forecast, by region, 2018-2026
4.2.2.2.2. Comparative market share analysis, 2018 & 2026

4.2.2.3. Manganese 

4.2.2.3.1. Market size and forecast, by region, 2018-2026
4.2.2.3.2. Comparative market share analysis, 2018 & 2026

4.2.2.4. Iron 

4.2.2.4.1. Market size and forecast, by region, 2018-2026
4.2.2.4.2. Comparative market share analysis, 2018 & 2026

4.2.2.5. Boron 

4.2.2.5.1. Market size and forecast, by region, 2018-2026
4.2.2.5.2. Comparative market share analysis, 2018 & 2026

4.3. Others

4.3.1. Market size and forecast, by region, 2018-2026
4.3.2. Comparative market share analysis, 2018 & 2026

5. Animal Feed Micronutrients Market, by Livestock Feed  

5.1. Ruminant Feed

5.1.1. Market size and forecast, by region, 2018-2026
5.1.2. Comparative market share analysis, 2018 & 2026

5.2. Poultry Feed

5.2.1. Market size and forecast, by region, 2018-2026
5.2.2. Comparative market share analysis, 2018 & 2026

5.3. Equine Feed 

5.3.1. Market size and forecast, by region, 2018-2026
5.3.2. Comparative market share analysis, 2018 & 2026

5.4. Swine Feed  

5.4.1. Market size and forecast, by region, 2018-2026
5.4.2. Comparative market share analysis, 2018 & 2026

5.5. Aqua Feed  

5.5.1. Market size and forecast, by region, 2018-2026
5.5.2. Comparative market share analysis, 2018 & 2026

6. Animal Feed Micronutrients Market, by Region

6.1. North America

6.1.1. Market size and forecast, by product, 2018-2026
6.1.2. Market size and forecast, by livestock feed, 2018-2026
6.1.3. Market size and forecast, by country, 2018-2026
6.1.4. Comparative market share analysis, 2018 & 2026
6.1.5. U.S.

6.1.6. Market size and forecast, by product, 2018-2026

6.1.6.1. Market size and forecast, by livestock feed, 2018-2026
6.1.6.2. Comparative market share analysis, 2018 & 2026

6.1.7. Canada
6.1.8. Market size and forecast, by product, 2018-2026

6.1.8.1. Market size and forecast, by livestock feed, 2018-2026
6.1.8.2. Comparative market share analysis, 2018 & 2026

6.2. Europe

6.2.1. Market size and forecast, by product, 2018-2026
6.2.2. Market size and forecast, by livestock feed, 2018-2026
6.2.3. Market size and forecast, by country, 2018-2026
6.2.4. Comparative market share analysis, 2018 & 2026
6.2.5. Germany 
6.2.6. Market size and forecast, by product, 2018-2026

6.2.6.1. Market size and forecast, by livestock feed, 2018-2026
6.2.6.2. Comparative market share analysis, 2018 & 2026

6.2.7. UK
6.2.8. Market size and forecast, by product, 2018-2026

6.2.8.1. Market size and forecast, by livestock feed, 2018-2026
6.2.8.2. Comparative market share analysis, 2018 & 2026

6.2.9. France
6.2.10. Market size and forecast, by product, 2018-2026

6.2.10.1. Market size and forecast, by livestock feed, 2018-2026
6.2.10.2. Comparative market share analysis, 2018 & 2026

6.2.11. Spain
6.2.12. Market size and forecast, by product, 2018-2026

6.2.12.1. Market size and forecast, by livestock feed, 2018-2026
6.2.12.2. Comparative market share analysis, 2018 & 2026

6.2.13. Italy 
6.2.14. Market size and forecast, by product, 2018-2026

6.2.14.1. Market size and forecast, by livestock feed, 2018-2026
6.2.14.2. Comparative market share analysis, 2018 & 2026

6.2.15. Rest of Europe
6.2.16. Market size and forecast, by product, 2018-2026

6.2.16.1. Market size and forecast, by livestock feed, 2018-2026
6.2.16.2. Comparative market share analysis, 2018 & 2026

6.3. Asia Pacific

6.3.1. Market size and forecast, by product, 2018-2026
6.3.2. Market size and forecast, by livestock feed, 2018-2026
6.3.3. Market size and forecast, by country, 2018-2026
6.3.4. Comparative market share analysis, 2018 & 2026
6.3.5. China
6.3.6. Market size and forecast, by product, 2018-2026

6.3.6.1. Market size and forecast, by livestock feed, 2018-2026
6.3.6.2. Comparative market share analysis, 2018 & 2026

6.3.7. India 
6.3.8. Market size and forecast, by product, 2018-2026

6.3.8.1. Market size and forecast, by livestock feed, 2018-2026
6.3.8.2. Comparative market share analysis, 2018 & 2026

6.3.9. Australia 
6.3.10. Market size and forecast, by product, 2018-2026

6.3.10.1. Market size and forecast, by livestock feed, 2018-2026
6.3.10.2. Comparative market share analysis, 2018 & 2026

6.3.11. Rest of Asia Pacific
6.3.12. Market size and forecast, by product, 2018-2026

6.3.12.1. Market size and forecast, by livestock feed, 2018-2026
6.3.12.2. Comparative market share analysis, 2018 & 2026

6.4. LAMEA

6.4.1. Market size and forecast, by product, 2018-2026
6.4.2. Market size and forecast, by livestock feed, 2018-2026
6.4.3. Market size and forecast, by country, 2018-2026
6.4.4. Comparative market share analysis, 2018 & 2026
6.4.5. Latin America  
6.4.6. Market size and forecast, by product, 2018-2026

6.4.6.1. Market size and forecast, by livestock feed, 2018-2026
6.4.6.2. Comparative market share analysis, 2018 & 2026

6.4.7. Middle East 
6.4.8. Market size and forecast, by product, 2018-2026

6.4.8.1. Market size and forecast, by livestock feed, 2018-2026
6.4.8.2. Comparative market share analysis, 2018 & 2026

6.4.9. Africa
6.4.10. Market size and forecast, by product, 2018-2026

6.4.10.1. Market size and forecast, by livestock feed, 2018-2026
6.4.10.2. Comparative market share analysis, 2018 & 2026

7. Company Profiles

7.1. Nutreco N.V. 

7.1.1. Business overview
7.1.2. Financial performance
7.1.3. Product portfolio
7.1.4. Recent strategic moves & developments
7.1.5. SWOT analysis

7.2. Archer Daniels Midland Company 

7.2.1. Business overview
7.2.2. Financial performance
7.2.3. Product portfolio
7.2.4. Recent strategic moves & developments
7.2.5. SWOT analysis

7.3. Balchem Corp 

7.3.1. Business overview
7.3.2. Financial performance
7.3.3. Product portfolio
7.3.4. Recent strategic moves & developments
7.3.5. SWOT analysis

7.4. Kemin Industries Inc.

7.4.1. Business overview
7.4.2. Financial performance
7.4.3. Product portfolio
7.4.4. Recent strategic moves & developments
7.4.5. SWOT analysis

7.5. Qualitech Inc. 

7.5.1. Business overview
7.5.2. Financial performance
7.5.3. Product portfolio
7.5.4. Recent strategic moves & developments
7.5.5. SWOT analysis

7.6. Zinpro Corporation 

7.6.1. Business overview
7.6.2. Financial performance
7.6.3. Product portfolio
7.6.4. Recent strategic moves & developments
7.6.5. SWOT analysis

7.7. Lallemand Inc.

7.7.1. Business overview
7.7.2. Financial performance
7.7.3. Product portfolio
7.7.4. Recent strategic moves & developments
7.7.5. SWOT analysis

7.8. Novus International Inc.

7.8.1. Business overview
7.8.2. Financial performance
7.8.3. Product portfolio
7.8.4. Recent strategic moves & developments
7.8.5. SWOT analysis

7.9. Cargill Inc.

7.9.1. Business overview
7.9.2. Financial performance
7.9.3. Product portfolio
7.9.4. Recent strategic moves & developments
7.9.5. SWOT analysis

7.10. Alltech Inc.

7.10.1. Business overview
7.10.2. Financial performance
7.10.3. Product portfolio
7.10.4. Recent strategic moves & developments
7.10.5. SWOT analysis

Animal feed micronutrients are the nutrients that are needed in trace amounts by the body for optimal growth of an organism. Though micronutrients are required in trace amounts, they are the body’s utmost necessity for proper functioning. Micronutrients can play a key role in the body for metabolic activities and enhancing immunity power of the body. These micronutrients are vital animal food substances for improving the growth, health and milk yield of the animal, which are unable to gain from traditional foods.

High Demand for Animal Feed Micronutrient

In agricultural sector, the rising demand for animal feed micronutrient is driven by the agricultural communities’ growing awareness towards advanced practices of animal husbandry and reduced timeframes for production of livestock. As the population is growing rapidly, the demand for dairy and poultry products is also rising. People are becoming aware towards the ethical production of animal products, which has eventually up surged the demand for animal feed nutrients of high quality. When compared with old-style feeding methods, animal feed micronutrients provide faster results. Hence, more livestock businesses and farmers are making animal feed micronutrients a vital part of the animal feed regime.

Recent Developments in Animal Feed Micronutrient Market

The minerals incorporated in animal feed micronutrient market includes zinc, copper, magnesium, iron, and others utilized for livestock. As per a blog published by Research Dive, animals need micronutrients in the proper amounts to improve development, lactation, and reproduction. Insufficiencies or irregularity may bring about poor health and suboptimal performance of the animals. Micronutrients are the source of vitamins, vitality, minerals, and proteins. They perform multifaceted functions in animal growth & production, and also contribute in operations of catalyst system.

According to the ACSPA, the U.S adopts approximately 3.2 million shelter animals every year. Further, around 85 million cats and 78 million dogs are owned in the U.S, stated the American Pet Products Association. This has increased the expenditure on animal care along with the success of animal feed micronutrients in growth and fertility in the animals.

Since 2017, the GDPs are increasing and thus the consumption of meat products and meat in the developing countries is on the rise. Micronutrients are widely used in the livestock industry to obtain high-quality end products and for optimal growth of the animals.

In January 2016, Nutreco broadcasted the acquisition of Micronutrients thereby allowing and strengthening their product portfolio of animal nutrition.

In December 2019, Archer Daniels Midland Company presented new dairy conceptions at Foreign Invested Enterprise (FIE) trade. These conceptions allow new entrants to position themselves with new product designs on the dairy products.

Potential Future of Animal Feed Micronutrient Market

Global market for animal feed micronutrient is anticipated to witness a progressive growth during the forecast period from 2019 to 2026. The global market is driven by the increasing volume of compound feed that is produced globally. Since maximum amount of animal feed is produced in Europe and North America regions, it accounts for a healthier quality feed with the required quantity of animal feed micronutrients.

High expenses on research and development and lack of raw materials availability are predicted to hinder the market growth. However, recent developments in animal feed micronutrient and increase in the usage of micronutrients for the animal feed, to improve metabolism of the animal and resistance towards diseases is creating investment opportunities in the global animal feed micronutrient industry.

Rising demand for micronutrients, meat export, and rapid urbanization will escalate the growth of global market in the near future. As per the Research Dive statistics of research report, the global animal feed micronutrient market is anticipated to rise at a CAGR of 6.8% during the forecast period. The top gaining players of the global market are adopting various strategies such as mergers & acquisitions, joint ventures, and R&D activities to upsurge the growth of the global market.

Purchase Options

Enquire To Buy

Personalize this research

  • Triangulate with your own data
  • Get Data as per your format and defination
  • Get a deeper dive on a specific application, geography, customer or competitor
10% Off on Customization
Contact Us

Customers Also Viewed