"Market Intelligence that Adds Flavour to Your Success"

Feed MicronutrientsMarket Size, Share & Industry Analysis, By Product (Trace Minerals, Vitamins), By Livestock (Poultry, Ruminant, Swine, Aquaculture, Others) Others and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102265 | Status : Ongoing



The global feed micronutrients market is projected to grow at a significant pace during the forthcoming years, owing to growing concern towards animal health due to the onset of diseases such as bovine infection and nutritional deficiency among animals. Various regulations have been formed to regulate the ingredients that are used in the manufacturing of animal feed. For instance, a few years back the European Union took a crucial step by revising and decreasing the amount of maximum permitted levels (MPLs) of zinc and copper from the animal feed. The EU took the decision in order to reduce the environmental impacts caused due to the presence of Zn in the diet of animals (particularly run-off and drainage of Zn to surface water).

Key companies operating in the global feed micronutrients market are focusing on product launches and expansion of their product portfolio to maintain their significance in the world market. Companies are also focusing on innovations through their R&D capabilities to come up with healthier feed micronutrients and additives that can significantly aid the animal health. Archer Daniels Midland Company, Alltech, Kemin Industries Inc., and Koninklijke DSM N.V. are some of the key companies operating in the global feed micronutrients market.

Up Arrow

Key Market Driver -

Increasing consumption of dairy and meat products is projected to escalate the market growth

Down Arrow

Key Market Restraint -

Use of heavy metals in the feed micronutrients may restrain the growth of the market

Growing world population is leading to growth in demand for dairy products, poultry products, and other products obtained from animals, which is an important factor that is expected to drive the growth of global feed micronutrients market during the forecast years. Rising spending on livestock breeding and farming, coupled with the adoption of modern animal husbandry practices across developed as well as developing economies are expected to augment the size of the global feed micronutrient market. Furthermore, growing feed industry in developing nations, such as South Africa, India, and China, coupled with an increase in a number of market players within these regions is projected to offer growth opportunities to the market during the foreseeable years.

Negative environmental impact, such as soil pollution caused by the presence of ingredients like Zinc and Copper in the animal feed may act as a major restraint for the growth of the global feed micronutrients market. Furthermore, shifting dietary preference of individuals along with their rigid religious beliefs (which restricts them to follow the particular diet) are leading them to shift to vegan or vegetarian diet may also potentially hamper the growth of the market during the upcoming years.

Key Players Covered:

Some of the major companies that are present in the global feed micronutrients market are Archer Daniels Midland Company, Kemin Industries Inc., Cargill Inc., Alltech, Zinpro Corporation, Tanke Biosciences Corp., Purina Animal Nutrition LLC, Novus International Inc., Pancosma S.A., Koninklijke DSM N.V., Biochem Zusatzstoffe Handels, and QualiTech Inc.

On the basis of product, the global feed micronutrients market has been segmented into trace minerals and vitamins. Trace minerals is further classified into iron, copper, zinc, manganese, and boron, while vitamins segment is classified into vitamin A, vitamin B, vitamin C, and others. Trace minerals are expected to hold the major market share and dominate the market throughout the forecast years (2019-2026), owing to increasing demand for energy, protein, and crucial minerals in the animal diet to enhance their health.

On the basis of livestock, the global feed micronutrients market has been broadly diversified into poultry, aquaculture, ruminant, swine, and equine. Among these, poultry is projected to globally dominate the market during the foreseeable years, due to high consumer preference to poultry products attributable to their cost efficiency and high nutrition content. The demand for feed micronutrients by ruminant segment is anticipated to grow during the forecast period, due to increasing demand for different variety of meat products and various other products such as wool, milk, and others across the globe.

Regional Analysis:

To gain extensive insights into the market, Request for Customization

Asia Pacific is anticipated to hold the major revenue share in the global feed micronutrient market during the forecast years, owing to changing dietary patterns of people and increased consumption of meat varieties across the region. Growing population in emerging economies such as India and China, coupled with rapid urbanization in the prominent Asian countries such as Indonesia, Japan, and China is further anticipated to fuel the market growth of global feed micronutrients market. Furthermore, increased governmental initiatives by Asian government for improvement of animal health by offering proper nutritional care to them is predicted to aid the animal health and ultimately influence the Asia feed nutrition market positively during the foreseeable years. The feed micronutrients market in North America and Europe is anticipated to grow at a decent pace throughout the forecast years, due to the high consumption of meat and animal products across the regions. Presence of key market players in North America is further projected to aid the market growth of the region in the upcoming years.




By Product

  • Trace Minerals

    • Iron

    • Copper

    • Zinc

    • Manganese

    • Boron

  • Vitamins

    • Vitamin A

    • Vitamin B

    • Vitamin C

    • Others

By Livestock

  • Poultry

  • Ruminant

  • Swine

  • Aquaculture

  • Others

By Geography

  • North America (USA, Canada, and Mexico)

  • Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa and Rest of ME&A)

Key Industry Developments

  • In September 2018, Kemin Industries and Micronutrients USA collaborated to introduce ‘IntelliBond VITAL 5 Cr’. The product claims to be the world’s first nutrition package that contains six crucial trace minerals to support beef and dairy cattle well-being, and ultimately aid their performance.

  • In September 2018, DSM and Novozymes launched Balancius, the first microbial muramidase that can crucially aid digestibility and feed efficiency in broilers. The product claims to improve the feed conversion ratio by 4-6 points (3%) among broiler chickens.

  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Food & Beverages Clients

Fuji film

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.