Mineral Feed Market Size, Share, Industry Trends and Forecast to 2030

Mineral Feed Market Size & CAGR in 2021

The global mineral feed market is estimated to have a growth rate of 4.2% CAGR from 2021 to 2026. As a result, the market is expected to reach a value of USD 14.5 billion by 2026.

COVID-19 Impact on the Mineral Feed Market

The COVID-19 pandemic had a mixed impact on the mineral feed market. While there was a temporary disruption in the supply chain due to lockdowns and restrictions, the demand for mineral feed remained steady as it is an essential component in animal nutrition.

Mineral Feed Dynamics

The mineral feed market is driven by factors such as increasing awareness about animal health, the rise in meat consumption, and advancements in feed technology. On the other hand, challenges such as fluctuating raw material prices and stringent regulations may hinder market growth.

Segments and Related Analysis

The mineral feed market can be segmented based on type, livestock, and region. Types of mineral feed include macro minerals, trace minerals, and others. Livestock categories include poultry, swine, cattle, and others.

By Region Analysis

The mineral feed market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market due to the presence of key players and high demand for animal nutrition products.

Key Market Players and Competitive Landscape

Some of the key players in the mineral feed market include Cargill, ADM, DSM, Nutreco, and Kemin Industries. These companies are focusing on product innovation, partnerships, and acquisitions to strengthen their market position.

Recent Happenings in the Mineral Feed Market

- In September 2021, Cargill introduced a new range of mineral feed supplements for poultry and livestock. - In January 2022, DSM announced a strategic partnership with a leading feed manufacturer to develop customized mineral feed solutions. - In March 2022, Nutreco launched a sustainable mineral feed product line to meet the growing consumer demand for eco-friendly animal nutrition products.