Mineral Feed Market

Executive Summary

Mineral Feed Market was valued at US $4.32 billion in 2021 and is projected to grow at 6.15% CAGR over the forecast period to reach US $6.18 billion by 2027. Mineral Feed Market represented US $0.49 billion opportunity over 2019-2021 and estimated to create US $1.86 billion opportunity in 2027 over 2021.

Mineral Feed from Consainsights analyses the Mineral Feed Market in the Life Sciences industry over the forecast period to 2027.

Mineral Feed research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Mineral Feed segmentation includes Type, Animal Type and Geography.

Based on the Type, the Mineral Feed analysis covers Macro Minerals, Micro Minerals.

In Type segment, Macro Minerals segment has highest cagr growth of 5.45%.

Based on the Animal Type, the Mineral Feed analysis covers Ruminant, Poultry, Swine, Aquaculture, Other Animal Types.

In Animal Type segment, Ruminant segment has highest cagr growth of 5.45%.

Based on the region, the Mineral Feed analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include DSM NV, Nutreco NV, Cargill Inc., Novus International, Kemin Industries, Alltech Inc. and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Type

Introduction

In 2021, Macro Minerals segment has the highest revenue of US $3.77 billion and is expected to grow at CAGR of 5.45% by 2027 Macro Minerals segment has highest cagr growth of 5.45%.

Macro Minerals

Macro Minerals segment was valued at US $3.35 billion in 2019 and is projected to grow at 5.45% CAGR over the forecast period to reach US $5.40 billion by 2027. Macro Minerals segment represented US $0.42 billion opportunity over 2019-2021 and estimated to create US $1.63 billion opportunity in 2027 over 2021.

Micro Minerals

Micro Minerals segment was valued at US $0.48 billion in 2019 and is projected to grow at 5.45% CAGR over the forecast period to reach US $0.78 billion by 2027. Micro Minerals segment represented US $0.06 billion opportunity over 2019-2021 and estimated to create US $0.24 billion opportunity in 2027 over 2021.

Animal Type

Introduction

In 2021, Ruminant segment has the highest revenue of US $1.63 billion and is expected to grow at CAGR of 5.45% by 2027 Ruminant segment has highest cagr growth of 5.45%.

Ruminant

Ruminant segment was valued at US $1.44 billion in 2019 and is projected to grow at 5.45% CAGR over the forecast period to reach US $2.33 billion by 2027. Ruminant segment represented US $0.18 billion opportunity over 2019-2021 and estimated to create US $0.70 billion opportunity in 2027 over 2021.

Poultry

Poultry segment was valued at US $1.09 billion in 2019 and is projected to grow at 5.45% CAGR over the forecast period to reach US $1.76 billion by 2027. Poultry segment represented US $0.14 billion opportunity over 2019-2021 and estimated to create US $0.53 billion opportunity in 2027 over 2021.

Swine

Swine segment was valued at US $0.65 billion in 2019 and is projected to grow at 5.45% CAGR over the forecast period to reach US $1.04 billion by 2027. Swine segment represented US $0.08 billion opportunity over 2019-2021 and estimated to create US $0.31 billion opportunity in 2027 over 2021.

Aquaculture

Aquaculture segment was valued at US $0.29 billion in 2019 and is projected to grow at 5.45% CAGR over the forecast period to reach US $0.46 billion by 2027. Aquaculture segment represented US $0.04 billion opportunity over 2019-2021 and estimated to create US $0.14 billion opportunity in 2027 over 2021.

Other Animal Types

Other Animal Types segment was valued at US $0.37 billion in 2019 and is projected to grow at 5.45% CAGR over the forecast period to reach US $0.59 billion by 2027. Other Animal Types segment represented US $0.05 billion opportunity over 2019-2021 and estimated to create US $0.18 billion opportunity in 2027 over 2021.