Feed Major Minerals Market Size

Global Feed Major Minerals Market size was valued at USD 4.1 billion in 2023 and is poised to grow from USD 4.26 billion in 2024 to USD 5.79 billion by 2032, growing at a CAGR of 3.9% during the forecast period (2025-2032).

The feed major minerals market is relatively fragmented, with a high level of competition. Few large players, like Cargill, Inc., DSM, and BASF SE, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Nutreco N.V. (Netherlands) (Owned by SHV Holdings)', 'Cargill, Incorporated (USA) ', 'Archer Daniels Midland Company (ADM) (USA) ', 'Koninklijke DSM N.V. (Netherlands) ', 'Alltech (USA) ', 'Novus International, Inc. (USA) ', 'Kemin Industries, Inc. (USA) ', 'BASF SE (Germany) ', 'Yara International ASA (Norway) ', 'Phibro Animal Health Corporation (USA) ', 'Zinpro Corporation (USA) ', 'Bluestar Adisseo Company (China) ', 'Lallemand Inc. (Canada) ', 'Mercer Milling Company, Inc. (USA) ', 'Orffa International Holding B.V. (Netherlands) (Part of Marubeni Corporation) ', 'Dr. Paul Lohmann GmbH & Co. KGaA (Germany) ', 'QualiTech, Inc. (USA) ', 'Tanke International Group (China) ', 'Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH (Germany) ', 'Virbac S.A. (France)'

Growth in countries like India, China, and Japan has increased the need for meat and other animal products. Demand for feed additives, which give nutritional advantages and prevent diseases in animals and so boost earnings for the farmer, is expected to rise the next time as a result of this trend. These are some of the most important drivers of the projected rise in demand for main feed minerals.

Bioavailability of the minerals describes the number of nutrients an animal's metabolism can absorb and use. Consumption includes transport, cellular uptake, and biochemical change. Due to constraints on trace elements in feed to address environmental problems, cattle ranchers can't boost feed conversion efficiency without adding more mineral supplements. Manufacturers are developing organic versions of inorganic trace elements to increase bioavailability and animal productivity. Copper, zinc, selenium, and chromium are organic trace elements. To alter market demand for mineral supplements, farmers must learn about organic mineral chelates.

In 2021, Asia Pacific dominated the feed major mineral market globally and is expected to do so during the analysis period. The increasing population and growing economies such as India, China, and Japan are driving the demand for animal-sourced protein food in the region. This trend is to grow in the coming time which will drive the demand for feed additives as these provide nutritional benefits and prevent diseases in animals which increase profits for the farmer. These are some of the major factors for increasing the demand for major feed minerals demand during the forecast period.