Animal Feed Micronutrients Market to Hit USD 20.5B by 2032, Growing at 3.4% CAGR Amid Rising Emphasis on Animal Welfare

Animal Feed Micronutrients Market CAGR (growth rate) is expected to be around 3.4% during the forecast period (2025 - 2034).

NEW YORK, NY, UNITED STATES, January 22, 2025 /EINPresswire.com/ -- Animal Feed Micronutrients Market is poised for robust growth in the coming years, with significant advancements in nutrition science and increasing awareness of animal health among farmers and livestock producers driving demand. The latest research report provides an in-depth analysis of this dynamic market, focusing on segmentation by type, species, form, source, and regional distribution. The forecast period extends to 2034, offering a comprehensive view of the trends, challenges, and opportunities shaping the industry.

Animal Feed Micronutrients Market Size was estimated at 14.45 (USD Billion) in 2024. The Animal Feed Micronutrients Market Industry is expected to grow from 14.95 (USD Billion) in 2025 to 20.25 billion USD by 2034. The Animal Feed Micronutrients Market CAGR (growth rate) is expected to be around 3.4% during the forecast period (2025 - 2034).

Micronutrients are essential elements that are required in trace amounts but play a crucial role in animal growth, immunity, and overall productivity. The global animal feed micronutrients market is experiencing a surge in demand, fueled by the rising need for high-quality animal protein, growing livestock populations, and the adoption of intensive farming practices. These factors are coupled with a growing emphasis on reducing antibiotic usage and enhancing animal health through improved nutrition.

Key Players :

Nutreco, Royal Agrifirm Group, Vetagro Sup NewparaZinpro Corporation, Cargill, Trouw Nutrition, Evonik, Chr. Hansen Holding, Novus International, DSM, HyLife, Lallemand, BASF, Neovia, Phibro Animal Health

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Segmentation by Type

The market is segmented into vitamins, minerals, trace elements, and other micronutrients.

Vitamins: Vitamins are vital for metabolic functions, reproduction, and growth in animals. Increasing awareness of vitamin deficiencies in livestock is driving their inclusion in feed formulations.
Minerals: Minerals, including calcium, phosphorus, and magnesium, are essential for skeletal health and metabolic activities. Their demand remains high due to the increasing prevalence of mineral deficiencies in animals.
Trace Elements: Trace elements like zinc, iron, and selenium play a critical role in boosting immunity and enhancing feed efficiency. The demand for trace elements is rising, driven by their proven benefits in disease prevention.
Other Micronutrients: This segment includes amino acids, enzymes, and probiotics, which are gaining traction for their ability to improve digestion and nutrient absorption.
Segmentation by Species

The market caters to a wide range of species, including poultry, swine, cattle, aquaculture, and companion animals.

Poultry: The poultry segment holds a significant market share due to the high demand for chicken meat and eggs. The focus on improving feed conversion ratios and reducing production costs has propelled the use of micronutrients in poultry feed.
Swine: Swine nutrition is another critical area, with micronutrients playing a key role in enhancing growth rates, reproductive performance, and overall health in pigs.
Cattle: Cattle feed is a prominent segment, particularly in dairy farming, where micronutrients like calcium and phosphorus are essential for milk production.
Aquaculture: The aquaculture industry is witnessing rapid growth, with micronutrients essential for the health and growth of fish and shellfish. Trace elements and vitamins are particularly crucial in this segment.
Companion Animals: The rising trend of pet humanization has led to an increase in demand for premium pet food containing balanced micronutrient profiles to support the health and longevity of companion animals.
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Segmentation by Form

Animal feed micronutrients are available in various forms, including powder, granular, liquid, and premix.

Powder: Powdered micronutrients are widely used due to their ease of mixing and cost-effectiveness.
Granular: Granular formulations are gaining popularity for their controlled release properties, which improve nutrient availability.
Liquid: Liquid micronutrients are preferred for their superior bioavailability and ease of administration in water-soluble feed systems.
Premix: Premixes are gaining traction as a convenient solution, combining multiple micronutrients in a single formulation to ensure balanced nutrition.
Segmentation by Source

Micronutrients are derived from organic, inorganic, and synthetic sources.

Organic: Organic micronutrients, derived from natural sources, are gaining popularity due to their eco-friendly nature and higher bioavailability. The growing demand for organic meat and dairy products is boosting this segment.
Inorganic: Inorganic micronutrients, such as mineral salts and oxides, are widely used due to their cost-effectiveness and availability.
Synthetic: Synthetic sources offer precise formulations and consistent quality, making them a preferred choice in high-performance feeds.
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Regional Analysis

The animal feed micronutrients market is analyzed across North America, Europe, South America, Asia-Pacific, and the Middle East and Africa.

North America: North America holds a significant share of the global market, driven by the well-established livestock industry and increasing adoption of advanced feed formulations. The United States and Canada are the primary contributors to the regional market.
Europe: Europe is another key market, characterized by stringent regulations on animal feed quality and increasing demand for organic livestock products. Countries like Germany, France, and the UK are leading the regional market.
Asia-Pacific: Asia-Pacific is witnessing the fastest growth, fueled by the rising population, increasing meat consumption, and expanding livestock industry in countries like China, India, and Japan. The region’s large-scale adoption of intensive farming practices is driving the demand for micronutrients.
South America: South America is emerging as a significant market, with Brazil and Argentina being major players due to their extensive livestock production and growing awareness of feed quality.
Middle East and Africa: The Middle East and Africa region is gradually expanding, with growing investments in the livestock sector and an increasing focus on improving animal health and productivity.
Key Market Drivers

Rising Demand for Animal Protein: The global increase in meat and dairy consumption is driving the need for high-quality animal feed, including micronutrients.
Growing Awareness of Animal Health: Farmers and producers are increasingly recognizing the importance of balanced nutrition in preventing diseases and enhancing productivity.
Technological Advancements in Feed Production: Innovations in feed formulation and delivery methods are improving the efficiency and effectiveness of micronutrients.
Shift Towards Sustainable and Antibiotic-Free Farming: The growing trend of reducing antibiotic use in animal farming is driving the adoption of micronutrient-enriched feeds as an alternative.
Supportive Government Policies: Regulatory bodies worldwide are promoting the use of safe and effective feed additives, boosting the market for micronutrients.
TABLE OF CONTENTS:

1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
5 MARKET FACTOR ANALYSIS
6 Animal Feed Micronutrients MARKET, BY FORM
7 Animal Feed Micronutrients MARKET, BY CATEGORY
8 Animal Feed Micronutrients MARKET, BY APPLICATION
9 Animal Feed Micronutrients , BY REGION
10 COMPETITIVE LANDSCAPE

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