Mineral feeds are added to animal feeds because they contain the necessary elements for the maintenance of the standard of living and health of animals. These elements are usually deficient in the animal system and can’t be obtained in adequate proportion from feeding on a regular diet. Over the years, the global mineral feeds market has grown rapidly and is slated to move at a significant pace in ten years. The rise in per capita income, coupled with bulk meat production within the Asia Pacific will stimulate the industry’s growth within the stipulated time. Furthermore, the effective performance of mineral feeds is slated to drive the market forward over the forecast period.
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Mineral Feeds Market Growth Driven by Increasing Demand for Quality Animal Products
With the rise in demand for quality animal products, the global mineral feeds market is predicted to witness significant growth over the foreseeable period. Mineral feeds help in the development of quality output from livestock. It also enhances the growth of animals so they can be available for consumption. Livestock and its products are a good source of protein. They contain the essential amino acids needed for the development of man’s body. Output products from livestock such as eggs, meat, and more are highly consumed in developing countries.
Moreover, the rise in awareness regarding the health benefits of consuming natural products has fostered the rise in demand for animal products, directly affecting the demand for mineral feeds by increasing it. And this will result in accelerating the market globally. Consumers’ changing lifestyle is another factor to watch out for over the forecast period as it is anticipated to drive the market tremendously over the forecast period.
Mineral Feeds Market: Region-wise Analysis
North America is anticipated to be the leading region in the global mineral feeds market with the United States acting as driver. In 2016, the United States recorded the region’s highest revenue after accounting for about 19.6% of the total revenue generated globally.
The Asia Pacific is projected to be the fastest-growing region for the global mineral feeds market during the forecast period. Emerging economies like China, India, and Japan are slated to drive the market forward over the forecast period due to the rise in demand for quality food products and the growing per capita consumption of meat and eggs. Moderate growth will be recorded within the Middle East and Africa during the forecast period.
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Mineral Feeds Market: Competitive Analysis
- Purina Animal Nutrition LLC
- Nutreco N.V.
- VH Group
- Kemin Industries, Inc.
- Novus International
- Cargill group
- Kent Feeds
- Josera Gmbh & Co. Kg, Brilliant Bio Pharma Private Limited (BBPL)
- Kalmbach Feeds, Inc.
- Ranch-Way Feeds
- Mercer Milling Company
- Pancosma S.A.
- Kay Dee Feed Company
- Mole Valley Farmers
Region-wise Analysis
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
Report Highlights
The research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. Research report provides analysis and information by categories such as market segments, geographies, types, technology and applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Mineral Feeds Market Segment Analysis
The global mineral feeds market can be segmented on the following basis:
By Type
- Calcium
- Phosphorus
- Magnesium
- Potassium
- Others
By Animal Type
- Poultry
- Ruminant
- Swine
- Aquaculture
- Others
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