Animal Feed Organic Trace Minerals Market Analysis By Product (Zinc, Iron, Copper, Selenium), By Application (Dairy Cattle, Poultry, Horses, Pigs), By Region, And Segment Forecasts, 2018 - 2025

Industry Insights

The global animal feed organic trace minerals market size was estimated at USD 468.5 million in 2016. Organic trace minerals, also known as chelates, are essential minerals used in minute quantities in animal feed. The growing animal feed industry is expected to be the major driving factor for the market over the forecast period. 

Increasing meat consumption is another important driver of this industry. Meat is one of the major sources of proteins. A shift in the food consumption pattern, which includes favoring proteins derived from animal sources is playing a key role in the growth of meat consumption globally. This, in turn, is anticipated to have a positive impact on the organic trace minerals industry.

U.S. animal feed organic trace minerals market, by product, 2014 - 2025 (USD Million)

In 2016, the U.S. was the second-largest market in the world after China. Zinc dominated the organic trace minerals product segment in the country. Zinc consumption improves the immunity and reproductive capacity of animals, thus, driving demand in the U.S. market.

In 2016, the U.S. was one of the largest consumers of poultry and pork. The country played a key role in the growth of the feed industry, consequently driving the demand for organic trace minerals. The market in the U.S. is characterized by the presence of a large number of manufacturers of feed and organic trace minerals.

Product Insights

Some of the essential minerals included in animal feed are zinc, copper, iron, selenium, manganese, and cobalt. Despite being used in limited quantities, one of the basic functions of organic trace minerals is to improve the quality of feed. This function has increased the importance of these minerals, thereby propelling the market growth. 

Zinc helps in improving the metabolism and immunity of animals. In 2016, it accounted for the largest share of 34.1% in the U.S. market of animal feed organic trace minerals, which resulted in an increase in its demand in this industry. However, if used in excess, this mineral can prove to be dangerous, prompting regulations to ensure its optimum consumption in feed.

The market for iron is expected to grow at the second-highest CAGR of 7.8% from 2017 to 2025. Growing awareness about the benefits of this trace mineral in feed, such as storage of oxygen in muscles & tissues of animals and the transportation of oxygen in the blood, is projected to drive market growth.

Application Insights

Organic trace minerals find application in feeds of dairy cattle, poultry, horses, pigs, and others. In terms of revenue, in 2016, In terms of revenue, the application segment was dominated by poultry in 2016, which accounted for 42.8% of the market share. The growing consumption of broilers, turkeys, and eggs is expected to have a positive impact on poultry demand over the next eight years.

Global animal feed organic trace minerals market, by application, 2016 (%) 

Poultry was the most consumed meat in the world in 2016. Developments in the processing & retailing industries, rise in per capita consumption of poultry, and improving infrastructure have driven the market for poultry farming and, therefore, resulted in an increase in the demand for organic trace minerals in this segment.

Pork held the second-largest share of 28.3% in 2016. The growing demand for animal protein is expected to be the major driver of this market since pork is considered be a rich source of protein. The outbreak of diseases in this sector is a common phenomenon. This has made manufacturers and pork processors equally aware of the importance of high-quality feed, which is further expected to boost the demand for organic trace minerals.

Regional Insights

Asia Pacific dominated the organic trace minerals market in 2016. This region was the largest manufacturer and consumer of feed with China and India accounting for a majority of the share. Favorable demographics, subsidized tax regime in animal husbandry, and improving feed quality were the major driving factors of this market in Asia Pacific. 

Europe accounted for 27.7% of the market share in 2016. This region was driven by the growing demand from major animal feed consuming countries including Spain, Germany, the Netherlands, and France. State-of-the-art infrastructure and favorable climatic conditions have helped the region grow in the poultry and pork sectors, consequently boosting the demand for organic trace minerals.

The market in North America is projected to grow at a CAGR of 6.3% from 2017 to 2025 due to the growing consumption of poultry and turkey. This region is characterized by a steadily growing dairy cattle industry, which has resulted in the growing demand for feed and, hence, organic trace minerals.

Competitive Insights

Cargill, Inc. recorded a turnover of over USD 120 billion in 2015. The company was the largest player in the animal feed organic trace minerals market in 2016. As of 2015, the company had operations in 67 countries across all regions. In order to increase its share in the rapidly growing Asia Pacific region, it inaugurated a new animal nutrition manufacturing plant worth USD 8.5 million in Vietnam. 

Other major players include Alltech, Inc., Archer Daniels Midland Co., Royal DSM NV, and Nutreco N.V. Expansions & investments, which accounted for over 40% of the development strategies adopted by these players from 2011 to 2016, assisted the companies in expanding their product portfolio and geographic reach.

Report Scope

Segments covered in the report

This report forecasts revenue growth at global, regional, & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global animal feed organic trace minerals market on the basis of product, application, & region:

• Product Outlook (Revenue, USD Thousand; 2014 - 2025)

  • Zinc

  • Iron

  • Copper

  • Selenium

  • Others  

• Application Outlook (Revenue, USD Thousand; 2014 - 2025)

  • Dairy Cattle

  • Poultry

  • Horses

  • Pigs

  • Others

• Regional Outlook (Revenue, USD Thousand; 2014 - 2025)

  • North America

    • U.S.

  • Europe

    • Germany 

    • Spain

  • Asia Pacific

    • China

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa