Market Overview:

The world market for Feed Mineral was at US$ 3.6 billion in 2019 and is projected to garner a CAGR of 6.40% to reach US$ 4.9 billion by 2024. The intake of livestock and animal feed is vital for the economy and the nutritional well-being of millions of people worldwide. Feed Minerals play a leading role in the world food market by ensuring safe, abundant and reasonably priced proteins. Natural substances like soil, water and plants contain elements with minerals that are provided to animals to maintain their health. They perform various functions, such as bone growth, control of acid-base balance, muscle contraction and enzymatic stimulation.

Market Drivers and Restraints:

The growth of the world market for feed minerals is mainly due to factors such as the growing demand for animals rich in minerals, the increase in disposable income in emerging countries and the increasing adoption of scientific methods to increase meat production. In addition, another factor that is expected to enhance the feed minerals consumption further is the high demand for high-quality meat from the meat processing industry. However, factors such as strict government regulations on the use of certain minerals and the increase in the cost of raw materials make market development difficult. 

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Report segmented as

By Product Type:

Poultry,
Aquaculture,
Swine,
Ruminant
By Type:

Macro Minerals - Potassium,
Phosphorous,
Magnesium,
Calcium, And Others;
Micro Minerals - Zinc,
Iron,
Copper
Geographical Analysis:

The market has also been geographically distributed in North America, Europe, Asia-Pacific and the rest of the world. North America is the largest region followed by Europe due to the high intake of meat products in these areas. Emerging markets in Asia Pacific, mainly India and China, represent high growth rates due to factors such as increased meat consumption, increased disposable income and the development of a scientific animal husbandry system.

Important Market Players:

The main market players identify themselves as expanding their distribution networks to serve the market in general. Investing in the production process is another tactic adopted by manufacturers to reduce costs. The main companies that dominate the global feed mineral market are Royal DSM, Cargill Inc., Nutreco NV, Archer Daniels Midland and Tanke Biosciences Corp.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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