PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1577051
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1577051
The Global Feed Micronutrients Market, valued at USD 1.95 billion in 2023, is projected to grow at a CAGR of over 4.9% from 2024 to 2032. Feed micronutrients, which include essential vitamins, minerals, and trace elements, are crucial for improving animal health, growth, and productivity across livestock sectors such as poultry, cattle, swine, aquaculture, and equine. These micronutrients enhance feed efficiency, boost disease resistance, and improve overall animal performance. Products such as premixes and supplements are increasingly in demand, driven by advancements in animal nutrition, regulatory support, and growing global consumption of premium animal products. The USDA forecasts global animal feed demand to grow by 3.5% annually, driven by increased livestock production and rising consumer preference for high-quality animal products.
Emerging markets in Brazil, Mexico, India, and China are seeing rapid growth in their animal feed sectors, presenting opportunities for industry players. Nutrient deficiencies in livestock forage often lead farmers and breeders to supplement with feed additives and micronutrients, which improve livestock health and welfare. The market is also witnessing innovations aimed at boosting the nutritional content of animal feed.
The trace minerals segment is expected to grow at a CAGR of 5.4% between 2024 and 2032, reaching a market size of USD 1.22 billion. These trace minerals are vital for the activation of enzymes and hormones essential for livestock metabolism, disease prevention, and improved digestibility. They also support skeletal development, immunity, and overall health, while boosting milk production. Deficiencies in minerals such as iron, copper, zinc, boron, and manganese, which lead to disease outbreaks among poultry and ruminants, are expected to drive demand for trace minerals.
The poultry livestock segment is set to exceed USD 1.4 billion by 2032, as micronutrients rich in essential nutrients play a critical role in the growth and performance of turkeys, broilers, and layers. Increasing poultry production, especially in the UK, France, Germany, and Russia, along with rising consumer demand for nutrient-dense poultry products, is expected to fuel growth. The demand for poultry meat and eggs fortified with vitamins and minerals is a key factor supporting the expansion of this segment.
The Asia Pacific market is projected to grow at a rate of 5.0%, reaching USD 0.87 billion by 2032. Rising consumer purchasing power, particularly in India, China, and Indonesia, has driven demand for high-quality meat and poultry products, spurring the use of feed additives and micronutrients to increase production.