Animal Feed Micronutrients Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the global Animal Feed Micronutrients Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers a detailed understanding of the market landscape, helping stakeholders make well-informed decisions.

Key Insights:

Animal Feed Micronutrients Market Size (2024E): US$ 1.72 Bn
Projected Market Value (2031F): US$ 2.83 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 6.5%

Animal Feed Micronutrients Market - Report Scope:

The animal feed micronutrients market includes essential vitamins and minerals added to livestock feed to enhance animal health, growth, and productivity. Micronutrients are critical for ruminants, poultry, swine, and aquaculture, ensuring optimal nutrition and performance. The market is primarily driven by rising global meat consumption, increasing demand for high-quality animal protein, and a shift toward antibiotic-free livestock. Growing awareness of animal health, nutrition, and feed efficiency is further boosting market expansion, with emerging economies showing significant growth potential.

Market Growth Drivers:

The global animal feed micronutrients market is being fueled by multiple factors. Increasing meat consumption worldwide is driving demand for fortified feed to improve livestock productivity and product quality. The growing trend of antibiotic-free livestock has accelerated the adoption of micronutrient-enriched feed as a natural means to support immunity and growth. Additionally, the expansion of modern livestock farms, particularly in emerging markets, is creating higher demand for quality feed supplements. Rising investments in animal health research and advancements in feed formulations are also contributing to market growth.

Market Restraints:

Despite the promising outlook, certain challenges are restraining market growth. High production costs of specialized micronutrient supplements can limit adoption, especially among small-scale farmers. Regulatory constraints and stringent quality standards in various regions add to compliance costs for manufacturers. Furthermore, inconsistency in the availability of raw materials and fluctuations in feed ingredient prices may impact market stability.

Market Opportunities:

The animal feed micronutrients market offers substantial growth opportunities. Expansion into emerging markets such as Asia-Pacific and Latin America, where livestock farming is rapidly modernizing, presents strong potential. Increasing awareness about sustainable animal nutrition and feed efficiency encourages the adoption of fortified feed solutions. Technological advancements in feed formulation, encapsulation, and delivery systems are creating avenues for innovative products. Strategic collaborations between feed manufacturers, nutritionists, and livestock producers can help capture new market segments and strengthen competitive positioning.

Key Questions Answered in the Report:

What are the primary factors driving the global animal feed micronutrients market's growth?
Which regions and market segments are experiencing the highest demand for micronutrients in animal feed?
How are innovations in feed formulations influencing market dynamics?
Who are the key players in the animal feed micronutrients market, and what strategies are they adopting to stay competitive?
What are the emerging trends and future projections for the global animal feed micronutrients market?

Competitive Intelligence and Business Strategy:

Leading companies in the global animal feed micronutrients market, such as CHR. Hansen Holdings A/S, Lallemand Inc., Novus International, DSM, BASF SE, Alltech, ADM, Charoen Pokphand Foods PCL, Associated British Foods Plc, Cargill Incorporated, Purina Animal Nutrition LLC, Zinpro Corp, Dallas Keith, Balchem Inc., and Kemin Industries, Inc., are investing in product innovation, research, and strategic partnerships. These companies focus on developing high-quality, targeted feed solutions for ruminants, poultry, swine, and aquaculture. Expanding distribution networks, enhancing product efficacy, and providing customized nutrition solutions are key strategies to strengthen market presence.

Companies Covered in This Report:

CHR. Hansen Holdings A/S
Lallemand Inc.
Novus International
DSM
BASF SE
Alltech
ADM
Charoen Popkphand Foods PCL
Associated British Foods Plc
Cargill Incorporated
Purina Animal Nutrition LLC
Zinpro Corp
Dallas Keith
Balchem Inc.
Kemin Industries, Inc.

Market Segmentation

By Form

Solid
Liquid

By Type

Vitamins
Minerals

By Animal Type

Ruminants
Poultry
Swine
Aquaculture

By Region

North America
Latin America
Europe
South Asia & Oceania
East Asia
Middle East & Africa

Product Code: PMRREP3306

1. Executive Summary

1.1. Global Animal Feed Micronutrients Market Snapshot, 2024 and 2031
1.2. Market Opportunity Assessment, 2024 - 2031, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Global Healthcare Spending Outlook
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Product Adoption Analysis
3.2. Epidemiology - Deafness and Hearing Loss
3.3. Technology Assessment
3.4. Regulatory Landscape
3.5. Value Chain Analysis
- 3.5.1. List of Form/Marketplaces
  - 3.5.1.1. Retail
  - 3.5.1.2. E-Commerce
- 3.5.2. List of End User (Industry)
3.6. Key Deals and Mergers
3.7. PESTLE Analysis
3.8. Porter's Five Force Analysis

4. Price Trend Analysis, 2018 - 2031

4.1. Key Highlights
4.2. Key Factors Impacting Form Prices
4.3. Pricing Analysis, By Form
4.4. Regional Prices and Form Preferences

5. Global Animal Feed Micronutrients Market Outlook: Historical (2019-2024) and Forecast (2024 - 2031)

5.1. Key Highlights
- 5.1.1. Market Volume (Units) Projections
- 5.1.2. Market Size (US$ Mn) and Y-o-Y Growth
- 5.1.3. Absolute $ Opportunity
5.2. Market Size (US$ Mn) Analysis and Forecast
- 5.2.1. Historical Market Size (US$ Mn) Analysis, 2019-2024
- 5.2.2. Current Market Size (US$ Mn) Analysis and Forecast, 2023-2031
5.3. Global Animal Feed Micronutrients Market Outlook: Form
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Form, 2019-2024
- 5.3.3. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Form, 2024-2031
  - 5.3.3.1. Solid
  - 5.3.3.2. Liquid
5.4. Market Attractiveness Analysis: Form
5.5. Global Animal Feed Micronutrients Market Outlook: Type
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Mn) Analysis, By Type, 2019-2024
- 5.5.3. Current Market Size (US$ Mn) Analysis and Forecast, By Type, 2024-2031
  - 5.5.3.1. Vitamins
  - 5.5.3.2. Minerals
5.6. Market Attractiveness Analysis: Type
5.7. Global Animal Feed Micronutrients Market Outlook: By Animal Type
- 5.7.1. Introduction / Key Findings
- 5.7.2. Historical Market Size (US$ Mn) Analysis, By Animal Type, 2019-2024
- 5.7.3. Current Market Size (US$ Mn) Analysis and Forecast, By Animal Type, 2024-2031
  - 5.7.3.1. Ruminants
  - 5.7.3.2. Poultry
  - 5.7.3.3. Swine
  - 5.7.3.4. Aquaculture
5.8. Market Attractiveness Analysis: By Animal Type

6. Global Animal Feed Micronutrients Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Region, 2019-2024
6.3. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Region, 2024-2031
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America Animal Feed Micronutrients Market Outlook: Historical (2019-2024) and Forecast (2024 - 2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2019-2024
- 7.3.1. By Country
- 7.3.2. By Form
- 7.3.3. By Type
- 7.3.4. By Animal Type
7.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 7.4.1. U.S.
- 7.4.2. Canada
7.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Form, 2024-2031
- 7.5.1. Solid
- 7.5.2. Liquid
7.6. Current Market Size (US$ Mn) Analysis and Forecast, By Type, 2024-2031
- 7.6.1. Vitamins
- 7.6.2. Minerals
7.7. Current Market Size (US$ Mn) Analysis and Forecast, By Animal Type, 2024-2031
- 7.7.1. Ruminants
- 7.7.2. Poultry
- 7.7.3. Swine
- 7.7.4. Aquaculture
7.8. Market Attractiveness Analysis

8. Europe Animal Feed Micronutrients Market Outlook: Historical (2019-2024) and Forecast (2024 - 2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2019-2024
- 8.3.1. By Country
- 8.3.2. By Form
- 8.3.3. By Type
- 8.3.4. By Animal Type
8.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 8.4.1. Germany
- 8.4.2. France
- 8.4.3. U.K.
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Turkiye
- 8.4.8. Rest of Europe
8.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Form, 2024-2031
- 8.5.1. Solid
- 8.5.2. Liquid
8.6. Current Market Size (US$ Mn) Analysis and Forecast, By Type, 2024-2031
- 8.6.1. Vitamins
- 8.6.2. Minerals
8.7. Current Market Size (US$ Mn) Analysis and Forecast, By Animal Type, 2024-2031
- 8.7.1. Ruminants
- 8.7.2. Poultry
- 8.7.3. Swine
- 8.7.4. Aquaculture
8.8. Market Attractiveness Analysis

9. East Asia Animal Feed Micronutrients Market Outlook: Historical (2019-2024) and Forecast (2024 - 2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2019-2024
- 9.3.1. By Country
- 9.3.2. By Form
- 9.3.3. By Type
- 9.3.4. By Animal Type
9.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. South Korea
9.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Form, 2024-2031
- 9.5.1. Solid
- 9.5.2. Liquid
9.6. Current Market Size (US$ Mn) Analysis and Forecast, By Type, 2024-2031
- 9.6.1. Vitamins
- 9.6.2. Minerals
9.7. Current Market Size (US$ Mn) Analysis and Forecast, By Animal Type, 2024-2031
- 9.7.1. Ruminants
- 9.7.2. Poultry
- 9.7.3. Swine
- 9.7.4. Aquaculture
9.8. Market Attractiveness Analysis

10. South Asia & Oceania Animal Feed Micronutrients Market Outlook: Historical (2019-2024) and Forecast (2024 - 2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2019-2024
- 10.3.1. By Country
- 10.3.2. By Form
- 10.3.3. By Type
- 10.3.4. By Animal Type
10.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 10.4.1. India
- 10.4.2. Southeast Asia
- 10.4.3. ANZ
- 10.4.4. Rest of South Asia & Oceania
10.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Form, 2024-2031
- 10.5.1. Solid
- 10.5.2. Liquid
10.6. Current Market Size (US$ Mn) Analysis and Forecast, By Type, 2024-2031
- 10.6.1. Vitamins
- 10.6.2. Minerals
10.7. Current Market Size (US$ Mn) Analysis and Forecast, By Animal Type, 2024-2031
- 10.7.1. Ruminants
- 10.7.2. Poultry
- 10.7.3. Swine
- 10.7.4. Aquaculture
10.8. Market Attractiveness Analysis

11. Latin America Animal Feed Micronutrients Market Outlook: Historical (2019-2024) and Forecast (2024 - 2031)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2019-2024
- 11.3.1. By Country
- 11.3.2. By Form
- 11.3.3. By Type
- 11.3.4. By Animal Type
11.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 11.4.1. Brazil
- 11.4.2. Mexico
- 11.4.3. Rest of Latin America
11.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Form, 2024-2031
- 11.5.1. Solid
- 11.5.2. Liquid
11.6. Current Market Size (US$ Mn) Analysis and Forecast, By Type, 2024-2031
- 11.6.1. Vitamins
- 11.6.2. Minerals
11.7. Current Market Size (US$ Mn) Analysis and Forecast, By Animal Type, 2024-2031
- 11.7.1. Ruminants
- 11.7.2. Poultry
- 11.7.3. Swine
- 11.7.4. Aquaculture
11.8. Market Attractiveness Analysis

12. Middle East & Africa Animal Feed Micronutrients Market Outlook: Historical (2019-2024) and Forecast (2024 - 2031)

12.1. Key Highlights
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis, By Market, 2019-2024
- 12.3.1. By Country
- 12.3.2. By Form
- 12.3.3. By Type
- 12.3.4. By Animal Type
12.4. Current Market Size (US$ Mn) Analysis and Forecast, By Country, 2024-2031
- 12.4.1. GCC Countries
- 12.4.2. Egypt
- 12.4.3. South Africa
- 12.4.4. Northern Africa
- 12.4.5. Rest of Middle East & Africa
12.5. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast, By Form, 2024-2031
- 12.5.1. Solid
- 12.5.2. Liquid
12.6. Current Market Size (US$ Mn) Analysis and Forecast, By Type, 2024-2031
- 12.6.1. Vitamins
- 12.6.2. Minerals
12.7. Current Market Size (US$ Mn) Analysis and Forecast, By Animal Type, 2024-2031
- 12.7.1. Ruminants
- 12.7.2. Poultry
- 12.7.3. Swine
- 12.7.4. Aquaculture
12.8. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2023
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. CHR. Hansen Holdings A/S
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Products
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
- 13.3.2. Market Strategy
- 13.3.3. Lallemand Inc.
- 13.3.4. Novus International
- 13.3.5. DSM
- 13.3.6. BASF SE
- 13.3.7. Alltech
- 13.3.8. ADM
- 13.3.9. Charoen Popkphand Foods PCL
- 13.3.10. Associated British Foods Plc
- 13.3.11. Cargill Incorporated
- 13.3.12. Purina Animal Nutrition LLC
- 13.3.13. Zinpro Corp
- 13.3.14. Dallas Keith
- 13.3.15. Balchem Inc.
- 13.3.16. Kemin Industries, Inc.

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations