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Global Mineral Feed Market to reach USD 5.7 billion by the end of 2029

Global Mineral Feed Market Size study & Forecast, by Type (Macro Minerals, Micro Minerals) by Animal Type (Ruminant, Poultry, Swine, Aquaculture, Other Animal Types) and Regional Analysis, 2022-2029

Product Code: OIRFB-54118117
Publish Date: 20-03-2023
Page: 200

Global Mineral Feed Market is valued at approximately USD 4.0 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.5% over the forecast period 2022-2029. Mineral Feed is a supplement that helps in maintaining livestock health. It’s a combination of certain minerals, vitamins, and other nutrients, it consists of all the important minerals in sufficient quantities. Mineral feed is specially made for cows or cattle as their bodies cannot produce these nutrients in sufficient amounts. Mineral Feed is a combination of substances that aims to provide primary minerals or inorganic nutrients to animals. The right proportion of minerals and nutrients present in mineral feed is vital for animal health. Increasing industrialized livestock production and consumption, growing awareness of animal health and wellness, increasing prevalence of diseases in animals, and Increasing production demand for poultry or Animal-based products are the factors driving the growth of the market.

According to M. Shahbandeh (research expert), in 2022, the production of poultry was about 136 million metric tons an increase from 115 metric tons in 2016. Also, according to the research department India was the leading producer of milk with around 176 million metric tons of milk production in the year 2018. Increasing livestock production and consumption leads to a surge in the demand for mineral feed, as it helps maintain animal health. Additionally, the risk of zoonotic diseases transmitting to humans has increased, and as a result awareness of animal health and wellness has increased. For Instance, according to the center for disease control and prevention, Infectious diseases that afflict people are estimated to be transferred by animals in 3 out of every 4 new or emergent cases and in more than 6 out of 10 cases for those who already have them. Increasing livestock production and consumption and awareness of the health and wellness of animals are the major factors driving the growth of the market. Other important components driving the market growth are the increasing prevalence of diseases in animals and the increasing demand for animal-based products.Furthermore, the adoption of scientific methods of production by the livestock industry and increasing demand for high-quality meat are the factors creating major market opportunities in the forecast period. However, the risk of side effects of Mineral Feed stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Mineral Feed Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increasing production and consumption of livestock, high awareness of health and wellness, and the region’s increasing animal disease prevalence. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing production and consumption of animal-based products, an increase in the industrialization of the livestock industry, and increasing zoonotic diseases in the countries such as China and India.

Major market player included in this report are:
Koninklijke DSM N.V.
Nutreco NV
Brilliant Bio Pharma Private Limited
Cargill Inc.
Purina Animal Nutrition Inc
Novus International Inc
Kent Nutrition Group
Kemin Industries Inc
Alltech Inc.

Recent Developments in the Market:
 In September 2022, Royal DSM acquired Prodap, a leading animal nutrition and technology company in Brazil. DSM will advance its pursuit of Precision & Personalization by utilizing the capabilities of Prodap’s digital technologies.
 In May 2022, Royal DSM and the world food program came up with an agreement to extend their partnership for 3 years more to widen the scope of rice fortification worldwide.
Global Mineral Feed Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Animal Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Typeofferings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Macro Minerals
Micro Minerals

By Animal Type:
Other Animal Types

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Mineral Feed Market, by Region, 2019-2029 (USD Billion)
1.2.2. Mineral Feed Market, by Type, 2019-2029 (USD Billion)
1.2.3. Mineral Feed Market, by Animal Type, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Mineral Feed Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Mineral Feed Market Dynamics
3.1. Mineral Feed Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing livestock production and consumption Growing awareness of animal health and wellness
3.1.2. Market Challenges Risk of side effects of mineral feed
3.1.3. Market Opportunities Adoption of scientific methods of production Increasing demand for high quality meat
Chapter 4. Global Mineral Feed Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Mineral Feed Market, by Type
6.1. Market Snapshot
6.2. Global Mineral Feed Market by Type, Performance – Potential Analysis
6.3. Global Mineral Feed Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Mineral Feed Market, Sub Segment Analysis
6.4.1. Macro Minerals
6.4.2. Micro Minerals
Chapter 7. Global Mineral Feed Market, by Animal Type
7.1. Market Snapshot
7.2. Global Mineral Feed Market by Animal Type, Performance – Potential Analysis
7.3. Global Mineral Feed Market Estimates & Forecasts by Animal Type 2019-2029 (USD Billion)
7.4. Mineral Feed Market, Sub Segment Analysis
7.4.1. Ruminant
7.4.2. Poultry
7.4.3. Swine
7.4.4. Aquaculture
7.4.5. Other Animal Types
Chapter 8. Global Mineral Feed Market, Regional Analysis
8.1. Mineral Feed Market, Regional Market Snapshot
8.2. North America Mineral Feed Market
8.2.1. U.S. Mineral Feed Market Type breakdown estimates & forecasts, 2019-2029 Animal Type breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Mineral Feed Market
8.3. Europe Mineral Feed Market Snapshot
8.3.1. U.K. Mineral Feed Market
8.3.2. Germany Mineral Feed Market
8.3.3. France Mineral Feed Market
8.3.4. Spain Mineral Feed Market
8.3.5. Italy Mineral Feed Market
8.3.6. Rest of Europe Mineral Feed Market
8.4. Asia-Pacific Mineral Feed Market Snapshot
8.4.1. China Mineral Feed Market
8.4.2. India Mineral Feed Market
8.4.3. Japan Mineral Feed Market
8.4.4. Australia Mineral Feed Market
8.4.5. South Korea Mineral Feed Market
8.4.6. Rest of Asia Pacific Mineral Feed Market
8.5. Latin America Mineral Feed Market Snapshot
8.5.1. Brazil Mineral Feed Market
8.5.2. Mexico Mineral Feed Market
8.6. Rest of The World Mineral Feed Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Koninklijke DSM NV Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Nutreco NV
9.2.3. Cargill Inc.
9.2.4. Novus International
9.2.5. Kemin Industries
9.2.6. Alltech Inc.
9.2.7. BASF SE
9.2.8. Purina Animal Nutrition Inc
9.2.9. Brilliant Bio Pharma Private Limited
9.2.10. Kent Nutrition Group
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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