Global Animal Feed Micronutrients Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

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Global Animal Feed Micronutrients Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

  • Food & Beverage
  • Jul 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Author : Pawan Gusain

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Global Animal Feed Micronutrients Market

Market Size in USD Billion

CAGR :  % Diagram

Bar chart comparing the Global Animal Feed Micronutrients Market size in 2024 - 1.81 and 2032 - 2.97, highlighting the projected market growth. USD 1.81 Billion USD 2.97 Billion 2024 2032
Diagram Forecast Period
2025 –2032
Diagram Market Size (Base Year)
USD 1.81 Billion
Diagram Market Size (Forecast Year)
USD 2.97 Billion
Diagram CAGR
%
Diagram Major Markets Players
  • CHR. Hansen Holdings A/S
  • Lallemand Inc.
  • Novus International
  • DSM
  • BASF SE

Global Animal Feed Micronutrients Market, By Product (Iron, Manganese, Zinc, Boron, Copper, and Others), Application (Ruminant, Poultry, Swine, Aqua, Equine, and Others) – Industry Trends and Forecast to 2032.

Animal Feed Micronutrients Market

Animal Feed Micronutrients Market Size

  • The global animal feed micronutrients market size was valued at USD 1.81 billion in 2024 and is expected to reach USD 2.97 billion by 2032, at a CAGR of 6.40% during the forecast period
  • The market growth is primarily driven by the increasing demand for high-quality animal protein, rising awareness of animal health and nutrition, and the growing adoption of precision livestock farming practices
  • In addition, the rising need for enhanced feed efficiency and sustainable agricultural practices is boosting the demand for micronutrients in animal feed, positioning them as critical components for improving livestock productivity and health

Animal Feed Micronutrients Market Analysis

  • Animal feed micronutrients, essential minerals required in trace amounts, play a vital role in supporting animal growth, immunity, and overall health, contributing to enhanced productivity in livestock and aquaculture
  • The growing global demand for meat, dairy, and poultry products, coupled with heightened awareness of the role of micronutrients in animal health, is driving market expansion
  • Asia-Pacific dominated the animal feed micronutrients market with the largest revenue share of 38.5% in 2024, fueled by large-scale livestock production, increasing meat consumption, and significant investments in animal nutrition, particularly in countries such as China and India
  • Europe is expected to be the fastest-growing region during the forecast period due to stringent regulations on animal feed quality, rising adoption of organic farming, and increasing focus on sustainable livestock production
  • The zinc segment dominated the largest market revenue share of 32.5% in 2024, driven by its critical role in enhancing immune function, supporting hormone secretion, and preventing skin and growth issues in livestock. Zinc is widely used in poultry and swine diets to improve feed efficiency and overall health

Report Scope and Animal Feed Micronutrients Market Segmentation

Attributes

Animal Feed Micronutrients Key Market Insights

Segments Covered

  • By Product: Iron, Manganese, Zinc, Boron, Copper, and Others
  • By Application: Ruminant, Poultry, Swine, Aqua, Equine, and Others

Countries Covered

North America

  • U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • France
  • U.K.
  • Netherlands
  • Switzerland
  • Belgium
  • Russia
  • Italy
  • Spain
  • Turkey
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Australia
  • Thailand
  • Indonesia
  • Philippines
  • Rest of Asia-Pacific

Middle East and Africa

  • Saudi Arabia
  • U.A.E.
  • South Africa
  • Egypt
  • Israel
  • Rest of Middle East and Africa

South America

  • Brazil
  • Argentina
  • Rest of South America

Key Market Players

  • CHR. Hansen Holdings A/S (Denmark)
  • Lallemand Inc. (Canada)
  • Novus International (U.S.)
  • DSM (Netherlands)
  • BASF SE (Germany)
  • Alltech (U.S.)
  • ADM (U.S.)
  • Charoen Popkphand Foods PCL (Thailand)
  • Associated British Foods Plc (U.K.)
  • Cargill Incorporated (U.S.)
  • Purina Animal Nutrition LLC (U.S.)
  • Zinpro Corp (U.S.)
  • Dallas Keith (U.K.)
  • Balchem Inc., (U.S.)
  • Kemin Industries, Inc. (U.S.)

Market Opportunities

  • Growing Demand for Organic and Sustainable Animal Feed Solutions
  • Expansion of Aquaculture and Poultry Industries in Emerging Markets

Value Added Data Infosets

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Animal Feed Micronutrients Market Trends

“Increasing Integration of AI and Big Data Analytics”

  • The global animal feed micronutrients market is experiencing a notable trend toward the integration of Artificial Intelligence (AI) and Big Data analytics
  • These technologies facilitate advanced data processing and analysis, offering deeper insights into animal health, feed efficiency, and nutritional optimization
  • AI-powered solutions enable proactive management by identifying potential nutritional deficiencies or health issues before they impact livestock productivity
  • For instance, companies are developing AI-driven platforms that analyze feed consumption patterns to tailor micronutrient formulations for specific livestock needs or optimize feed distribution based on real-time environmental and health data
  • This trend enhances the value of micronutrient solutions, making them more appealing to both small-scale farmers and large-scale livestock operators
  • AI algorithms can evaluate a wide range of livestock data, including growth rates, immune responses, and reproductive performance, to ensure precise micronutrient supplementation

Animal Feed Micronutrients Market Dynamics

Driver

“Rising Demand for High-Quality Animal Protein and Sustainable Livestock Practices”

  • The increasing global demand for animal-derived products, such as meat, dairy, and eggs, driven by population growth and rising incomes, is a major driver for the animal feed micronutrients market
  • Micronutrients, including iron, manganese, zinc, boron, copper, and others, enhance animal health, growth, and productivity, supporting applications across ruminants, poultry, swine, aqua, equine, and others
  • Government initiatives, particularly in Asia-Pacific, the dominating region, promote the use of micronutrients to improve livestock productivity and meet food security goals
  • The advancement of IoT and precision farming technologies enables real-time monitoring of animal nutrition, further expanding the use of micronutrients for optimized feed formulations
  • Feed manufacturers are increasingly incorporating micronutrients as standard components to meet consumer expectations for high-quality, nutrient-rich animal products

Restraint/Challenge

“High Cost of Micronutrient Formulations and Regulatory Compliance Concerns”

  • The significant initial investment required for developing, testing, and incorporating high-quality micronutrients, such as zinc, copper, and iron, into animal feed can be a barrier, particularly in cost-sensitive markets
  • Formulating specialized micronutrient blends for diverse applications, such as poultry or aquaculture, can be complex and expensive
  • In addition, regulatory compliance and environmental concerns pose challenges. Micronutrients such as zinc and copper, if overused, can contribute to soil and water pollution, raising concerns about environmental impact and compliance with stringent regulations, especially in Europe, the fastest-growing region
  • The varying regulatory frameworks across countries regarding micronutrient usage, safety, and environmental impact complicate operations for global manufacturers and suppliers
  • These factors may deter adoption in regions with high cost sensitivity or stringent environmental regulations, potentially limiting market growth

Animal Feed Micronutrients market Scope

The market is segmented on the basis of product and application.

  • By Product

On the basis of product, the market is segmented into iron, manganese, zinc, boron, copper, and others. The zinc segment dominated the largest market revenue share of 32.5% in 2024, driven by its critical role in enhancing immune function, supporting hormone secretion, and preventing skin and growth issues in livestock. Zinc is widely used in poultry and swine diets to improve feed efficiency and overall health.

The Iron segment is expected to witness the fastest growth rate of 8.2% from 2025 to 2032. This growth is fueled by the increasing prevalence of anemia in livestock, particularly in dogs, cats, and cattle, where iron supplementation reduces anemia cases by approximately 20%, boosting vitality and productivity. Iron’s role in oxygen transport and energy metabolism further drives its adoption in animal feed.

  • By Application

On the basis of application, the market is segmented into ruminant, poultry, swine, aqua, equine, and others. The poultry segment dominated the market with a revenue share of 45.0% in 2024, attributed to the high global demand for poultry meat and eggs, coupled with the essential role of micronutrients in improving reproduction, health, and performance of broilers, layers, and turkeys. The increasing consumer preference for nutrient-dense poultry products further supports this segment’s dominance.

The ruminant segment is anticipated to experience the fastest growth rate of 8.9% from 2025 to 2032. This growth is driven by rising global consumption of beef, milk, and dairy products such as cheese and butter. Micronutrients such as zinc, copper, and iron enhance milk yield by approximately 18% and improve rumen function, making them critical for ruminant nutrition and productivity.

Animal Feed Micronutrients Market Regional Analysis

  • Asia-Pacific dominated the animal feed micronutrients market with the largest revenue share of 38.5% in 2024, fueled by large-scale livestock production, increasing meat consumption, and significant investments in animal nutrition, particularly in countries such as China and India
  • Consumers and producers prioritize micronutrients for enhancing animal health, growth, and productivity, particularly in regions with intensive farming practices
  • Growth is supported by advancements in micronutrient formulations, including chelated and organic compounds, alongside rising adoption in both large-scale and small-scale farming operations

U.S. Animal Feed Micronutrients Market Insight

The U.S. animal feed micronutrients market is expected to witness significant growth, fueled by strong demand from the livestock and poultry sectors and growing awareness of micronutrient benefits for animal health. The trend towards sustainable farming and increasing regulations promoting animal welfare standards further boost market expansion. The integration of micronutrients in commercial feed formulations complements custom feed solutions, creating a diverse product ecosystem.

Europe Animal Feed Micronutrients Market Insight

The Europe animal feed micronutrients market is expected to witness the fastest growth rate, supported by regulatory emphasis on sustainable livestock production and animal health. Producers seek micronutrients that improve feed efficiency and reduce environmental impact. The growth is prominent in both large-scale feed manufacturing and on-farm feed mixing, with countries such as Germany and France showing significant uptake due to rising environmental concerns and stringent EU regulations.

U.K. Animal Feed Micronutrients Market Insight

The U.K. market for animal feed micronutrients is expected to witness rapid growth, driven by demand for improved animal productivity and health in intensive farming systems. Increased interest in sustainable feed additives and rising awareness of micronutrient benefits encourage adoption. Evolving animal welfare regulations influence producer choices, balancing micronutrient efficacy with compliance.

Germany Animal Feed Micronutrients Market Insight

Germany is expected to witness the fastest growth rate in animal feed micronutrients, attributed to its advanced livestock industry and high producer focus on feed efficiency and sustainability. German producers prefer technologically advanced micronutrients that enhance animal growth and contribute to lower environmental footprints. The integration of these micronutrients in premium feed formulations and custom solutions supports sustained market growth.

Asia-Pacific Animal Feed Micronutrients Market Insight

The Asia-Pacific region dominates the global animal feed micronutrients market, driven by expanding livestock production and rising demand for high-quality animal feed in countries such as China, India, and Japan. Increasing awareness of animal health, productivity, and feed efficiency is boosting demand. Government initiatives promoting sustainable agriculture and food security further encourage the use of advanced micronutrients.

Japan Animal Feed Micronutrients Market Insight

Japan’s animal feed micronutrients market is expected to witness rapid growth due to strong producer preference for high-quality, technologically advanced micronutrients that enhance animal health and productivity. The presence of major feed manufacturers and integration of micronutrients in commercial feed accelerate market penetration. Rising interest in customized feed solutions also contributes to growth.

China Animal Feed Micronutrients Market Insight

China holds the largest share of the Asia-Pacific animal feed micronutrients market, propelled by rapid urbanization, rising livestock ownership, and increasing demand for animal health and productivity solutions. The country’s growing middle class and focus on food security support the adoption of advanced micronutrients. Strong domestic manufacturing capabilities and competitive pricing enhance market accessibility.

Animal Feed Micronutrients Market Share

The animal feed micronutrients industry is primarily led by well-established companies, including:

  • CHR. Hansen Holdings A/S (Denmark)
  • Lallemand Inc. (Canada)
  • Novus International (U.S.)
  • DSM (Netherlands)
  • BASF SE (Germany)
  • Alltech (U.S.)
  • ADM (U.S.)
  • Charoen Popkphand Foods PCL (Thailand)
  • Associated British Foods Plc (U.K.)
  • Cargill Incorporated (U.S.)
  • Purina Animal Nutrition LLC (U.S.)
  • Zinpro Corp (U.S.)
  • Dallas Keith (U.K.)
  • Balchem Inc., (U.S.)
  • Kemin Industries, Inc. (U.S.)

What are the Recent Developments in Global Animal Feed Micronutrients Market?

  • In June 2023, Evonik Industries AG introduced an upgraded version of Biolys®, its flagship lysine source for livestock feeds. The new formulation features 62.4% L-lysine, up from the previous 60%, offering improved nutritional efficiency. Produced via fermentation, Biolys® also contains valuable biomass components that deliver added nutrients and energy—particularly beneficial for swine and poultry. This enhancement supports more precise amino acid balancing in feed, helping farmers reduce feed costs and environmental impact while promoting animal growth and health
  • In April 2022, Marel announced the acquisition of Wenger Manufacturing LLC, a U.S.-based leader in extrusion and drying technologies for pet food, aquaculture feed, and plant-based proteins. Valued at USD 540 million, this strategic move marked Marel’s entry into a fourth business segment—complementing its existing poultry, meat, and fish operations. The acquisition enhances Marel’s processing capabilities and positions it to capitalize on high-growth markets in sustainable food and feed production. Wenger’s expertise and strong customer base provide Marel with a robust platform to expand its global reach and innovation in animal feed micronutrients
  • In March 2022, Jiangxi Zhengbang Group sold eight of its animal feed subsidiaries to Beijing Dabeinong Technology Group in a deal valued between CNY 2 billion and 2.5 billion (approximately USD 317 million to 396 million). The transaction included full ownership of three companies and majority stakes in five others, primarily located in Yunnan and Guizhou provinces. This strategic divestment was aimed at streamlining Zhengbang’s operations amid financial challenges and refocusing on core business areas. For Dabeinong, the acquisition bolstered its presence in the feed industry and supported its ambition to expand market share in the region
  • In October 2021, Cargill Inc. and BASF SE deepened their strategic partnership in the animal nutrition sector by expanding their feed enzyme distribution agreements. This collaboration moved beyond distribution to include joint development, production, and marketing of enzyme-based solutions, with a particular focus on swine-specific applications. By combining BASF’s enzyme innovation and Cargill’s market reach, the partnership aims to deliver customer-centric products that enhance nutrient absorption, reduce environmental impact, and improve animal growth and wellbeing. The initiative reflects both companies’ commitment to sustainable agriculture and performance-driven nutrition
  • In September 2020, Kemin Industries and Micronutrients USA joined forces to launch IntelliBond® VITAL 5 Cr, the world’s first nutrition package delivering six essential trace minerals—zinc, manganese, copper, cobalt, iodine, and chromium—for dairy and beef cattle. This innovative blend combines Micronutrients’ IntelliBond® trace minerals with Kemin’s KemTRACE® Chromium, the first FDA-approved source of chromium propionate. Designed to support animal health, performance, and feed efficiency, the product addresses rising concerns over feed ingredient quality and aligns with industry demands for safe, U.S.-sourced nutritional solutions


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Global Animal Feed Micronutrients Market, Supply Chain Analysis and Ecosystem Framework

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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

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Frequently Asked Questions

The latest development in the Animal Feed Micronutrients Market are Jiangxi Zhengbang Group, a major player in China's agricultural industry, decided to streamline its operations by divesting eight of its animal feed units and Marel, a leading global provider of advanced food processing equipment and systems, completed the acquisition of Wenger Manufacturing.
The Growth Rate of the Animal Feed Micronutrients Market will be 6.40% by 2031.
The type and application are the factors on which the Animal Feed Micronutrients Market research is based.
The Ruminant, Poultry, Swine, Aqua, Equine are the market applications of the Animal Feed Micronutrients Market.
The Animal Feed Micronutrients Market Industry was worth USD 1.70 billion in 2023 & it is projected to reach USD 2.79 billion by 2031.

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