Global Feed Minerals Market - Growth, Trends, Industry Analysis and Forecasts (2018 - 2023)
Essential trace elements and minerals that are not adequately produced in the animal need to be added in the feed externally for better standards and quality of animal-derived products. The increase in the demand for high-quality meat and animal-derived products, animal and human health concerns, and higher the disposable incomes of the middle-class population all around the world are the factors driving the market. Cost management of mineral products acts as a restraint on the market's growth.
Increase in Demand for Fat-Soluble Vitamins
Immunity is the resistance provided to the livestock for infectious agents, foreign particles, toxins, and tumor cells. If the immune system is compromised especially for the dairy animal, the animal is bound to face numerous clinical problems. Researchers have addressed the role of zinc, iron, copper, and selenium minerals in disease resistance of swine and dairy. It is reported that the radical concentrations are kept low through the usage of superoxide mutases, which includes manganese, zinc, and copper, catalase, and glutathione peroxidase (selenium).
Young animals are increasingly affected since they are not as immune-competent like that of a grown livestock. Zinc supplemented animals (350 mg per head per day) helps to improve the production gain and is an effective treatment for a stressed cattle.
There have been some breakthrough studies which have reflected the importance of trace minerals, in the product portfolio mix provided to the dairy, in improving the livestock wellness and performance.
For ruminants, there are some research studies which reflects the nutritional importance of minerals in ruminants. Research study from Illinois State University serves as the benchmark study showing the nutrition from trace minerals, precisely that of zinc methionine, which can uplift an animal’s nutritional status to improve claw health and integrity
Feeding the cattle with various performance minerals in the cattle-starter programs have shown to result in a rapid mineral store repletion, resulting in a better animal health status. Healthy animals have shown improvement in immune responses and demand fewer treatments. With the cattle evolving through the finishing phase, trace minerals play a pivotal role in improving the animal growth and feed efficiency.
Developing Asian and South American Market
The livestock production and demand saw growth over the last decade, globally, thus, increasing market share of Asia-Pacific countries. Stable economic conditions, urbanization, and change in lifestyles in Asia-Pacific, have led to increased protein consumption through incorporation of meat in the diet. Lifestyle changes and high purchasing power of consumers, are also the factors for high growth and demand for meat. There has been a remarkable growth in the production and consumption of livestock products in countries, like, China, India, and Japan. With the continuous economic growth of the developing countries, the consumer preference has been shifting toward more meat and animal-based products. Therefore, the livestock industry in the Asia-Pacific region has started adopting scientific methods to increase production and maintain a steady supply of meat in the market. Industrialization of the livestock, feed, and processed meat industry has increased the demand for the application of feed minerals that act as a supplements, nutrient enhancers, feed conditioners, etc., to provide animals with all the required essential elements for their optimum growth. With the growth of market size of the livestock industry, use of feed minerals supplements is becoming a necessity for maintaining animal health and growth particularly in indoor environments. Favorable demographics, subsidized tax regime in animal husbandry, and improving feed quality, are also the major driving factors of the Asia-Pacific market.
February 2018: Neovia announces acquisition of French Pilardiere group, the third lrgest producer of mineral feeds and nutritional specialties.
Major Players: ALLTECH INC., ARCHER DANIELS MIDLAND CO., BIO MULTIMIN INC., BIOCHEM LOHNE GERMANY, CARGILL INC., amongst others.
Reasons to Purchase this Report
Study on the adoption of industrial feed minerals in developing regions and its effects on the global feed additives industry.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
Study on the type of feed minerals expected to dominate the market during the forecast period.
Study on the region expected to witness fastest growth during the forecast period.
Identify the latest developments, market shares and strategies employed by the major market players.
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