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Mineral Feed Supplements Market Forecast and CAGR

According to latest research by Transparency Market Research, mineral feed supplements market is set to witness steady growth during 2021-2031. Demand for mineral feed supplements will witness steady recovery in short-term, with optimistic growth outlook in the long-run. Increasing awareness regarding importance of feed supplements for livestock, this market is growing with significant CAGR.

What is Driving Demand for Mineral Feed Supplements?

Major driving forces of this market are an increase in demand for livestock meat, increase in consumption of by-products from livestock. Improper or unbalanced diet leads to unhealthy livestock which is not beneficial for the consumers and it drives the market globally.

Feed supplements are necessary to fulfill the requirements for the farm animals because they do not get sufficient minerals by regular diet. The meat processing industry's demand for high-quality meat is expected to drive up feed mineral consumption even further. Farmers in developing countries such as India, China, Brazil, Mexico, and South Africa are likely to become more conscious of the demand over time. Rising demand and wide range of utility of meat, beef, milk, cotton, which is produced from the animals, has triggered the market growth of mineral feed supplements.

Mineral feed supplements market growing significantly as it helps to improve growth, increase production, skeletal development in animals, and also helps to increase fertility. Mineral feed supplements not only use to maintain the health of the farm animals but also improve their digestibility, hygiene, and intestinal health which increase the life of the animals and can be the necessary factor that has increased the demand for Mineral Feed Supplements.

Rising Awareness among the consumers is expected to boost Mineral Feed Supplements Sales

The mineral feed supplement market is growing faster especially in developing countries. Increasing awareness in the consumers regarding the availability of different minerals in the feed supplements is another factor for this market. The government also supports this market by giving ease in the regulations to propel the growth of the mineral supplement market.

Potassium mineral-based feed supplements account for a significant share in terms of revenue because it helps to prevent the diseases in the animals. To treat heat stress potassium is used for farm animals. The skyrocketing demand for mineral feed supplements to increase the production of meat, milk, and eggs is a factor that has triggered the growth of this market.

US and Canada Mineral Feed Supplements Market Outlook

The pandemic situation continuously impacts negatively all over the world in every industry. Restrictions have been imposed due to the COVID-19 pandemic in high-potential markets. GDP growth of small countries also has been affected due to the pandemic situation. The global export for beef and chicken meat trade has been reduced due to the emerging threats from the spread of the COVID-19 pandemic.

North America region is expected to be the leading region in this feed supplement market. It is also estimated that the mineral feed supplements market has been showing a high growth rate in the developing countries of the Asia Pacific region as developing countries highly dependent on the agriculture and poultry sector which has triggered the market of mineral feed supplements globally. Increasing awareness towards the use of feed supplements because of its various health uses in animals such as it helps to strong metabolism and provide immunity against diseases is boosting the sales.

Europe Demand Outlook for Mineral Feed Supplements

Europe mineral feed supplement markers are growing with significant CAGR. The growing importance of the market can be credited to increasing livestock population, increase in consumption of livestock by-products economic activities, organized livestock farming and increasing consumer awareness.

Mineral makeup some of the most important body function in the any living being. Although low adoption rate and the high cost of raw materials required for the fabrication of minerals supplements may hamper the growth of the market. Moreover, technological advancement in the synthesis of these supplements provides own potential for the European market.

Who are the Key Manufacturers and Suppliers of Mineral Feed Supplements?

Key players which are included in the production of the mineral feed supplements products are DSM NV, Nutreco NV, Novus International, Kemin Industries, Nicosia International, Cargill inc., purina mills, vitalac, S.I.N. HELLAS, Euromix, PIGSTART PLUS, Chaitanya Agro Bio-tech Pvt. ltd., Geevet Remedies, Fortune Vet., Gayatri Herbals Pvt. Ltd., R. K. Phosphates Private Limited, S. D. C. Agro Vet India Private Limited, Land O'Lakes, Jagdish Industrial Corporation, Kamdhenu Feeds, Prispag Pharma, Gramin India Agri Businest and others.

Key Segments

By types of Mineral

  • Potassium sources
  • Phosphorus sources
  • Magnesium sources
  • Calcium sources
  • Iron sources
  • Manganese sources
  • Sodium sources
  • Copper sources
  • Zinc sources
  • Others (selenium, chloride, iodine, sulphur and cobalt)

By End-use Industry

  • Dairy (Goat, Buffalo, Cow, etc.)
  • Poultry
  • Swine
  • Equine Breeding
  • Aquaculture
  • Others (Sheep, Camels, etc.)

By Distribution Channel

  • Business to Business
  • Business to Consumer
    • Hypermarket/supermarket
    • Specialty stores
    • Online retail

By Region

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Mineral Feed Supplements Market

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