Feed Minerals Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2017 and Forecast 2018 to 2024

Market Introduction: Feed Minerals Market
Mineral feed consists of different types of minerals which are very essential for nutrition of animals which are augmented with flavouring agents, vitamins, facilitating agents and other medicated substances. These minerals compliment different functions of animal body that includes muscle contraction, bone development, acid-base balancing, stimulation of enzymes etc. Minerals are common substances which are supplemented in ideal quantities along with feed to animals in order to maintain the growth, health and wellbeing of animals.

Market Dynamics: Feed Minerals Market
Surge in demand from dairy cattle is expected to drive the market revenue growth due to well-balanced feed enables maximize profits. Cattle diet must contain essential minerals other nutrients in appropriate ratio. Rising companion animal adoption is expected to create demand for minerals. The mineral deficiencies lead to diseases. For instance, calcium deficiency leads to bone, teeth, nervous system related disorders. Dogs and cats are mostly fed on commercial food; even though suffer from several imbalances. Increased awareness among pet owners regarding well-balanced nutritious diet is anticipated to create healthy growth opportunities for the market players. However limited awareness, high prices of the raw materials and cost of the products expected to dampen additives in feed minerals market growth.

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Market Segmentation: Feed Minerals Market
Feed minerals market is segmented on basis of type of livestock, product type, and geographical regions.
Based on the type of animal, the global feed minerals market is segmented:
 Swine
 Poultry
 Ovine
 Bovine
 Equine
 Canine
 Aquaculture
Based on the type of minerals, the global feed minerals market is segmented:
 Macro Minerals
 Phosphorous
 Calcium
 Magnesium
 Potassium
 Others
 Micro Minerals
 Copper
 Iron
 Zinc
 Selenium
 Cobalt
 Others


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Market Overview: Feed Minerals Market
Rise in meat consumption is accelerating demand for meat and poultry. As per (Food and Agriculture Organizations) FAO, in 2015, globally production of meat was more than 300Mn tonnes, and estimated to witness to show growth of 1.5%. High production of meat production South Asia, India and China is boosting the feed minerals market. According to the statistics of FAO, Globally, people consumes average of 75 pounds of meat per year by a person. About 198.87 lb/per capita is consumed by Australians every year. Advancements in Technology of forage industry doubled owing with rise of breeding of livestock in India, Brazil and China drives feed minerals market growth. Many of the industry players are captivated in acquisitions, mergers, collaborations and development of products to expand the business and to create robust customer base. For instance, in December 2015, Nutreco, a feed minerals manufacturer came into an agreement with heritage to acquire hydroxy based animal trace minerals.

Regional Overview: Feed Minerals Market
Feed minerals market is segmented into North America, Asia-Pacific, Europe, and the Middle East & Africa, Latin America. Europe is the dominating market in minerals feed market followed by North America owing to rise in consumption of meat in these geographical regions. Asia pacific countries such as India, China and Australia will have significant growth during foresee period. Developing countries such as South Africa, Brazil and Mexico will show high growth impact in the feed minerals market.

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Market Participants: Feed Minerals Market
Some of the players in global feed minerals market include Nutreco (Netherlands), Novus International (U.S), Kemin Industries (U.S), DSM Holdings (Netherlands), Cargill group (U.S) and Kent Feeds. (U.S), VH group (India)

Key Market Developments: Feed Minerals Market
• In January 2016, Nutreco acquired Micronutrients to strengthen its selko feed additives.

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