About Mineral Feed Supplements
Mineral feed supplements are used as a filler to a deficit in minerals in the livestock feed. It is used when there is a deficiency of certain chemical elements in livestock-raising regions. The proper amount of minerals are essential for the health, growth, and optimum milk production of dairy cattle and less mineral feeding can result in an increased incidence of disease and reproductive problems, lower milk production, and decreased growth rate in heifers. Thus mineral feed supplements are helpful in preventing diseases as well as enhancing performance.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Mineral Feed Supplements market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DSM (Netherlands), BASF (Germany), Nutreco N.V. (Netherlands), Lonza Group AG (Switzerland), Archer Daniels Midland Company (United States), DLG Group (Denmark), Bluestar Adisseo Company Limited (China), Alltech (United States) and Kemin Industries (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Mineral Feed Supplements market by , Application (Poultry, Swine, Ruminants, Aquaculture and Others) and Region.
On the basis of geography, the market of Mineral Feed Supplements has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Mineral Type, the sub-segment i.e. Potassium Element will boost the Mineral Feed Supplements market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Dry will boost the Mineral Feed Supplements market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Channels will boost the Mineral Feed Supplements market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Robust Increase in the Distribution Channels
Market Growth Drivers:
Increased Awareness about Animal Nutrition and Increased Consumption of Meat and Meat Products
Challenges:
Lack of Awareness About Preparation and Storage of Feed
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Rising Concern for Animal Health and Increasing Demand from End-users
Market Leaders and their expansionary development strategies
In May 2022, Indian multinational pharma company Sun Pharmaceutical has acquired the Uractiv portfolio from Fiterman Pharma in Romania. The Uractiv portfolio comprises food supplements including minerals, vitamins and adjuvants; cosmetics and medical devices used for maintaining urinary tract health.This acquisition is in line with our strategy to further expand our non-prescription product basket in Romania and neighbouring markets
In August 2023, Gramik has launched a range of cattle feed supplements. The new range of products is launched with a vision to help the livestock farmers of India gain an edge in the industry to make acquiring quality cattle food supplements accessible at affordable prices.
Key Target Audience
Mineral Feed Supplements Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.