• 出版社/出版日：Mordor Intelligence / 2020年4月20日
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The global feed minerals market is projected to register a CAGR of 6.5%, over the forecast period (2020-2025).
– Minerals are additives included in the animal feed for optimal growth, development, overall health, and well-being, and for the prevention of diseases in the livestock. Essential trace elements and minerals that are not adequately produced in the body need to be added in the feed externally for better standards and quality of animal-derived products.
– Increasing industrialization of livestock production to meet the increasing demand for animal protein sources is driving the greater focus on optimum nutrition of farm animals, and this trend is expected to provide robust growth to the global feed minerals market, over the forecast period.
Key Market Trends
Increasing Micronutrient Deficiencies
Microminerals occupy a major share of the global feed minerals market, when segmented by type. Microminerals include chromium, cobalt, copper, fluorine, iodine, iron, manganese, molybdenum, selenium, and zinc. The analyses of pastures for microminerals are needed periodically for healthy livestock and animals. Additionally, deficiency may lead to anemia and increased susceptibility to infections. Thus, this may further increase the demand for microminerals in the feed industry. During intensive culture in countries, like Vietnam, fluctuating environmental and water quality conditions can lead to the development of stress situation, which can only be tackled by the inclusion of microelements present in minerals. Thus, this has led to the growing demand for minerals in compound feed used by farmers. These feed, including minerals, are used by farmers in pelleted form, as supplementary feeds. The companies active in the market are engaged in various product innovations to cater to the growing demand for microminerals, globally. For instance, Micronutrients USA and Kemin Industries partnered to introduce IntelliBond® VITAL 5 Cr, which has six trace minerals to the support dairy and beef cattle performance. The inclusion of this product in the Kemin’s product portfolio may provide various growth opportunities for the minerals segment, during the forecast period.
Asia-Pacific Leads the Global Market
Feed production in the Asia-Pacific region suffered a minor setback in 2019, on account of the spread of African Swine Fever, especially in China and the Southeast Asian countries. However, the market remains the largest geogaphic segment in the global feed minerals market.
In China, the animal feed additive industry, currently, is heavily influenced by the governmental initiatives. The country’s efforts to modernize and find efficiencies in its structure and practices, and the increasing demand for meat and animal products to meet the protein needs of the growing population are among the major factors driving the growth of the animal feed additives market.
India is the largest milk producing country, globally. However, milk yields per cow are low, with Indian farmers relying on raw crop residues, such as cotton cake or husks, for feeding their animal. To improve the animal productivity, in order to meet the growing demand for milk, the demand for processed feed is likely to increase in the coming years, thereby, propelling the demand for feed additives in the country.
With a large and growing production base of livestock and a large feed production capacity, the Asia-Pacific region is expected to remain the largest market for Feed Minerals, over the forecast period.
The global feed minerals market is fragmented, with top global and regional players competing fiercely with local manufacturers. Focus on quality through extensive investment in product research and development was the most adopted strategy of the leading players, worldwide. The major investments are directed to product line expansions and innovating new product to retain the existing customer base. The major players in the market are DSM Animal Nutrition, Cargill, Inc., Nutreco NV, BASF SE, and Kemin Industries, among others.
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1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.2 Animal Type
5.2.5 Other Animal Types
5.3.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
5.3.4 South America
184.108.40.206 Rest of South America
5.3.5 Middle East &Africa
220.127.116.11 Saudi Arabia
18.104.22.168 South Africa
22.214.171.124 Rest of Middle Ease & Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Cargill Inc.
6.3.2 BASF SE
6.3.3 Kemin Industries
6.3.4 DSM Animal Nutrition
6.3.5 Nutreco NV
6.3.6 Bio Multimin Inc.
6.3.7 Biochem Lohne
6.3.8 Davidsons Animal Feeds
6.3.9 Mercer Milling Co. Inc.
6.3.10 Novus International Inc.
6.3.11 Pancosma SA
6.3.12 Phibro Animal Health Corporation
6.3.13 QualiTech Corp.
6.3.14 Ridley Inc.
6.3.15 Tanke Biosciences Corp.
6.3.16 Vamso Biotec Pvt. Ltd
6.3.17 Zinpro Corp.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS