Mineral Feed Market Size, Share, Trends |Forecast (2022-27)

Market Overview:

The mineral feed market was worth USD 3.5 billion in 2018, and it is expected to grow at a 4.5% CAGR during the forecast period (2019–2024). In 2018, Asia-Pacific was the largest geographical segment of the market studied, accounting for approximately 31% of the total market.

Protein consumption has increased in Asia-Pacific due to stable economic conditions, urbanization, and lifestyle changes.
The region’s livestock industry has begun to use scientific methods to increase production and ensure a steady supply of meat on the market. This has resulted in increased consumption, which will drive the market during the forecast period.

The meat processing industry’s demand for high-quality meat is expected to increase feed mineral consumption. The market is expected to grow gradually as farmers in developing countries such as India, China, Brazil, Mexico, and South Africa become more aware of its existence.

Scope of the Report:

Minerals are supplements added to animal feed to promote optimal growth, development, overall health and well-being, and disease prevention in livestock. Essential trace elements and minerals that the body does not produce adequately must be added to feed externally to improve the standards and quality of animal-derived products. Along with market expansion, mineral feed manufacturers are focusing on the development of new products.

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