The global feed micronutrients market is projected to witness significant growth through 2027 driven by the booming demand for animal products across the globe.

Micronutrients are beneficial in animal diets to promote their health and welfare, and thus, play a major role in the agricultural production of meat, milk, eggs, and fiber. Their deficiency can lead to sub-optimal growth as well as fertility, which has been a key factor stimulating industry expansion in recent years.

The feed micronutrients market has been categorized on the basis of product, livestock, and region. In terms of product, the market has further been divided into vitamins, trace minerals, and others. The trace minerals product segment has been categorized into manganese, iron, zinc, boron, copper, and others.

The iron segment is anticipated to observe significant growth by 2027, progressing at over 6.5% CAGR through the assessment timeframe. Widescale utilization of iron trace minerals for prevention of anemia in domestic animals is set to fuel segmental growth in the coming years.

The zinc segment is estimated to hold nearly 20% share in the global feed micronutrients market by 2027. The copper segment is likely to register a CAGR of approximately 7% through the analysis timeline.

The boron segment is speculated to grow significantly at more than 7.5% CAGR over the study period. The ability of boron trace minerals to improve the immunity of livestock is foreseen to boost segmental demand through 2027. The others trace minerals segment is expected to surpass a valuation of USD 240 million by 2027. Other trace minerals include selenium, iodine, and cobalt.

The vitamins product segment has been divided into vitamin A (retinol), vitamin C, vitamin B, vitamin D, carotenoids, and vitamin E. The vitamin B segment is calculated to grow at approximately 8% CAGR through the review period.

The vitamin A (retinol) segment is set to witness considerable growth at above 5.5% CAGR over the study timeframe. The vitamin C segment is anticipated to see notable growth by 2027. Growing consumption of animal feed premixes and animal nutrition products is slated to propel segmental adoption through the following years.

The vitamin D segment is estimated to hold more than 15% share in the global feed micronutrients market by the end of 2027. The vitamin E segment is projected to expand at a CAGR of nearly 7% over the forecast period. The carotenoids segment holds a share of around 20% in the global feed micronutrients market and is likely to progress at a steady pace over 2021-2027.

Based on livestock, the market has been segregated into aquaculture, poultry, ruminant, equine, and swine. The swine livestock segment holds a sizable share of over 20% in the global feed micronutrients market. The equine livestock segment is speculated to witness strong growth at approximately 5% CAGR through the study timeframe.

By region, Europe accounts for over 25% of the overall market revenue and is calculated to see notable growth by 2027. Meanwhile, the Middle East & Africa feed micronutrients industry is expected to register optimistic growth at around 5.5% CAGR through the forecast period. Mounting demand for meat and dairy products in MEA is set to foster regional market outlook in the future.