GLOBAL ELCTROLYTE MIXES IN THE ANIMAL FEED MARKET (2024 - 2030)

In 2023, the Global Electrolyte Mixes in the Animal Feed Market was valued at $313 Billion and is projected to reach a market size of $313 Million by 2030. Over the forecast period of 2024-2030, market is projected to grow at a CAGR of 4.8%. 

Market Overview:

Electrolytes are a mix of acids, bases, or salts, such as sodium, potassium, calcium, magnesium, and chloride. They are regulated in controlled dosages in order to keep the acid-base balance in check within the cells. Sodium is the primary electrolyte present in body fluids and is involved in fluid balance and blood pressure control. They are integral to animals’ health, as, during times of stress and illness, they need to recharge themselves with nutrients and fluids. They can vary in form; positive ions, negative ions, or minerals, which help the body maintain its fluid balance. Fluid balance both at the intracellular (inside cells) and extracellular (between cells) level, occurs when each and every body compartment contains the right amount and concentration of electrolytes and water (heart, brain, eyes, lungs, kidneys, joint fluids, gut, etc). There are more cells present in the gut for immunity compared to in any other area of the body part. Therefore, a healthy digestive tract is a must for animals to maintain a healthy immune system. However, when animals are diagnosed with an illness and become dehydrated, electrolyte therapy helps and leads to restoring fluid balance and lost nutrients.

COVID-19 Impact on the Electrolyte Mixes in Animal Feed Market:

The COVID-19 pandemic is predicted to have a negligible effect on the global electrolyte mixes in the animal feed market. However, offline sales for the electrolyte mixes fell remarkably in 2020 due to strict lockdown and shutdown measures and the closure of malls, retail stores, and supermarkets worldwide. However, online sales gradually increased as customers embraced the channel as a safety measure during the pandemic and maintained the demand-supply chain.

Market Drivers:

Increasing health consciousness among consumers regarding their cattle is boosting the market growth:

The growing health consciousness among consumers is majorly driving market expansion. Electrolytes are important for many bodily processes. They are integral for maintaining blood pressure, hydration, blood sugar levels, and the health of the nerves and muscles. It may be used in situations to prevent an electrolyte imbalance during vomiting and diarrhoea, where major dehydration and electrolyte losses happen. The growth of a healthy and productive animal depends on several macro-minerals like phosphorus, calcium, magnesium, and salt. In the aquaculture and pet food market, inorganic feed minerals are used, which altogether propels the market expansion of electrolyte mixes in the animal feed market in the forecast period.

Increasing disposable income among consumers is bolstering the demand for electrolyte mixes in the animal feed market expanding the global market size:

With the increasing population along with industrialization and constantly rising disposable income level of people, they are getting more and more aware and conscious about the health and life of the cattle, augmenting the demand for supplements such as electrolytes mixes in the global market and expanding the market size. Also, the surge in the adoption of pets may drive the market. The sales are primarily reported to elevate during the summer seasons as the animals are exposed to high temperatures making them more prone to diseases.

The rising capital investments in the research and development sector is drawing opportunities in the global market:

The manufacturers and producers are continuously involved in the research and development of new products and then in the commercialization of these feed electrolytes to offer differentiating products and flavours to maintain their position in the market.

Market Restraints:
The stringent government rules and regulations regarding the usage of electrolytes may hamper the market growth:
The strict and stringent government regulations imposed by officials and authorities of several nations on using some electrolytes and their percentage mixes in feeds may present some obstacles to the global market's expansion.

The high price of raw materials may hinder the growth of the biodiesel market:

The cost of raw materials for electrolytes accounts for approximately 80% - 85% of the total production cost of the mixes. The high price volatility of the raw material threatens its long-term financial stability, resulting in lower profit margins and may hamper the global market growth.

 GLOBAL ELCTROLYTE MIXES IN THE ANIMAL FEED MARKET REPORT COVERAGE:

This research report on the Electrolyte Mixes in Animal Feed Market has been segmented and sub-segmented based on Animal Type, Product Type, Distribution Channel, Region, and Key Companies.

Electrolyte Mixes in Animal Feed Market – By Animal Type

• Swine Feed Electrolytes

• Ruminants Feed Electrolytes

• Poultry Feed Electrolytes

• Fishes Feed Electrolytes

• Domestic Pets Feed Electrolytes

• Horses Feed Electrolytes

• Other Feed Electrolytes

Based on animal type, the electrolyte mixes in the animal feed market have been segmented into 7 segments - Swine Feed Electrolytes, Ruminants Feed Electrolytes, Poultry Feed Electrolytes, Fishes Feed Electrolytes, Domestic Pets Feed Electrolytes, Horses Feed Electrolytes, and Other Feed Electrolytes.

In aquaculture, using electrolyte mixes aids in maintaining the water's electrolyte balance, which can help in enhancing the health and growth rates of farmed fish. It can also treat fish illnesses and improve their defence mechanisms. For aquatic animals to grow healthily, the oxygen level in the water needs to be as close to air saturation as possible. Otherwise, the fish could be killed due to these problems, reducing the overall yield. Therefore, these are the factors it is extensively used in fish feed market.

Electrolyte Mixes in Animal Feed Market – By Product Type

• Macro Nutrients

• Micro Nutrients (Trace Minerals)

Based on the product type, the electrolyte mixes in the animal feed market have been segmented into 2 segments – Macro Nutrients and Micro Nutrients.

Major crucial minerals like Sodium, Chloride, Potassium, Calcium, etc come under the Macro minerals segment and Micro Nutrient elements include Iron, Zinc, Iodine, Copper, etc. Organic micronutrient minerals such as carbon bounded elements have various properties that helps in improving eggshell quality, help cure piglet diarrhoea, and various other useful and necessary functions. They are used in a very small quantities to improve the quality of feed for the animals. Trace minerals have a crucial role in maintaining overall animal health. The rate of absorbing the food rises with the presence of trace minerals in the feed.

Electrolyte Mixes in Animal Feed Market – By Distribution Channel

• Supermarkets/ Hypermarkets

• Convenience Stores

• Pharmacies

• Online Retail

• Others

Based on the distribution channels, the electrolyte mixes in the animal feed market have been segmented into 5 segments – Supermarkets/ Hypermarkets, Convenience Stores, Pharmacies, Online Retail, and Others.

Electrolyte Mixes in Animal Feed Market – By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle-East and Africa

Based on the region, the electrolyte mixes in the animal feed market have been segmented into 5 major regions – North America, Europe, Asia-Pacific, South America, Middle-East, and Africa.

North America holds the largest market share in the electrolyte mixes in the animal feed market in 2022.

Asia Pacific is estimated to hold a larger share of the market for feed electrolytes in the forecast timeline owing to the high production rate of animal feed in the region.

The European electrolyte mixes in the animal feed market are anticipated to emerge and be stronger with total animal production likely to be at over 287 million metric tons in 2021. Nevertheless, due to the decreased production capacity in several European countries, it is estimated that the market for electrolyte mixes in Europe will expand more steadily. The market's global expansion can also be attributed to the rising consumer awareness of production efficiency in the region.
Due to the evident growth in the production of dairy animal feed, the market for electrolyte mixes in the animal feed market in North America is likely to grow more slowly than in South America.

The Middle East and African region are anticipated to grow faster than other regions but linger back in feed consumption per animal. It is predicted to present lucrative opportunities over the forecast period majorly due to Africa's encouraging growth and development.

Electrolyte Mixes in Animal Feed Market – By Companies.

1. Royal DSM

2. Tanke Biosciences Corp

3. Archer Daniels Midland Co.

4. Davidsons Animal Feeds

5. BASF SE

6. DuPont

7. Ingredion Inc

8. Bio Multimin Inc

9. Biochem Lohne Germany