Global Feed Electrolytes Market - 2022-2029

Global Feed Electrolytes Market - 2022-2029

Market Overview

Electrolytes in animal feed are vital nutrients that support animal health. Minerals with an electric charge are known as electrolytes. They aid in controlling various bodily processes, such as fluid balance and muscle contraction. For animals to stay healthy and function properly, their feed must contain a variety of electrolytes. The global feed electrolytes market is expected to grow in the forecast period owing to the numerous health advantages connected with their consumption. Increasing awareness of the necessity of electrolytes in animal diets is anticipated to be one of the key drivers for this market over the forecast period. Since they are a significant source of minerals in the diets of animals, feed electrolytes are in higher demand.

The global feed electrolytes market was valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of YY% during the forecast period (2022-2029)

Market Dynamics: The market is expanding primarily due to the increased demand for mineral-rich animal feed

The growth of healthy and productive animals depends on macro-minerals like phosphorus, calcium, magnesium, and salt. For monogastric animals like pigs (including sows and piglets), chickens (broilers, layers), and horses, inorganic feed minerals are frequently used in feed formulations. As well as in aquaculture and pet food, inorganic feed minerals are used, which fuels the market expansion in the forecast period.

On the other hand, growing health consciousness drives market expansion. Electrolytes are necessary for many bodily processes. They are essential for maintaining blood pressure, hydration, and the health of the nerves and muscles. Supplementation may be useful to prevent an electrolyte imbalance during episodes of vomiting and diarrhea, where dehydration and electrolyte losses happen.

The strict government regulations on using some electrolytes and their percentages in feeds are just one example of a few obstacles to the market's expansion. The rising cost of raw materials is also hampering the market's expansion.

Market Segmentation: The aquaculture segment accounted for the highest share of the global feed electrolytes market

In aquaculture, using feed electrolytes helps maintain the water's electrolyte balance, which can enhance the health and growth rates of farmed fish. Feed electrolytes can also treat fish illnesses and strengthen their defense mechanisms. For fish to grow healthily, the oxygen level in the water needs to be as close to air saturation as possible. If the oxygen level falls below 4 mg/l, the fish may stop feeding, become stressed, and lose electrolytes. The fish could perish due to these problems, reducing the yield. So, to stop the falling fish yield, the farmers purchase the feed electrolytes in large quantities to feed the fish.

On the other hand, electrolytes are crucial minerals that are added to poultry feed or water to support proper health and growth. The electrolytes calcium, magnesium, sodium chloride (NaCl), and potassium citrate are the most frequently used types in poultry feed.

Geographical Penetration: Asia Pacific is the dominating region during the forecast period

Due to higher animal feed production in the region, Asia Pacific is predicted to hold a larger share of the market for feed electrolytes. The European feed electrolytes market appears to be stronger, with the total animal production estimated at over 250 million metric tons in 2016. However, due to reduced production capacity in several European nations, it is anticipated that the market for feed electrolytes in Europe will expand more slowly. For the animals to produce high-quality output, there is a constant need for mineral-rich feed. Additionally, the market is being further expanded by the country's growing population and shifting food preferences. Because people prefer wholesome, nutritious food, the market is expanding along with rising living standards. The market's expansion has also been accelerated by the rising consumer awareness of product efficiency.

On the other hand, due to the apparent growth in the production of dairy animal feed, the market for feed electrolytes in North America is predicted to expand more slowly than in Latin America. The Middle East and Africa are anticipated to grow faster than other regions but lag in feed consumption per person. The Middle East & Africa region is anticipated to present a sizable opportunity over the forecast period, however, due to Africa's encouraging growth.

Competitive Landscape

There are several established participants in the industry and local manufacturers; hence, the market is fragmented. Some major key players include Royal DSM, Tanke Biosciences Corp, Archer Daniels Midland Co., Archer Daniels Midland Co., Davidsons Animal Feeds, BASF SE, DuPont, Ingredion Inc, Bio Multimin Inc, and Biochem Lohne Germany. The primary growth strategies used by these participants to maintain their presence include innovative trends and developments, product portfolio intensification, mergers and acquisitions, collaborations, new product innovation, and geographic expansion. For instance, on April 1st, 2018, the electrolyte brand Avilyte from Avitech Nutrition was relaunched in two forms: Avilyte FS, a feed supplement, and Avilyte WS, a water-soluble product. On the other hand, On 14th August 2020, A new electrolyte complex called MetaLyt was introduced by Perfect Products, the market leader in Performance Formulas for equine athletes. It supports the electrolyte balance of hard-working horses. With a blend of electrolytes that includes sodium chloride to promote water consumption after exercise, potassium chloride to maintain hydration balance, magnesium for nervous system function, and calcium to support the horse's metabolic systems, MetaLyte outperforms competing products in this category.

COVID-19 Impact Positive impact on the global feed electrolytes market

The COVID-19 pandemic's onset is anticipated to have a negligible effect on the overall expansion of the global electrolyte market. The demand for electrolyte mixes was gradually increasing in 2020 across the globe as more consumers became aware of the value of electrolytes and their part in enhancing general fitness. However, offline sales fell significantly in 2020 due to strict lockdown measures and the closure of malls, retail stores, and supermarkets worldwide. However, online sales gradually increased over the first two quarters of 2020 as customers embraced the channel as a safety measure during the pandemic.

The global feed electrolytes market report would provide an access to approximately 61 market data tables, 57 figures and 170 pages