Trace Minerals for Animal Feed Market Size By Application, Industry Analysis Report, Regional Outlook (Europe, North America, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Share & Forecast 2023 - 2030
Organic trace minerals are minerals used in small quantities, which are formed by attaching inorganic trace minerals to organic molecules such as amino acids or polysaccharides. The organic molecules used in the formation of organic trace minerals are called chelates. Though only small quantities of organic trace minerals are added to animal feed, they play an important role in maintaining the animals health. The chelates in these minerals prevent the trace minerals from interacting with other minerals and feed components in the animals bodies, thereby enhancing the absorption of the trace minerals. The bioavailability of organic trace minerals is higher than that of inorganic trace minerals. As a result, organic trace minerals are increasingly preferred over inorganic trace minerals in the animal feed segment.
Increasing meat consumption is important driver of this industry. Meat is one of the major sources of proteins. A shift in the food consumption pattern, which includes favoring proteins derived from animal sources is playing a key role in the growth of meat consumption globally. This, in turn, is anticipated to have a positive impact on the organic trace minerals industry.
The global organic trace minerals for animal feeds market accounted for the majority market share in Europe during 2017 due to the increasing demand for cattle mineral feed in the region. Consumers are increasingly shifting toward the consumption of organic meat over conventional meat due to the increased health concerns. This in turn, will boost the adoption of organic trace minerals for animal supplements in the region throughout the predicted period.
The Global Trace Minerals for Animal Feed Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023-2030.
In the global Trace Minerals for Animal Feed Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
Kemin
Novus
Pancosma
Zinpro
Cargill
Archer Daniels Midland
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Iron
Zinc
Copper
Others
In Market segmentation by applications :
Ruminant
Poultry
Aquatic Animals
Others
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Trace Minerals for Animal Feed Market for the forecast period 2023-2030?
• What are the driving forces in the Trace Minerals for Animal Feed Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Trace Minerals for Animal Feed industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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