Animal Feed Organic Trace Minerals Market by Manufacturers, Regions(Europe, Asia Pacific, North America and South America), Type and Application, Forecast to 2030 (Recession Impact Analysis)
ID : MRU_
97311 | Date :
Jan, 2023 | Pages :
184 | Region : Global |
Publisher : MRU
The Global Animal Feed Organic Trace Minerals Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
Organic trace minerals have vital role in maintaining animal health. The rate of absorbing the food increases with the presence of trace minerals in the feed, and they improve the nutrient content in animal feed. Growing occurrences of disease outbreaks, such as avian influenza (AI), in poultry and turkey have increased the demand for these minerals. Bioavailability is another factor that differentiates organic and inorganic trace minerals in animal feed. Poultry was the largest consumer of organic trace minerals in animal feed in 2016. The demand for broilers, chickens, and turkeys has witnessed a steady increase, particularly in countries with growing food industries such as China, India, and Brazil, which has played a key role in growing animal feed consumption in these countries.
Asia Pacific dominated the organic trace minerals market in 2016. This region was the largest manufacturer and consumer of feed with China and India accounting for a majority of the share. Favorable demographics, subsidized tax regime in animal husbandry, and improving feed quality were the major driving factors of this market in Asia Pacific.
Europe accounted for 27.7% of the market share in 2016. This region was driven by the growing demand from major animal feed consuming countries including Spain, Germany, the Netherlands, and France. State-of-the-art infrastructure and favorable climatic conditions have helped the region grow in the poultry and pork sectors, consequently boosting the demand for organic trace minerals.
In the global Animal Feed Organic Trace Minerals 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.
This report focuses on Animal Feed Organic Trace Minerals volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Animal Feed Organic Trace Minerals market size by analysing historical data and future prospect.
In Market segmentation by manufacturers, the report covers the following companies-
Alltech
Archer Daniels Midland
Royal DSM NV
Nutreco N.V. Expansions & investments 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 :
Zinc
Iron
Copper
Selenium
Others In Market segmentation by applications :
Dairy Cattle
Poultry
Horses
Pigs
Others
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Animal Feed Organic Trace Minerals Market for the forecast period 2023 - 2030?
• What are the driving forces in the Animal Feed Organic Trace Minerals 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 Animal Feed Organic Trace Minerals 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? Any special requirements about this report, please let us know and we can provide custom report.
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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