Animal Feed Micronutrients market

Animal feed micronutrients Market
Global Animal Feed Micronutrients Market was worth USD 1391.41 Million in
2018 and is expected to reach USD 1870.82 Million by 2023 with a CAGR of 6.1 %.
The Animal Feed Micronutrients Market is observed to be developing at a
significant pace, because of the rising populace resulting in rising demand for
meat and an inclination of customers towards the healthy food, over the globe.
Animal Feed Micronutrients market incorporates minerals such as zinc, iron,
magnesium, copper, and others utilized for Livestock. Animals require
micronutrients in the appropriate amounts to improve lactation, development, and
reproduction. Irregularity or insufficiencies may bring about suboptimal
performance and poor health of the Animal. Micronutrients are the source of
vitality, protein, minerals, and vitamins. They perform multifaceted functions in
Animal production and growth and furthermore contribute in catalyst system
operations.
Rising interest of owning pet animals, growing expenses on animal wellbeing and
wellness combined with success of animal feed micronutrients in development
and fertility of the animals are some of the major factors driving the animal feed
micronutrients market. Furthermore, the rising demand for animal protein from
milk and meat delivering cattle combined with recent illness epidemic in cattle is
further driving the animal feed micronutrients market.
The critical dosage use of animal feed micronutrients and dearth of awareness
about the advantages of micronutrients among uneducated and poor farmers are
major factors restraining the animal feed micronutrients industry.
Based on different types of Animal Feed Micronutrients, Market is segmented into
Zinc, Iron, Manganese, Copper, and Others. Based on use of Animal Feed
Micronutrients by different livestock, Market is segmented into Ruminant, Poultry,
Aqua, Swine, Equine and others.
Geographically, this market is further segmented in to North America, Europe,
Asia-Pacific, Latin America and Middle East & Africa. Asia-Pacific is the largest
market because of its rapid economic growth and large population. Asia-Pacific is
also the fastest growing region during the forecast period. Meanwhile, North
America is growing at a substantial CAGR is likely to be the second largest market
by the end of the forecast period.
Major companies operating in the global market include Archer Daniels Midland
Company (ADM), Balchem Corp., Lallemand Inc, Alltech Inc., Cargill Inc., Novus
International Inc., Kemin Industries Inc., Zinpro Corporation, Nutreco N.V. and
Qualitech Inc.
TABLE OF CONTE
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
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