Animal Feed Organic Trace Minerals Market: Share, Size, Competitive Strategies and Forecast 2018 – 2024

Global Animal Feed Organic Trace Minerals Market
size to exceed $750 mn by 2024: Global Market
Insights Inc.
The research report “Animal Feed Organic Trace Minerals Market Size By Mineral
(Zinc, Iron, Manganese, Copper), By Livestock (Ruminant, Swine, Poultry),
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends,
Competitive Market Share & Forecast, 2018 – 2024.” says, Animal Feed Organic
Trace Minerals Market size is estimated to exceed USD 750 million by 2024.
Global Animal Feed Organic Trace Minerals Market size was valued at over USD 500
million in 2017 and is anticipated to witness over 5.5% CAGR up to 2024. Dairy & meat
production growth across the globe owing to consistently increasing consumption will
enhance the animal feed organic trace minerals demand. As per FAO, global meat
production is expected to be 16% higher by 2025 compared to 2016. Poultry meat
consumption is the major growth driver in overall meat production. Factors such as
low production costs and lower product prices are anticipated to propel the poultry
meat as a preferred choice for both producers and consumers in developing countries.
Zinc dominated the global animal feed organic minerals market with USD 170 million
in 2017. Improved feed efficiency supporting effective cattle growth will boost the
product demand. Enhanced would healing capabilities along with the advantage of
improved immunity is fueling the industry share.
Ruminants feed organic trace minerals demand will grow at over 6% up to 2024.
Efforts to meet the increasing milk demand globally will boost the product penetration.
Growing read meat consumption along with the willingness to pay more for healthy
meat will positively influence the business expansion.
Europe holds a substantial share in the animal feed organic trace minerals market.
Upsurge in animal feed production to cater the growing market display strong product
outlook in the region. According to Alltech, Europe observed over 28% rise in animal
feed production from 2012 to 2017. Russia's displayed the highest growth at 19% in
2017. Increasing product launches supported by growing consumer awareness will
stimulate the product scope.
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North America Animal Feed Organic Trace Minerals Market, By
Mineral, 2017 & 2024, (Kilo Tons)
Browse key industry insights spread across 300 pages with 354 market data tables &
18 charts & figures from the report, “Animal Feed Organic Trace Minerals Market
Size By Mineral (Zinc, Iron, Manganese, Copper), By Livestock (Ruminant, Pig,
Poultry), Industry Analysis Report, Regional Outlook (U.S, Canada, Germany,
UK, France, Russia, Spain, China, India, Japan, Australia, Indonesia, Thailand,
Malaysia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth
Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in
detail along with the table of contents:
https://www.gminsights.com/industry-analysis/animal-feed-organic-traceminerals-market
Manganese accounted for more than 15% of the global animal feed organic trace
minerals demand in 2017. Key health benefits including regulation of the certain
enzymes, major nutrient for the skeletal development, and maintenance of the
cartilage integrity among the livestock will propel the product demand in the market.
Moreover, surging incidences of deformed calves’ births, including enlarged joints,
dwarfism, and shortening of the nasomaxillary bones in their jaw will further provide
positive scope for the segment growth.
Poultry segment is anticipated to surpass USD 90 million revenue by 2024. High
deformity rates, including thickening and shortening of the long bones, coupled with
malformed leg joints will boost demand in this segment. Increasing egg & meat
consumption owing to its economical, costing as compared to other meat products will
provide more opportunity in the industry. For instance, as per the recent industry
estimates, the global poultry consumption is increasing significantly at a growth rate
of over 4%.
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Asia Pacific animal feed organic trace minerals market will witness over 6% CAGR
from 2018 to 2024. Increasing demand for protein meal in emerging economies,
including India, China, Australia, and Malaysia is likely to propel the meat
consumption. Additionally, high consumption of the chicken in South Asian countries
along with the high preference to pork in North East Asia will further propel regional
industry growth.
Phibro Animal Health, Novus International, Alltech Inc, Zinpro, Royal DSM NV, Cargill,
Archer Daniels Midland, and Nutreco NV are among the major animal feed organic
trace minerals companies. The global industry share is highly consolidated owing to
the presence of few dominating players. Collaborations, mergers & acquisitions, and
product enhancements are among the key strategies to gain significant competitive
share by the major industry players.
Segmentation :
of Animal Feed Organic Trace Minerals Market :
Animal feed organic trace minerals market research report includes indepth
coverage of the industry with estimates & forecast in terms of
volume in Kilo Tons & revenue in USD Million from 2013 to 2024, for the
following segments:
Animal Feed Organic Trace Minerals Market, By Mineral
• Zinc
• Iron
• Manganese
• Copper
• Others (selenium, cobalt, iodine)
Animal Feed Organic Trace Minerals Market, By Livestock
• Ruminant
• Pig
• Poultry
• Others (aquaculture, pets, equine)
The above information is provided on a regional and country basis for the
following:
• North America
• U.S.
• Canada
• Europe
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• Germany
• UK
• France
• Russia
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• Malaysia
• Latin America
• Brazil
• Mexico
• Argentina
• Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
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