The global animal feed organic trace minerals market size reached US$ 758.0 Million in 2023. Looking forward, the publisher expects the market to reach US$ 1.30 billion by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2023-2032.
Animal feed organic trace minerals include essential nutrients, such as iron, copper, manganese, zinc, and selenium, that are used in animal feed production. They are incorporated in small quantities to improve the feed quality and boost animal health. Animal feed organic trace minerals enhance animals' immunity and metabolism while improving the fertility rate. As compared to inorganic trace minerals, organic trace minerals are a bioavailable source and help in achieving the same production goals by feeding small amounts of nutrients from organic sources. As a result, these minerals are commonly used for pets, swine, dairy cattle, beef, and aquaculture animals.
Furthermore, the implementation of various government initiatives, such as the ban on the use of synthetic and inorganic trace minerals containing heavy contaminants in feed products, is acting as another growth-inducing factor. Moreover, the growing demand for processed meat products, such as ready-made meals, due to their enhanced nutritional value, safety, and versatility, is positively influencing the market growth. Other factors, including the increasing efforts to produce healthy livestock, rising consumption of minerals for better metabolic processes, and significant growth in the animal feed industry, are supporting the market growth.
2. What is the expected growth rate of the global animal feed organic trace minerals market during 2024-2032?
3. What are the key factors driving the global animal feed organic trace minerals market?
4. What has been the impact of COVID-19 on the global animal feed organic trace minerals market?
5. What is the breakup of the global animal feed organic trace minerals market based on the trace element type?
6. What is the breakup of the global animal feed organic trace minerals market based on the animal type?
7. What are the key regions in the global animal feed organic trace minerals market?
8. Who are the key players/companies in the global animal feed organic trace minerals market?
Animal feed organic trace minerals include essential nutrients, such as iron, copper, manganese, zinc, and selenium, that are used in animal feed production. They are incorporated in small quantities to improve the feed quality and boost animal health. Animal feed organic trace minerals enhance animals' immunity and metabolism while improving the fertility rate. As compared to inorganic trace minerals, organic trace minerals are a bioavailable source and help in achieving the same production goals by feeding small amounts of nutrients from organic sources. As a result, these minerals are commonly used for pets, swine, dairy cattle, beef, and aquaculture animals.
Animal Feed Organic Trace Minerals Market Trends:
The increasing meat consumption across the globe is creating a positive outlook for the market. In line with this, the rising consumer awareness and inclination toward high-protein foods, such as chicken, pork, and eggs, in their daily diets are favoring the market growth. Additionally, the growing demand for trace organic minerals in animal feed due to the rising concerns about environmental pollution caused by the extensive use of chemicals in agriculture is favoring the market growth. Apart from this, the utilization of zinc and amino acids to strengthen eggshells in poultry and copper to improve the fertility of eggs is providing an impetus to the market growth.Furthermore, the implementation of various government initiatives, such as the ban on the use of synthetic and inorganic trace minerals containing heavy contaminants in feed products, is acting as another growth-inducing factor. Moreover, the growing demand for processed meat products, such as ready-made meals, due to their enhanced nutritional value, safety, and versatility, is positively influencing the market growth. Other factors, including the increasing efforts to produce healthy livestock, rising consumption of minerals for better metabolic processes, and significant growth in the animal feed industry, are supporting the market growth.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global animal feed organic trace minerals market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on trace element type and animal type.Breakup by Trace Element Type:
- Zinc
- Iron
- Copper
- Manganese
- Selenium
- Others
Breakup by Animal Type:
- Dairy Cattle
- Beef
- Poultry
- Swine
- Aquaculture
- Pets
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alltech, Archer-Daniels-Midland Company, BASF SE, Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH, Cargill Incorporated, Kemin Industries Inc., Koninklijke DSM N.V, Novus International Inc. (Mitsui & Co. Ltd.), Nutreco N.V., Orffa Additives B.V., QualiTech and Zinpro Corporation.Key Questions Answered in This Report
1. How big is the global animal feed organic trace minerals market?2. What is the expected growth rate of the global animal feed organic trace minerals market during 2024-2032?
3. What are the key factors driving the global animal feed organic trace minerals market?
4. What has been the impact of COVID-19 on the global animal feed organic trace minerals market?
5. What is the breakup of the global animal feed organic trace minerals market based on the trace element type?
6. What is the breakup of the global animal feed organic trace minerals market based on the animal type?
7. What are the key regions in the global animal feed organic trace minerals market?
8. Who are the key players/companies in the global animal feed organic trace minerals market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Animal Feed Organic Trace Minerals Market
6 Market Breakup by Trace Element Type
7 Market Breakup by Animal Type
8 Market Breakup by Region
9 SWOT Analysis
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Alltech
- Archer-Daniels-Midland Company
- BASF SE
- Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH
- Cargill Incorporated
- Kemin Industries Inc.
- Koninklijke DSM N.V
- Novus International Inc. (Mitsui & Co. Ltd.)
- Nutreco N.V.
- Orffa Additives B.V.
- QualiTech
- Zinpro Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 0.76 Billion |
| Forecasted Market Value ( USD | $ 1.3 Billion |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
