Animal Feed Organic Trace Minerals Market

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.
Animal Feed Organic Trace Minerals Market aims to provide a comprehensive presentation of the global market for Animal Feed Organic Trace Minerals, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Animal Feed Organic Trace Minerals. Animal Feed Organic Trace Minerals Market contains market size and forecasts of Animal Feed Organic Trace Minerals in global, including the following market information:
Global Animal Feed Organic Trace Minerals Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Animal Feed Organic Trace Minerals Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Animal Feed Organic Trace Minerals companies in 2022 (%)
The global Animal Feed Organic Trace Minerals market was valued at US$ 488 million in 2022 and is projected to reach US$ 666.7 million by 2029, at a CAGR of 4.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Animal Feed Organic Trace Minerals manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Animal Feed Organic Trace Minerals Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Animal Feed Organic Trace Minerals Market Segment Percentages, by Type, 2022 (%)
Zinc
Iron
Copper
Selenium
Others
Global Animal Feed Organic Trace Minerals Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Animal Feed Organic Trace Minerals Market Segment Percentages, by Application, 2022 (%)
Dairy Cattle
Poultry
Horses
Pigs
Others
Global Animal Feed Organic Trace Minerals Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Animal Feed Organic Trace Minerals Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Animal Feed Organic Trace Minerals revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Animal Feed Organic Trace Minerals revenues share in global market, 2022 (%)
Key companies Animal Feed Organic Trace Minerals sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Animal Feed Organic Trace Minerals sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Alltech
Archer Daniels Midland
Royal DSM NV
Nutreco N.V. Expansions & investments
Outline of Major Chapters:
Chapter 1: Introduces the definition of Animal Feed Organic Trace Minerals, market overview.
Chapter 2: Global Animal Feed Organic Trace Minerals market size in revenue and volume.
Chapter 3: Detailed analysis of Animal Feed Organic Trace Minerals manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Animal Feed Organic Trace Minerals in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Animal Feed Organic Trace Minerals capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.