Global Animal Feed Organic Trace Minerals Market to Reach $1.7 Billion by 2030
The global market for Animal Feed Organic Trace Minerals estimated at US$1.1 Billion in the year 2023, is expected to reach US$1.7 Billion by 2030, growing at a CAGR of 6.3% over the analysis period 2023-2030. Zinc, one of the segments analyzed in the report, is expected to record a 7.3% CAGR and reach US$619.8 Million by the end of the analysis period. Growth in the Iron segment is estimated at 6.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $291.3 Million, While China is Forecast to Grow at 10.2% CAGR
The Animal Feed Organic Trace Minerals market in the U.S. is estimated at US$291.3 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$429.3 Million by the year 2030 trailing a CAGR of 10.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 4.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$249.7 Million by the year 2030.
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