Global Animal Feed Organic Trace Minerals Market Growth 2023-2029

Global Animal Feed Organic Trace Minerals Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Animal Feed Organic Trace Minerals Industry Forecast” looks at past sales and reviews total world Animal Feed Organic Trace Minerals sales in 2022, providing a comprehensive analysis by region and market sector of projected Animal Feed Organic Trace Minerals sales for 2023 through 2029. With Animal Feed Organic Trace Minerals sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Animal Feed Organic Trace Minerals industry.

This Insight Report provides a comprehensive analysis of the global Animal Feed Organic Trace Minerals landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Animal Feed Organic Trace Minerals portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Animal Feed Organic Trace Minerals market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Animal Feed Organic Trace Minerals and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Animal Feed Organic Trace Minerals.

The global Animal Feed Organic Trace Minerals market size is projected to grow from US$ 464 million in 2022 to US$ 650.3 million in 2029; it is expected to grow at a CAGR of 650.3 from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Animal Feed Organic Trace Minerals market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Zinc
Iron
Copper
Selenium
Others

Segmentation by application
Dairy Cattle
Poultry
Horses
Pigs
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Alltech
Archer Daniels Midland
Royal DSM NV
Nutreco N.V. Expansions & investments

Key Questions Addressed in this Report

What is the 10-year outlook for the global Animal Feed Organic Trace Minerals market?

What factors are driving Animal Feed Organic Trace Minerals market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Animal Feed Organic Trace Minerals market opportunities vary by end market size?

How does Animal Feed Organic Trace Minerals break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.