Animal Feed Organic Trace Minerals Market: Top Key Players, Trends, Scope and Segmentation, 2025
The
global Animal
Feed Organic Trace Minerals Market size is expected to reach USD 880.2
million by 2025, according to a new report by Grand View Research, Inc. It is
projected to register a CAGR of 8.4% during the forecast period. Increasing
R&D investments by manufacturers like Alltech and Archer Daniels Midland
Co. to reduce the manufacturing cost and to expand the product application is
estimated to boost overall growth.
Minerals
used in traces perform specific functions in different animals. For instance,
zinc helps the formation of eggshell and eggshell membrane in poultry.
Manganese helps in synthesis of fatty acids and cholesterol and formation of
melanin in poultry, while copper helps hatchability and fertility of eggs.
However,
regulations regarding restricting the use of zinc and copper in animal feed
have resulted in promoting the use of these minerals in combination with amino
acids, further estimated to fuel overall market growth. Asia Pacific is
estimated to account for the largest market share in 2025 owing to growth of
meat industry and high demand from countries such as China and India.
However,
Europe and North America are also expected to have a positive impact on growth
of the animal feed organic trace minerals market. As per the International Feed
Industry Federation (IFIF), commercial production of feed takes place in over
130 countries and produces a maximum annual turnover every year. Emerging
animal feed industry is estimated to play a major role in the market growth
over the forecast period.
Animal
Feed Organic Trace Minerals Market Report Highlights
- Zinc
accounted for 35.60% of total market share in U.S. in 2018 and is estimated
to expand at a healthy CAGR over the forecast period owing to its
properties to improve the immunity of animals
- Iron is the
second largest product segment and is estimated to expand at a CAGR of
7.8% in the forthcoming years to come owing to rising awareness regarding
imbalance in tissue metabolism caused due to iron deficiency
- Poultry
sector is estimated to expand at a healthy CAGR over the forecast period
owing to rising demand for animal protein sources and technological
developments for better vaccinations to animals
- Pork segment
is estimated to expand at a CAGR of 7.4% during the projected period owing
to rising demand for high-quality pork, growth in consumption, and the
product being a rich source of protein
- Alltech;
Cargill Inc.; Biochem; and Archer Daniels Midland Co. are some of the
major manufacturers operating in the animal feed organic trace minerals
market. These companies, through strategic initiatives such as expansions,
investments, and partnerships, try to expand their market share and global
presence
Related Reading @ https://www.grandviewresearch.com/blog/animal-feed-organic-trace-minerals-market-size
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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