Trace Minerals for Animal Feed Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Global Trace Minerals for Animal Feed Market: Overview
Trace minerals are essential minerals found in a variety of animal and plant foods. They can enable the body to carry out regulatory and structural functions. As the name suggests, they are present in small amounts in the body which needs less than 100 milligrams of those per day. Fine-tuned supply of trace minerals can enable to improve performance and health of livestock; an adequate feed formulation in micro nutrients adds to the productivity of the animal husbandry and also the production chain. Some such trace materials are zinc, copper, iron, and selenium. At present, zinc is seeing maximum demand due to its ability to boost metabolism and immunity of animals.
Global Trace Minerals for Animal Feed Market: Drivers and Restraints
The growing meat consumption worldwide, both on account of rising population and changing eating patterns of people, is the main driver of demand for trace minerals for animal feed. These minerals serve to activate crucial enzymes and hormones needed for metabolic processes in cattle. They can also play a role in boosting immunity, overall health, and skeletal development. Apart from this, increasing spends on research and development activities to come up with better products is positively influencing the market as well.
Such efforts have resulted in the emergence of animal feed with organic trace minerals. Similarly emergence of water-soluble organic feed containing organic trace minerals and multivitamins has also opened up new growth avenues for the market.
Growing occurrences of disease outbreaks, such as avian influenza (AI) in poultry and turkey have increased the demand for these minerals.
Global Trace Minerals for Animal Feed Market: Trends and Opportunities
Trace minerals find usage in feeds of various kinds of livestock. Those include poultry, dairy cattle, pigs, and horses, among others. Currently, the segment of poultry is the largest consumer of the trace minerals as food additive. This is particularly on account of the rising demand for chickens, broilers, and turkeys from major food growing nations such as India, China, and Brazil. However, going forward, rising demand for pork will make the segment of pigs rise at the fastest pace.
Global Trace Minerals for Animal Feed Market: Regional Analysis
North America, powered by the U.S., at present accounts for a substantial share in the market. The U.S. has emerged as the largest consumer of pork and poultry in the world and this has been the single most important driver of the market in the region. Besides, the nation is also home to numerous producers of feed and organic trace minerals – another factor which has supported the market. Zinc, whose consumption can bolster the reproductive capacity and immunity of animals, is the leading contributor to the market for trace minerals for animal feed in the region.
Other key markets are China and Brazil, which have large animal husbandry industry and import considerable amounts of meat to other parts of the world. Meanwhile, China with its large population size is also a prominent consumer of meat which in turn has served to boost its revenue. Europe too is a prominent players due to the substantial size of its dairy industry, alongside the meat processing industry. Both has necessitated demand for healthy livestock which can be achieved with trace minerals added to animal fodder.
Global Trace Minerals for Animal Feed Market: Competitive Landscape
Cargill Inc., Archer Daniels Midland Co., Alltech, Inc., and Royal DSM NV are to name a few of the prominent participants in the global market for trace minerals for animal feed.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report