Trace Minerals for Animal Feed Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Single User License $3500

Trace Minerals for Animal Feed Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : September, 2021 | Metals and Minerals

Report Digest


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.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?