The Latin America animal feed organic trace minerals market is witnessing a significant growth driven by rising demand for natural and sustainable products. Farmers and animal owners prioritize animal health and nutrition, benefiting from improved performance and immunity with organic trace minerals. Favorable government regulations and consumer awareness further boost the adoption of these supplements. Technological advancements and export opportunities contribute to the market's positive trajectory. With eco-friendly farming practices and a competitive edge for feed manufacturers, organic trace minerals are nourishing livestock and promoting sustainable agriculture in the region.
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Data Bridge Market Research analyses that the Latin America Animal Feed Organic Trace Minerals Market is expected to grow with a CAGR of 7.3% in the forecast period of 2022 to 2029. The increasing consumer awareness and preference for organic and natural products extend to animal feed, leading to a rise in the demand for organic trace minerals.
Key Findings of the Study
Improved animal performance is expected to drive the market's growth rate
Organic trace minerals play a crucial role in improving animal performance by promoting efficient nutrient absorption and utilization. These minerals strengthen the animal's immune system, reducing the risk of diseases and enhancing overall health. As a result, livestock demonstrate increased growth rates, higher feed conversion efficiency, and better reproductive performance. With improved productivity and healthier animals, farmers can achieve higher profitability in their operations, contributing to the success of their businesses.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Segments Covered
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Product (Zinc, Copper, Manganese, Iron, and Others), Livestock (Poultry, Swine, Ruminants, and Others).
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Market Players Covered
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DSM (Netherlands), Pancosma- an ADM Brand (Switzerland), BASF SE (Germany), Tate & Lyle (U.K.), Techna Group (France), Kemin Industries, Inc. (U.S.), Adisseo (France), Cargill International (U.S.), AB Vista (U.K.), Zinpro Corp. (U.S.), Global Animal Products (U.S.), Jefo (Canada), Norel S.A. (Spain), Alltech (U.S.)
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Countries Covered
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Brazil, Mexico, Argentina, Colombia, Chile and Rest of Latin America.
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Latin America animal feed organic trace minerals market is segmented on the basis of product and livestock.
- On the basis of product, the Latin America animal feed organic trace minerals market is segmented into zinc, copper, manganese, iron, and others.
- On the basis of livestock, The Latin America animal feed organic trace minerals market is segmented into poultry, swine, ruminants, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the major Latin america animal feed organic trace minerals market players in Latin America animal feed organic trace minerals market are Techna Group (France), Kemin Industries, Inc. (U.S.), Adisseo (France), Cargill International (U.S.), AB Vista (U.K.), Zinpro Corp. (U.S.), Global Animal Products (U.S.)
Market Developments
- In 2022, Barentz announced that it had acquired USA-based Ingredients Inc, which is a leading developer and supplier of high-quality ingredients for food and beverage. The acquisition has helped the company expand its business in the U.S. and generated more revenue.
- In September 2020, Framelco Group (Netherlands), a feed additive manufacturer, was acquired by Bluestar Adisseo Company. The company focuses on contributing to the expansion of the speciality product segment through this strategy, aiming to become one of the industry leaders in the specialty feed ingredients market for animal nutrition.
- In July 2020, Kemin Industries unveiled architectural designs for a new quality control laboratory (QC lab) erected on-site at its Des Moines, Iowa, headquarters (US). Kemin's superior analytical capabilities ensure potential production activity and product specificity.
Regional Analysis
Geographically, the countries covered in the Latin America animal feed organic trace minerals market report are Brazil, Mexico, Argentina, Colombia, Chile and Rest of Latin America.
For more detailed information about the Latin America animal feed organic trace minerals market report, click here – https://www.databridgemarketresearch.com/reports/latin-america-animal-feed-organic-trace-minerals-market
