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Global Animal Feed Organic Trace Minerals Market – Industry Trends and Forecast to 2029

  • Food & Beverage
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Animal Feed Organic Trace Minerals Market, By Product (Zinc, Iron, Copper, Selenium, Others), Application (Dairy Cattle, Poultry, Horses, Pigs, Others) – Industry Trends and Forecast to 2029.

Animal Feed Organic Trace Minerals Market

Global Animal Feed Organic Trace Minerals Market Analysis and Size

According to the Food and Agriculture Organization (FAO), demand for food goods would increase by 60% by 2050, while demand for animal protein will increase by 1.7 percent every year. It is also expected that meat, aquaculture, and dairy product output will expand. These countries' demand for chicken and red meat has been increasing, contributing to the market's expansion. This has further prompted the market's development, which positively affects the market's growth.

  • Global Animal Feed Organic Trace Minerals Market was valued at USD 686.65 million in 2021 and is expected to reach USD 1358.18 million by 2029, registering a CAGR of 8.9% during the forecast period of 2022-2029. The "zinc" accounts for the largest product segment in the animal feed organic trace minerals market within the forecasted period owing to the growing demand for animal feed as it enhances the immunity and metabolism of animals. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Global Animal Feed Organic Trace Minerals Market Definition

Organic trace minerals are basically used in small quantity to improve the quality of food/ feed. Trace minerals have an important function in animal health. The inclusion of trace minerals in the meal enhances the rate of absorption. Organic trace minerals are preferred over inorganic trace minerals because of their health benefits and impact on feed flavour.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Product (Zinc, Iron, Copper, Selenium, Others), Application (Dairy Cattle, Poultry, Horses, Pigs, Others)

Countries Covered

U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa

Market Players Covered

 Cargill, Incorporated (U.S.), ADM (U.S.), BASF SE (Germany), Bluestar Adisseo Co., Ltd (China), DSM (Netherlands), Nutreco (Netherlands), Alltech (U.S.), Zinpro Corp (U.S.), Orffa (Netherlands), Novus International (U.S.), Kemin Industries, Inc. (U.S.), Lallemand, Inc. (Canada), Virbac (France),  Global Nutrition International (U.S.), Dr. Paul Lohmann Gmbh & Co. KGAA (Germany), Biochem Zusatzstoffe Handels (Germany),  Merck & Co., Inc. (U.S.), Chemlock Nutrition (U.S.), Biorigin (Brazil), Tanke (China), JH Biotech, Inc. (U.S.), QualiTech  (U.S.)

Market Opportunities

  • Growing trend for luxury as well as premium beverage
  • Surging consumer awareness regarding the organic products
  • Several e-commerce mediums and celebrities endorsing the product

Animal Feed Organic Trace Minerals Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Increased Demand for Animal Feed Organic Trace Minerals 

The prevalence of high feed quality in animal nutrition, rising demand of meat and dairy products, and the rising consumption of minerals for better metabolic process are projected to be the most significant factors driving the growth for this market.

  • Surging Awareness

The major element driving the market's growth is the growing awareness related to the importance of optimal nutritional needs for animals among farmers and feed manufacturers. Additionally, the increased veterinarian nutrition awareness has prompted the use of high-quality feed additives to improve gut health and yield, resulting in an increase in the usage of organic trace minerals, which is estimated to bolster the market's overall growth.

Furthermore, the factors such as the increase in disposable income,  limited availability of land and water resources for animal feed production, high demand for consumption of sea food and meat along with the expansion of animal feed industry, further increases the demand for organic and premium products fuels the market growth. Also, growing concerns about environmental pollution caused due to intensive use of chemicals in the agriculture industry increase demand for purified or organic sources for proper nutrition, which also cushions the market's growth within the forecasted period.

Opportunities

  • Rising Popularity Of Natural Feed And Shift In Food Patterns

The optimal wellbeing, immunity and skeletal development are estimated to generate lucrative opportunities for the market, which will further expand the animal feed organic trace minerals market's growth rate in the future. Additionally, the rising popularity of water-soluble natural feed-added substances and shift in food consumption patterns towards proteins from animal sources are projected to offer numerous growth opportunities within the market.

Restraints/Challenges Global Animal Feed Organic Trace Minerals Market

  • Prevalence of Animal Disease

However, an increase in animal diseases such as Avian Influenza (AI) is expected to stifle overall growth. In the event of a disease epidemic, poultry is one of the most vulnerable sectors. This factor will hamper the growth of market over forecasted period.

  • High Cost

Also, the high cost of products and rising research and development costs are projected to be a challenge for the animal feed organic trace minerals market over the forecast period.

This animal feed organic trace minerals market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the animal feed organic trace minerals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Post Covid-19 Impact on Animal Feed Organic Trace Minerals Market

The influence of COVID-19 on feed consumption has had a direct impact on meat and livestock products and byproducts, such as milk and eggs. This is primarily due to feed supply constraints as a result of many facilities being shut down and the bulk of important countries being placed on complete lockdown. Furthermore, fear of the virus (COVID-19) being transmitted to humans through ingestion has heightened skepticism among consumers regarding the consumption of poultry products. As a result, the global demand for animal feed has decreased. However, trace minerals, such as zinc, are critical in the diets of both animals and humans for optimal health. The trace minerals selenium, copper, manganese, and zinc are required by the body and play a role in animal adaptive and innate immunological processes. Fédération Européenne Des Fabricants D'aliments Composés (FEFAC) has encouraged the EU Commission to include feed as an essential good in the EU COVID-19 rules, which might be critical for sustaining the feed supply chain's proper functioning and preventing shortages of important nutrients for livestock. Feed supplies have previously been added to the list of essential products in countries such as Spain, Italy, and Belgium.

Additionally, the situation is improving owing to decline in COVID cases worldwide and the market is picking up speed and will expand throughout the projection period. Therefore, the market is estimated to grow at a substantial pace post COVID-19.

Recent Developments

  • 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.

Global Animal Feed Organic Trace Minerals Market Scope

The animal feed organic trace minerals market is segmented on the basis of product and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Zinc
  • Iron
  • Copper
  • Selenium
  • Others

On the basis of product, the animal feed organic trace minerals market is segmented into zinc, iron, copper, selenium and others. Zinc is estimated to account for the largest market share due to growing demand for animal feed as it enhances the immunity and metabolism of animals.

Application

  • Dairy Cattle
  • Poultry
  • Horses
  • Pigs
  • Others

On the basis of application, the animal feed organic trace minerals market is segmented into dairy cattle, poultry, horses, pigs and others.

Animal Feed Organic Trace Minerals Market Regional Analysis/Insights

The animal feed organic trace minerals market is analyzed and market size insights and trends are provided by country, product and application as referenced above.

The countries covered in the animal feed organic trace minerals market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).

Asia-Pacific dominates the animal feed organic trace minerals market because of the growing meat industry along with prevalence of manufacturers within the region. North America is expected to witness significant growth during the forecast period of 2022 to 2029 due to the surging demand of meat in the industry along with growth of dairy cattle sectors within the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.    

Competitive Landscape and Animal Feed Organic Trace Minerals Market Share Analysis

The animal feed organic trace minerals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to animal feed organic trace minerals market.

Some of the major players operating in the animal feed organic trace minerals market are

  • Cargill, Incorporated (U.S.)
  • ADM (U.S.)
  • BASF SE (Germany)
  • Bluestar Adisseo Co., Ltd (China)
  • DSM (Netherlands)
  • Nutreco (Netherlands)
  • Alltech (U.S.)
  • Zinpro Corp (U.S.)
  • Orffa (Netherlands)
  • Novus International (U.S.)
  • Kemin Industries, Inc. (U.S.)
  • Lallemand, Inc. (Canada)
  • Virbac (France)
  • Global Nutrition International (U.S.)
  • Dr. Paul Lohmann Gmbh & Co. KGAA (Germany)
  • Biochem Zusatzstoffe Handels (Germany)
  • Merck & Co., Inc. (U.S.)
  • Chemlock Nutrition (U.S.)
  • Biorigin (Brazil)
  • Tanke (China)
  • JH Biotech, Inc. (U.S.)
  • QualiTech (U.S.)

Research Methodology : Global Animal Feed Organic Trace Minerals Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-animal-feed-organic-trace-minerals-market

Customization Available : Global Animal Feed Organic Trace Minerals Market

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The Animal Feed Organic Trace Minerals Market is Expected to Show a Value of USD 1358.18 million by 2029.
The Animal Feed Organic Trace Minerals Market is Estimated to Register a CAGR of 8.9% During the Forecast Period of 2022 to 2029.
The Major Companies Operating in the Animal Feed Organic Trace Minerals Market are Cargill, Incorporated (U.S.), ADM (U.S.), BASF SE (Germany), Bluestar Adisseo Co., Ltd (China), DSM (Netherlands), Nutreco (Netherlands), Alltech (U.S.), Zinpro Corp (U.S.), Orffa (Netherlands), Novus International (U.S.), Kemin Industries, Inc. (U.S.), Lallemand, Inc. (Canada) and Virbac (France).
The Countries Covered in the Animal Feed Organic Trace Minerals Market Report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
The Animal Feed Organic Trace Minerals Market Report Curated by the Data Bridge Market Research Team Includes In-Depth Expert Analysis, Patient Epidemiology, Pipeline Analysis, Pricing Analysis, and Regulatory Framework.