Global Trace Minerals in Feed Market, By Type (Iron, Zinc, Manganese, Copper, Cobalt, Chromium, Other Types), Chelate Type (Amino Acids, Proteinates, Polysaccharides, Other Chelate Types), Application (Ruminants, Swine, Poultry, Aquaculture), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, 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, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Trace Minerals in Feed Market
Trace minerals in feed market is expected to reach at an estimated value of 644.37 million and grow at a CAGR of 5.60% in the forecast period 2021 to 2028. Increase in the production of compound feed is the major factor driving the growth of trace minerals in feed market in the forecast period of 2021-2028.
Trace minerals are also termed as micro minerals, they are very essential minerals which should be consumed by the human body with the source of food, but, unlike macro minerals, we only need a very small amount of trace minerals in our diet. However, the trace minerals are needed in tiny doses, they are still very crucial to our health and development of the body. The daily recommended allowance for most trace minerals is between .2 and 15 milligrams.
Increase in demand for animal protein in human diets is the vital factor escalating the market growth, also rising importance of animal nutrition in livestock production, rising use of water-soluble natural feed-added substances, rising meat consumption, rising development of animal feed industry across the globe, rising shift in food consumption patterns, that comprise favoring proteins from animal sources and rising demand of animal based products due to increase in disposable income are the major factors among others driving the growth of trace minerals in feed market. Moreover, rise in the bioavailability of trace minerals, rising market for specialty feed ingredients and rising shift toward natural growth promoters (NGPs) due to the increase in awareness pertaining to feed and food safety will further create new opportunities for trace minerals in feed market in the forecast period of 2021- 2028.
However, rising stringent regulatory framework governing the permissible limits of certain minerals in feed product, increased cost of products along with rising research and development cost are the major factors among others acting as restraints, while increased prices associated with trace minerals as an additive will further challenge the growth of trace minerals in feed market in the forecast period mentioned above.
This trace minerals in feed market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 trace minerals in feed market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Trace Minerals in Feed Market Scope and Market Size
Trace minerals in feed market is segmented on the basis of type, chelate type and application. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- Based on type, the trace minerals in feed market has been segmented into Iron, zinc, manganese, copper, cobalt, chromium and other types.
- Based on chelate type, the trace minerals in feed market has been segmented into amino acids, proteinates, polysaccharides and other chelate types.
- The trace minerals in feed market is also segmented on the basis of application into ruminants, swine, poultry and aquaculture.
Global Trace Minerals in Feed Market Country Level Analysis
Trace minerals in feed market is analyses and market size, volume information is provided by country, type, chelate type and application as referenced above.
The countries covered in trace minerals in feed market report are the U.S., Canada, Mexico in North America, Germany, Poland, Ireland, 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, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA)
Europe dominates the trace minerals in feed market due to the rising demand for trace minerals in animal nutrition due to factors such as cost-effectiveness, availability, policies, and regulation, rising favorable conditions, such as rules pertaining to the use of feed materials, increased requirements for feed hygiene, and regulations pertaining to undesirable substances in feed set by the European Commission in this region.
The country section of trace minerals in feed market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Trace Minerals in Feed Market Share Analysis
Trace minerals in feed market report 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 trace minerals in feed market report.
The major players covered in the trace minerals in feed market report are BASF SE, Alltech., ADM, Biochem Zusatzstoffe Handels, Cargill, Incorporated, Kemin Industries, Inc., NOVUS INTERNATIONAL, Nutreco N.V., pancosma, DSM, Zinpro Corporation., Vamso Biotec Pvt. Ltd., Tanke, Phibro Animal Health Corporation, Green Mountain Nutritional Services Inc., VETLINE (A Division Of Simfa Labs Pvt Ltd )., Dr. Eckel Animal Nutrition GmbH & Co. KG, Veterinary Professional Services Ltd, LALLEMAND Inc., Global Nutrition International and QualiTech among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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