This report describes the global market size of animal feed organic trace minerals market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and it is expected to grow with a CAGR of 7.6% from 2023 to 2030.
Animal feed Organic trace minerals are necessary minerals that can be found in very small quantities in animal feed. These minerals are linked to organic molecules like polysaccharides and amino acids. The utilisation of organic trace minerals can be found in a wide variety of end-use sectors, such as those dealing with poultry, dairy cattle, horses, and pigs. The expansion can be ascribed to the rising interest in animal feed among consumers. The significant increase in the demand for organic trace minerals that has been induced by the increased consumption of products based on animal feed can be seen around the globe.
Due to the COVID-19 pandemic and Russia-Ukraine war influence, the global market for animal feed organic trace minerals market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 7.6% during the forecast period 2023-2030. North American market for animal feed organic trace minerals Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of XX% during the forecast period of 2023 through 2030.
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report covers following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
The key countries for each region are also included such as United States, China, Japan, India, Korea, Germany, France, UK, Italy, Spain, and Brazil etc.
For competitor segment, the report includes global key players of animal feed organic trace minerals market as well as some small players. The information for each competitor includes:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share
By Product
Zinc
Iron
Copper
Some of the essential minerals included in livestock feed are zinc, copper, iron, selenium, and others including manganese and cobalt. Growing demand for animal fodder globally is anticipated to drive the market for animal feed organic trace minerals. The zinc segment dominated the market with a revenue share of 33.8% in 2022. This is attributable to its ability to improve the immunity of animals and increases metabolism.
By Application
Dairy Cattles
Poultry
Horses
Pigs
Others
In 2022, the application for poultry dominated with a 45% revenue share. This is a result of increased global consumption of meat products like chicken, eggs, and turkey. Over time, the market for poultry has been driven by rising demand for sources of animal protein.
By Region
North America
APAC
Europe
South America
Middle East & Africa
In 2022, Asia Pacific had a 37.5% revenue share, dominating the market. This is due to the existence of numerous lathe manufacturers in the area. China, the greatest producer of livestock feed in the same year, is the region's driving force. The swine and poultry industries are responsible for much of the significant demand for organic trace minerals in animal feed. The demand for organic trace minerals in poultry production has also increased as a result of advancements in the processing and retailing industries, an increase in poultry consumption per person, and better infrastructure.
From 2023 to 2030, North America is anticipated to see a CAGR of 7%. The rising demand for meat, which in turn increases the demand for organic trace elements, is one of the key factors driving the animal feed industry in this region.
By Company
Alltech Inc.
Archer Daniels Midland Co.
Biochem
Tanke International Group
Cargill Inc.
Kemin Industries Inc
Mercer Milling Co. Inc.
Novus International Inc.
Nutrco NV
Pancosma SA
Other Key Players
Please ask for sample pages for full companies list
Base Year: 2022
Historical Data: from 2018 to 2021
Forecast Data: from 2023 to 2030
Any special requirements about this report, please let us know and we can provide custom report.
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