Global Animal Feed Organic Trace Minerals Market Is Expected To Reach USD 624.6 Million By 2020: Radiant Insights, Inc

Radiant Insights includes new market research report on “Global Animal Feed Organic Trace Minerals Market Size, Share And Trends Report Up To 2020 : Radiant Insights” to its huge collection of research reports.

The global market for animal feed organic trace minerals is expected to reach USD 624.6 Million by 2020. Higher bioavailability or organic trace minerals in animals as compared to inorganic counterparts is expected to be a key driver for the market over the next six years. In addition, growing regulatory concerns regarding the hazardous effects of unabsorbed inorganic minerals is expected to further augment the demand for organic counterparts. Furthermore, inorganic trace minerals also affect the health of animals which has resulted in substitution by organic minerals in animal feed.

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Increasing consumption of animal protein and dairy has resulted in increased demand for organic trace minerals as they are associated with improving animal nutrition and preventing/controlling diseases. However, stringent regulatory scenario, particularly through FDA and REACH has emerged as a key issue for market participants. In addition, R&D costs associated with developing organic minerals are higher as compared to their inorganic counterparts which lead to pricing issues. This is expected to adversely impact the development of the market over the forecast period.

Further key findings from the study suggest:

  • Zinc was the highest consumed mineral and accounted for over 45% of the global consumption in 2012. The high consumption can be associated with multiple advantages offer by zinc such as antioxidant, tissue repair, wound healing and cofactor for enzymes. It is also expected to witness fastest growth over the next six years growing at a CAGR of nearly 7% from 2013 to 2020.
  • The other commonly used trace minerals include Iron, Manganese, Copper, Selenium and Cobalt. Iron and Manganese were the second and third largest segments in 2012 and together accounted for over USD 110.0 million of revenue.
  • North America was the largest regional market for organic trace minerals and accounted for close to 38% of the revenue in 2012. It is expected to be the dominant regional market by the end of the forecast period in spite of losing share to fastest growing markets such as Asia Pacific and Brazil.
  • Asia Pacific is expected to be the fastest growing region in terms of organic trace mineral consumption because of the increased consumption of animal as a source of protein coupled with increasing awareness regarding benefits of these minerals in controlling and prevention of diseases. The region is expected to grow at a CAGR of over 7% from 2013 to 2020.
  • Royal DSM NV was the largest company in the market and further strengthened market presence following its acquisition of Brazil based organic trace mineral company, Tortuga. The other key companies in the market include Tanke Biosciences Corporation, Ridley Inc, Zinpro Corporation, Archer Daniels Midland Company, Cargill and Kemin Industries among others.

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Organic Trace Minerals Product Outlook:

  • Zinc
  • Iron
  • Manganese
  • Copper
  • Others (Selenium, Cobalt, etc.)

Organic Trace Minerals Regional Outlook:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

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