Global Chelated Trace Minerals in Feed Market 2020-2023(forecast period) provides a thorough analysis of the market position, size, and growth. The study also outlines key factors such as drivers, restraints, geographic analysis, and competitive landscape for the global chelated trace minerals in the feed market during the forecast period.
Chelated trace minerals in food are also known as organic trace minerals used in feed. These are needed in limited quantities but play a significant role in the growth and performance of animals. The chelation of trace minerals increases the availability of these nutrients to animals and helps to boost the performance of livestock by easy absorption. Increasing consumer awareness of the benefits of chelated trace minerals has raised the demand for these trace minerals.
Standardization of meat products due to outbreaks of disease and increased awareness of precision nutritional techniques to improve the quality of meat has resulted in higher consumption of chelated trace minerals. In addition, an increase in livestock production followed by a rise in the number of animal products and continuous growth in meat consumption are other factors driving the global chelated trace minerals in feed market.
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Some of the major participants in the Global Chelated Trace Minerals Market in feed market are Archer Daniels Midland Company (US), DLG Group (Denmark), BASF SE (Germany), Kemin Industries (US), Koninklijke DSM N.V. (The Netherlands), Cargill, Incorporated (US), Nutreco N.V. (The Netherlands), InVivo NSA (France), Bluestar Adisseo (China), Alltech (US)
The global market for chelated trace minerals in feed market has been segmented based on type, form, chelated type, and livestock.
Based on type, the global market for chelated trace minerals in feed market has been segmented into zinc, iron, cobalt, copper, and others. The zinc segment accounted for the largest market share of chelated trace minerals in feed in terms of volume and value. Zinc is extensively used because of its high applicability to different feed products. Zinc, when added to feed, increases growth in the early nursery phase, improves the poor health status of animals, and also helps to ease the stress challenges that contribute to the overall growth of animals.
Based on form, the global market for chelated trace minerals in feed market has been segmented into dry and liquid.
Based on chelated type, the global market for chelated trace minerals in feed market has been segmented into amino acids, proteinates, polysaccharide complexes, others.
Based on livestock, the Global Chelated Trace Minerals in Feed Market has been segmented into ruminant, swine, poultry, aquaculture, and others. In terms of value, the poultry segment accounted for the largest share of the chelated trace minerals in feed market and is projected to grow at the highest CAGR from 2020 to 2023. Chelated trace minerals provide adequate mineral nutrition for poultry birds, while the formulation contains fewer minerals. These minerals help to reduce the total cost of feed, as they offer significant benefits to birds in lower amounts compared to other mineral sources.
The global market for chelated trace minerals in feed market has been segmented into North America, Asia Pacific, Europe, and the rest of the world.
Europe is anticipated to dominate the market for chelated trace minerals in feed during the forecast period due to the growing demand for more nutritious animal feed products. A high degree of awareness and food safety regulations and strong demand for high-quality animal products have been propelled across Europe.
The North American market for chelated trace minerals is rising at a significant pace. The US is the key contributor to the development of the North American market for chelated trace minerals in feed.
China, which is one of the largest feed producers, contributes a substantial share to the Asia Pacific industry. The need for high-quality meat production is driving demand around the globe.
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