Global Market Outline: Trace Minerals for Animal Feed Market
Organic trace minerals are minerals used in small quantities, which are formed by attaching inorganic trace minerals to organic molecules such as amino acids or polysaccharides. The organic molecules used in the formation of organic trace minerals are called chelates. Though only small quantities of organic trace minerals are added to animal feed, they play an important role in maintaining the animal’s health. The chelates in these minerals prevent the trace minerals from interacting with other minerals and feed components in the animals’ bodies, thereby enhancing the absorption of the trace minerals. The bioavailability of organic trace minerals is higher than that of inorganic trace minerals. As a result, organic trace minerals are increasingly preferred over inorganic trace minerals in the animal feed segment.
Increasing meat consumption is important driver of this industry. Meat is one of the major sources of proteins. A shift in the food consumption pattern, which includes favoring proteins derived from animal sources is playing a key role in the growth of meat consumption globally. This, in turn, is anticipated to have a positive impact on the organic trace minerals industry.
The global organic trace minerals for animal feeds market accounted for the majority market share in Europe during 2017 due to the increasing demand for cattle mineral feed in the region. Consumers are increasingly shifting toward the consumption of organic meat over conventional meat due to the increased health concerns. This in turn, will boost the adoption of organic trace minerals for animal supplements in the region throughout the predicted period.
The global Trace Minerals for Animal Feed market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
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Top key Players
Kemin
Novus
Pancosma
Zinpro
Cargill
Archer Daniels Midland
…
Market segment by Type, the product can be split into
Iron
Zinc
Copper
Others
Market segment by Application, split into
Ruminant
Poultry
Aquatic Animals
Others
In this study, the years considered to estimate the market size of Trace Minerals for Animal Feed are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2019
Forecast Year 2019 to 2025
Latest update on Trace Minerals for Animal Feed Market
The market forecast in between 2018 and 2025. The base considered for this market report in 2018. A section of the report covers historical analysis. A detailed analysis of micro and macroeconomic indicators influencing the market is also available in the report. Information on growth drivers, industry trends, threats and growth opportunities is provided in the report. The market assessment is available in value. In addition to this, the report includes table of content which allows readers to conveniently navigate to different sections of the report.
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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The report explores different factors attributing to fast-paced growth in the global Trace Minerals for Animal Feedmarket including a detailed study of several volume trends, pricing history, and the value of the product/ service. Some noteworthy factors studied in the market research report include the impact of snowballing population growth, proliferation witnessed in technological innovation, as well as, demand and supply dynamics experienced by the Trace Minerals for Animal Feedmarket. Apart from this, it includes the introduction of government policies and the competitive landscape of the Trace Minerals for Animal Feedmarket during the review period.
The study objectives of this report are:
To study and analyze the global Trace Minerals for Animal Feed market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025.
To understand the structure of Trace Minerals for Animal Feed market by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Trace Minerals for Animal Feed manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Trace Minerals for Animal Feed with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Trace Minerals for Animal Feed submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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