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Forecast Year
The animal feed organic trace minerals market size was approximately USD 693.33 million in 2023 and is projected to grow over the forecast period 2024-2032 at a CAGR of 8.60%.
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Iron, copper, zinc, manganese, chromium, and selenium are common organically bound trace minerals used in animal nutrition. It is reported that the addition of organic mineral complexes will improve the production of animals. The animal feed organic trace minerals industry can be divided on the basis of segments like product, livestock, and mineral type. The industry can be broadly categorised based on product into:
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The industry can be divided based on livestock as:
The industry can be segmented based on mineral type as:
The EMR report looks into the regional markets of animal feed organic trace minerals like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.
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Factors encouraging the use of organic trace minerals are the increasing use of water-soluble natural feed-added materials, increased meat consumption, and the growth of the animal feed industry worldwide. For example, a change in the trend of food consumption, which involves the promotion of proteins from animal sources, plays a major role in the global growth of meat consumption. It is projected that increased outbreaks of animal diseases such as Avian Influenza (AI) will hamper the global market growth in the recent years. Poultry is one of the most susceptible to disease outbreaks within the industry. In 2016, the AI outbreaks in the United States reached over 47 million poultry birds, such as turkey and chicken. Therefore, reducing the after-effects of such outbreaks is a major challenge facing manufacturers and worldwide governing bodies. New opportunities for industrial development were generated by increasing research and development activities to optimize specific functions of organic trace minerals — for example, usage of zinc to strengthen poultry and copper eggshells to boost egg fertility.
The report presents a detailed analysis of the following key players in the global animal feed organic trace minerals industry, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product |
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Breakup by Livestock |
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Breakup by Mineral Type |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global animal feed organic trace minerals market attained a value of nearly USD 693.33 million.
The market is projected to grow at a CAGR of 8.60% between 2024 and 2032.
The major drivers of the market include the increasing use of water-soluble natural feed-added materials and the growth of the animal feed industry worldwide.
A change in the trend of food consumption, which involves the promotion of proteins from animal sources, and growing popularity of organic animal feeds are the key trends propelling the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major product types of animal feed organic trace minerals are organic, and inorganic, among others.
Zinc, iron, manganese, and copper, among others are the significant mineral types of animal feed organic trace minerals.
Livestock, ruminants, poultry, and swine, among others are the common livestock in the animal feed organic trace minerals market.
The major players in the market are Alltech, BASF SE, Cargill, Incorporated, and Kemin Industries, Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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