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Global Animal Feed Organic Trace Minerals Market: By Product: Organic, Inorganic; By Livestock: Livestock, Ruminants, Poultry, Swine, Others; By Mineral Type: Zinc, Iron, Manganese, Copper, Others; Regional Analysis; Historical Market and Forecast (2016-2026); SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Animal Feed Organic Trace Minerals Market Outlook
The animal feed organic trace minerals market was projected to be at USD 541.32 million in 2020 and is projected to grow over the forecast period 2021-2026 at a CAGR of 8.6%.
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Properties and Applications
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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- Organic
- Inorganic
- Others
The industry can be divided based on livestock as:
- Livestock
- Ruminants
- Poultry
- Swine
- Others
The industry can be segmented based on mineral type as:
- Zinc
- Iron
- Manganese
- Copper
- Others
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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Market Analysis
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.
Competitive Landscape
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:
- Alltech
- Archer Daniels Midlands Company (NYSE: ADM)
- BASF
- Cargill
- Kemin Industries
- Others
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.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Animal Feed Organic Trace Minerals Market Analysis
6.1 Global Animal Feed Organic Trace Minerals Historical Market (2016-2020) & Forecast (2021-2026)
6.2 Global Animal Feed Organic Trace Minerals Market Breakup by Product
6.2.1 Organic
6.2.2 Inorganic
6.2.3 Others
6.3 Global Animal Feed Organic Trace Minerals Market Breakup by Product: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 Organic
6.3.2 Inorganic
6.3.3 Others
6.4 Global Animal Feed Organic Trace Minerals Market Breakup by Livestock
6.4.1 Livestock
6.4.2 Ruminants
6.4.3 Poultry
6.4.4 Swine
6.4.5 Others
6.5 Global Animal Feed Organic Trace Minerals Market Breakup by Livestock: Historical Market (2016-2020) & Forecast (2021-2026)
6.5.1 Livestock
6.5.2 Ruminants
6.5.3 Poultry
6.5.4 Swine
6.5.5 Others
6.6 Global Animal Feed Organic Trace Minerals Market Breakup by Mineral Type
6.6.1 Zinc
6.6.2 Iron
6.6.3 Manganese
6.6.4 Copper
6.6.5 Others
6.7 Global Animal Feed Organic Trace Minerals Market Breakup by Mineral Type: Historical Market (2016-2020) & Forecast (2021-2026)
6.7.1 Zinc
6.7.2 Iron
6.7.3 Manganese
6.7.4 Copper
6.7.5 Others
6.8 Global Animal Feed Organic Trace Minerals Market by Region
6.8.1 North America
6.8.1.1 United States of America
6.8.1.2 Canada
6.8.2 Europe
6.8.2.1 Germany
6.8.2.2 United Kingdom
6.8.2.3 France
6.8.2.4 Italy
6.8.2.5 Others
6.8.3 Asia Pacific
6.8.3.1 China
6.8.3.2 Japan
6.8.3.3 India
6.8.3.4 ASEAN
6.8.3.5 Others
6.8.4 Latin America
6.8.4.1 Brazil
6.8.4.2 Argentina
6.8.4.3 Mexico
6.8.4.4 Others
6.8.5 Middle East & Africa
6.8.5.1 Saudi Arabia
6.8.5.2 United Arab Emirates
6.8.5.3 Nigeria
6.8.5.4 South Africa
6.8.5.5 Others
6.9 Global Animal Feed Organic Trace Minerals Market by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.9.1 North America
6.9.1.1 United States of America
6.9.1.2 Canada
6.9.2 Europe
6.9.2.1 Germany
6.9.2.2 United Kingdom
6.9.2.3 France
6.9.2.4 Italy
6.9.2.5 Others
6.9.3 Asia Pacific
6.9.3.1 China
6.9.3.2 Japan
6.9.3.3 India
6.9.3.4 ASEAN
6.9.3.5 Others
6.9.4 Latin America
6.9.4.1 Brazil
6.9.4.2 Argentina
6.9.4.3 Mexico
6.9.4.4 Others
6.9.5 Middle East & Africa
6.9.5.1 Saudi Arabia
6.9.5.2 United Arab Emirates
6.9.5.3 Nigeria
6.9.5.4 South Africa
6.9.5.5 Others
7 SWOT Analysis
7.1 Overview
7.2 Strengths
7.3 Weaknesses
7.4 Opportunities
7.5 Threats
8 Porter’s Five Forces Analysis
8.1 Overview
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
8.6 Substitutes
9 Regional Price Analysis
9.1 North America Historical Price Trends (2016-2020) & Forecast (2021-2026)
9.2 Europe Historical Price Trends (2016-2020) & Forecast (2021-2026)
9.3 Asia Pacific Historical Price Trends (2016-2020) & Forecast (2021-2026)
9.4 Latin America Historical Price Trends (2016-2020) & Forecast (2021-2026)
9.5 Middle East & Africa Historical Price Trends (2016-2020) & Forecast (2021-2026)
10 Competitive Landscape & Supplier Analysis
10.1 Alltech
10.1.1 Company Overview
10.1.2 Financial Analysis
10.2 Archer Daniels Midlands Company (NYSE: ADM)
10.2.1 Company Overview
10.2.2 Financial Analysis
10.3 BASF (ETR: BAS)
10.3.1 Company Overview
10.3.2 Financial Analysis
10.4 Cargill
10.4.1 Company Overview
10.4.2 Financial Analysis
10.5 Kemin Industries
10.5.1 Company Overview
10.5.2 Financial Analysis
10.6 Others
11 Industry Events and Developments
Additional Customization Available:
12 Manufacturing Process
12.1 Detailed Process Flow
12.2 Operations Involved
12.3 Mass Balance
13 Cost Analysis
13.1 Land, Location and Site Development
13.2 Construction
13.3 Plant Machinery
13.4 Cost of Raw Material
13.5 Packaging
13.6 Transportation
13.7 Utilities
13.8 Manpower
13.9 Other Capital Investment
Key Questions Answered in the Report
In 2020, the global animal feed organic trace minerals market attained a value of nearly USD 541.32 million.
The market is projected to grow at a CAGR of 8.6% between 2021 and 2026.
The major drivers of the market include the increasing use of water-soluble natural feed-added materials, increased meat consumption, 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 is the key industry trend propelling the growth of the market.
The major regions in the industry 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, inorganic, and 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 under the animal feed organic trace minerals market.
The major players in the industry are Alltech, Archer Daniels Midlands Company, BASF, Cargill, and Kemin Industries, among others.
Analyst Review
The global animal feed organic trace minerals market attained a value of USD 541.32 million in 2020, driven by the increasing use of water-soluble natural feed-added materials, increased meat consumption, and the growth of the animal feed industry worldwide. Aided by the growing demand for protein from animal sources, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 8.6%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product type, the animal feed organic trace minerals industry can be segmented into organic and inorganic, among others. On the basis of mineral types, zinc, iron, manganese and copper, among others hold significant share of animal feed organic trace minerals. While livestock, ruminants, poultry, and swine, among others are the common livestock under the animal feed organic trace minerals market. The major regional markets for animal feed organic trace minerals are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Alltech, Archer Daniels Midlands Company, BASF, Cargill, and Kemin Industries, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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