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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%. The market is predicted to be driven by increased demand from end-users due to the rising awareness of the dangerous effects of consuming inorganic trace minerals containing heavy metal pollutants. Organic trace minerals are essential nutrients that are used in animal feed in small quantities.
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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:
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.
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.
Key Questions Answered in the Market Report:
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
2.5 Market Models
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
6.3 Global Animal Feed Organic Trace Minerals Market Breakup by Product: Historical Market (2016-2020) & Forecast (2021-2026)
6.4 Global Animal Feed Organic Trace Minerals Market Breakup by Livestock
6.5 Global Animal Feed Organic Trace Minerals Market Breakup by Livestock: Historical Market (2016-2020) & Forecast (2021-2026)
6.6 Global Animal Feed Organic Trace Minerals Market Breakup by Mineral Type
6.7 Global Animal Feed Organic Trace Minerals Market Breakup by Mineral Type: Historical Market (2016-2020) & Forecast (2021-2026)
6.8 Global Animal Feed Organic Trace Minerals Market by Region
6.8.1 North America
188.8.131.52 United States of America
184.108.40.206 United Kingdom
6.8.3 Asia Pacific
6.8.4 Latin America
6.8.5 Middle East & Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
6.9 Global Animal Feed Organic Trace Minerals Market by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.9.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
6.9.3 Asia Pacific
6.9.4 Latin America
6.9.5 Middle East & Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
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
10.1.1 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
10.4.1 Company Overview
10.4.2 Financial Analysis
10.5 Kemin Industries
10.5.1 Company Overview
10.5.2 Financial Analysis
11 Events and Developments
Additional Customization Available:
12 Feedstock Analysis
13 Procurement Strategy
13.1 Value Chain Analysis
13.2 Contract Terms
13.3 Buying and Sourcing Trends
13.4 Storage and Warehousing
13.5 Certifications and Regulations
13.6 Risk Factors
14 Trade Data Analysis
14.1 Major Exporting Countries: By Value and Volume
14.2 Major Importing Countries: By Value and Volume
15 Manufacturing Process
15.1 Detailed Process Flow
15.2 Operations Involved
15.3 Mass Balance
16 Cost Analysis
16.1 Land, Location and Site Development
16.3 Plant Machinery
16.4 Cost of Raw Material
16.9 Other Capital Investment
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