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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 (2018-2028); 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 2023-2028 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
- BASF SE
- Cargill, Incorporated
- Kemin Industries, Inc.
- 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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Livestock, Mineral Type, Region |
| Breakup by Product | Organic, Inorganic, Others |
| Breakup by Livestock | Livestock, Ruminants, Poultry, Swine, Others |
| Breakup by Mineral Type | Zinc, Iron, Manganese, Copper, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Alltech, BASF SE, Cargill, Incorporated, Kemin Industries, Inc., Others |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Animal Feed Organic Trace Minerals Market Analysis
8.1 Key Industry Highlights
8.2 Global Animal Feed Organic Trace Minerals Historical Market (2018-2022)
8.3 Global Animal Feed Organic Trace Minerals Market Forecast (2023-2028)
8.4 Global Animal Feed Organic Trace Minerals Market by Product
8.4.1 Organic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Inorganic
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Animal Feed Organic Trace Minerals Market by Livestock
8.5.1 Livestock
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Ruminants
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Poultry
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Swine
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Animal Feed Organic Trace Minerals Market by Mineral Type
8.6.1 Zinc
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Iron
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Manganese
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Copper
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Animal Feed Organic Trace Minerals Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Alltech
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 BASF SE
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Cargill, Incorporated
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Kemin Industries, Inc.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Others
14 Industry Events and Developments
List of Key Figures and Tables
1. Global Animal Feed Organic Trace Minerals Market: Key Industry Highlights, 2018 and 2028
2. Global Animal Feed Organic Trace Minerals Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Animal Feed Organic Trace Minerals Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Animal Feed Organic Trace Minerals Historical Market: Breakup by Livestock (USD Million), 2018-2022
5. Global Animal Feed Organic Trace Minerals Market Forecast: Breakup by Livestock (USD Million), 2023-2028
6. Global Animal Feed Organic Trace Minerals Historical Market: Breakup by Mineral Type (USD Million), 2018-2022
7. Global Animal Feed Organic Trace Minerals Market Forecast: Breakup by Mineral Type (USD Million), 2023-2028
8. Global Animal Feed Organic Trace Minerals Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Animal Feed Organic Trace Minerals Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Animal Feed Organic Trace Minerals Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Animal Feed Organic Trace Minerals Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Animal Feed Organic Trace Minerals Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Animal Feed Organic Trace Minerals Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Animal Feed Organic Trace Minerals Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Animal Feed Organic Trace Minerals Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Animal Feed Organic Trace Minerals Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Animal Feed Organic Trace Minerals Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Animal Feed Organic Trace Minerals Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Animal Feed Organic Trace Minerals Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Animal Feed Organic Trace Minerals Market Structure
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, BASF SE, Cargill, Incorporated, and Kemin Industries, Inc., 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 2023-2028, 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, BASF SE, Cargill, Incorporated, and Kemin Industries, Inc., 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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