Animal Feed Organic Trace Minerals Market - Forecast(2024 - 2030)
Animal Feed Organic Trace Minerals Market Overview
Animal Feed Organic Trace Minerals Market size is estimated to reach $1,123.5 million by 2027, growing at a CAGR of 6.1% during the forecast period 2022-2027. Trace minerals can be demarcated as chemical compounds which are vital for animals’ health as they prevent the animal’s immunity and they exhibit non-reactive nature toward antagonists. Organic trace minerals ensure the well-being of an animal’s liver which is the home to catalysts and proteins like catalase and ceruloplasmin. Catalase ensures hydrogen peroxide’s disintegration into water and oxygen. Moreover, trace minerals safeguard the proper balance of crucial antioxidants such as glutathione reductase, glutathione peroxidase, and others that helps in the prevention of free radical’s attack. Proliferating infections like pathogenic avian influenza and bird flu due to poor digestion of poultry and other animals are forcing owners to shift toward animal feed trace minerals to ensure animal health which is a major reason for rising demand in the respective market. Augmenting demand for high-quality meat and enlarging usage of additives with water-soluble nature are factors set to drive the growth of the Animal Feed Organic Trace Minerals Market for the period 2022-2027.
Report Coverage
The
report: “Animal Feed
Organic Trace Minerals Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of
the following segments of the Animal Feed Organic Trace Minerals Market.
By
Minerals Type: Copper, Selenium, Zinc,
manganese, Iron, and Others.
By
Livestock: Poultry,
Dairy cattle, Swine, Aquaculture, and Others.
By
Geography:
North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy,
Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South
Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America
(Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of World (the Middle
East and Africa).
Key Takeaways
- Geographically, the Asia-Pacific Animal Feed Organic Trace Minerals Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027.
- Intensifying meat consumption with the population becoming health aware is said to be a preeminent driver driving the growth of the Animal Feed Organic Trace Minerals Market. Health concerns, hampered demand, and supply chain due to COVID-19 are said to reduce the market growth.
- Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Animal Feed Organic Trace Minerals Market report.
Animal Feed Organic Trace Minerals Market Share, By Region (%) in 2021
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Animal Feed Organic Trace Minerals Market Segment Analysis-By Minerals Type
The Animal Feed Organic Trace Minerals Market based on the minerals type can be further segmented into Selenium, Zinc, manganese, Iron, and Others. The zinc segment held the largest share in 2021. The growth is owing to the broadening demand for zinc as a trace in feeds as they ensure the overall well-being of metabolic processes. Zinc alone ensures the proper functioning of several hormones, biochemical processes, protein synthesis, and antioxidant enzymes. Any deficiency pertaining to zinc can set many complications like reduction in appetite, vulnerable immunity, and meager growth in motion. Moreover, zinc and copper are estimated to be the fastest-growing segment with a CAGR of 7.5% over the forecast period 2022-2027. This growth is owing to upsurging infections like avian influenza and bird flu due to poor health of animals and poultry resulting in reduced consumption. Therefore, poultry owners are using trace minerals like copper and zinc to tackle the problem. Copper extends several functions in maintaining animals’ health. It promotes strong nerve fires, and the growth of antioxidants to maintain proper immunity.
Animal Feed Organic Trace Minerals Market Segment Analysis-By Livestock
The Animal Feed Organic Trace Minerals Market based on livestock can be further segmented into Poultry, Dairy cattle, Swine, Aquaculture, and Others. The poultry segment held the largest share in 2021. The growth is owing to the delicate health of chicken, turkeys, duck, and swine. Infection prevalence is more common in them as compared to other animals due to their incapacity in digesting 25% of the food. Moreover, another big factor that makes this segment an area of interest is the colossal consumption of chicken and turkey meat due to its nutrient-rich, appetizing, and cost-effective nature. On another hand, innovative products like Chicken McNuggets offered by MacDonald are famous worldwide. Therefore, due to heavy demand owners are trying to ensure the quality of products by maintaining animal well-being. Poultry and Dairy cattle are estimated to be the fastest-growing segment with a CAGR of 7.8% over the forecast period 2022-2027. This growth is owing to heightening the consumption of meat, milk, cheese, and other dairy products.
Animal Feed Organic Trace Minerals Market Segment Analysis-By Geography
The Animal Feed Organic Trace Minerals Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Asia-Pacific held the largest share with 41% of the overall market in 2021. The growth in this segment is owing to the factors such as the massive consumption of seafood (Tuna, Shrimp, Salmon, and many more) in Asian countries such as China, Japan, and Indonesia. Collectively Japan, Indonesia, and China consume more than 75 million tonnes of seafood. Besides, seafood pork, and chicken meat are consumed on a wide scale. According to a report, China consumes the most pork worldwide with 29-30 kilograms per capita. Moreover, Asia-pacific is expected to be the fastest-growing segment over the forecast period 2022-2027. This growth is owing to the burgeoning economies of Asian nations that have increased the purchasing power of people. Moreover, broadening health consciousness among people is increasing the demand for dairy products. For instance, India has acquired the status of the biggest milk consumer with over 80,000 metric tons of consumption annually.
Animal Feed Organic Trace Minerals Market Drivers
Growing health cognizance enlarging the overall meat and dairy consumption is Anticipated to Boost Product Demand
Death rates associated with Chronic illnesses are prevailing globally, especially in developed countries. According to the report, chronic maladies like heart attack and cancer are the biggest reason for increased mortality rates. More than 600,000 people die from heart attacks in the U.S. Moreover, around 17-18 million lose their lives due to coronary heart diseases worldwide. Therefore, considering these trends people have become too health conscious about their dietary intake and exercise. As a result, to maintain a proper balance of proteins, and other nutrients meat consumption has plunged to 350 million tons. Not just meat but milk and other dairy products consumption are swelling. For instance, India alone consumes more than 80,000 metric tons of milk every year.
Heightening per capita income is Expected to Boost Product Demand
Rapid industrialization is increasing the number of means by which individuals can earn a living. As compared to older times today agriculture is not the only source of earning. The growing service sector and industries are providing ample opportunities. Only 6-6.5% of the world economy depends upon agriculture and the rest on other sectors. For instance, more than 70% of the European Union’s economy comes from service and around 22-23% from manufacturing. Therefore, with a variety of options per capita income of several European nations has crossed $60,000-65,000. On another hand, in the wake of diversification, various developing nations like India, Indonesia, and many more are witnessing a hike in their GDP per capita.
Animal Feed Organic Trace Minerals Market Challenges
Health concerns and hampered demand and supply chain are Anticipated to Hamper Market Growth
The broadening prevalence of diseases like bird flu and swine flu due to the poor health of pigs and poultry is anticipated to condense the growth in the Animal Feed Organic Trace Minerals Market. According to the Union Health Ministry data, there have been over 1,100 deaths due to swine flu in the country in 2019. With expanding health consciousness people are supposed to cut down on the consumption of meat and other poultry products to ensure their own safety in the first place which may hamper the growth in the respective market. Additionally, vulnerable demand and supply chain as nations are going into lockdowns again in the wake of virus mutations can contribute their fair share in bringing down the demand.
Animal Feed Organic Trace Minerals Industry Outlook:
Product
launches, mergers and acquisitions, joint ventures, and geographical expansions
are key strategies adopted by players in the Animal Feed Organic Trace Minerals
Market. Key companies of this market are-
- Alltech
Inc
- Novus
International
- Phibro
Animal Health Corp
- Cargill
- Kemin
Industries
- Ridley
- Pancosma
- Archer
Daniels Midland
- Zinpro
- Royal DSM
Recent Developments/Product Launches:
- On February 1, 2021, EW Nutrition, a Germany-based company that provides animal nutrition solutions publicized that it has acquired the Feed quality and pigment business of the US-based “Novus International.” The transaction offers a diverse portfolio and a leading position to EW Nutrition in the feed market.
- On October 2, 2020, Netherland-based nutrition and bioscience company “Royal DSM”, commonly known as DSM successfully acquired two labs of “Erber Group.” The DSM paid 980 million euros to wrap up the take control of labs Biomin and Romer. The transaction fortifies the DSM’s position as a leader in the animal nutrition solutions market.
- On August 1, 2019, US-based animal health company “Phibro Animal Health” announced the acquisition of bioproduct developer “Osprey Biotechnics.” The financials of the acquisition deal were kept hidden. Moreover, according to Phibro, the acquisition will fortify its nutritional product portfolio.
Relevant Links:
Animal
Feed Testing Market – Forecast (2021 - 2026)
Report Code: AGR 0003
Animal
Feed Additive Market – Forecast (2021 - 2026)
Report Code: AGR 0014
Animal Nutrition Market - Forecast(2022 - 2027)
Report Code: FBR 0049
LIST OF TABLES
1.Global Animal Feed Organic Trace Minerals:Product Estimate Trend Analysis Market 2023-2030 ($M)1.1 Zinc Market 2023-2030 ($M) - Global Industry Research
1.2 Iron Market 2023-2030 ($M) - Global Industry Research
1.3 Copper Market 2023-2030 ($M) - Global Industry Research
1.4 Selenium Market 2023-2030 ($M) - Global Industry Research
2.Global Animal Feed Organic Trace Minerals:Application Estimate Trend Analysis Market 2023-2030 ($M)
2.1 Dairy Cattle Market 2023-2030 ($M) - Global Industry Research
2.1.1 Animal Feed Organic Trace Mineral Market In Dairy Cattle Estimate And Forecast Market 2023-2030 ($M)
2.2 Poultry Market 2023-2030 ($M) - Global Industry Research
2.2.1 Animal Feed Organic Trace Mineral Market In Poultry Estimate And Forecast Market 2023-2030 ($M)
2.3 Horse Market 2023-2030 ($M) - Global Industry Research
2.3.1 Animal Feed Organic Trace Mineral Market In Horse Estimate And Forecast Market 2023-2030 ($M)
2.4 Pig Market 2023-2030 ($M) - Global Industry Research
2.4.1 Animal Feed Organic Trace Mineral Market In Pig Estimate And Forecast Market 2023-2030 ($M)
3.Global Animal Feed Organic Trace Minerals:Product Estimate Trend Analysis Market 2023-2030 (Volume/Units)
3.1 Zinc Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Iron Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Copper Market 2023-2030 (Volume/Units) - Global Industry Research
3.4 Selenium Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Animal Feed Organic Trace Minerals:Application Estimate Trend Analysis Market 2023-2030 (Volume/Units)
4.1 Dairy Cattle Market 2023-2030 (Volume/Units) - Global Industry Research
4.1.1 Animal Feed Organic Trace Mineral Market In Dairy Cattle Estimate And Forecast Market 2023-2030 (Volume/Units)
4.2 Poultry Market 2023-2030 (Volume/Units) - Global Industry Research
4.2.1 Animal Feed Organic Trace Mineral Market In Poultry Estimate And Forecast Market 2023-2030 (Volume/Units)
4.3 Horse Market 2023-2030 (Volume/Units) - Global Industry Research
4.3.1 Animal Feed Organic Trace Mineral Market In Horse Estimate And Forecast Market 2023-2030 (Volume/Units)
4.4 Pig Market 2023-2030 (Volume/Units) - Global Industry Research
4.4.1 Animal Feed Organic Trace Mineral Market In Pig Estimate And Forecast Market 2023-2030 (Volume/Units)
5.North America Animal Feed Organic Trace Minerals:Product Estimate Trend Analysis Market 2023-2030 ($M)
5.1 Zinc Market 2023-2030 ($M) - Regional Industry Research
5.2 Iron Market 2023-2030 ($M) - Regional Industry Research
5.3 Copper Market 2023-2030 ($M) - Regional Industry Research
5.4 Selenium Market 2023-2030 ($M) - Regional Industry Research
6.North America Animal Feed Organic Trace Minerals:Application Estimate Trend Analysis Market 2023-2030 ($M)
6.1 Dairy Cattle Market 2023-2030 ($M) - Regional Industry Research
6.1.1 Animal Feed Organic Trace Mineral Market In Dairy Cattle Estimate And Forecast Market 2023-2030 ($M)
6.2 Poultry Market 2023-2030 ($M) - Regional Industry Research
6.2.1 Animal Feed Organic Trace Mineral Market In Poultry Estimate And Forecast Market 2023-2030 ($M)
6.3 Horse Market 2023-2030 ($M) - Regional Industry Research
6.3.1 Animal Feed Organic Trace Mineral Market In Horse Estimate And Forecast Market 2023-2030 ($M)
6.4 Pig Market 2023-2030 ($M) - Regional Industry Research
6.4.1 Animal Feed Organic Trace Mineral Market In Pig Estimate And Forecast Market 2023-2030 ($M)
7.South America Animal Feed Organic Trace Minerals:Product Estimate Trend Analysis Market 2023-2030 ($M)
7.1 Zinc Market 2023-2030 ($M) - Regional Industry Research
7.2 Iron Market 2023-2030 ($M) - Regional Industry Research
7.3 Copper Market 2023-2030 ($M) - Regional Industry Research
7.4 Selenium Market 2023-2030 ($M) - Regional Industry Research
8.South America Animal Feed Organic Trace Minerals:Application Estimate Trend Analysis Market 2023-2030 ($M)
8.1 Dairy Cattle Market 2023-2030 ($M) - Regional Industry Research
8.1.1 Animal Feed Organic Trace Mineral Market In Dairy Cattle Estimate And Forecast Market 2023-2030 ($M)
8.2 Poultry Market 2023-2030 ($M) - Regional Industry Research
8.2.1 Animal Feed Organic Trace Mineral Market In Poultry Estimate And Forecast Market 2023-2030 ($M)
8.3 Horse Market 2023-2030 ($M) - Regional Industry Research
8.3.1 Animal Feed Organic Trace Mineral Market In Horse Estimate And Forecast Market 2023-2030 ($M)
8.4 Pig Market 2023-2030 ($M) - Regional Industry Research
8.4.1 Animal Feed Organic Trace Mineral Market In Pig Estimate And Forecast Market 2023-2030 ($M)
9.Europe Animal Feed Organic Trace Minerals:Product Estimate Trend Analysis Market 2023-2030 ($M)
9.1 Zinc Market 2023-2030 ($M) - Regional Industry Research
9.2 Iron Market 2023-2030 ($M) - Regional Industry Research
9.3 Copper Market 2023-2030 ($M) - Regional Industry Research
9.4 Selenium Market 2023-2030 ($M) - Regional Industry Research
10.Europe Animal Feed Organic Trace Minerals:Application Estimate Trend Analysis Market 2023-2030 ($M)
10.1 Dairy Cattle Market 2023-2030 ($M) - Regional Industry Research
10.1.1 Animal Feed Organic Trace Mineral Market In Dairy Cattle Estimate And Forecast Market 2023-2030 ($M)
10.2 Poultry Market 2023-2030 ($M) - Regional Industry Research
10.2.1 Animal Feed Organic Trace Mineral Market In Poultry Estimate And Forecast Market 2023-2030 ($M)
10.3 Horse Market 2023-2030 ($M) - Regional Industry Research
10.3.1 Animal Feed Organic Trace Mineral Market In Horse Estimate And Forecast Market 2023-2030 ($M)
10.4 Pig Market 2023-2030 ($M) - Regional Industry Research
10.4.1 Animal Feed Organic Trace Mineral Market In Pig Estimate And Forecast Market 2023-2030 ($M)
11.APAC Animal Feed Organic Trace Minerals:Product Estimate Trend Analysis Market 2023-2030 ($M)
11.1 Zinc Market 2023-2030 ($M) - Regional Industry Research
11.2 Iron Market 2023-2030 ($M) - Regional Industry Research
11.3 Copper Market 2023-2030 ($M) - Regional Industry Research
11.4 Selenium Market 2023-2030 ($M) - Regional Industry Research
12.APAC Animal Feed Organic Trace Minerals:Application Estimate Trend Analysis Market 2023-2030 ($M)
12.1 Dairy Cattle Market 2023-2030 ($M) - Regional Industry Research
12.1.1 Animal Feed Organic Trace Mineral Market In Dairy Cattle Estimate And Forecast Market 2023-2030 ($M)
12.2 Poultry Market 2023-2030 ($M) - Regional Industry Research
12.2.1 Animal Feed Organic Trace Mineral Market In Poultry Estimate And Forecast Market 2023-2030 ($M)
12.3 Horse Market 2023-2030 ($M) - Regional Industry Research
12.3.1 Animal Feed Organic Trace Mineral Market In Horse Estimate And Forecast Market 2023-2030 ($M)
12.4 Pig Market 2023-2030 ($M) - Regional Industry Research
12.4.1 Animal Feed Organic Trace Mineral Market In Pig Estimate And Forecast Market 2023-2030 ($M)
13.MENA Animal Feed Organic Trace Minerals:Product Estimate Trend Analysis Market 2023-2030 ($M)
13.1 Zinc Market 2023-2030 ($M) - Regional Industry Research
13.2 Iron Market 2023-2030 ($M) - Regional Industry Research
13.3 Copper Market 2023-2030 ($M) - Regional Industry Research
13.4 Selenium Market 2023-2030 ($M) - Regional Industry Research
14.MENA Animal Feed Organic Trace Minerals:Application Estimate Trend Analysis Market 2023-2030 ($M)
14.1 Dairy Cattle Market 2023-2030 ($M) - Regional Industry Research
14.1.1 Animal Feed Organic Trace Mineral Market In Dairy Cattle Estimate And Forecast Market 2023-2030 ($M)
14.2 Poultry Market 2023-2030 ($M) - Regional Industry Research
14.2.1 Animal Feed Organic Trace Mineral Market In Poultry Estimate And Forecast Market 2023-2030 ($M)
14.3 Horse Market 2023-2030 ($M) - Regional Industry Research
14.3.1 Animal Feed Organic Trace Mineral Market In Horse Estimate And Forecast Market 2023-2030 ($M)
14.4 Pig Market 2023-2030 ($M) - Regional Industry Research
14.4.1 Animal Feed Organic Trace Mineral Market In Pig Estimate And Forecast Market 2023-2030 ($M)
LIST OF FIGURES
1.US Animal Feed Organic Trace Minerals Market Revenue, 2023-2030 ($M)2.Canada Animal Feed Organic Trace Minerals Market Revenue, 2023-2030 ($M)
3.Mexico Animal Feed Organic Trace Minerals Market Revenue, 2023-2030 ($M)
4.Brazil Animal Feed Organic Trace Minerals Market Revenue, 2023-2030 ($M)
5.Argentina Animal Feed Organic Trace Minerals Market Revenue, 2023-2030 ($M)
6.Peru Animal Feed Organic Trace Minerals Market Revenue, 2023-2030 ($M)
7.Colombia Animal Feed Organic Trace Minerals Market Revenue, 2023-2030 ($M)
8.Chile Animal Feed Organic Trace Minerals Market Revenue, 2023-2030 ($M)
9.Rest of South America Animal Feed Organic Trace Minerals Market Revenue, 2023-2030 ($M)
10.UK Animal Feed Organic Trace Minerals Market Revenue, 2023-2030 ($M)
11.Germany Animal Feed Organic Trace Minerals Market Revenue, 2023-2030 ($M)
12.France Animal Feed Organic Trace Minerals Market Revenue, 2023-2030 ($M)
13.Italy Animal Feed Organic Trace Minerals Market Revenue, 2023-2030 ($M)
14.Spain Animal Feed Organic Trace Minerals Market Revenue, 2023-2030 ($M)
15.Rest of Europe Animal Feed Organic Trace Minerals Market Revenue, 2023-2030 ($M)
16.China Animal Feed Organic Trace Minerals Market Revenue, 2023-2030 ($M)
17.India Animal Feed Organic Trace Minerals Market Revenue, 2023-2030 ($M)
18.Japan Animal Feed Organic Trace Minerals Market Revenue, 2023-2030 ($M)
19.South Korea Animal Feed Organic Trace Minerals Market Revenue, 2023-2030 ($M)
20.South Africa Animal Feed Organic Trace Minerals Market Revenue, 2023-2030 ($M)
21.North America Animal Feed Organic Trace Minerals By Application
22.South America Animal Feed Organic Trace Minerals By Application
23.Europe Animal Feed Organic Trace Minerals By Application
24.APAC Animal Feed Organic Trace Minerals By Application
25.MENA Animal Feed Organic Trace Minerals By Application
26.Alltech, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Archer Daniel Midland Co, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Biochem, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Tanke International Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Cargill Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Kemin Industries, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Mercer Milling Co , Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Novus International, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Nutreco N V, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Pancosma S A, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Royal Dsm N V, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Zinpro Corp, Sales /Revenue, 2015-2018 ($Mn/$Bn)