Home > Food, Nutrition & Animal Feed > Animal Feed Organic Trace Minerals Market

Animal Feed Organic Trace Minerals Market Size By Mineral (Zinc, Iron, Manganese, Copper), By Livestock (Ruminant, Swine, Poultry), Industry Analysis Report, Country Outlook Application Development, Price Trends, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI1402
  • Base Year: 2020
  • Report Format: PDF

Industry Trends

Animal Feed Organic Trace Minerals Market size exceeded USD 885 million in 2020 and is estimated to grow at around 6% CAGR between 2021 and 2027. The increasing outbreak of various infectious diseases especially in poultry raises the awareness related to the importance of optimal nutritional needs for animals among farmers and feed manufacturers. Increased awareness of veterinary nutrition has encouraged the use of high-quality feed supplements to improve the gut health and increase the yield thus stimulating the use of organic trace minerals.
 

Animal Feed Organic Trace Minerals Market

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These minerals help to enhance the immunity and metabolism of animals and improve the fertility rate. In addition, the innovation of organic trace elements for animal feeds from major market players to improve performance and product functionality has encouraged the farmers to choose organic trace elements for animal feeds over inorganic trace minerals thus driving the product demand.
 

With increasing consumer awareness, and interest in including high-protein foods such as chicken, pork, eggs in their daily diets will stimulate the demand for organic trace elements for animal feed. Furthermore, the ever-increasing world population and increasing consumer demand for poultry meat will continue to drive animal feed organic trace minerals market expansion over the forecast period. The ban on the use of synthetic and inorganic trace minerals containing heavy contaminants in feed products should further boost the market for organic trace minerals.
 

However, the raising concerns about achieving the desired level of stability with complex feed formulations can pose challenges for product prescribers. Moreover, standardization issues related to the production and marketing of feed products can slow market growth to some extent over the forecast period. Various technical constraints, such as the lack of efficient monitoring methods combined with complex testing methods, can hinder the growth of the animal feed organic trace minerals industry during the forecast period.
 

Benefits such as improving immunity power and the metabolism of animals is anticipated to promote zinc mineral segment of the market

Global Animal Feed Organic Trace Minerals Market Size By Zinc

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Animal feed organic trace minerals market from zinc segment is projected to surpass USD 530 million by 2027, growing at a CAGR of around 5.5% between 2021 and 2027. Zinc is an essential nutrient for animals as it is linked to the functioning of enzymes and hormones. It promotes growth, increases immunity power, modulates the reproduction of animals, and improve the metabolism of livestock. Rising awareness among farmers regarding the importance of the health and nutrition of livestock animals is expected to trigger market statistics over the forecast period.
 

Favorable schemes & initiatives undertaken by governments of different countries across the world to encourage farming activities should further raise the product demand in feed products. For instance, the Indian government has undertaken the National Livestock Mission and Poultry Breeding and Poultry Seed projects under AICRP to promote the poultry industry growth.
 

Rising consumption of processed meat in emerging economies to escalate the product demand for ruminant

Global Animal Feed Organic Trace Minerals Market Size for Ruminant

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The increasingly busy urban lifestyle in the Asia Pacific and Latin America region has led consumers to choose convenient foods that take less time to cook and prepare. Increasing taste for cooked meals is stimulating the market for processed meat especially beef products. Changing consumer trends related to snacks and the introduction of new flavors has increased the sales of processed meat products such as jerky, hot dogs, pepperoni, and sausages
 

The most important attributes consumers demand for ready-made meals are ease of use, packaging, nutritional value, safety, versatility, and product appeal. Processed meat products are prepared by adding various preservatives under certain conditions, and very few require an efficient supply chain and storage to maintain their properties. Trace organic minerals provide nutrition, improve health of animal and lead to extended shelf life and improved meat quality thus used in ruminant feed.
 

According to UNEP, 8 out of 10 Metro Thais and 7 out of 10 Indonesians eat at least once a day. The growing popularity of frozen and ready-to-eat meat products is expected to drive the demand for processed beef, pork, and others meat during the forecast period. The animal feed organic trace mineral market from ruminant was valued at over USD 320 million in 2020 and is expected to grow at a CAGR of around 6% over the assessment period.
 

Favorable regulatory environment & initiatives undertaken by governments to stimulate European animal feed organic trace mineral market outlook

Europe Animal Feed Organic Trace Minerals Market Size

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Europe emerged as an important region in the animal feed organic trace minerals market and accounted for over USD 250 million in 2020 and is expected to grow at a CAGR of 5.5% over the review period. This is mainly attributed to favorable regulatory environment & initiatives undertaken by governments along with the growing demand from fast food chains & quick service restaurants in the region.
 

Supporting regulations regarding feed additives and premixtures along with harmful effects of synthetic feed ingredients in meat products are likely to encourage the use of natural ingredients in feed additives, propelling the animal feed organic trace minerals market share in the region. Favorable government schemes and subsidies to promote the growth of the livestock sector in Europe and an increase in the number of meat factories exporting meat products will further propel the regional market forecasts.
 

Increasing investments in R&D and product innovations by industry participants to accelerate market competitiveness

Key players in the animal feed organic trace mineral market are Alltech, Inc, Royal DSM, Archer Daniels Midland Company, Vamso Biotec Pvt. Ltd., Novus International, Inc., Pancosma SA, Cargill, Biochem, and Nutreco N.V. The companies are engaged in extensive research & development to develop innovative products to improve the quality of products and expansion of production facilities to cater the growing demand. For instance, in January 2021, Cargill has opened world’s largest animal nutrition and premix facility in Ohio, US. This plant has the capacity of producing 154,00 tons of non-medicated animal nutrition products and premix for poultry, livestock and pet animals.
 

The global animal feed organic trace mineral market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2016 to 2027 for the following segments:

By Mineral

  • Zinc
  • Iron
  • Manganese
  • Copper
  • Others

By Livestock

  • Ruminant
  • Swine
  • Poultry
  • Others

The above information has been provided for the following countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Thailand
    • Australia
    • Malaysia
    • Indonesia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • UAE
    • Saudi Arabia

 

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Global market for animal feed organic trace minerals had surpassed USD 885 million in 2020 and will witness a CAGR of over 6% through 2027 with the growing need to provide optimal animal nutrition among farmers and feed manufacturers.

Zinc segment will record a valuation of over USD 530 million by 2027 owing to the product ability to promote growth, increase immunity, and improve the metabolism of livestock.

European market for animal feed organic trace minerals will exhibit a CAGR of 5.5% through 2027 owing to presence of favorable regulatory scenario and rising demand from the fast-food chains & quick service restaurants in the region.

The major players in the market are Alltech, Inc, Royal DSM, Archer Daniels Midland Company, Vamso Biotec Pvt. Ltd., Novus International, Inc., Pancosma SA, Cargill, Biochem, and Nutreco N.V. among others.

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Premium Report Details

  • Published Date: Jan 2022
  • Companies covered: 18
  • Tables & Figures: 247
  • Countries covered: 20
  • Pages: 300

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