Animal Feed Organic Trace Minerals Market Size By Mineral (Zinc, Iron, Manganese, Copper), By Livestock (Ruminant, Pig, Poultry, Aquaculture), Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Russia, Spain, China, India, Japan, Australia, Indonesia, Thailand, Malaysia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Published Date: April 2017 | 200 Pages | Report ID: GMI1402 Report Format: PDF
Animal Feed Organic Trace Minerals Market size was over USD 490 million in 2016 and will witness CAGR over 6.5% from 2017 to 2024.
Europe Animal Feed Organic Trace Minerals Market Size, By Mineral, ($Mn), 2016 & 2024
Upsurge in global meat & dairy production due to its increasing consumption will drive animal feed organic trace minerals market size. The industry will witness a significant gain as trace minerals assist in activating essential hormones and enzymes which are vital for metabolic processes in livestock. Factors such as immunity, optimum health and skeletal development, is likely to boost product demand.
As per FAO, global meat production was more than 300 million tons in 2015, and is estimated to witness growth over 1.5%. High concentration of meat production in China, India, and South Asia will drive the Asia Pacific animal feed organic trace minerals market. As per statistics, people round the world devour an average of 75 pounds of meat per person, per year. In the developing nations, people consume 32 kilograms of meat a year on average, compared to 80 kilograms per person in the industrial world. Australian are ingesting highest meat at about 198.87 lb/per capita, followed by U.S., Argentina, Israel, Brazil, Uruguay, New Zealand, Chile and Canada.
Increasing awareness pertaining to ruminant health coupled with rising side effects of chemically processed products will propel the industry growth. Rising health concerns due to deficiency of vital ingredients in the forage has led to a surge in demand for animal feed organic trace minerals market. Bovine spongiform encephalopathy, chronic disease, and microbial contamination are the major diseases found due to nutritional deficiency.
High product consumption in ruminant owing to its stimulating benefits including improved milk quality, enhanced mammary health, high production and reproductive efficiency will surge the industry growth. Ruminant is major contributor accounting for more than 35% of the Europe animal feed organic trace minerals market share in 2015.
Expansion in the feed industry particularly in the emerging nations is expected to propel the industry demand. Global feed market was worth over USD 450 billion in 2015. Poultry dominated the overall production accounting for more than 45%, followed by pigs accounting for 27% in 2015. Rise in global food demand has enhanced the animal feed organic trace minerals market penetration for enhanced meat production.
Technological advancement in forage industry coupled with rising livestock breeding mainly in China, India and Brazil will drive animal feed organic trace minerals market growth. Stringent government rules and regulations particularly through REACH and FDA towards inorganic product consumption and unsafe fodder production will further fuel the product market growth in the forecast time frame. However, increase in R&D expenditure related in developing organic minerals are higher in comparison to inorganic counterparts which hamper the price effect of animal feed organic trace minerals market.
Animal Feed Organic Trace Minerals Market, By Mineral
Zinc should surpass USD 230 million in 2016, as it is a vital ingredient in livestock fodder for improving the immunity of animals. Increased product consumption in catalytic, structural, regulatory functions and RNA/ DNA synthesis by increasing replication and cell proliferation will propel animal feed organic trace minerals market demand.
Iron is one of the major consumed micronutrient mineral followed by zinc and accounted above17% of the market share in 2016. Iron is crucial for the digestion of ruminants as it the key oxygen carrier in the body. Other major micronutrients elements include manganese and copper used in livestock fodder to improve the resistance of diseases. High demand for micronutrient elements mainly in South America, Europe, and Asia Pacific is driving animal feed organic trace minerals market growth.
Key micronutrients including zinc, copper, and selenium are involved in vitamin metabolism and protein in livestock. Micronutrient are essential for lactation performance, reproductive status, and immune system of dairy cows to optimize the productivity and health of dairy cows.
Animal Feed Organic Trace Minerals Market, By Livestock
Animal feed organic trace minerals market size from poultry will witness gains over 7%. Increasing domestic consumption supplemented with low international cost leads to rise in demand for poultry meat particularly in South Africa, Vietnam, Japan, Cuba, UAE and Saudi Arabia. The global poultry meat was 116 million tons in 2016 and will exceed 131 million tons by 2024.
Substantial number of pork meat manufacturing facilities in Europe especially in Germany and France will propel animal feed organic trace minerals market revenues. Latin America, led by Brazil revenues generated from pig were over USD 3.5 million in 2016 and is anticipated to grow by 5% by 2024.
Ruminant market is estimated to worth over USD 300 million up to 2024. Rising demand for milk and milk products will propel the industry in this segment. Rise in global consumption of red meat may further drive animal feed organic trace minerals market.
Animal Feed Organic Trace Minerals, By Region
Europe will dominate the market and is anticipated to value over USD 280 million in 2024. Europe meat production is expected to increase over forecast time frame. Increasing consumption of forage additives including carotenoids, vitamins and enzymes are anticipated to create attractive opportunities for animal feed organic trace minerals market.
Asia Pacific, led by China, India and Australia, will witness highest gains at 7.5%, attributed to rise in consumption of livestock food as a source of protein coupled with growing awareness about benefits of these trace elements over inorganic trace minerals. The region also consumes largest global meat and processed meat, accounted for over 65% of the total market share in 2015, which will drive animal feed organic trace minerals market demand with increased demand for liquid feed industry.
Rapid industrialization has directed to increase in meat production and consumption in China. As per recent statistics, the average Chinese person consumes 60 kg of meat per year. Chinese population obtained about 10% of its calories from animal products including dairy, eggs, and meat and remaining 90% from carbohydrates including beans, tubers, wheat, and rice. City living individuals consume twice as much meat as those staying in rural areas, and the urbanization rate in China will surpass over 50% and may poise over 60% by 2024.
U.S. witnessed rise in demand of animal feed organic trace minerals owing to stringent environmental regulations by government and increasing concerns among people towards health and nutritional food products which will drive industry growth in the nation. Also, availability of various retail outlet and hectic work schedule will enhance animal feed organic trace minerals market size positively.
Competitive Market Share
Global animal feed organic trace minerals market is highly competitive in nature owing to the presence of numerous regional and local manufacturers. Industry participants include Royal DSM, Zinpro Corp, ADM, Biochem, Tanke Biosciences Corp. Other key players are Kemin Industries Limited., Selko, Novus International Pancosma, QualiTech Corp, Vamso Biotec, Ridley and Nutreco NV. Joint ventures and acquisitions are the key strategies adopted by companies. For instance, Nutreco has acquired Micronutrients to further strengthen its Selko fodder additives product portfolio.
Most of the industry participants of animal feed organic trace minerals market are engaged in mergers & acquisitions and product development to expand business and create strong customer base. For instance, in December 2015, Nutreco, a manufacturer of these organic trace minerals has signed an agreement with Heritage Group, owner of Micronutrients to acquire hydroxy based animal trace minerals. This acquisition allows Nutreco's animal nutrition business segment, Trouw Nutrition to further strengthen its Selko Feed Additives product portfolio.
Thesee minerals are metallic ions necessary to resist against diseases. Glutathione reductase, thioredoxin reductase, superoxide dismutase, glutathione peroxidase, ceruloplasmin, and catalase are key enzymes that act as an oxidants neutralizer. Enzymes play a key role against chemical agents produced under different stresses and contribute to general health of livestock by enhancing the immune system.
When an animal is fed with organic minerals, it can store some of that mineral in its tissue. This provides a reserve for the animal but more importantly those minerals help to make meat more nutritious and the advantage can move up the food chain ecosystem in the environment. Organic trace minerals are used in animals to increase gut absorption and enhance bioavailability. When minerals are bound to chelating agents consisting hydrolysed proteins or amino acids, they turn out to be more stable and less reactive in the digestive tract.
Animal feed organic trace minerals market is administered by various regulatory bodies in different countries. These micronutrient elements to be used for poultry diet are obligatory to undergo stringent approval process by these regulatory bodies including EFSA, EU and FDA.
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