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The animal feed organic trace minerals market share from the dairy segment is anticipated to witness a 7% CAGR through 2032, on account of mounting product utilization due to the high protein deficiency in cows that eat low-quality feed. The booming demand for milk and its byproducts resulting from the increasing consumer affordability, coupled with prominent government initiatives that encourage milk production, is expected to stimulate the market growth. For instance, in June 2022, the New York Commissioner of Agriculture Richard A. Ball highlighted the initiatives that the department is undertaking to promote dairy sector development in the state during June's Dairy Month.
The animal feed organic trace mineral market from the zinc segment is estimated to reach USD 680 million by the end of 2032, owing to the rising product demand to prevent negative consequences related to zinc deficiency, such as anorexia, skin and appendage abnormalities, skeletal diseases, and reproductive problems in animals. Furthermore, while dietary intake of vital elements has demonstrated potential advantages that all farmers seek for the production of healthy livestock, companies and scientists are investing in R&D to improve the dosages of zinc oxide in animal feed, which is estimated to favorably influence the market growth.
The Europe animal feed organic trace minerals market size is poised to exceed USD 445 million by 2032. The European food system has emerged as a trusted provider of nutritious, safe, and high-quality food on a global scale due to modernization, innovative technology, and improvements in agricultural techniques that lead to more efficient and eco-friendly meat production. Furthermore, Europe has witnessed a surge in aquaculture feed consumption and high demand for chicken meat due to its healthier image compared to other meats, ease of preparation, lack of religious restrictions, and relatively lower price, which is projected to impel the market progression.