Animal feed organic trace minerals market size is set to surpass USD 1.3 billion by 2027, according to a new research report by Global Market Insights Inc.
Growing awareness regarding the importance of good health & optimum nutrition for livestock animals is likely to raise the demand for high-quality feed additives. Increasing prevalence of livestock diseases & infections and health hazards of synthetic additives in animal feed has also supported the adoption of organic minerals in animal feed. Moreover, the growing inclination of feed manufacturers to incorporate natural ingredients in animal feed and stringent regulations regarding the use of feed additives should further escalate product demand during the assessment period.
Health benefits such as better metabolism, improved fertility, regular nervous system function offered by copper increases its adoption in animal feed thereby boosting the market expansion
Copper in an animal feed acts as a pro-oxidant and offers health benefits such as better metabolism, neurotransmitter metabolism, improved nervous system function, formation of antibodies and melanin formation. Moreover, copper maintain a high degree of stability of the nutrients added in animal feed for a prolonged period. This aids in reducing the overall cost and excess use of feed nutrients used to manufacture the product, in turn, reducing the overall product’s cost.
The ability of copper to support the stability of added vitamins and other nutrients along with the benefits offered will boost the segment growth. The animal feed organic trace minerals market from copper segment exceeded USD 130 million in 2020 and is expected to grow at a CAGR of around 7% over the forecast period.
Browse key industry insights spread across 300 pages with 225 market data tables and 15 figures & charts from the report, “Animal Feed Organic Trace Minerals Market Statistics By Mineral (Zinc, Iron, Manganese, Copper), Livestock (Ruminant, Swine, Poultry), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Rising demand for premium quality poultry feed additives to improve the poultry production will boost animal feed organic trace minerals market share
Poultry products such as chicken, eggs have witnessed significant consumer demand due to their high protein content and easy availability and economical cost. Feed trace mineral are used as an additive to regulate normal body functions, maintain overall growth, and improve the gut health and reproduction capacity in poultry animals, which makes them an important additive in poultry feed. Poultry farmers are using high quality feed products to meet the rising demand for eggs and chicken globally thus boosting the market size.
Animal feed organic trace minerals market from poultry application crossed USD 300 million in 2020 and is expected to grow at a CAGR of over 6% over the review period. Growing health consciousness among the consumers have encouraged them to seek for protein-rich food products and switch from red meat to white meat. Though red meat contains higher level of vitamins & minerals, lower fat content of white meat has attracted the consumer to include white meat in their diet. Growing health consciousness along with the rising demand for poultry products has propelled the demand for organic trace minerals in poultry feed.
Increasing meat consumption and favorable regulatory scenario related to the use of feed additives will promote the use of organic trace mineral in Asia Pacific
Animal feed organic trace minerals market in Asia Pacific is estimated to reach USD 280 million by 2027 and is expected to grow at a CAGR of over 7% between 2021 and 2027. This can be attributed to the increased consumption of meat and meat-based products and favorable regulatory scenario such as, encouraging the use of natural ingredients and additives in animal feed products, boosting market forecasts.
Emerging countries such as China and India are experiencing drastic economic growth, increasing disposable income, increasing adoption of protein-rich food products and urbanization leads to increase in consumption of meat products thereby driving the market size.
According to OECD and FAO China alone consumes around 28% of the world’s meat including pork, poultry and others. Rising meat demand in accordance with rising population will support the animal feed organic trace minerals industry over the projected period. In addition, the favorable regulations related to the quality standards of organic feed ingredients and production & safety of animal feed products has surged the demand for organic trace mineral in Asia Pacific.
Increasing efforts by manufacturers to develop cost-effective feed solutions that are capable of improving gut health and increasing the yield of meat are likely to propel market outlook. Extensive R&D and technological collaborations of leading market players with other companies will further foster the market statistics in the region.
The prominent players operating in the animal feed organic trace minerals market are also focusing on entering into collaborations and technological partnerships with other market participants to develop innovative products to cater customer’s need effectively. Zinpro Corporation, Vamso Biotec Pvt. Ltd., Tanke Biosciences Corporation, Royal DSM, Alltech, Inc., and Archer Daniels Midland Company are some of the major players in the market.