Trace Minerals in Feed Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

Trace Minerals in Feed Market: Market Segments:

By Type

(Iron, Zinc, Manganese, Copper, Cobalt, Chromium and Other); By Chelate Type (Amino Acids, Proteinates, Polysaccharides and Other); By form (Dry and Liquid); By livestock (Poultry, Ruminant, Swine, Aquaculture and Other); and Region – Global Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Product Overview
Trace minerals provide the essential nutrients animals need for metabolic functions such as growth and development, immunity and reproduction. Even moderate deficiencies can adversely impact animal performance.
Market Highlights
Trace Minerals in Feed Market is expected to project a notable CAGR of 5.3% in 2030.
Trace Minerals in Feed Market to surpass USD 712 Million by 2030 from USD 470 Million in 2018 at a CAGR of 5.3% throughout the forecast period, i.e., 2019-30. Trace minerals in animal feed is expected to increase as nutritional awareness among farmers increases thus boosting the market. It is expected that knowledge of trace minerals and their roles would increase the demand for trace minerals in animal feed. Demand in Asia Pacific is expected to be strong due to large portions of cultivated land.
Trace Minerals in Feed Market: Segments
Iron segment to grow with the highest CAGR during 2019-30
Trace Minerals in Feed Market is segmented by Type as Iron, Zinc, Manganese, Copper, Cobalt, Chromium and Other. The Iron segment in Trace Minerals in Feed held the largest revenue share of XX.X% in 2019 as Iron is one of the most important minerals required for the optimum functioning of the body. Iron cannot be ingested in its elemental form; thus, it is available in the form of oxides and carbonates as additional alternatives to iron, red iron oxide, yellow iron oxide, ferrous sulphate and iron carbonate are used.
Trace Minerals in Feed Market: Market Dynamics
Drivers
Increasing Worldwide Meat and Fish Consumption
There has been a marginal effect of the global economic downturn on the global meat industry, which has retained its optimistic outlook. The Asia-Pacific and South American regions are projected to see the highest growth in meat consumption due to shifting diet habits, urbanisation, population and economic growth.
Restrain
Stringent regulatory framework
Regulatory specifications for different feed additives have been defined by regulatory bodies such as the European Commission and the U.S. Department of Agriculture (USDA). Over the years, thresholds have been lowered for critical minerals, such as zinc, copper, and manganese. Minerals, such as selenium and chromium, however, were used in the upper limits, which remained constant.
Trace Minerals in Feed Market: Key Players
• BASF
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
• ADM
• Kemin
• BluestarAdisseo
• Phibro
• Alltech
• DSM
• DLG Group
• Nutreco
• Zinpro
• Cargill
• Invivo
• Novus
Trace Minerals in Feed Market: Regions
Trace Minerals in Feed Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Trace Minerals in Feed Market in Europe held the largest market share of 50.7% in the year 2018. The widespread use of trace minerals in European animal nutrition is due to the European Commission's focus in the early stages of growth on reducing input costs and improving animal health. In animal nutrition, the use of trace minerals depends on factors such as cost-effectiveness, availability, policies and regulations. The favourable conditions laid down by the European Commission, such as the rules relating to the use of feed materials, feed hygiene standards and regulations relating to undesirable substances in feed, have had a positive effect on the feed industry, which is expected to boost the growth of trace minerals in the feed sector in Europe.
Trace Minerals in Feed Market report also contains analysis on:
Trace Minerals in Feed Market Segments:

By Type

:
• Zinc
• Copper
• Cobalt
• Manganese
• Iron
• Chromium
• Other
By Chelate type:
• Amino acids
• Proteinates
• Polysaccharides
• Other
By Form:
• Dry
• Liquid
By Livestock:
• Poultry
• Ruminant
• Swine
• Aquaculture
• Other

• Trace Minerals in Feed Market Dynamics
• Trace Minerals in Feed Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
FAQs on Trace Minerals in Feed Market
· Which segment is anticipated to hold the largest market share?
· At what CAGR is the market anticipated to grow between 2020 and 2030?
· Who are the key players in the Trace Minerals in Feed Market?
· What could be the challenging factors in the growth of Trace Minerals in Feed Market?
· What are the growth drivers for the Trace Minerals in Feed Market?

Frequently Asked Questions