Global Trace Minerals In Feed Market Size, Drivers, Trends, Opportunities And Strategies – Includes Trace Minerals In Feed Market Growth
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Rising meat and fish consumption are likely to promote trace mineral innovation in feed manufacture, propelling the market during the forecast period.
The global trace minerals in feed market is expected to grow from $496.98 billion in 2022 to $526.43 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The global trace minerals in feed market size is expected to reach $652.23 billion in 2027 at a CAGR of 5.5%.
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Global Trace Minerals In Feed Market Segments Include:
- By Type: Zinc, Copper, Cobalt, Manganese, Iron, Chromium, Other Types
- By Chelate Type: Amino Acids, Proteinates, Polysaccharides, Other Chelate Types
- By Livestock: Poultry, Ruminant, Swine, Aquaculture, Other Livestock
- By Form: Dry, Liquid
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global trace minerals in feed market in 2021.
Major Market Players in the trace minerals in feed market include Cargill Inc., Archer-Daniels-Midland Company (ADM), BASF SE, Bluestar Adisseo Co. Ltd., Nutreco N.V., Alltech Inc., Zinpro Corp., Novus International Inc., Kemin Industries Inc.
Product innovations have emerged as a prominent trend in the trace minerals in feed market. To boost their market position, major firms in the trace minerals in feed industry are producing unique products. For example, Zinpro Corporation, a US-based innovator and manufacturer of high-performance organic trace minerals, will offer Zinpro IsoFerm for dairy nutrition in October 2022. The Zinpro IsoFerm’s unique features include enhancing rumen activity by directly feeding fiber-digesting bacteria using game-changing technology. It is intended to optimise feed efficiency, promote sustainability, and increase profitability.
The Trace Minerals In Feed Global Market Report 2023 provides a trace minerals in feed market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The trace minerals in feed market forecast analyzes trace minerals in feed market size, trace minerals in feed market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trace minerals in feed are nutritional components that are added to production and companion animal diets in trace proportions. It is used to provide nutrients to animals for metabolic processes like as growth and development, immunity, and reproduction.
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