Animal Feed Organic Trace Minerals Market Is Projected To Be Around $869.55 Million By 2025
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A research study titled, “Animal Feed Organic Trace Minerals Market by Product and Application - Global Industry Analysis and Forecast To 2025” published by Crystal Market Research, states that the Animal Feed Organic Trace Minerals Market is projected to be around $869.55 million by 2025.
The global animal feed organic trace minerals market was worth USD 484.67 million in the year 2016 and is predicted to reach approximately USD 869.55 million by 2025, while registering itself at a compound annual growth rate (CAGR) of 6.71% during the forecast period. Organic trace minerals also known as Chelates in animal feed are the organic form of trace minerals like zinc, copper, iron and manganese. These organic trace minerals are absorbed and digested by animals better in comparison to minerals that are inorganic. These minerals are used in extremely low concentrations in animal’s feeds as some of them can be harmful if utilized in access. The prime role of these minerals is to avert a variety of diseases and deficiencies in animals. Trace minerals provide benefits in metabolic processes and are vital for best of growth, health and productivity. These minerals guarantee excellent growth, development of bone, good quality of skin and hair in mammals and feathering in birds. These minerals aid poor immune responses, poor appetite and growth and reproductive failures.
The global animal feed organic trace minerals Market has reflected substantial growth and is expected to grow significantly due to a variety of benefits. Additionally, a switch in the food pattern that involves proteins from meat is said to boost the demand of organic trace minerals. The consumption of zinc in animals is vital as it improves immunity and capacity of reproduction. Increased utilization in animals such as horses, pigs, poultry and dairy cattle is said to boost the growth of this market. Additionally, as pork is a rich form of protein it is one of the most consumed meat which is anticipated to influence the growth of the organic trace minerals market significantly.
On the grounds of product the global animal feed organic trace minerals market is segmented into zinc, copper, iron and selenium. On the basis of application the market is segmented into poultry, horses, pigs and dairy cattle. The leading players in this market are Nutreco N.V. Expansions & investments, Royal DSM NV, Archer Daniels Midland Co and Alltech. Geographically, this market is segmented into North America, Asia Pacific, Europe and Rest of the World.
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Key Findings of the organic trace minerals market
- The global demand of the organic trace minerals is anticipated to grow significantly owing to its exceptional benefits on animals.
- The zinc market was worth USD 149.7 million in the year 2016 which was higher than all the other products owing to its benefits of enhancing immunity and metabolism.
- The requirement of organic trace minerals in pig is anticipated to witness significant growth due to increasing demand of pork as it is rich in proteins.
- Asia Pacific is said to reflect the fastest growth due to rising awareness of animal health and importance of organic trace minerals.
- Due to being highest number of consumers in the region, the United States led the North American market in 2016.