Animal Feed Organic Trace Minerals Market Size, Share, Industry Analysis, Trends, Growth, 2032

Animal Feed Organic Trace Minerals Market

Animal Feed Organic Trace Minerals Market By Product (Iron, Zinc, Copper, Selenium and Others), By Application (Poultry, Dairy Cattles, Horses, Pigs and Others) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032

Category: Food & Beverage Report Format : PDF Pages: 203 Report Code: ZMR-8246 Published Date: May-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 763.85 Million USD 1,489.12 Million 7.7% 2023

Animal Feed Organic Trace Minerals Market

Animal Feed Organic Trace Minerals Industry Prospective:

The global animal feed organic Trace Minerals market size was worth around USD 763.85 million in 2023 and is predicted to grow to around USD 1,489.12 million by 2032 with a compound annual growth rate (CAGR) of roughly 7.7% between 2024 and 2032.        

Global Animal Feed Organic Trace Minerals Market SizeRequest Free Sample 

Animal Feed Organic Trace Minerals Market: Overview

The manufacturing of animal feed requires critical nutrients such as iron, copper, manganese, zinc, and selenium, which are included in animal feed organic trace minerals. To raise animal health and enhance feed quality, they are added in tiny amounts. Organic trace minerals added to animal feed boost immunity and metabolism while increasing the rate of reproduction. Small levels of nutrients from organic sources help achieve the same production goals as inorganic trace minerals, but organic trace minerals are a bioavailable source. These minerals are therefore frequently utilized for aquaculture, dairy cattle, meat, swine, and pets.

Key Insights

  • As per the analysis shared by our research analyst, the global Animal Feed Organic Trace Minerals market is estimated to grow annually at a CAGR of around 7.7% over the forecast period (2024-2032).
  • In terms of revenue, the global Animal Feed Organic Trace Minerals market size was valued at around USD 763.85 million in 2023 and is projected to reach USD 1,489.12 million, by 2032.
  • The increasing demand for organic food is expected to propel the market growth during the forecast period.
  • Based on the product, the zinc segment is expected to capture the largest market share over the forecast period.
  • Based on the application, the Poultry segment is expected to dominate the market over the forecast period.
  • Based on region, the Asia Pacific is expected to lead the market during the forecast period.

Global Animal Feed Organic Trace Minerals MarketRequest Free Sample

Animal Feed Organic Trace Minerals Market: Growth Drivers

Rising organic product demand drives market growth

There is a trend in the livestock sector that corresponds with health-conscious customers' increasing desire for ethically sourced and environmentally sustainable products. These consumer expectations are reflected in the preference for organic trace minerals in animal feed, which shows a dedication to giving animals nutrition that is thought to be healthier and more natural. Producers are prompted to add organic trace minerals into animal feed formulations to match the growing demands of a discriminating market, and this consumer-driven demand is a major driving force behind the market's expansion.

Animal Feed Organic Trace Minerals Market: Restraints

Limited availability of raw materials hinders market growth

The procurement of particular organic and sustainable raw materials, which may have constraints on consistency and quantity, is necessary for the manufacture of organic trace minerals. The manufacturing processes can be disrupted by difficulties in obtaining a consistent supply of these materials, which could result in shortages and impact the scalability of the industry. This limitation highlights how crucial it is to create strong and trustworthy supply chains for the production of organic trace minerals to satisfy the growing demand from the animal feed sector.

Animal Feed Organic Trace Minerals Market: Opportunities

Technological advancement in manufacturing offers a lucrative opportunity for market growth

Improvements in technology make it possible to create production processes that are more productive and cost-effective for manufacturers. Businesses may increase production to meet rising demand without sacrificing product quality because of increased efficiency. Innovative formulations with improved bioavailability and efficacy can be made possible by advanced production technology, more accurately meeting the unique nutritional requirements of animals. As a result, market participants can serve a wider spectrum of clients and obtain a competitive advantage within the sector.

Animal Feed Organic Trace Minerals Market: Challenges

Regulatory complexity poses a major challenge to market expansion

There might be regional and national variations in the regulatory frameworks that control the use of feed additives, including organic trace minerals. For manufacturers and distributors who operate in numerous markets, complying with complex rules, registration procedures, and approval processes adds additional administrative expenses and responsibilities.

Animal Feed Organic Trace Minerals Market: Segmentation

The global animal feed organic trace minerals industry is segmented based on product, application, and region.

Based on the product, the global animal feed organic trace minerals market is bifurcated into Iron, Zinc, Copper, Selenium and Others. The zinc segment is expected to capture the largest market share over the forecast period. The increasing need for zinc as a trace element in feeds to support the health of metabolic processes overall is the cause of the rise. The correct operation of numerous hormones, metabolic reactions, protein synthesis, and antioxidant enzymes is guaranteed by zinc alone. Any zinc deficiency can lead to several issues, including decreased appetite, weakened immunity, and slow growth. Thus, driving the segment growth.

Based on the application, the global animal feed organic trace minerals industry is segmented into Poultry, Dairy cattle, Horses, Pigs and Others. The Poultry segment is expected to dominate the market over the forecast period. The poor health of ducks, swine, turkeys, and chickens is the cause of the expansion. Compared to other animals, they have a higher prevalence of infections because they cannot digest more than 25% of their diet. Furthermore, the enormous consumption of chicken and turkey meat—which is nutrient-rich, tasty, and reasonably priced—makes this market a topic of attention. Conversely, globally renowned inventive items such as McDonald's Chicken McNuggets are well-known. As a result, to protect animal welfare while ensuring product quality, owners are attempting to meet the high demand.

Animal Feed Organic Trace Minerals Market: Report Scope

Report Attributes Report Details
Report Name Animal Feed Organic Trace Minerals Market
Market Size in 2023 USD 763.85 Million
Market Forecast in 2032 USD 1,489.12 Million
Growth Rate CAGR of 7.7%
Number of Pages 203
Key Companies Covered Cargill Inc., Biochem, Archer Daniels Midland Co., Alltech Inc., Tanke International Group, Kemin Industries Inc., Novus International Inc., Mercer Milling Co. Inc., Pancosma SA, Nutrco NV, Royal DSM NV, Zinpro Corp., and others.
Segments Covered By Product, By Application, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Regional Analysis

The Asia Pacific is expected to dominate the market during the forecast period

The Asia Pacific is expected to dominate the market growth during the forecast period. Due to the expanding meat industry, rising demand, and the presence of important manufacturers in the region, Asia saw the highest demand for organic trace minerals in animal feed. China, a significant customer, topped the Asia Pacific area in 2019. The Asia-Pacific area is seeing significant economic growth, which is driving up demand for animal protein, particularly in China, India, Malaysia, and Thailand. Because of the rising demand for meat protein, the region is producing more meat, and feed containing organic trace elements is being taken up by feedholders at a pace that is predicted to expand significantly.

In addition to increasing nutritional value, organic trace elements are becoming more and more important in the area because they help enhance meat quality by removing unhealthy inorganic options. Besides, North America is expected to grow significantly over the forecast period. This area is home to several significant producers of organic trace minerals, such as Cargill, Inc., Alltech, and Archer Daniels Midland Co. The growing demand for meat in this area is one of the primary factors driving the animal feed industry, which in turn drives up the need for organic trace minerals.

Animal Feed Organic Trace Minerals Market: Competitive Analysis

The global Animal Feed Organic Trace Minerals market is dominated by players like:

  • Cargill Inc.
  • Biochem
  • Archer Daniels Midland Co.
  • Alltech Inc.
  • Tanke International Group
  • Kemin Industries Inc.
  • Novus International Inc.
  • Mercer Milling Co. Inc.
  • Pancosma SA
  • Nutrco NV
  • Royal DSM NV
  • Zinpro Corp.

The Global Animal Feed Organic Trace Minerals market is segmented as follows:

By Product

  • Iron
  • Zinc
  • Copper
  • Selenium
  • Others

By Application

  • Poultry
  • Dairy Cattles
  • Horses
  • Pigs
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The manufacturing of animal feed requires critical nutrients such as iron, copper, manganese, zinc, and selenium, which are included in animal feed organic trace minerals. To raise animal health and enhance feed quality, they are added in tiny amounts. Organic trace minerals added to animal feed boost immunity and metabolism while increasing the rate of reproduction. Small levels of nutrients from organic sources help achieve the same production goals as inorganic trace minerals, but organic trace minerals are a bioavailable source. These minerals are therefore frequently utilized for aquaculture, dairy cattle, meat, swine, and pets.

The Animal Feed Organic Trace Minerals market is being driven by several factors including rising demand for quality animal products, improved animal health and performance, technological advancements, global livestock production trends, consumer awareness and preference and many others.

According to the report, the global market size was worth around USD 763.85 million in 2023 and is predicted to grow to around USD 1,489.12 million by 2032.

The global Animal Feed Organic Trace Minerals market is expected to grow at a CAGR of 7.7% during the forecast period.

The global Animal Feed Organic Trace Minerals market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the growing meat consumption.

The global Animal Feed Organic Trace Minerals market is dominated by players like Cargill Inc., Biochem, Archer Daniels Midland Co., Alltech Inc., Tanke International Group, Kemin Industries Inc., Novus International Inc., Mercer Milling Co. Inc., Pancosma SA, Nutrco NV, Royal DSM NV and Zinpro Corp. among others.

The Animal Feed Organic Trace Minerals Market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.

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