According to the report by Expert Market Research (EMR), the global animal feed organic trace minerals market size reached a value of USD 638.43 million in 2022. Aided by the growth of the animal feed sector worldwide and the demand for clean and organic products, the market is projected to further grow at a CAGR of 8.60% between 2024 and 2032.
Organic trace minerals, which are primarily chelated to amino acids or peptides, are vital for the optimal growth, reproduction, and overall health of animals. Comprising of minerals like zinc, copper, selenium, and manganese, these organic compounds have found extensive adoption in animal feed, with the objective of improving the nutritional quotient and promoting better livestock health. They are also pivotal in increasing the bioavailability of essential minerals in animals, ensuring that livestock derive maximum nutritional benefits from their feed.
One of the growing animal feed organic trace minerals market trends is the burgeoning inclination towards naturally derived feed additives. With increasing concerns about the adverse effects of synthetic additives on animal health, organic trace minerals have strengthened their position in the market. They offer a dual advantage by not only augmenting the mineral content of feed but also reducing the environmental footprint, given that they exhibit better absorption rates in animals.
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Continuously expanding livestock production globally is a major driver boosting the animal feed organic trace minerals market growth. With the burgeoning global population and escalating meat consumption, the livestock industry is under immense pressure to enhance the quality and quantity of meat. This further bolsters the demand for enriched animal feed, where organic trace minerals play a quintessential role.
Organic trace minerals are integral in ensuring high-quality milk production, improving the reproductive health of dairy animals, and boosting their immunity. As the global appetite for dairy products rises, the emphasis on administering enhanced animal feed to dairy livestock is expected to grow, thus favouring the animal feed organic trace minerals market demand .
Furthermore, ongoing technological innovations in the realm of animal nutrition research are set to create new opportunities for this market. The development of advanced chelation technologies, coupled with rigorous research on the symbiotic effects of various minerals on animal health, is likely to augment the quality and efficacy of organic trace minerals in the foreseeable future.
The animal feed organic trace minerals market size is likely to benefit from the increased strategic alliances, mergers, and acquisitions among leading market players. These collaborative endeavours aim to leverage mutual strengths, augment research capacities, and expedite the introduction of advanced, high-efficacy products in the market. Such strategic moves not only strengthen the market position of the involved entities but also contribute to the overall market expansion.
Animal Feed Organic Trace Minerals Market Segmentation
The market can be divided based on product, livestock, mineral type, and region.
Market Breakup by Product
- Organic
- Inorganic
- Others
Market Breakup by Livestock
- Livestock
- Ruminants
- Poultry
- Swine
- Others
Market Breakup by Mineral Type
- Zinc
- Iron
- Manganese
- Copper
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape Animal Feed Organic Trace Minerals Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global animal feed organic trace minerals market. Some of the major players explored in the report by Expert Market Research are as follows:
- Alltech
- BASF SE
- Cargill, Incorporated
- Kemin Industries, Inc.
- Others
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