Global Animal Feed Organic Trace Minerals Market, By Product (Zinc, Iron, Copper, Megnese, Selenium, and Others), Application (Dairy Cattle, Poultry, Horses, Pigs, and Others), Animal Type (Dairy Cattle, Beef, Poultry, Swine, Aquaculture, Pets, and Others) – Industry Trends and Forecast to 2031.
Animal Feed Organic Trace Minerals Market Analysis and Size
The food and agriculture organization (FAO) predicts a 60% rise in global demand for food by 2050, with an annual increase of 1.7% in demand for animal protein. The growth is driven by expanding output in meat, aquaculture, and dairy products. Rising demand for chicken and red meat in various countries is a key factor propelling global animal feed organic trace minerals market expansion and fostering overall market development, contributing to positive growth trends.
Data Bridge Market Research analyses the global animal feed organic trace minerals market, which was USD 773.21 million in 2023, is expected to reach USD 1,529.40 million by 2031, at a CAGR of 8.90% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024-2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Zinc, Iron, Copper, Selenium, Others), Application (Dairy Cattle, Poultry, Horses, Pigs, Others), Animal Type (Dairy Cattle, Beef, Poultry, Swine, Aquaculture, Pets, and Others)
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Countries Covered
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U.S., Canada and Mexico, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America
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Market Players Covered
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Cargill, Incorporated (U.S.), ADM (U.S.), BASF SE (Germany), Adisseo (China), DSM (Netherlands), Nutreco (Netherlands), Alltech (U.S.), Zinpro (U.S.), Orffa (Netherlands), Novus International, Inc (U.S.), Kemin Industries, Inc. (U.S.), Lallemand, Inc. (Canada), Virbac (France), Global Nutrition International (U.S.), Dr. Paul Lohmann Gmbh & Co. KGAA (Germany), Biochem Zusatzstoffe Handels (Germany), Chemlock Nutrition (U.S.), Biorigin (Brazil), Tanke (France), JH Biotech, Inc. (U.S.), QualiTech, LLC (U.S.)
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Market Opportunities
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Market Definition
Organic trace minerals, utilized in minimal quantities, play a crucial role in enhancing the quality of food and feed. These trace minerals are essential for maintaining animal health, with their incorporation into meals improving absorption rates. Organic trace minerals are favored over inorganic counterparts due to their associated health benefits and positive influence on feed flavor.
Global Animal Feed Organic Trace Minerals Market Dynamics
Drivers
- Increasing Consumer Demand For Organic Products
As health-conscious consumers increasingly seek ethically sourced and environmentally sustainable options, there is a parallel trend in the livestock industry. The preference for organic trace minerals in animal feed aligns with these consumer expectations, as it reflects a commitment to providing animals with nutrition that is perceived as healthier and more natural. This consumer-driven demand is a key catalyst for the market's growth, prompting producers to incorporate organic trace minerals into animal feed formulations to meet the evolving preferences of a discerning market.
- Enhancing Livestock Efficiency with Organic Trace Minerals
Organic trace minerals play a pivotal role in optimizing nutrient absorption and metabolic processes in animals, leading to improved growth rates, reproductive performance, and overall health. As the agricultural industry prioritizes efficient and sustainable practices, the incorporation of organic trace minerals in animal feed has become instrumental. This focus on enhancing livestock efficiency acts as a central force, driving the increased adoption and market growth of organic trace minerals worldwide.
Opportunities
- Rise in Technological Advancements in Manufacturing Enhances Production Efficiency
Technological advancements enable the development of more efficient production processes, leading to increased productivity and reduced costs for manufacturers. With improved efficiency, companies can scale up production to meet growing demand without compromising on product quality. Advanced manufacturing technologies allow for the creation of innovative formulations with enhanced bioavailability and effectiveness, addressing the specific nutritional needs of livestock more precisely. This positions market players to cater to a broader range of customers and gain a competitive edge in the industry.
- Rising Awareness of Optimal Nutrition Among the Consumers
As consumers increasingly prioritize the nutritional content of animal products, there is a growing demand for feed enhancements that contribute to healthier and more nutritious end products. The heightened focus on animal well-being and product quality positions organic trace minerals as a key solution for achieving these objectives. This trend underscores the potential for market growth as the industry aligns with consumer preferences for sustainable and nutritionally enriched animal feed.
Restraints/Challenges
- Limited Availability of Raw Materials Challenges in Securing a Steady Supply
The production of organic trace minerals relies on sourcing specific organic and sustainable raw materials, which may face limitations in terms of both quantity and consistency. Challenges in securing a steady supply of these materials can disrupt manufacturing processes, leading to potential shortages and affecting market scalability. This constraint emphasizes the importance of developing robust and reliable supply chains for organic trace mineral production to meet the increasing demand from the animal feed industry.
- High Costs Implications Limit the Adoption of Organic Trace Minerals in Animal feed
Organic trace minerals often come with a higher price tag compared to their inorganic counterparts, posing economic challenges for producers and farmers. The increased production cost can limit the widespread adoption of organic trace minerals in animal feed formulations, particularly in regions where cost-sensitive agricultural practices are prevalent.
This global animal feed organic trace minerals market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global animal feed organic trace minerals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In September 2020, Bluestar Adisseo Company acquired Framelco Group, a Netherlands-based feed additive manufacturer. This strategic move aimed at bolstering Bluestar Adisseo's presence in the specialty feed ingredients market for animal nutrition. The acquisition focused on leveraging Framelco's expertise to contribute to the expansion of the specialty product segment and solidify Bluestar Adisseo's position as an industry leader
- In July 2020, Kemin Industries revealed plans for a new quality control laboratory (QC lab) at its Des Moines, Iowa, headquarters in the U.S. The laboratory aimed to enhance Kemin's analytical capabilities, ensuring rigorous quality control in production activities and maintaining product specificity. The launch of architectural designs reflected Kemin's commitment to advancing its quality assurance measures and supporting its role in the animal nutrition industry
Global Animal Feed Organic Trace Minerals Market Scope
The global animal feed organic trace minerals market is segmented on the basis of product, application, and animla type. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Zinc
- Iron
- Copper
- Selenium
- Manganese
- Others
Application
- Dairy Cattle
- Poultry
- Horses
- Pigs
- Others
Animal Type
- Dairy Cattle
- Beef
- Poultry
- Swine
- Aquaculture
- Pets
- Others
Global Animal Feed Organic Trace Minerals Market Regional Analysis/Insights
The global animal feed organic trace minerals market is analyzed and market size insights and trends are provided by country, product, application, and animal type as referenced above.
The countries covered in the global animal feed organic trace minerals market report are U.S., Canada and Mexico, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina and rest of South America.
The Asia-Pacific dominates in the animal feed organic trace minerals market is attributed to the region's flourishing meat industry and the substantial presence of manufacturers. The rising demand for meat products has propelled the need for high-quality animal feed, driving the market. The prevalence of key manufacturers within the region enhances accessibility and contributes to Asia-Pacific's leading position in the global landscape for animal feed organic trace minerals.
North America is expected to experience notable growth driven by an increased demand for meat in the industry. This growth is further propelled by the expansion of the dairy cattle sector within the region. The rising consumer preference for meat products and the concurrent development of the dairy industry contribute to the projected significant upswing in North America's agricultural landscape during the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Animal Feed Organic Trace Minerals Market Share Analysis
The global animal feed organic trace minerals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global animal feed organic trace minerals market.
Some of the major players operating in the global animal feed organic trace minerals market are:
- Cargill, Incorporated (U.S.)
- ADM (U.S.)
- BASF SE (Germany)
- Adisseo (China)
- DSM (Netherlands)
- Nutreco (Netherlands)
- Alltech (U.S.)
- Zinpro (U.S.)
- Orffa (Netherlands)
- Novus International, Inc (U.S.)
- Kemin Industries, Inc. (U.S.)
- Lallemand, Inc. (Canada)
- Virbac (France)
- Global Nutrition International (U.S.)
- Dr. Paul Lohmann Gmbh & Co. KGAA (Germany)
- Biochem Zusatzstoffe Handels (Germany)
- Chemlock Nutrition (U.S.)
- Biorigin (Brazil)
- Tanke (France)
- JH Biotech, Inc. (U.S.)
- QualiTech, LCC(U.S.)
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