Reports


Animal Feed Organic Trace Minerals Market Size, Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

  • TBI129115
  • August 01, 2019
  • Global
  • 132 pages
  • HCCResearch
                                              Abstract, Snapshot, Market Analysis & Market Definition: Global Animal Feed Organic Trace Minerals Market

The global animal feed organic trace minerals market size was estimated at USD 536.5 million in 2018 and anticipated to expand at a CAGR of 8.4% over the forecast period. Rising demand from end-users owing to rising awareness regarding the harmful effects of consuming inorganic trace minerals containing heavy metal contaminants, is anticipated to drive the growth. Organic trace minerals are essential nutrients used in tiny quantities in animal feed.
Moreover, rising use of water-soluble natural feed-added substances, increasing meat consumption, and developing animal feed industry across the globe are factors encouraging the consumption of organic trace minerals. For instance, a shift in food consumption pattern, which comprise favoring proteins from animal sources, is playing a major role in the growth of meat consumption sector globally.
 
However, increasing outbreak of animal diseases such as Avian Influenza (AI) is estimated to hamper overall growth in near future. Poultry is one of the most vulnerable sectors to disease outbreaks. For instance, in 2015, over 48 million poultry birds, such as turkey and chicken, were hit by the AI outbreaks in U.S.
In addition, minimizing the after effects of such outbreaks is a major challenge faced by manufacturers and governing bodies worldwide. Increasing R&D activities to maximize specific functions of organic trace minerals are creating new opportunities for industrial development. For instance, using zinc to strengthen egg shells in poultry and copper for improving fertility of eggs.

Market Segmentation, Outlook & Viewpoint: Global Animal Feed Organic Trace Minerals Market


Product Market Segmentation & Outlook (Revenue, USD Thousand, 2014 - 2025)

Zinc

Iron

Copper

Selenium

Others (Manganese and Cobalt)


Application Market Segmentation & Outlook (Revenue, USD Thousand, 2014 - 2025)

Dairy Cattle

Poultry

Horses

Pigs

Others (Aqua Food and Pet Food)


Key Players, Recent Developments & Regional Insights: Global Animal Feed Organic Trace Minerals Market


On the basis of product, the animal feed organic trace minerals market is classified into zinc, copper, iron, and others. Other minerals comprise manganese and cobalt. Zinc accounted for the largest market share over 32% in 2018 and is estimated to continue leading during the forecast period. Rising demand for animal feed as it enhances the immunity and metabolism of animals, is projected to fuel the growth.
Iron is the second largest product segment estimated to expand at above average CAGR in the years to come. Rising awareness regarding side effects caused due to iron deficiency is estimated to boost its demand. Iron deficiency results in imbalance in tissue metabolism and can also lead to anemia.
Moreover, copper is estimated to register the fastest CAGR over the projected period owing to rising awareness regarding its importance in strengthening animal bones. In 2018, Europe witnessed the highest demand for copper owing to the presence of developed poultry and swine industries in the region.
Application Insights
On the basis of application, the market is divided into dairy cattle, poultry, horses, and pigs. Poultry sector accounted for over 40% of the total market share and is estimated to register the fastest CAGR over the forecast period. Rising demand for animal protein sources, technological developments, and better vaccinations to animals are anticipated to drive the segment growth.
 
Pork is considered as a rich source of protein and is the second-highest consumed meat across the globe. Rising demand for high quality pork and growth in consumption of pork is anticipated to propel the segment expansion over the forecast period. Dairy cattle sector is estimated to register the fastest CAGR over the forecast period owing to increasing demand for several milk products such as butter, yogurt, ice cream, and cheese.
North America is estimated to be a major consumer in dairy cattle feed and is estimated to expand at a CAGR of 4.9% during the forecast period. Availability of ample land, technological resources, and infrastructure have been major drivers of the dairy cattle industry.

Regional Insights
Asia Pacific accounted for the largest market share of around 35% in 2018 and is estimated to expand at a healthy CAGR over the forecast period. APAC witnessed the highest demand for organic trace minerals in animal feed owing to growing meat industry along with an increase in demand from countries such as China and India and presence of key manufacturers in the region. China is a major consumer and led the Asia Pacific region in 2018.
Europe and North America are also expected to have a positive impact on future growth owing to steady demand from application sector. In this region, Germany and Spain are the major markets for animal feed organic trace minerals. Iron sector led Europe market in 2018 and is estimated to register a healthy CAGR over the projected period.
North America is estimated to witness the fastest CAGR over the forecast period. The reason being, rising demand for meat from the rapidly growing food industry in this region. U.S. led the North America region owing to high demand from poultry and dairy cattle sectors.
Central and South America is estimated to register high demand for zinc. The regional market is expected to be driven by growing demand for poultry and eggs as well as pork. Middle East and Africa is estimated to grow at lucrative pace over the forecast period owing to the presence of a developing poultry sector.
Animal Feed Organic Trace Minerals Market Share Insights
Prominent market players are Australia Zinc Group; Nyrstar; Codelco; BHP Billiton Ltd.; Alltech Inc.; Archer Daniels Midland Co.; Biochem; Tanke Biosciences Corp.; Cargill Inc.; Kemin Industries Inc.; Mercer Milling Co. Inc.; and Novus International Inc.
These players added to their product portfolios through development strategies such as mergers and acquisitions, expansions, and joint ventures, to increase their market share. Alltech Inc.; Archer Daniels Midland Co.; Cargill Inc.; and Nutreco NV are the major players accounted for majority of products in the market.
Alltech has adopted the forward integration strategy, in which, the company sells the products through exclusive outlets, eliminating middlemen and wholesalers. In March 2017, Archer Daniels Midland Company announced the expansion of its animal feed business in China with investments in new feed-premix facilities. This facility also had the provision for production of aqua feed, further expanding its product portfolio.

Key Insights Covered: Global Animal Feed Organic Trace Minerals Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Animal Feed Organic Trace Minerals industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Animal Feed Organic Trace Minerals industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Animal Feed Organic Trace Minerals industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Animal Feed Organic Trace Minerals industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Animal Feed Organic Trace Minerals industry.

Research Methodology: Global Animal Feed Organic Trace Minerals Market
  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other

Table of Contents
Chapter 1. Methodology and Scope
   1.1. Market Segmentation & Scope
   1.2. Market Definition
   1.3. Information Procurement
       1.3.1. Secondary Sources & Third-Party Perspectives
       1.3.2. Primary Research
   1.4. Information Analysis 
       1.4.1. Data Analysis Models
   1.5. Market Formulation & Data Visualization
   1.6. Data Validation & PublishingChapter 2. Executive Summary
   2.1. Market Outlook
   2.2. Competitive InsightsChapter 3. Animal Feed Organic Trace Minerals Market Variables, Trends, & Scope
   3.1. Penetration & Growth Prospect Mapping
   3.2. In
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