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Global Organic Trace Minerals Market Size, Share, Development, Growth and Demand Forecast to 2023
Organic Trace Minerals Market
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As defined by Association of American Feed Control Officials (AAFCO), organic trace minerals can be categorized as metal complexes, metal amino acid complexes, metal amino acid chelates, metal proteinates metal polysaccharide complexes, metal propionates, and yeast derivative complexes.
The organic trace minerals are used with animal feed in small quantities; however they play an important role in the maintenance of health and productivity of animals. Apart from organic sources, trace minerals also manufactured inorganically.
Organic trace minerals enhance gut absorption in animals, and improve bioavailability in animal feed. The inorganic trace minerals on the other hand, may interact with fiber, phytate, tannin, silicate, oxalate or other minerals in the gastro-intestinal tract of animals, and may cause trouble in feed absorption. This is leading to the shift in buying process of trace minerals from inorganic towards organic form, by the animal farm owners.
The increasing iron deficiency among poultry and ruminants is expected to drive the growth of the iron segment in the global organic trace mineral market during the forecast period.
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The high research and development costs associated with the development of organic trace minerals is one of the key restraints in the market. Among regions, North America dominates the global organic trace minerals market due to high consumer awareness about the benefits of organic products.
The key companies operating in the global organic trace minerals market include Royal DSM NV, Tanke Biosciences Corporation, Zinpro Corporation, Cargill and Kemin Industries.
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