Press release
Cargill, ADM Profiled in Feed Micronutrients Market 2024 Report - Aries Agro, Nutreco N.V., Agrium Advanced Technologies, Balchem Corp., Qualitech, Alltech, Kemin, Lallemand
North America feed micronutrients market was valued over USD 365 million in 2016. Rising demand for nutrient rich meat to ensure healthy diet are the key factors positively influencing the product demand. Strong outlook for vitamins, ferments and emulsifiers in this region due to presence of livestock breeding centers will support the business growth.
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Global feed micronutrients market share is moderately fragmented due to presence of multinational as well as domestic manufacturers. Cargill, Aries Agro, Nutreco N.V., ADM, Agrium Advanced Technologies, Balchem Corp., Qualitech, Alltech, Kemin, Lallemand, Gawrihar Bio-Chem, Novus International and Zinpro Corporation are among the key industry players.
Feed Micronutrients Market size is estimated to exceed USD 2 billion by 2024; according to a new research report.
Shifting preference towards high quality meat and dairy products will drive the feed micronutrients market growth. Weight gain, enhancing food absorption along with improving overall animal health are among key factors fueling product demand.
Changing consumer diet towards more nutritious food will drive meat demand hence completely impacting feed micronutrients market. Increasing spending on animal health maintenance owing to rising disease outbreak among livestock has positively influenced product demand.
Zinc will generate over USD 350 million in revenue by 2024. Improving immunity, stabilizing membranes, enhancing antioxidant enzyme and maintaining lymphocyte replication are the key properties driving the product demand. Copper will witness growth over 6% up to 2024. High product adoption due to benefits including high iron absorption potential, improving metabolism & skin color will drive feed micronutrient market growth.
Supportive government compliances on bio-based products will drive the industry growth. High R&D investment and product development by key manufacturers will enhance product penetration. However, lack of awareness accompanied by non-willingness to pay on feed micronutrients may hamper feed micronutrient market growth.
Asia Pacific, led by China feed micronutrients demand was over 80 kilotons in 2016. Increasing health awareness along with rising consumption of milk, curd, cheese & yogurt are the key factors driving growth.
Europe market will value over USD 585 million by 2024. Favorable government regulations pertaining to bio products will drive the product demand. Fodder industry expansion along with growth in livestock farming & breeding activities is expected to stimulate industry growth.
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Table of Content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Feed Micronutrients Industry Insights
Chapter 4. Feed Micronutrients Market, By product
Chapter 5. Feed Micronutrients Market, By Livestock
Chapter 6. Feed Micronutrients Market, By Region
Chapter 7. Company Profiles
For More Details about this report: https://www.marketstudyreport.com/reports/feed-micronutrients-market
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