Press release
Feed Organic Trace Minerals Market Trends, Companies Analysis - Cargill, DSM, Archer Daniels Midland Company, Phibro Animal Health, Novus International, Inc., Kemin Industries, Nutreco, Zinpro Corporation, Ridley Inc.
Animal Feed Organic Trace Minerals Market
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Company Profiles
1. Cargill
2. DSM
3. Archer Daniels Midland Company
4. Phibro Animal Health
5. Novus International, Inc.
6. Kemin Industries
7. Nutreco
8. Zinpro Corporation
9. PANCOSMA
10. Ridley Inc.
11. QualiTech
12. Alltech, Inc.
13. Davidson's Inc.
14. Vamso Biotec Private Ltd
15. Tanke International Group
16. Mercer Milling Company, Inc.
17. BioChem
18. Bio-multimin, Inc.
Rising product demand in poultry diet to activate hormones and enzymes for better metabolic process will support the industry demand. Weight gain, better food absorption rate, disease prevention, and reduced fatigue are key product benefits.Strong outlook in structural, catalytic, DNA synthesis owing to its cell proliferation & replication properties will drive the industry growth. Rising customer consciousness pertaining to side effects on livestock due to synthetic products will fuel the demand.
Zinc market was worth over USD 225 million in 2016. Improving immunity and wound healing capabilities are the major benefits driving the product demand. Stringent regulations by FDA and REACH on synthetic fodder production will create new avenues in forecast timeframe. Extensive R&D by the nutritionists to develop alternative ingredients may pose a challenge for the product demand.
Speaking along similar lines, worldwide animal feed organic trace minerals industry encompasses a host of other companies excluding Nutreco and Micronutrients, such as Biochem, QualiTech Corp., Kemin Industries, Vamso Biotec, Tanke Biosciences Corp., Selko, Ridley, Royal DSM, ADM, Novus International, Zinpro Corp., and Pancosma. The business space seems to be pretty much competitive in nature and includes the participation of numerous domestic players as well, apart from major corporations. Prolonged efforts by these companies are likely to contribute toward the expansion of global animal feed organic trace minerals market.
In recent years, global food animal production has expanded extensively, to fulfill the food requirements of the ever-growing population. Accordingly, the requirement of trace minerals incorporated in animal feed has also increased, leading to the growth of animal feed organic trace minerals industry across myriad geographies.
U.S. animal feed organic trace minerals market from iron was valued over USD 25 million in 2016. Strict environmental regulations coupled with rising awareness regarding health and nutritional food habits will stimulate regional demand.
China animal feed organic trace minerals market is expected to generate over USD 60 million by 2024. Rapid economic growth, increased consumption of meat as source of protein has encouraged the product demand.
Europe will witness over 6.5% CAGR up to 2024. Large presence of pork processing facilities particularly in France and Germany will stimulate industry growth. Germany animal feed organic trace minerals from manganese will surpass USD 8.5 million by 2024. Enhanced enzymes to improve bone structure and metabolism will remain supporting factors of the product development.
Royal DSM, ADM, Tanke Biosciences, Biochem, Pancosma, Zinpro, Novus International, Kemin Industries, Selko, Ridley, Nutreco NV and Vamso Biotec are the major manufacturers of animal feed organic trace minerals market. Presence of numerous regional and local producers makes the industry highly competitive in nature. Mergers, supply agreements and product portfolio expansion are among key strategies.
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