Kemin Industries, Cargill Profiled in Feed Organic Trace Minerals Market 2018-2024 | Chief Players - Phibro Animal Health, Novus International, Inc., PANCOSMA, Ridley Inc., DSM, Archer Daniels Midland Company, QualiTech, Alltech, Inc., Nutreco, Zinpro Cor

The yesteryear acquisition of Micronutrients by Nutreco is a prime example of the massive growth in global Animal feed organic trace minerals market. Nutreco N.V., a renowned Netherlands-based company dealing in processed meat and animal nutrition, had acquired Micronutrients, a global leader dealing in hydroxy-based trace minerals. The talks of Nutreco acquiring Micronutrients had been in the talkfest since the beginning of December 2015, and the deal materialized in January 2016.

With this agreement, Nutreca stands at a stronger position to address the changing trends in animal feed organic trace minerals industry by delivering sustainable nutritional solutions equipped with advanced technical know-how, to its consumers. Simultaneously, Micronutrients, now a stronger player in animal feed organic trace minerals market, will have access to Nutreca’s strong R&D division, in addition to providing the latter unrestrained access to its numerous hydroxy trace mineral products to manufacture enhanced animals feed. Such acquisitions are commonplace in the competitive scenario of animal feed organic trace minerals market, which is slated to cross a valuation of USD 845 million, growing at a CAGR of 6.5% over 2017-2024.

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Company Profiles
1. Phibro Animal Health
2. Novus International, Inc.
3. Kemin Industries
4. Cargill
5. DSM
6. Archer Daniels Midland Company
7. PANCOSMA
8. Ridley Inc.
9. Nutreco
10. Zinpro Corporation
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.

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.

Browse key industry insights spread across 300 pages with 354 market data tables & 18 charts & figures from the report, “Animal Feed Organic Trace Minerals Market Size By Mineral (Zinc, Iron, Manganese, Copper), By Livestock (Ruminant, Pig, Poultry), Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Russia, Spain, China, India, Japan, Australia, Indonesia, Thailand, Malaysia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/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.

European countries such as France and Germany are renowned for their heavy consumption of pork. Even LATAM, led by Brazil, is a major consumer of pork, owing to which LATAM animal feed organic trace minerals market from pigs was more than USD 3.5 million in 2016 and will grow at a rate of 5% over 2017-2024. Pigs held more than 27% of the overall animal feed organic trace minerals industry share in 2015 and will continue to register substantial growth across major geographies.

Europe animal feed organic trace minerals market, subject to increased red meat production and rising consumption of forage additives such as enzymes and carotenoids to enhance metabolism and animal bone structures, will register a CAGR of 6.5% over 2017-2024. Europe is expected to dominate the overall animal feed organic trace minerals industry by registering a valuation of more than USD 280 million by 2024. Germany, UK, and France are slated to be primary revenue contributors, with Germany animal feed organic trace minerals market from manganese slated to record a revenue collection of USD 8.5 million by 2024.

Zinc is a key mineral that contributes heavily toward the growth of global animal feed organic trace minerals industry. The mineral helps improve animal immunity and their DNA/RNA synthesis by increasing the cell proliferation and replication. In addition, it helps to improve the structural, catalytic, and regulatory functions of animals, thereby providing an impetus to animal feed organic trace minerals market from zinc. The segment exceeded USD 230 million in 2016 and is expected to grow at a remarkable pace ahead.

Speaking of minerals, copper, selenium, and manganese are also extensively used in animals feed, especially poultry, to improve their protein intake rate and the metabolism functioning. Worldwide feed market was valued at USD 450 million in 2015, pertaining to the rising livestock consumption. Poultry dominated the overall animal feed organic trace minerals industry in 2015 by accounting for 45% of the overall share, and will continue to grow at a rate of 7% over 2017-2024. Rising consumption rate and low costs have led to the subsequently rising demand for poultry in countries such as Vietnam, UAE, Japan, Cuba, Saudi Arabia, and South Africa, thereby augmenting the overall animal feed organic trace minerals market from poultry. As per statistics, animal feed organic trace minerals industry size from poultry was around 116 million tons in 2016 and is likely to surpass 131 million tons by 2024.

A rapid upswing in worldwide dairy and meat production owing to their increased consumption will continue to remain one of principal factors driving animal feed organic trace minerals market size. Since trace minerals help to activate the vital hormones and enzymes that are essential for the smooth functioning of metabolic processes in livestock, animal feed organic trace minerals market is likely to continue depicting a positive growth graph, pertaining to the rising need for organic food consumption. Besides, technological advancements and increased scale of livestock breeding in countries such as India and Brazil will positively impact the industry growth. The rapid growth of the Animal feed enzymes market will also impact positively on animal feed organic trace minerals industry. It is important to remember that organizations such as FDA and REACH also play a major role in the expansion of animal feed organic trace minerals market. Stringent rules enforced by these organizations regarding the hazards of inorganic feed will drive the industry trends over the coming years.

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