Animal feed organic trace minerals market; across the China region to spur the industry growth over 2017-2024 | Key Company Profiled Zinpro Corporation, DSM, Phibro Animal Health, PANCOSMA, Nutreco

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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As per estimates from the Food & Agriculture Organization of the United States, global meat production stood at +300 million tons in 2015 and is anticipated to experience a growth of more than 1.5% over the coming years. The world population currently consumes around 75 pounds of meat per person, on an annual basis. The population in the developed nations consumes around 80 kg of meat per person, while people in the emerging nations consume around 32 kg of meat per person, annually. Subject to this fact, the massive proportion of meat production across the developing countries such as India, South Asia, Australia, and China, will certainly propel APAC animal feed organic trace minerals market to great heights.

Changing food preferences and healthcare dynamics have led to an increase in the consumption of protein-rich food. A subsequent rise in the consumption of livestock and the increasing awareness regarding the benefits of trace materials will lead APAC animal feed organic trace minerals industry to observe the highest gains of 7.5% over 2017-2024, having held more than 65% of the total revenue share in 2015. The region is one of the top consumers of meat – an average Chinese consumes around 60 kg of meat per year. The Chinese obtain 10% of their calorie intake from eggs and meat. Besides, the urbanization proportion in China will surpass 60% by 2024. Also, China animal feed organic trace minerals market will cross USD 60 million by 2024, driven by the rising consumption of meat and the rapid economic growth. All in all, with China, India, and Australia as the revenue contributors, APAC animal feed organic trace minerals industry will observe an increased demand over the coming years.

Another lucrative region contributing toward the overall growth of the animal feed organic trace minerals market is Europe. The region consumes pork, dairy products, and ruminant meat on a large scale. In fact, ruminants accounted for more than 35% of the overall Europe animal feed organic trace minerals industry in 2015, owing to the rising consumption of red meat and milk products subject to the massive benefits such as reproductive efficiency and enhanced milk quality. Pertaining to similar drivers, the overall animal feed organic trace minerals market from ruminants is slated to cross USD 300 million by 2024.

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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.

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.

Zinpro Corporation, DSM, Phibro Animal Health, Ridley Inc., PANCOSMA, Nutreco, Cargill, Kemin Industries, Novus International, Inc., Phibro Animal Health are among the major animal feed organic trace minerals companies.

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