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North America feed micronutrients market to accrue modest proceeds by 2025
feed micronutrients market
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Company Profiles
1. Cargill
2. Archer Daniels Midland Company
3. Mahafeed Speciality Fertilizers (India) Pvt. Ltd.
4. Agrium Advanced Technologies, Inc.
5. Prathista Industries Limited
6. Novus International, Inc.
7. Aries Ago
8. Solufeed Ltd
9. Gawrihar Bio Chem Private Limited
10. Zinpro Corporation
11. QualiTech
12. Keshav Fertilizers
13. Pratik Industries
14. Gawrihar Bio-Chem
15. Dayal Group
The commercialization potential of feed micronutrients market has been forecast to be colossal, given the extensive demand for meat and dairy products rich in protein. A report by Global Market Insights, Inc., predicts that feed micronutrients industry size is estimated to surpass a mammoth valuation of 2 billion tons by 2024. Animal feed is essentially fed to poultry, livestock, ruminants, and swine, to enhance their growth rate, provide their body with essential nutrients, and enable better health. The rising demand for milk & meat products pertaining to the ever-growing population is one of most essential factors driving feed micronutrients market. Enlisted below are some essential statistics with reference to animal feed market, which may provide a deeper understanding as regards to the factors driving feed micronutrients industry.
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.
Browse key industry insights spread across 250 pages with 206 market data tables & 10 figures & charts from the report, “Feed Micronutrients Market Size By Product (Trace Minerals [Iron, Zinc, Manganese, Copper, Boron], Vitamins [Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K, Carotenoids]), By Livestock (Poultry, Ruminant, Aquaculture, Swine, Equine) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, Spain, China, India, Japan, South Korea, Australia, Thailand, Indonesia, Vietnam, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/feed-micronutrients-market
Poultry was worth over USD 540 million in 2016. Increasing demand for processed food coupled with egg consumption will propel the industry growth.
Ruminants will generate over USD 500 million in revenue by 2024. Rising milk consumption globally will facilitate industry growth. For instance, annual milk consumption in developing countries was around 55 kg per capita in 2016 and expected to reach 66 kg by 2030.
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.
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.
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.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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