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Increased Spending on Animal Health Creating Revenue Streams for Feed Micronutrients – Fact.MR Study
Feed Micronutrients Market
The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.
The report offers actionable and valuable market insights of Feed Micronutrients. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Feed Micronutrients Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Feed Micronutrients market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Feed Micronutrients
This newly published and insightful report sheds light on Market Insights of Feed Micronutrients, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Feed Micronutrients Market.
Global Feed Micronutrients Market: In-Depth Assessment on Key Segments
The global feed micronutrients market is segmented on the basis of product type, livestock and region.
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Product Type
Minerals
Vitamins
Carotenoids
Others (Fatty Acids, Essential Nutrients)
Livestock
Poultry
Aquaculture
Swine
Equine
Others
Region
North America
Latin America
Europe
APAC
MEA
This taxonomy and the detailed ToC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.
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Mergers& Acquisitions to be Intuitive Tools for Competitive Advantages
The global feed micronutrients market is moderately consolidated with few multinational conglomerates such as Tanke Biosciences Corporation, Vamso Biotec Pvt. Ltd., Archer Daniels Midland and Pancosma SA occupying the largest shares. Emerging players on the market for feed micronutrients face various constraints, such as increased regulations, higher production costs and low consumer awareness.
In September, 2018, Micronutrients USA and Kemin Industries partnered to introduce “IntelliBond VITAL”, the world's first nutrition package to support the well-being and performance of dairy and beef cattle, containing six essential trace minerals.
Key players involved in the feed micronutrients market are rigorously investing in the development and launches of new products to gain a competitive advantage and expand their consumer base. Mergers & acquisitions along with diversification of product portfolios are key business strategies implemented by participants in the feed micronutrients industry.
Increasing use of vitamins and trace minerals to activate important enzymes and hormones critical to the metabolic processes of livestock is stimulating growth of the feed micronutrients industry.
Favorable government regulations and standards, particularly by CFIA (Canadian Food Inspection Agency), REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) and the FDA (Food and Drug Administration) to prevent micronutrient malnutrition and reduce the use of synthetic additives, will proliferate sales in global feed micronutrients market in the foreseeable future.
Key Takeaways of Feed Micronutrients Market Study
The snowballing trend for clean label products demanding strict approval by regulatory bodies is further enhancing the product portfolio for feed micronutrients
During the forecast period, the vitamins segment is projected to grow at a CAGR of over 6.5%. The requirement of vitamins to boost metabolism rate, immunity, and reproductive health is stoking sales of feed micronutrients
The poultry segment accounted for over 40% share within the global feed micronutrients industry. The rapid expansion of manufacturing facilities for poultry products would increase the product portfolio particularly in European countries such as Germany, the UK, France and Russia
APAC accounted for over 30% of the total share of the feed micronutrients industry.
Upsurge in the consumption of meat and meat related products in developing economies like Indonesia, India, China and Japan are bolstering growth. Moreover, rapid growth in the animal feed industry is also creating a positive business outlook in APAC.
“The growing bioavailability of micronutrients is paving the way for feed micronutrients market to experience prominent gains and create lucrative roadmaps during the forecast period” says the Fact.MR analyst
Emerging Competitors Seizing Opportunity through Unique Partnership Approaches
The global feed micronutrients market is highly competitive owing to the presence of few dominant companies namely Zinpro Corporation, Tanke Biosciences Corporation, Vamso Biotec Pvt. Ltd., Archer Daniels Midland and Pancosma SA acquiring top shares. Emerging competitors in the feed micronutrients market are strategizing on new partnership approaches and supply chain contracts to develop their niche in the market. For example, in 2017, Archer Daniels collaborated with Anco Animal Nutrition GmbH and have developed a specific line of feed micronutrients for the Austrian market.
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Key Question answered in the survey of Feed Micronutrients market report:
Sales and Demand of Feed Micronutrients
Growth of Feed Micronutrients Market
Market Analysis of Feed Micronutrients
Market Insights of Feed Micronutrients
Key Drivers Impacting the Feed Micronutrients market
Which are the Key drivers impacted by Feed Micronutrients market
Restraints Shaping Market Growth
Market Survey of Feed Micronutrients
More Valuable Insights on Feed Micronutrients Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Feed Micronutrients, Sales and Demand of Feed Micronutrients, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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