Animal Feed Organic Trace Minerals Market to Witness Massive Growth by 2029 | Novus International, Alltech Inc, Cargill Incorporated

Market Overview:
Global Animal Feed Organic Trace Minerals Market was valued at USD 654.79 million in 2021 and is expected to reach USD 1061.8 million by the year 2028, at a CAGR of 7.15%.

Trace elements have a very important role to play in various metabolic events that occur in an animal body, there are two broad categories of sources available to supplement trace elements in animal feed inorganic and organic sources. the supplementation of organic minerals and trace elements in feeds and complexes is reported to improve animal production. The most common organically bound trace minerals that are used in animal nutrition are iron, copper, zinc, manganese, chromium, and selenium.

Trace minerals are essential minerals and are found in small amounts in animal feed, they are connected with organic molecules, such as polysaccharides and amino acids. Trace minerals provide the essential nutrients animals need for metabolic functions, such as growth and development, immunity, and reproduction. Today, organic trace minerals are found in applications in various end-use industries, such as poultry, dairy cattle, horses, pigs, etc.

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Market Dynamics:
Driver:
Increasing demand for animal feed organic trace minerals and rising utilization of high feed quality in animal nutrition along with the rising demand for meat and dairy products is driving the growth of the Organic Trace Minerals market in animal feed. Moreover, the rising consumption of minerals for a better metabolic process is also a significant factor driving the growth of the market.

Opportunities:
Rising demand for organic trace minerals along with the growing awareness among consumers about the benefits of natural and organic animal feed is expected to drive the growth of the market of animal feed organic trace minerals in the coming years. Furthermore, the rising demand for high-quality animal protein and dairy products is also expected to boost the market demand by improving the health and productivity of animals.

Market Segmentation
By Type
• Zinc
• Iron
• Copper
• Manganese
• Selenium
• Others

By Livestock
• Ruminants
• Poultry
• Swine
• Others

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Regional Analysis of Animal Feed Organic Trace Minerals Market:
Based on geography, the animal feed organic trace mineral market is divided into five regions North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.

Owing to the huge livestock population in countries like China and India, the Asia-Pacific region is going to dominate the market in the period of forecast. An increasing number of animal feed manufacturers and investments in the research and development sector is the main factors propelling the market growth in this region.

North America region is going to have a significant growth in the period of forecast owing to the trend of adopting pets and the advancement in the technology to manufacture animal feed products. The United States, Canada, and Mexico are the biggest shareholders in the North American region in terms of consumption and manufacturing process.
South America region is the second most consumer of trace organic minerals owing to the large population of livestock in countries like Brazil, Argentina, and Uruguay. Increasing demand for milk and milk products, beef, and pork in this region is supporting the market growth in the period of forecast.

The European region is going to observe a slow but positive growth during the period of forecast. Increasing awareness of the advantages of organic trace minerals in animal feed and meeting the increasing demand for milk, milk products, beef, and pork is promoting market growth in this region.

The Middle East and Africa region are also expected to have a positive impact on market growth owing to the developing poultry and cattle industry.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

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Players Covered in Animal Feed Organic Trace Minerals Market are:
• Phibro Animal Health Corporation (US)
• Novus International (US)
• Alltech Inc
• EW Nutrition (Germany)
• DSM (Netherlands)
• Cargill Incorporated (US)
• ADM (US)
• Pancosma (Switzerland)
• Ridley Corporation Limited (US)
• Kemin Industries Inc (US)
• QualiTech (India)
• Nutreco (Netherlands)
• Zinpro Corp (US)
• Biochem Zusatzstoffe Handels (Germany)
• Purina Animal Nutrition LLC (US) and other major players.

Key Industry Developments in Animal Feed Organic Trace Minerals Market
1. In February 2021, EW Nutrition the global producer in animal nutrition completed the takeover of the Feed Pigments and Quality division from Novus International. Under the accords, EW Nutrition becomes the owner of world-renowned brands such as Santoquin feed preservative, SURFACE a feed mill processing aid, and feed ingredient Agrado. The takeover also provides EW Nutrition ownership of the manufacturing production facility in Constantí, Spain.
2. In July 2021, Royal DSM, a renowned science-based company in animal nutrition, health, and sustainable living, has completed the acquisition of Midori USA Inc, a biotechnology start-up company with a new precision platform that is engaged in developing innovative targeted eubiotics that enhance the health and environmental footprints of animals.

An in-depth analysis of demand forecasts, market tendencies, and key micro and macro variables is included in the research. The factors that are driving and inhibiting the growth of the Animal Feed Organic Trace Minerals market are also revealed in the report. Using analytical tools like Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Animal Feed Organic Trace Minerals market, the study provides insights into the industry. Further, it examines current market trends and gives predictions from 2023-2029. We have also highlighted upcoming market trends that will have an impact on demand within the anticipated time frame. In addition, the competition analysis included in each regional market sheds light on the market share of the major players. Experts in the industry-validated the accuracy of the information we gathered from Animal Feed Organic Trace Minerals manufacturers, suppliers, consumers, trade groups, government agencies, trade journals, external databases, and our internal databases.

The Report Covers
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global automotive chips market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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