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Mineral Feed Market 2023 - Growth Factors, Industry Analysis and Business Opportunities And Forecast 2032
Mineral Feed Market
Mineral Feed Market Size, Growth Rate, And Forecast
The global mineral feed market size is expected to grow from $4.46 billion in 2022 to $4.73 billion in 2023 at a compound annual growth rate (CAGR) of 6.09%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global mineral feed market size is expected to reach $5.77 billion in 2027 at a CAGR of 5.09%.
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Mineral Feed Market Drivers
The increase in demand for nutritional supplements is expected to propel the growth of the mineral feed market going forward. Mineral feeds are an important source of essential minerals and trace elements that are required for the proper growth, development, and health of livestock animals.
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Mineral Feed Market Segments
• By Macro Minerals Types: Calcium, Phosphorous, Magnesium, Potassium, Other Macro Minerals
• By Micro Minerals Types: Iron, Copper, Zinc, Other Micro Minerals
• By Animal Type: Ruminant, Poultry, Swine, Aquaculture, Other Animal Types
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Mineral Feed market.
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Mineral Feed Market Key Players
Major competitors in the Mineral Feed market include Nutreco, Novus International, Kemin Industries, Cargill Incorporated, Royal DSM, Brilliant Bio Pharma Pvt Ltd, Purina Mills.
The Business Research Company's "Global Mineral Feed Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Mineral Feed Market Include:
1. Executive Summary
2. Mineral Feed Market Characteristics
3. Mineral Feed Market Trends And Strategies
4. Mineral Feed Market - Macro Economic Scenario
5. Mineral Feed Market Size And Growth
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26. Africa Mineral Feed Market
27. Mineral Feed Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Mineral Feed Market
29. Mineral Feed Market Future Outlook and Potential Analysis
30. Appendix
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