Press release
Trace Minerals in Feed Market Outlook - Estimated Market Size And Growth Rate 2023-2032
The Business Research Company's Trace Minerals in Feed Global Market Report 2023 identifies rising meat and fish consumption as the major driver for the Trace Minerals in Feed market's growth in the forecast period. Meat is described as the flesh of animals (including fish and birds) used as food that can be part of a healthy diet. The growing need for animal protein in the human diet has supported increased meat and fish consumption. Trace minerals are sued to increase the meat and carcass quality of contemporary broiler chickens through the use of mineral clays in feed.
The global trace minerals in feed market size is expected to grow from $496.98 billion in 2022 to $526.43 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. 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 trace minerals in feed market size is expected to reach $652.23 billion in 2027 at a CAGR of 5.5%.
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Major competitors in the Trace Minerals in Feed market are Cargill Inc., Archer-Daniels-Midland Company (ADM), BASF SE, Bluestar Adisseo Co. Ltd.
A key trend in the Trace Minerals in Feed market includes product innovations. Major companies operating in the trace minerals in feed market are developing innovative products to strengthen their position in the market. For instance, in October 2022, the Zinpro Corporation, a US-based innovator and manufacturer of high-performance organic trace minerals, launched Zinpro IsoFerm for dairy nutrition. The unique features of the Zinpro IsoFerm involve boosting rumen activity by feeding fiber-digesting bacteria directly with game-changing technology. It is designed to increase feed efficiency, promote sustainability, and boost profitability.
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The Trace Minerals in Feed market is segmented -
• By Type: Zinc, Copper, Cobalt, Manganese, Iron, Chromium, Other Types
• By Chelate Type: Amino Acids, Proteinates, Polysaccharides, Other Chelate Types
• By Livestock: Poultry, Ruminant, Swine, Aquaculture, Other Livestock
• By Form: Dry, Liquid
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Trace Minerals in Feed market.
The Business Research Company's "Global Trace Minerals in Feed Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Trace Minerals in Feed Market Include:
1. Executive Summary
2. Trace Minerals In Feed Market Characteristics
3. Trace Minerals In Feed Market Trends And Strategies
4. Trace Minerals In Feed Market - Macro Economic Scenario
5. Trace Minerals In Feed Market Size And Growth
……
26. Africa Trace Minerals In Feed Market
27. Trace Minerals In Feed Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Trace Minerals In Feed Market
29. Trace Minerals In Feed Market Future Outlook and Potential Analysis
30. Appendix
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