Press release
Trace Minerals in Feed Market worth $3.10 billion by 2030, growing at a CAGR of 6.93% - Exclusive Report by 360iResearch
Trace Minerals in Feed Market | 360iResearch
The Global Trace Minerals in Feed Market to grow from USD 1.94 billion in 2023 to USD 3.10 billion by 2030, at a CAGR of 6.93%.
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Trace minerals in feed are dietary inorganic substances required in small amounts for optimal health and production in livestock. These micronutrients include elements such as zinc, copper, manganese, selenium, and iron, which are essential for various bodily functions, including immune response, growth, and reproduction. The primary drivers of trace minerals in feed include the rising demand for animal protein, the intensification of livestock production, and the rising awareness of the health benefits associated with fortified feed. Enhanced focus on animal nutrition to prevent disease and improve animal performance fuels the utilization of trace minerals. Key challenges encompass the stringent regulatory standards governing feed quality, the risk of trace mineral toxicity due to over-supplementation, and the competition from synthetic alternatives. Additionally, ensuring the bioavailability of these minerals and the environmental concerns related to their excretion pose significant challenges. There are considerable opportunities to develop more efficient and sustainable trace mineral sources, such as chelated minerals, that enhance bioavailability and minimize environmental impact. Innovation in feed formulation and nanotechnology for delivering trace minerals more effectively are burgeoning areas of opportunity.
Market Segmentation & Coverage:
This research report categorizes the Trace Minerals in Feed Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Livestock, market is studied across Aquaculture, Poultry, Ruminants, and Swine. The Swine is projected to witness significant market share during forecast period.
Based on Type, market is studied across Chromium, Cobalt, Copper, Iron, Manganese, and Zinc. The Chromium is projected to witness significant market share during forecast period.
Based on Form, market is studied across Dry and Liquid. The Dry is projected to witness significant market share during forecast period.
Based on Chelate Type, market is studied across Amino Acids, Peptides, Polysaccharides, Propionates, and Proteinates. The Polysaccharides is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Trace Minerals in Feed Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Trace Minerals in Feed Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Trace Minerals in Feed Market, highlighting leading vendors and their innovative profiles. These include Alltech, Archer Daniels Midland Company, BASF SE, Biochem Zusatzstoffe, Cargill, Inc., Chemlock Nutrition Corporation, Kemin Industries Inc., Lallemand, Inc., Novus International, Nutreco N.V., Orffa Additives B.V., Phibro Animal Health Corp, Qualitech, Inc., Royal DSM, Tanke, Virbac, and Zinpro Corporation.
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Trace Minerals in Feed Market, by Livestock
7. Trace Minerals in Feed Market, by Type
8. Trace Minerals in Feed Market, by Form
9. Trace Minerals in Feed Market, by Chelate Type
10. Americas Trace Minerals in Feed Market
11. Asia-Pacific Trace Minerals in Feed Market
12. Europe, Middle East & Africa Trace Minerals in Feed Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Trace Minerals in Feed Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Trace Minerals in Feed Market?
3. What is the competitive strategic window for opportunities in the Trace Minerals in Feed Market?
4. What are the technology trends and regulatory frameworks in the Trace Minerals in Feed Market?
5. What is the market share of the leading vendors in the Trace Minerals in Feed Market?
6. What modes and strategic moves are considered suitable for entering the Trace Minerals in Feed Market?
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sales@360iresearch.com
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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