Press release
Trace Minerals in Feed Market Size, Share, Trends And Outlook By 2024-2033
Trace Minerals in Feed Market
The Business Research Company offers in-depth market insights through Trace Minerals in Feed Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The trace minerals in feed market size has grown strongly in recent years. It will grow from $526.43 billion in 2023 to $557.08 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to early understanding of animal nutrition, traditional livestock farming practices, emergence of feed additives, scientific research on animal health, livestock industry expansion..
The trace minerals in feed market size is expected to see strong growth in the next few years. It will grow to $692.98 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to consumer awareness and education, global livestock production growth, research and development in animal nutrition, environmental and sustainability concerns, focus on animal health and performance.. Major trends in the forecast period include focus on animal nutrition, rising livestock production, scientific advancements, environmental concerns, regulatory standards..
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Market Segmentation:
The trace minerals in feed market covered in this report is segmented -
1) By Type: Zinc, Copper, Cobalt, Manganese, Iron, Chromium, Other Types
2) By ChelateType: Amino Acids, Proteinates, Polysaccharides, Other Chelate Types
3) By Livestock: Poultry, Ruminant, Swine, Aquaculture, Other Livestock
4) By Form: Dry, Liquid
Major Driver - Demand For Animal-Based Protein Drives Trace Minerals In Feed Market
Growing demand for animal-based protein is expected to propel the growth of the trace minerals in feed market going forward. Animal-based protein refers to protein derived from animal sources, such as meat, offal, milk, and eggs. The use of trace minerals in animal-based protein is a critical aspect of animal nutrition, aiming to address potential deficiencies and optimize the health and performance of production animals through the strategic inclusion of bioavailable trace mineral sources in their feed. For instance, in June 2022, a survey conducted by the University of Minnesota's College of Food, Agricultural and Natural Resource Sciences (CFANS) in collaboration with the International Food Information Council (IFIC), a US-base non-profit organization showed that 80% of U.S. adult consumers prefer animal-based protein (pork, beef, poultry, and fish) as their main sources of protein. Therefore, the growing demand for animal-based protein is driving the trace minerals in feed market.
Competitive Landscape:
Major companies operating in the trace minerals in feed market report are Cargill Inc., Archer-Daniels-Midland Company, BASF SE, Bluestar Adisseo Co. Ltd., Nutreco NV, Alltech Inc., Zinpro Corp., Novus International Inc., Kemin Industries Inc., Lallemand Inc., Virbac SA, QualiTech Inc., Dr. Paul Lohmann Gmbh & Co. KGAA, Koninklijke DSM NV, Orffa International Holding BV, Direct Line Insurance Group plc, Veterinary Professional Services Ltd., Chemlock Nutrition Corporation, Dr. Eckel Animal Nutrition GmbH & Co. KG, Green Mountain Nutritional Services Inc., JH Biotech Inc., Feed One Co. Ltd., Precision Castparts Corporation, Reliance Steel & Aluminum Co., Nippon Steel Corp., CRS Holdings LLC, Daido Steel Co. Ltd., Mishra Dhatu Nigam Limited, Perryman Company, Toho Titanium Co. ltd. .
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Top Trend - Zinpro Corporation Redefines Dairy Nutrition With Zinpro Isoferm
Product innovations have emerged as the key trend gaining popularity in the trace minerals in feed market. 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.
The Table Of Content For The Market Report 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
…..
27. Trace Minerals in Feed Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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