Trace Minerals in Feed Market 2024 - By Demand, Leading Companies, Industry Insights, Future Opportunities And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Trace Minerals in Feed Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $692.98 billion In 2028 At A CAGR Of 5.6%.

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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Trace Minerals in Feed Market Major Segments
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

Key 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.

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Prominent 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.

Trace Minerals in Feed Market Players
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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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the trace minerals in feed market in 2023. Asia-Pacific is expected to be the fastest-growing region in the trace minerals in feed market report during the forecast period. The regions covered in the trace minerals in feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Trace Minerals in Feed Market Report Structure
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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