Press release
Global Trace Minerals in Feed Market: Steady Growth, Market Size Projections, Key Drivers and Trends
Trace Minerals in Feed Market Size
What Is The Projected Market Size Of The Global Trace Minerals in Feed Market And Its Growth Rate?
The following key statistics outline the potent growth of the trace minerals in feed market:
• The market grew from $557.08 billion in 2024 to $588.92 billion in 2025, marking a CAGR of 5.7%. This growth was a result of traditional livestock farming practices, scientific research on animal health, and the wider use of feed additives.
• The trace minerals in feed market size is poised for robust growth in the next few years, set to reach $738.28 billion in 2029 with a CAGR of 5.8%. Drivers contributing to this growth include consumer education, global livestock production growth, focus on animal health, and environmental concerns.
What Is Driving The Growth In The Trace Minerals in Feed Market?
A surge in the demand for animal-based protein is fueling the trace minerals in feed market. Protein derived from animal sources such as meat, milk, and eggs emphasizes the critical aspect of animal nutrition, addressing potential deficiencies and optimizing the health and performance of production animals. According to a survey conducted by the University of Minnesota's College of Food, Agricultural and Natural Resource Sciences, 80% of U.S. adult consumers prefer animal-based protein as their main sources of protein, indicating a promising future for the trace minerals in feed market.
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Who Are the Key Players Driving Trace Minerals in Feed Market Growth?
The major players operating in the trace minerals in feed market include:
• 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.
What Are The Key Trends In The Trace Minerals in Feed Market?
Key emerging trends in the trace minerals in feed market include:
• In-depth focus on animal nutrition
• Upswing in livestock production
• Advancements in scientific research
• Growing environmental concerns
• Implementation of regulatory standards
What Are The Segments Of The Global Trace Minerals in Feed Market?
The trace minerals in feed market is segmented by:
• Type: Zinc, Copper, Cobalt, Manganese, Iron, Chromium, Other Types
• Chelate Type: Amino Acids, Proteinates, Polysaccharides, Other Chelate Types
• Livestock: Poultry, Ruminant, Swine, Aquaculture, Other Livestock
• Form: Dry, Liquid
Which Region Leads The Trace Minerals in Feed Market?
Asia-Pacific dominated the trace minerals in feed market in 2024 and is projected to remain the fastest-growing region in the upcoming years. The regions included in the trace minerals in feed market report encompass Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Trace Minerals in Feed Market Global Market Report?
• Market Size Analysis: Analyze the Trace Minerals in Feed Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Trace Minerals in Feed Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Trace Minerals in Feed Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Trace Minerals in Feed Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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