Press release
Analysis of Segments and Major Growth Areas in the Trace Minerals in Feed Market
Trace Minerals in Feed Market Size
Projected Market Value and Growth Path of the Trace Minerals in Feed Market
The trace minerals in feed market is forecasted to achieve a substantial valuation of $787.53 billion by 2030, growing at a steady compound annual growth rate (CAGR) of 6.3%. This upward trajectory is fueled by rising demand for enhanced animal nutrition performance, a stronger emphasis on sustainable livestock farming, expanding use of aquaculture feeds, wider adoption of precision feeding techniques, and increased investments in specialized feed additives. Key trends expected to influence the market include growing preference for organic trace mineral supplements, increased utilization of chelated mineral forms, greater focus on boosting animal immunity and health, broader implementation of precision nutrition practices, and intensified efforts to optimize feed efficiency.
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Leading Players Steering the Trace Minerals in Feed Industry
The competitive landscape of the trace minerals in feed market features a range of prominent companies actively shaping industry developments. These 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., Virbac SA, QualiTech Inc., Dr. Paul Lohmann Gmbh & Co. KGAA, Koninklijke DSM NV, Orffa International Holding BV, Chemlock Nutrition Corporation, Dr. Eckel Animal Nutrition GmbH & Co. KG, Green Mountain Nutritional Services Inc., JH Biotech Inc., and Feed One Co. Ltd.
Innovative Collaborations Boosting Bio-Trace Mineral Production
In August 2023, India-based government bodies, the Technology Development Board (TDB) and the Department of Science and Technology (DST), teamed up with Chemlife Innovations to launch the Innovative Bio-Trace Minerals Project. This initiative aims to transform bio-trace mineral manufacturing for animal feed by applying the proprietary 'Accelerated Natural Bio Transformation' (ANBioT) technology. The project focuses on improving the bioavailability of trace minerals through a novel nutrient delivery system. Chemlife Innovations specializes in food and beverage, contributing its expertise to revolutionize mineral supplementation in feed.
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How Industry Trends Are Shaping Trace Minerals in Feed Practices
Companies in this sector are actively crafting innovative and practical guidelines to tackle challenges faced by the food and beverage industry. One significant development appeared in January 2023 when US-based Zinpro Corporation released the Zinpro Global Poultry Mineral Guide. This interactive resource reassesses trace mineral nutrition tailored to various poultry species including broilers, broiler breeders, commercial layers, turkeys, and turkey breeders. The guide enables users to adjust mineral recommendations according to specific production objectives such as antibiotic-free diets, breast myopathies, meat quality, food safety, disease management, sustainability issues, and genetic lines.
Customization and Specific Focus in Poultry Trace Mineral Nutrition
The Zinpro Global Poultry Mineral Guide is designed to help poultry producers navigate complex nutrition requirements with precision. It addresses diverse challenges by offering species-specific advice and integrates factors like infection disease control and meat quality enhancement. This customizable approach highlights the growing trend toward precision nutrition and targeted supplementation to improve overall animal health and production outcomes.
Detailed Segmentation Within the Trace Minerals in Feed Market
This report divides the trace minerals in feed market into several key segments:
1) By Type: Zinc, Copper, Cobalt, Manganese, Iron, Chromium
2) By Chelate Type: Amino Acids, Proteinates, Polysaccharides, Other Chelate Types
3) By Livestock: Poultry, Ruminant, Swine, Aquaculture, Other Livestock
4) By Form: Dry, Liquid
Subcategories include:
- Zinc: Zinc Oxide, Zinc Sulfate, Organic Zinc
- Copper: Copper Sulfate, Organic Copper, Copper Oxide
- Cobalt: Cobalt Sulfate, Cobalt Gluconate
- Manganese: Manganese Oxide, Manganese Sulfate, Organic Manganese
- Iron: Iron Sulfate, Iron Oxide, Organic Iron
- Chromium: Chromium Picolinate, Chromium Chloride
This detailed breakdown allows for a comprehensive understanding of the various products and forms shaping the market's structure and growth potential.
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