openPR Logo
Press release

Animal Feed Micronutrients Market 2023: By Product, Application, Manufacturer, Sales and Segmentation - Infinium Global Research

02-05-2018 10:37 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Infinium Global Research

Animal Feed Micronutrients Market 2023: By Product,

A new research report published by Infinium Global Research identified that The global animal feed micronutrients market is driven by the factors such as growing awareness about the importance of animal feed micronutrients in aiding the development and fertility of animals, growing demand for animal protein from milk & meat providing cattle and poultry and increasing applications for dairy products in food & beverage industry. However, critical dosage application of animal feed micronutrients, restrictions in the consumption of meat in different countries, preference of some farmers to stick with traditional feed and grass  are likely to act as restraining factors affecting the global animal feed micronutrients market over the forecast period.

According to the report the global animal feed micronutrients market was worth USD 1299.2 million in 2016 and it is projected to reach USD 2032.2 million in 2023, expanding at a CAGR of 6.7% between 2017 and 2023.

Get Sample Copy of this Report: https://www.infiniumglobalresearch.com/Reports/MakeSampleRequest/276

Europe dominates the world animal feed micronutrients market in terms of dollar share, while Asia-Pacific is anticipated to be the second largest market over the forecast period. Emerging markets of Asia-Pacific, Middle East and Latin America regions are expected to drive the growth in the world market. Significant presence of dairy and meat industry coupled with growing awareness about the animal health in North America and Europe is expected to contribute significantly to the growth of animal feed micronutrients in the world market over the period of 2017 – 2023.

The growing demand for animal protein from milk & meat providing cattle and poultry 

As milk and meat products contain rich protein, the consumption of those is increasing.  Availability of frozen and packaged milk and meat products in retail stores make them even more convenient to use as they last longer. According to FAO, global meat production is anticipated to reach 48 Mt by 2025, predominantly due to the rise in production in developing countries. According to OECD, Latin America, North America and Europe are the major beef consuming regions. As per FAS/USDA data, global beef consumption in 2016 was 129.5 billion pounds. However, the consumption of beef in matured economies is decreasing as consumers prefer poultry more. The consumption of beef in developing countries is increasing, even though the global prices of beef are relatively higher than poultry meat. Cattle can provide meat for numerous consumers and it is relatively cheaper option in some regions. People who are wary of broiler chicken meat got an alternative in beef.  Due to the increasing demand in regions with lesser livestock, many countries export significant amount of beef products. Unlike goats and other milk providing animals, cattle can produce more milk. According to FAO, milk production in 2013 was 770 billion liters. More than 80% of that was produced by cows. According to OECD, the global per capita dairy consumption was approximately 111.3 kg in 2015 and it is expected to increase by 12.5% over a decade. Dairy products are the fifth largest source for energy and third largest source for fat and protein for humans.  For faster growth, better reproduction and more milk production, livestock industry is anticipated to reply more on micronutrients based animal feeds.

Make an Enquiry: https://www.infiniumglobalresearch.com/Reports/MakeEnquiryRequest/276

Report Segmentation and Geographic coverage

The report segment the global animal feed micronutrients market by product, by type, by livestock and by regions. Market segmentation based on the types includes zinc, iron, manganese, copper and others including nickel. By livestock segment comprises poultry feed, aqua feed, ruminant feed, pork (swine) feed and others including equine feed and dog food among others. The global animal feed micronutrients market is analyzed covering the regions such as North America, Europe, Asia- Pacific, Latin America and Rest of the World.

For More Information Food & Beverages and Agriculture Related Reports click here: https://www.infiniumglobalresearch.com/food_beverage

Companies Covered           

The report covers major player operating the animal feed micronutrients market such asCargill Inc., BASF SE, ADM Company, Evonik Industries A/S, Novozymes A/S, AlltechInc, Addiseo France SAS, Chr Hansen Holdings A/S., Invivo NSA SAS, Koninkliijke DSM N.V., and Nutreco N.V.

About Us

Infinium Global Research and Consulting Solutions is started with a single motto of being business partner of first choice. We at Infinium work on the strengths of our clients to ensure we help them consolidate their market position. We firmly believe in the fact that ‘if you are able to develop newer opportunities then you find there is no dearth of opportunities for you. With our strategic research approaches and deep dive in the market segments, we try to find out new opportunities that our clients can encash with their existing resources. Our experts with over 100 years of cumulative experience in research offer the best in the industry services to our clients to ensure that they achieve their business goals.

Contact Us

Infinium Global Research,
Toll Free:
U.S. + Canada: 1-800-638-0796,
UK: +44-2033182010
Website : https://www.infiniumglobalresearch.com
Email: sales@infiniumglobalresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Animal Feed Micronutrients Market 2023: By Product, Application, Manufacturer, Sales and Segmentation - Infinium Global Research here

News-ID: 930723 • Views:

More Releases from Infinium Global Research

Global Aircraft Tyre Market Size Worth USD 2478.09 Million By 2030 | CAGR 5.47%: Infinium Global Research
Global Aircraft Tyre Market Size Worth USD 2478.09 Million By 2030 | CAGR 5.47%: …
Infinium Global Research, a prominent market research firm, has released an in-depth report providing a comprehensive analysis of the Global Aircraft Tyre Market. The report dives into segments and sub-segments, highlighting both global trends and regional insights that significantly impact this dynamic industry. To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/market-reports/sample-request/1058 Steady Market Growth The global aircraft tyre market, valued at USD 1634.41 million in 2022, is anticipated to surge to
Global Automotive Interior Leather Market to Hit USD 61.6 Billion, Globally By 2030 at 6.50% CAGR | Infinium Global Research
Global Automotive Interior Leather Market to Hit USD 61.6 Billion, Globally By 2 …
Infinium Global Research, a leading research firm, has published an extensive report providing a detailed analysis of the Global Automotive Interior Leather Market. The report offers comprehensive insights into segments and sub-segments, highlighting both global trends and regional dynamics shaping this thriving industry. To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/market-reports/sample-request/1266 Steady Market Growth The global automotive interior leather market, valued at USD 30.82 billion in 2022, is projected to skyrocket
Global Automatic Car Wash Market Growing at a CAGR of 4.01% to Reach USD 5.82 Billion By 2030 | Infinium Global Research
Global Automatic Car Wash Market Growing at a CAGR of 4.01% to Reach USD 5.82 Bi …
Infinium Global Research, a leading authority in market analysis, has released an extensive report offering a deep dive into the Global Automatic Car Wash Market. The report presents an in-depth analysis of segments and sub-segments, shedding light on both global trends and regional dynamics impacting this burgeoning industry. To Know More Request a Sample of this Report: https://www.infiniumglobalresearch.com/market-reports/sample-request/1295 Robust Market Growth The automatic car wash market, valued at USD 4.04 billion
Global Automotive Logistics Market is Anticipated to Reach USD 363.03 Billion at a Robust CAGR of 5.51% Between 2023 to 2030 | Infinium Global Research
Global Automotive Logistics Market is Anticipated to Reach USD 363.03 Billion at …
Infinium Global Research, a leading market research firm, has released an expansive report offering an in-depth analysis of the Global Automotive Logistics Market. The report delves into crucial segments and sub-segments, shedding light on both global and regional dynamics impacting this intricate industry. The comprehensive study reveals the profound impact of drivers, restraints, and macro indicators on the automotive logistics market. Providing a comprehensive outlook, the report highlights evolving trends, forecasts,

All 5 Releases


More Releases for America

Waterproof Labels Market Outlook, Supportive Judgments | SATO America, LANGGUTH …
Report Ocean recently published a new report on the Global Waterproof Labels Market. The study has an in-depth analysis of the forecast period from 2021-2025. The report reveals a comprehensive picture of the Waterproof Labels Market situation, taking into consideration all major trends, market dynamics, and competitive factors. Additionally, the report contains key statistics concerning the Waterproof Labels Market situation of the leading key players, key market trends, and potential
Textiles Market Analysis Report, Regional Outlook - Europe, North America, South …
Adroit Market Research has announced the addition of the “Global Textiles Market Size Status and Forecast 2025”, The report classifies the global Textiles in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Textiles Speaker market, analyzes and researches the Textiles Speaker development status and forecast in Europe, North America, Central America, South America, Asia Pacific
Blow Molding Machinery Market Analysis Report, Regional Outlook - Europe, North …
Adroit Market Research has announced the addition of the “Global Blow Molding Machinery Market Size Status and Forecast 2025”, The report classifies the global Blow Molding Machinery in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Blow Molding Machinery Speaker market, analyzes and researches the Blow Molding Machinery Speaker development status and forecast in Europe,
Global Gaucher Disease Market 2018 Covering North America, South America, Europe
Gaucher Disease Market Summary The Global Gaucher Disease Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The key players are continuously focusing on expanding their geographic reach and broadening their customer base, in order to expand their product portfolio and come up with new advancements. Gaucher Disease market size to maintain the average annual growth
Epigenetics Market by End Users, and by Geography North America, Latin America, …
Increasing research to study the epigenetics of the genome (study called epigenomics) is expected to boost growth of the epigenetics market over the forecast period. Genome-wide epigenetic studies play an important role in the diagnostics of human diseases. Moreover, implementation of epigenetics for oncology research is estimated to propel the growth of epigenetics market. For instance, Constellation Pharmaceuticals, in April 2018, invested US$ 100 million for development of cancer epigenetics
Spas and Beauty Salons Market - South America, Central America and North America …
Consumers’ changing perception towards personal care coupled with continuous strive to improve general well-being are generating a positive impact on the spas and beauty salons industry. Growing consumer need to improve personal appearance and well-being has increased the demand for wellness solutions. Spa centers and beauty salons, in order to meet the increasing demand for unique spa and beauty services, are constantly striving to improve their services by focusing on