The report "Trace
Minerals In Feed Market by Type (Iron, Zinc, Manganese, Copper, Cobalt,
Chromium, Other Types), Livestock , Chelate Type (Amino Acids, Proteinates,
Polysaccharides, Other Chelate Types), Form, And Region – Global Forecast To
2025", The global trace minerals in feed market size is estimated to
be valued at USD 472 million in 2020 and is expected to reach a value of USD
608 million by 2025, growing at a CAGR of 5.2% during the forecast period.
Factors such as the rise in production of compound feed, and the increase in
the importance of protein-rich diets among consumers across the globe opened
new avenues for trace minerals in feed market. The major feed producing
countries in the world include China, the US, Brazil, Mexico, Spain, India, and
Russia. The where the demand for chicken and red meat has been growing. This in
these countries, which has also contributed to the growth of the market.
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Iron, by type, is estimated to
hold the largest market share during the forecast period
The market for trace minerals in
feed, by type, has been segmented into iron, zinc, manganese, copper, cobalt,
chromium, other types which include selenium and iodine. iron is considered the
main constituent in the formation of hemoglobin and myoglobin, as it supports
the transport of oxygen to all parts of the body. The deficiency of iron causes
stunted growth, pale mucous membranes, anemia, and diarrhea in livestock. The
iron segment accounted for the largest share in the trace minerals in feed
market, as livestock species are most commonly affected by deficiencies of
iron, which causes oxidative stress and anemia. In the recent years, the EU has
approved iron compounds, such as ferric chloride hexahydrate, ferric oxide,
ferrous carbonate, ferrous chelate of amino acids, ferrous chelate of glycine
hydrate, ferrous fumarate, ferrous sulfate heptahydrate, and ferrous sulfate
monohydrate, without a time limit for use as a feed additive. Due to its higher
acceptance among regulatory bodies, the market for iron as a trace mineral in
feed is projected to witness a high growth rate during the forecast
period.
Poultry, by livestock, is estimated to hold the largest share in the
trace minerals in feed market during the forecast period
The poultry segment accounts for
the largest share and is also projected to grow at the fastest rate during the
forecast period. There has been a significant increase in demand for poultry
meat and other byproducts across the globe. People are therefore engaging in
animal rearing and animal husbandry to fulfil this global demand. The most effective way to achieve the highest
production is to supply these birds with trace minerals, such as zinc, copper,
and manganese, to increase their performance, which has led to an increase in
demand for trace minerals. Trace
minerals are indispensable components in poultry diets. They are required for
the growth, bone and feather development, and enzyme structure. The immune
functions of all poultry species depend on trace minerals. This drives the
growth of trace minerals in feed market across the globe.
Amino acids, by chelate type, is estimated to account for the largest
market share during the forecast period
Amino acids are considered an
ideal chelator due to their ability to be easily absorbed in the animal body.
This is due to the attachment of amino acids to the mineral molecules that
create a more stable structure, which helps the minerals survive in the acidic
environment of the stomach. Furthermore, trace minerals are protected from
various bacteria present in the body of animals, and enzymes are unable to
degrade it. It also inhibits the antagonistic action between metal ions and
decreases the breaking down of vitamins in the feed. This is due to their
ability to be easily absorbed in the body for the normal functioning of protein
synthesis. This increases the absorption of minerals directly in the intestinal
wall, along with amino acid ligands, to which they are bonded.
Dry, by form, is estimated to account for the largest market share
during the forecast period
The dry segment accounted for the
largest share in 2019, as trace mineral products in the dry form enable the
hygienic supply of these ingredients, and the feeding system is comparatively
easy to manage. Furthermore, the ease of mixing dry form of trace minerals into
the total feed, relative cost-effectiveness as compared to the liquid form, and
its long shelf life are some of the other key factors encouraging its use in
dry form. Trace minerals are mostly available in the dry form, as they are easy
to mix with feed products in the appropriate quantity. For instance, the
powdered copper and zinc could be mixed in the ratio of a billion parts of copper
or just one part of zinc. Additionally, other minerals and trace minerals in
powdered form could be mixed in similar ratios, without causing a reaction.
Furthermore, chelated trace minerals in the dry form find application in
various livestock. In addition, when mixed with dry feed, they are often
absorbed more efficiently by the body, if supplied rather than used as
supplements.
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Asia Pacific is estimated to hold the largest market share during the
forecast period
The trace minerals in feed market
is estimated to grow significantly in the Asia Pacific region due to the rise
in demand for poultry meat and poultry byproducts as well as ruminants from the
major economies such as China, India, Japan and other South East Asian
countries as they experience a surge in the increase in number of health
-conscious consumers. With the increase in awareness amongst consumers about
the essential nutrients requirement in daily diet, have increased the demand
for protein rich meat. In Asia Pacific, trends around healthy lifestyles and
prevention among older consumers trying to avoid expensive healthcare costs and
extend healthy lifespans are generating growth opportunities dietary
supplements. Thus, causing Trace minerals in feed to flourish in the region.
This report includes a study on
the marketing and development strategies, along with a study on the product
portfolios of the leading companies operating in the Trace minerals in feed
market. It consists of the profiles of leading companies such Cargill,
Incorporated (US), (US), BASF SE (Germany), Bluestar Adisseo Co., Ltd (China),
Koninklijke DSM N.V. (Netherlands), Nutreco N.V. (Netherlands), Alltech (US),
Zinpro (US), Orffa (Netherlands), Novus International (US), Kemin Industries,
Inc. (US), Lallemand, Inc. (Canada), Virbac (France), Global Animal Nutrition (US), Dr. Paul
Lohmann Gmbh & Co. KGAA (Germany), Biochem Zusatzstoffe (Germany), Veterinary Professional Services Ltd.
(Vetpro) (New Zealand), Chemlock Nutrition Corporation (US), dr. eckel animal
nutrition gmbh & co.kG (Germany),
Vetline (India), Green Mountain Nutritional Services Inc. (US), Biorigin
(Brazil), Tanke (China), JH Biotech, Inc. (US), QualiTech, Inc. (US)..
