Trace Minerals in Feed Market to Showcase Continued Growth in the Coming Years

 The trace minerals in feed market refers to the market for minerals that are added to animal feed in trace amounts. These minerals are essential for the proper growth, development, and overall health of livestock. Some of the commonly added trace minerals include iron, copper, zinc, manganese, and selenium.

The demand for trace minerals in feed has been growing due to the increasing population and rising demand for meat and dairy products. This, in turn, has led to an increase in the number of livestock and poultry, which has fueled the demand for trace minerals in feed.

There are several factors that are driving the growth of the trace minerals in feed market. One of the major factors is the increasing awareness about the importance of animal nutrition, which has led to an increase in the use of trace minerals in feed. The demand for high-quality animal-derived products has also led to an increase in the demand for trace minerals in feed.

In terms of geography, the trace minerals in feed market is expected to grow at a significant rate in Asia-Pacific and Latin America, due to the increasing demand for meat and dairy products, and the increasing number of livestock in these regions.

The major players operating in the trace minerals in feed market include ADM Animal Nutrition, Alltech, Inc., Evonik Industries AG, Nutreco N.V., and BASF SE, among others.

Trace Minerals in Feed Market Growth Opportunities - 

The trace minerals in feed market are expected to grow due to several factors, including the increasing demand for animal-based products, such as meat, dairy, and eggs, as well as the need for better animal health and nutrition. The use of trace minerals in animal feed helps to meet the nutritional requirements of livestock, which leads to improved animal health and performance. 

Growing awareness about the benefits of trace minerals in animal feed, coupled with advancements in animal nutrition, is also driving the growth of the trace minerals in feed market. Additionally, increasing consumer demand for high-quality animal-based products and a growing focus on sustainability and animal welfare are expected to fuel the demand for trace minerals in feed. 

Furthermore, increasing trade in animal-based products and the growth of the global livestock industry are also contributing to the growth of the trace minerals in feed market. The increasing demand for organic and sustainable animal-based products is also expected to create growth opportunities for the trace minerals in feed market. 

However, the high cost of trace minerals and the lack of standardization in the quality of trace minerals used in feed may pose challenges to the growth of the trace minerals in feed market.

Trace Minerals in Feed Market to Showcase Continued Growth in the Coming Years

The global trace minerals in feed market size is estimated to be valued 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 increasing demand for polutry, changing consumer preferences due to fast-paced lifestyles, and increased need for high protein sources in food products is driving the market for Trace minerals in feed during the forecast period.

 

 

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Key players in this market include Cargill, Incorporated (US), Koninklijke DSM N.V. (Netherlands), Archer Daniels Midland Company (US), Novus International (US), and Kemin Industries, Inc. (US), Zinpro Corporation (US), Alltech (US), Tanke (China), Global Animal Products (US), Orffa (Netherlands), BASF SE (Germany), Bluestar Adisseo (China), JH Biotech, Inc. (US), and Virbac (France).

Expansions and collaborations were the key strategies adopted by the leading players in the Trace minerals in feed market with a view to improve their product line and presence in the market.

 

Cargill, Incorporated (US) operates through food, agriculture, and financial and industrial products and services. The company provides a vast range of trace mineral products through its animal nutrition segment for beef cattle, dairy cattle, goats, swine, and horses. Furthermore, Cargill offers many animal nutrition products under its famous brands, such as Provimi, Purina, Diamond V, and Nutrena, which deliver essential trace minerals required in feed products to improve their health.

 

Cargill has 17 innovation and application centers across the globe that focus on the development of animal nutrition products and new methods to maximize feed conversion and improve animal performance. The company focuses on undertaking strategies, such as investments and partnerships, to expand the feed and nutrition business. For instance, the acquisition of Pro-Pet (France) in 2018 and partnership with InnovaFeed (France) helped it meet the nutritional needs of the growing livestock population. The global COVID-19 pandemic has led to an increase in consumer demand across the globe. However, the company has been successful in quickly adjusting its manufacturing operations and supply chains to help customers deliver food products to places where it is increasingly required. In the US, Cargill partnered with a restaurant chain to divert 90 million shell eggs to retail stores, while in Canada, it quickly re-packaged 4,000 cases of chicken breast originally intended for fast-food sandwiches to fill grocery store shelves.

 

Archer-Daniels-Midland Company (ADM) (US) is one of the major suppliers and manufactueres of animal nutrition products. ADM is addressing this demand by providing a wide range of innovative products for the animal nutrition market. We work closely with customers, universities and nutrition experts to research, develop, and create high-quality animal nutrition products. ADM’s product offerings range from amino acids and feed enzymes to high-quality macro feed ingredients, supplements, premixes, custom ingredient blends and specialty feed ingredients to aid in optimizing animal health and nutrition.

 

ADM is a member of more than 200 business and trade associations in the company that has its presence in more than 200 countries across the globe, 330 food and feed ingredient manufacturing facilities, 62 innovation centers, and the world’s premier crop transportation network. It mainly focuses on undertaking research and expansion strategies. For instance, in 2019, ADM opened its new livestock feed plant in Vietnam and acquired Neovia (US), an animal nutrition company, to expand its geographic reach and efficiently serve consumers around the world. Archer Daniels Midland Company (ADM) has recently comleted the acquisition of Neovia, which is also a major player in the animal nutrition industry.

 

BASF SE (Germany) operates through six segments, which include chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. It provides a range of trace minerals for feed products through its animal nutrition segment. It has a strong focus on undertaking innovation and development. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates in six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas, and Africa. BASF has customers in over 190 countries and supplies products to various industries. In animal nutrition, enzymes are used predominantly for monogastric animals such as pigs and poultry. BASF enzymes are added to feed, indigestible feed components so that they can be digested in the gastrointestinal tract. This means that the animals consume less feed and grow better, which is reflected in better efficiency.

 

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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. 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.

Sustainable Growth Opportunities in the Trace Minerals in Feed Market

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)..

Trace Minerals in Feed Market to Witness Unprecedented Growth in Coming Years

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.

Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=196308436

 

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.

 

Make an Inquiry @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=196308436

 

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)..

Sustainable Growth Opportunities in the Trace Minerals in Feed Market

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.

Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=196308436

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.

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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)..

Trace Minerals in Feed Market Will Hit Big Revenues In Future

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.

Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=196308436

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.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=196308436

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)..

Latest Regulatory Trends Impacting the Trace Minerals in Feed Market

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.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=196308436

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 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 a 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)..

Trace Minerals in Feed Market Projected to Garner Significant Revenues by 2025

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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Driver: Increase in the production of compound feed

With the rise in demand for meat and meat products and the increase in the importance of protein-rich diets among consumers across the globe, the demand for compound feed has been growing in the Asia Pacific, North American, and European countries. The Food and Agriculture Organization (FAO) estimates that by 2050, the demand for food products would grow by 60%, and that of animal protein would grow by 1.7% per year. It is also estimated that the production of meat, aquaculture, and dairy products would also increase. The major feed producing countries in the world include China, the US, Brazil, Mexico, Spain, India, and Russia. The demand for chicken and red meat has been growing in these countries, which has also contributed to the growth of the market. An increase in the number of feed mills could also be among the key factors, which have contributed to the overall increase in the production of compound feed.

Opportunity: Increase in the bioavailability of trace minerals

Bioavailability refers to the proportion of nutrients in food products, which is absorbed and utilized by the body of animals. In addition, utilization is the process of transportation, cellular assimilation, and conversion to a biologically active form. With the permissible limits being imposed on the use of trace elements in feed to reduce environmental risks, livestock farmers have not been able to improve feed conversion efficiency in livestock without providing a higher dosage of mineral supplements, as these elements are not easily absorbed by the digestive systems of animals. However, high demand is expected from unorganized livestock farmers and cooperative societies in developing countries. Therefore, manufacturers are developing techniques to supply these inorganic trace elements in organic forms, which would increase the bioavailability of these compounds and improve the productivity of livestock. The most commonly available trace elements in the organic form include copper, zinc, selenium, and chromium. The awareness about the benefits of organic mineral chelates among farmers is essential to bring a significant shift in the market demand for mineral supplements.

By type, the iron segment accounted for the highest share in the trace minerals for feed market.

Iron is one of the most important minerals required for the optimum functioning of the body. Iron cannot be ingested in its elemental form, thus it is available in the form of oxides and carbonates. Red iron oxide, yellow iron oxide, ferrous sulfate, and iron carbonate are used as additional supplements for iron. The ferrous compounds are being approved in the recent years. As livestock species are most commonly by the deficiency of iron, this causes oxidative stress and anemia, iron is thus important element to be included in the feed. 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.

The market for poultry segment is projected to account for the largest share during the forecast period

By livestock, poultry is the segment which accounted for the highest market share as well as the highest growth rate in the trace minerals in feed market. Global consumption peaked in 2019 and a continued upward consumption trend is expected, according to an IndexBox report. With a combined 40% share of global consumption. The increased focus on consumption of animal protein in daily diets is one of the preliminary aspects which have led to the growth of the market. The demand for white meat and eggs has been growing due to which the need for increasing livestock production has grown.

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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 lifespan 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)..

Trace Minerals in Feed Market: Growth Opportunities and Recent Developments

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.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=196308436

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.

Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=196308436

 
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).

Growth Opportunities in the Trace Minerals in Feed Market

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 an increase in the production of compound feed, increase in demand for animal protein in the human diet, the growing importance of animal nutrition in livestock production has driven the market for trace minerals into further growth. 

COVID-19 Impact on the Trace minerals in feed Market: 

COVID-19 impact on feed consumption has directed affected the consumption of meat and livestock products and by-products, such as milk, eggs. This is majorly due to feed supply shortages as a result of the shutdown of many facilities and completed lockdown in the majority of the important countries.

Moreover, there is an increased skepticism among consumers towards the consumption of poultry products due to the scare of the virus (COVID-19) getting transmitted to humans through the consumption. This has reduced the demand for animal feed in the global market.  

Download PDF Brochure: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=196308436

However, trace minerals such as zinc are extremely essential in the diet of animals as well as humans to ensure optimum health.  Zinc works as an antiviral agent by preventing the replication of RNA viruses. It does this by inhibiting RNA-dependent RNA polymerase (RdRP), an enzyme that causes the replication of RNA viruses, like the coronavirus or many others that are known to affect livestock and poultry. In addition to zinc, the trace minerals selenium, copper and manganese are required by the body and play a role in the adaptive and innate immune functions of animals. 

Opportunity: Increase in the bioavailability of trace minerals

Bioavailability refers to the proportion of nutrients in food products, which is absorbed and utilized by the body of animals. In addition, utilization is the process of transportation, cellular assimilation, and conversion to a biologically active form. With the permissible limits being imposed on the use of trace elements in feed to reduce environmental risks, livestock farmers have not been able to improve feed conversion efficiency in livestock without providing a higher dosage of mineral supplements, as these elements are not easily absorbed by the digestive systems of animals. However, high demand is expected from unorganized livestock farmers and cooperative societies in developing countries. Therefore, manufacturers are developing techniques to supply these inorganic trace elements in organic forms, which would increase the bioavailability of these compounds and improve the productivity of livestock. The most commonly available trace elements in the organic form include copper, zinc, selenium, and chromium. The awareness about the benefits of organic mineral chelates among farmers is essential to bring a significant shift in the market demand for mineral supplements. 

Challenge : High prices associated with trace minerals as an additive   

Feed products are one of the major factors that add to the overall cost of livestock production. It accounts for nearly 70% of the total livestock production cost. According to the FAO, of the total feed of cost, 95% is used to meet the energy and protein requirements of the livestock, 3%–4% is used for major mineral, trace mineral, and vitamin requirements, and 1%–2% for other feed additives. Feed manufacturers assemble various cereals and their by-products, amino acids, vitamin & mineral supplements, and feed additives on a low-cost basis by taking into consideration the nutrient contents and the unit cost of each of these products.

The raw material prices for mineral sources, such as zinc and copper, tend to fluctuate based on movements in the London Metal Exchange (LME) or due to high import duties imposed in specific countries. In certain cases, a limited supply of scrap material also pushes the prices of raw materials up, which, in turn, leading to an increase in the prices of trace minerals. These high prices usually lead to the low adoption of these minerals by livestock breeders. The iron segment of the trace minerals in feed market is projected to account for the largest share, by type

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 them. 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.

Make an Inquiry: 
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=196308436

Europe  is the fastest-growing market during the forecast period in the global Trace minerals in feed market

The European market is one of the largest consumers of trace minerals in feed and is growing at a moderate rate. The wide-scale use of trace minerals in European animal nutrition is attributed to the European Commission’s focus on reducing input costs and enhancing animal health in the early stages of growth. The use of trace minerals in animal nutrition depends on factors such as cost-effectiveness, availability, policies, and regulations. Favorable conditions, such as rules pertaining to the use of feed materials, requirements for feed hygiene, and regulations pertaining to undesirable substances in feed set by the European Commission, have had a positive impact on the feed industry, which is projected to drive the growth of the trace minerals in feed market in Europe.

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)..

Growth Opportunities in the Trace Minerals in Feed Market

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 increase in the production of compound feed, increase in demand for animal protein in human diet, the growing importance of animal nutrition in livestock productions has driven the market for trace minerals into further growth. 

COVID-19 Impact on the Trace minerals in feed Market: 

COVID-19 impact on the feed consumption has directed affected the consumption of meat and livestock products and byproducts, such as milk, eggs. This is majorly due to feed supply shortages as a resut of the shutdown of many facilitirs and completed lockdown in majority of the important countries.

Moreover, there is an increased skeptism among consuemrs towards the consumption of poultry products due to the scare of the virus (COVID-19) getting transmitted to humans through the consumption. This has reduced the demand of animal feed in the global market. 

Download PDF Brochure: 

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=196308436

However, trace minerals such as zinc are extremely essential in the diet of animals as well as humans to ensure optimum health. Zinc works as an antiviral agent by preventing the replication of RNA viruses. It does this by inhibiting RNA-dependent RNA polymerase (RdRP), an enzyme that causes the replication of RNA viruses, like the coronavirus or many others that are known to affect livestock and poultry. In addition to zinc, the trace minerals selenium, copper and manganese are required by the body and play a role in the adaptive and innate immune functions of animals. 

Opportunity: Increase in the bioavailability of trace minerals

Bioavailability refers to the proportion of nutrients in food products, which is absorbed and utilized by the body of animals. In addition, utilization is the process of transportation, cellular assimilation, and conversion to a biologically active form. With the permissible limits being imposed on the use of trace elements in feed to reduce environmental risks, livestock farmers have not been able to improve feed conversion efficiency in livestock without providing a higher dosage of mineral supplements, as these elements are not easily absorbed by the digestive systems of animals. However, high demand is expected from unorganized livestock farmers and cooperative societies in developing countries. Therefore, manufacturers are developing techniques to supply these inorganic trace elements in organic forms, which would increase the bioavailability of these compounds and improve the productivity of livestock. The most commonly available trace elements in the organic form include copper, zinc, selenium, and chromium. The awareness about the benefits of organic mineral chelates among farmers is essential to bring a significant shift in the market demand for mineral supplements. 

Challenge : High prices associated with trace minerals as an additive 

Feed products are one of the major factors that add to the overall cost of livestock production. It accounts for nearly 70% of the total livestock production cost. According to the FAO, of the total feed of cost, 95% is used to meet the energy and protein requirements of the livestock, 3%–4% is used for major mineral, trace mineral, and vitamin requirements, and 1%–2% for other feed additives. Feed manufacturers assemble various cereals and their by-products, amino acids, vitamin & mineral supplements, and feed additives on a low-cost basis by taking into consideration the nutrient contents and the unit cost of each of these products.

The raw material prices for mineral sources, such as zinc and copper, tend to fluctuate based on movements in the London Metal Exchange (LME) or due to high import duties imposed in specific countries. In certain cases, a limited supply of scrap material also pushes the prices of raw materials up, which, in turn, leading to an increase in the prices of trace minerals. These high prices usually lead to the low adoption of these minerals by livestock breeders .The iron segment of the trace minerals in feed market is projected to account for the largest share, by type

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.

Make an Inquiry: 

https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=196308436

Europe is the fastest-growing market during the forecast period in the global Trace minerals in feed market

The European market is one of the largest consumers of trace minerals in feed and is growing at a moderate rate. The wide-scale use of trace minerals in European animal nutrition is attributed to the European Commission’s focus on reducing input costs and enhancing animal health in the early stages of growth. The use of trace minerals in animal nutrition depends on factors such as cost-effectiveness, availability, policies, and regulations. Favorable conditions, such as rules pertaining to the use of feed materials, requirements for feed hygiene, and regulations pertaining to undesirable substances in feed set by the European Commission, have had a positive impact on the feed industry, which is projected to drive the growth of the trace minerals in feed market in Europe.

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)..