Scope of the Study
The upsurging demand for mineral rich animal meat is helping to boost the global Feed Trace Minerals market in the forecasted period. Minerals are the substance that occurs combined with natural substances. the natural substances are soil, water, and plants. Minerals in the animal diet are getting from the plants and water that are consumed by the animal. According to FAO of the United States, "Livestock contribute 40 % of the global value of agricultural output and support the livelihoods and food security of almost 1.3 billion people. The livestock sector is one of the fastest-growing parts of the agricultural economy." High protein content and quality animal meat are the utmost preference of the consumers. The meat processing industries are all set to expand their production capacities, and the key players are investing more in research and development, aiming at new and innovative formulations.
The market study is being classified and major geographies with country level break-up. According to AMA, the Global Feed Trace Minerals market is expected to see growth rate of 6.25%
Cargill (United States), ADM (United States), BASF (Germany), DSM (Netherlands), Nutreco (Netherlands), DLG Group (Denmark), InVivo (France), Alltech (United States), Phibro (United States) and Kemin (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Zinpro (United States), Novus (United States) and Bluestar Adisseo (China).
The global feed trace elements market is fragmented and is dominated by several small and medium regional, and local companies. The meat processing industries are all set to expand their production capacities, and the key players are investing more in research and development, aiming at new and innovative formulations. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Feed Trace Minerals market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Feed Trace Minerals market by Type, Application and Region.
On the basis of geography, the market of Feed Trace Minerals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The Growth in the Feed Production
- High Demand due to Standardization of Meat Products
- The Upsurging Organized Livestock Sector in Developing Economies
- Introduction of Precision Nutrition Techniques
- The Growing Concern of Raw Material Prices
- Shift Toward Natural Growth Promoters (NGP)
- Increasing Growth in Bioavailability of Trace Minerals
- Lack of Awareness in Developing and Underdeveloped Countries
Market Leaders and their expansionary development strategies
On13th December 2019, ADM has opened an animal nutrition technology center highlighting aquafeed and enzymes.
Key Target AudienceFeed Trace Minerals Manufactures, Providers, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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