Feed Micronutrients Market analysis research and trends report for 2017-2024

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Feed Micronutrients Market to cross 2bn by 2024
Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Feed Micronutrients Market

• Poultry was worth over USD 540 million in 2016.
  Increasing demand for processed food coupled with
  egg consumption will propel the industry growth.
• Ruminants will generate over USD 500 million in
  revenue by 2024. Rising milk consumption globally
  will facilitate industry growth. For instance,
  annual milk consumption in developing countries
  was around 55 kg per capita in 2016 and expected
  to reach 66 kg by 2030.
• North America feed micronutrients market was
  valued over USD 365 million in 2016. Rising
  demand for nutrient rich meat to ensure healthy
  diet are the key factors positively influencing
  the product demand. Strong outlook for vitamins,
  ferments and emulsifiers in this region due to
  presence of livestock breeding centers will
  support the business growth.

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Continued...

• Asia Pacific, led by China feed micronutrients
  demand was over 80 kilotons in 2016. Increasing
  health awareness along with rising consumption of
  milk, curd, cheese yogurt are the key factors
  driving growth.
• Europe market will value over USD 585 million by
  2024. Favorable government regulations pertaining
  to bio products will drive the product demand.
  Fodder industry expansion along with growth in
  livestock farming breeding activities is
  expected to stimulate industry growth.
• Global feed micronutrients market share is
  moderately fragmented due to presence of
  multinational as well as domestic manufacturers.
  Cargill, Aries Agro, Nutreco N.V., ADM, Agrium
  Advanced Technologies, Balchem Corp., Qualitech,
  Alltech, Kemin, Lallemand, Gawrihar Bio-Chem,
  Novus International and Zinpro Corporation are
  among the key industry players.

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U.S. Feed Micronutrients Market Size, By Product,
2016 2024 (USD Million)

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360 Analysis

• Application Trends
• Increasing awareness among consumers pertaining
  to side effects from chemically processed foods
  will support the demand. Adverse effects of
  fodder on animals health due to lack of certain
  vital nutrients, makes the product a crucial
  supplement in livestocks everyday meal. Rising
  demand for nutrient rich meat dairy products
  for providing healthy diet to consumers is
  further fueling industry growth.
• Regional Trends
• APAC, led by India and China feed micronutrient
  market was at over 83 kilotons in 2016. Surge in
  demand for nutritious food particularly in
  geriatric population for increasing life
  expectancy level will benefit product demand.
  Rising meat consumption particularly in India,
  China and rest of the world, favorable
  socio-economic factors are the factors positively
  influencing the industry demand. As per recent
  statistics, an average Japanese person consumes
  around 50 kg of meat every year.
• Competitive Market Share
• Companies are adopting strategies including,
  collaboration, partnership and new product launch
  for providing an opportunity to increase product
  penetration. Expansion of supply chain network
  across North America and APAC to increase
  geographical presence will influence industry
  share.

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