Animal Feed Organic Trace Minerals Market to 2027 - Opportunity Analysis & Growth Insights Report

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Animal Feed Organic Trace Minerals Market -
Latest Trends, Development Outlook and Demand
Analysis to 2027
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• Animal Feed Organic Trace Minerals Market size is
  expected to surpass USD 1.3 billion by 2027.
  Growing awareness regarding the need to improve
  gut health and immunity of livestock coupled with
  the increasing outbreak of diseases in animal
  will boost the demand for organic trace minerals
  over the forecast period.
• Some major findings of the market report include
• Growing demand for highly nutritious,
  protein-rich foods, such as eggs and poultry
  meat, in daily diets is likely to boost product
  demand and drive market growth during the
  assessment period.
• Animal feed organic trace minerals market for
  iron was valued at USD 150.0 million in 2020 and
  expected to grow at a CAGR of 5.5 during the
  forecast period. Iron is used in hemoglobin
  formation, and it helps to oxygenate the blood,
  boosts the immune system, aids cognitive function
  are expected to raise the product demand.
• The animal feed organic trace minerals market for
  swine is anticipated to reach USD 260.0 million
  by 2027 and is expected to grow at a CAGR of over
  5.5 during the forecast period
• Increasing poultry farming activities in
  different countries of Asia Pacific, such as
  India, China, Thailand, and Japan coupled with
  favorable government support in the form of
  schemes and subsidies will promote the growth of
  poultry farming, fostering demand for organic
  feed additives including trace minerals thereby
  driving the regional market at a CAGR of 7.0.

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• The North America animal feed organic trace
  minerals market is estimated to reach USD 480.0
  million by 2027 and is expected to grow at a CAGR
  of around 5.5 over the forecast timeframe.
• Alltech, Inc, Archer Daniels Midland Company,
  Pancosma SA, Biochem, Royal DSM, Vamso Biotec
  Pvt. Ltd., and Novus International, Inc., are
  some of the major players operating in the market
• Market players are investing heavily in RD to
  develop manufacture innovative cost-effective
  products capable of improving the gut health and
  immunity of livestock.
• According to the Food and Agriculture
  Organization (FAO), poultry populations increased
  from 9,038.3 million in 2018 to 9,177.2 million
  in 2019. The population of cattle and calves in
  the region was 93.8 million in 2020. Therefore,
  increasing consumer demand for animal meat will
  create the need for increased yields that can be
  achieved by adding organic animal feed additives
  such as trace minerals to the feed. North America
  animal feed organic trace minerals is anticipated
  to reach USD 450.0 million by 2027 and is
  expected to grow at a CAGR of 5.5 throughout the
  assessment period.

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• Regional Analysis

• The U.S. is believed to dominate the market due
  to increased consumption of livestock and the
  mass production of animal feed. according to ITC
  Trade, the country has exported 1,360,916 tons of
  animal feed in 2019, compared to 1,448,583 tons
  in 2018. The U.S. animal feed organic trace
  mineral market was valued at over USD 260 million
  in 2020 and is expected to grow at a CAGR of 5.0
  over the forecast period.

• Competitive Analysis

• Key players in the animal feed organic trace
  mineral market are Alltech, Inc, Royal DSM,
  Archer Daniels Midland Company, Vamso Biotec Pvt.
  Ltd., Novus International, Inc., Pancosma SA,
  Cargill, Biochem, and Nutreco N.V. The companies
  are engaged in extensive research development
  to develop innovative products to improve the
  quality of products and expansion of production
  facilities to cater the growing demand.

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Trace Minerals Market _at_ https//www.gminsights.com
/industry-analysis/animal-feed-organic-trace-miner
als-market
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