Global Trace Minerals in Feed Market
Report Highlights
Market Overview:
The global Trace Minerals in Feed market was valued at USD 408.3 million in 2016 and is projected to reach USD 689.8 million by 2025, growing at a CAGR of 6.0% from 2017 to 2025.
Trace minerals in animal feed is expected to increase as the nutritional awareness among farmers in increasing. The awareness about trace minerals and their function is expected to boost demand for trace minerals in animal feed. The demand is expected to be high in Asia Pacific owing to large portions of land under cultivation.
Market Dynamics:
1. Market Drivers
1.1 Rise in feed production
1.2 Growth in organized livestock sector
2. Market Restraints
2.1 Fluctuating raw material prices
2.2 Lack of awareness in developing countries
Market Segmentation:
The global Trace Minerals in Feedmarket is segmented on the livestock, type, chelate, form, and region.
1. By Livestock:
1.1 Swine
1.2 Ruminants
1.3 Poultry
1.4 Aquaculture
1.5 Others
2. By Type:
2.1 Zinc
2.2 Iron
2.3 Copper
2.4 Manganese
2.5 Cobalt
2.6 Chromium
2.7 Others
3. By Chelate Type:
3.1 Proteinates
3.2 Amino Acids
3.3 Polysaccharides
3.4 Others
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. BASF
2. ADM
3. Kemin
4. BluestarAdisseo
5. Phibro
6. Alltech
7. DSM
8. DLG Group
9. Nutreco
10. Zinpro
11. Cargill
12. Invivo
13. Novus
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Trace Minerals in Feedmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.