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Animal Feed Organic Trace Minerals Market Analysis

  • Report ID: GMI1402
  • Published Date: Jul 2024
  • Report Format: PDF

Animal Feed Organic Trace Minerals Market Analysis

The market share from the zinc segment will observe around 7.2% CAGR through 2032 with a market size of USD 683.8 million. The zinc segment in the market holds significant potential due to zinc's crucial role in animal health and development. Organic zinc sources, such as zinc chelates, offer improved bioavailability compared to inorganic forms, leading to better absorption and utilization in livestock. This enhances immune function, growth, and reproductive performance. With increasing regulatory restrictions on antibiotics, organic zinc is becoming a preferred alternative for promoting animal health. The segment is expected to expand as the livestock industry seeks sustainable and efficient nutrient solutions, driven by the demand for high-quality animal products and sustainable farming practices.
 

Animal Feed Organic Trace Minerals Market Revenue Share, By Livestock, (2023)

The dairy segment in animal feed organic trace minerals market size will reach USD 619.9 million by 2032 with a CAGR of 7%. The dairy segment within the market holds significant potential due to its focus on enhancing milk production and quality. Organic trace minerals, such as zinc, copper, and selenium, play a crucial role in improving dairy cattle health, reproductive performance, and milk yield. Their superior bioavailability supports better absorption and utilization, leading to more robust immune systems and reduced disease incidence. As dairy producers seek to boost productivity and sustainability, the demand for organic trace minerals is expected to grow. This trend aligns with increasing consumer demand for high-quality dairy products and sustainable farming practices.
 

Europe Animal Feed Organic Trace Minerals Market Size, 2021- 2032  (USD Million)

Europe animal feed organic trace minerals market will record a market size of about USD 446.6 million and 7% CAGR during 2024 and 2032. The European food system has emerged as a trusted provider of nutritious, safe, and high-quality food on a global scale due to modernization, innovative technology, and improvements in agricultural techniques that lead to more efficient and eco-friendly meat production. Furthermore, Europe has witnessed a surge in aquaculture feed consumption and high demand for chicken meat due to its healthier image compared to other meats, ease of preparation, lack of religious restrictions, and relatively lower price, which is projected to impel the market progression.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global animal feed organic trace minerals industry was valued at USD 740.5 million in 2023 and is anticipated to register over 6.9% CAGR between 2024 and 2032, driven by rising demand for sustainable agriculture and improved feed efficiency.

The zinc segment in the market is expected to reach USD 683.8 million by 2032 due to increasing demand for high-quality animal products and sustainable farming practices.

Europe animal feed organic trace minerals market is expected to reach USD 446.6 million by 2032, fueled by the modernization, innovative technology, and improvements in agricultural techniques.

Zinpro Corporation, Mercer Milling Company, Inc., Archer Daniels Midland Company, Alltech, Inc, Ridley, Inc., Phibro Animal Health Corporation, Novus International, Inc., Davidsons Animal Feeds, and Cargill.

Animal Feed Organic Trace Minerals Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 172
  • Countries covered: 21
  • Pages: 200
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