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Animal Feed Organic Trace Minerals Market Trends

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

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Animal Feed Organic Trace Minerals Market Trends

The market is witnessing significant shifts. Rising consumer demand for sustainably sourced animal products is fueling a preference for natural and organic feed additives. According to the USDA, organic food sales in the United States reached $62 billion in 2023, reflecting this growing trend. Moreover, advancements in mineral chelation technology are bolstering the bioavailability and effectiveness of these minerals. Regulatory mandates to curtail antibiotic use in livestock feed are propelling the adoption of organic trace minerals as healthier alternatives.

The FDA reported a 33% reduction in antibiotic sales for livestock from 2015 to 2022, highlighting this regulatory impact. Furthermore, a global push for heightened livestock productivity and health, in response to increasing protein demands, is further underpinning the market's growth. The FAO projects a 70% increase in global meat production by 2050 to meet rising protein needs.

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.