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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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Animal Feed Organic Trace Minerals Market
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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.