A research study titled, “Animal Feed Organic Trace Minerals Market by product and application - global industry analysis and forecast to 2025”, published by crystal market research.
Market Highlights:
The global Animal Feed Organic Trace Minerals Market was worth USD 484.67 million in the year 2016 and is predicted to reach approximately USD 869.55 million by 2025, while registering itself at a compound annual growth rate (CAGR) of 6.71% during the forecast period. Organic trace minerals also termed chelates are utilized in small amounts in animal feed. The animal feed industry that is witnessing substantial growth is said to be the key factor that influences the growth of the market during the forecast period. Growing consumption of meat is also a major factor behind the growth of the market as meat is known to be the highest source of proteins. A switch in the pattern of food consumption which includes proteins extracted from animals is playing a vital part in the increasing consumption of meat across the globe. Factors as such are anticipated to influence the growth of the organic trace minerals significantly. The United States was the second largest market in the year 2016 after China.
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The Animal Feed Organic Trace Minerals Market Is Segmented As Follows:
Animal Feed Organic Trace Minerals Market, By Product, Estimates and Forecast, 2016-2025 ($Million):Selenium
Iron
Zinc
Copper
Others
Market Highlights:
The global Animal Feed Organic Trace Minerals Market was worth USD 484.67 million in the year 2016 and is predicted to reach approximately USD 869.55 million by 2025, while registering itself at a compound annual growth rate (CAGR) of 6.71% during the forecast period. Organic trace minerals also termed chelates are utilized in small amounts in animal feed. The animal feed industry that is witnessing substantial growth is said to be the key factor that influences the growth of the market during the forecast period. Growing consumption of meat is also a major factor behind the growth of the market as meat is known to be the highest source of proteins. A switch in the pattern of food consumption which includes proteins extracted from animals is playing a vital part in the increasing consumption of meat across the globe. Factors as such are anticipated to influence the growth of the organic trace minerals significantly. The United States was the second largest market in the year 2016 after China.
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https://www.crystalmarketresearch.com/report-sample/FB09201
The Animal Feed Organic Trace Minerals Market Is Segmented As Follows:
Animal Feed Organic Trace Minerals Market, By Product, Estimates and Forecast, 2016-2025 ($Million):Selenium
Iron
Zinc
Copper
Others
Animal Feed Organic Trace Minerals Market, By Application, Estimates and Forecast, 2016-2025 ($Million):Horses
Dairy Cattle
Pigs
Poultry
Others
Animal Feed Organic Trace Minerals Market, By Region, Estimates and Forecast, 2016-2025 ($Million):
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
Dairy Cattle
Pigs
Poultry
Others
Animal Feed Organic Trace Minerals Market, By Region, Estimates and Forecast, 2016-2025 ($Million):
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
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Competitive Insights:
In the year 2015 Cargill Inc., had a turnover of USD 120 billion. This made the company the largest player in the market of organic trace minerals in the year 2016. With the aim of increasing its share in the growing region of Asia Pacific, the company introduced an animal nutrition manufacturing plant in Vietnam which was valued USD 8.5 million. Other key players in the market are Royal DSM NV, Alltech, Inc., Nutreco N.V. Expansions & investments and Archer Daniels Midland Co.
Competitive Insights:
In the year 2015 Cargill Inc., had a turnover of USD 120 billion. This made the company the largest player in the market of organic trace minerals in the year 2016. With the aim of increasing its share in the growing region of Asia Pacific, the company introduced an animal nutrition manufacturing plant in Vietnam which was valued USD 8.5 million. Other key players in the market are Royal DSM NV, Alltech, Inc., Nutreco N.V. Expansions & investments and Archer Daniels Midland Co.
Regional Outlook and Trend Analysis:
In the year 2016 the organic trace minerals market was dominated by Asia Pacific. India and China had the largest share making the region the largest processor and consumer of feed. Europe had a share of 27.7 percent of the market in the year 2016. This region witnessed major growth due to increasing demand of animal feed from countries like France, Netherlands, Spain and Germany. Factors like suitable climatic conditions have assisted in the growth of poultry which has spurred the requirement for organic trace minerals. The North American market is anticipated to witness steady growth owing to increased consumption of turkey and pork. This region is said to have steady growth of the dairy cattle industry, thereby influencing the growth of the organic trace mineral market.
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About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
In the year 2016 the organic trace minerals market was dominated by Asia Pacific. India and China had the largest share making the region the largest processor and consumer of feed. Europe had a share of 27.7 percent of the market in the year 2016. This region witnessed major growth due to increasing demand of animal feed from countries like France, Netherlands, Spain and Germany. Factors like suitable climatic conditions have assisted in the growth of poultry which has spurred the requirement for organic trace minerals. The North American market is anticipated to witness steady growth owing to increased consumption of turkey and pork. This region is said to have steady growth of the dairy cattle industry, thereby influencing the growth of the organic trace mineral market.
Check discount offer for Report click on the link @
https://www.crystalmarketresearch.com/check-discount/FB09201
About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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Las Vegas NV 89107,
United States
Toll Free: +1-888-213-4282
Email: sales@crystalmarketresearch.com
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