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Report
Animal Feed Organic Trace Minerals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-10-15 I 147 Pages I IMARC Group
Market Overview:
The global animal feed organic trace minerals market size reached US$ 709 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,070 Million by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028.
Animal feed organic trace minerals include essential nutrients, such as iron, copper, manganese, zinc, and selenium, that are used in animal feed production. They are incorporated in small quantities to improve the feed quality and boost animal health. Animal feed organic trace minerals enhance animals' immunity and metabolism while improving the fertility rate. As compared to inorganic trace minerals, organic trace minerals are a bioavailable source and help in achieving the same production goals by feeding small amounts of nutrients from organic sources. As a result, these minerals are commonly used for pets, swine, dairy cattle, beef, and aquaculture animals.
Animal Feed Organic Trace Minerals Market Trends:
The increasing meat consumption across the globe is creating a positive outlook for the market. In line with this, the rising consumer awareness and inclination toward high-protein foods, such as chicken, pork, and eggs, in their daily diets are favoring the market growth. Additionally, the growing demand for trace organic minerals in animal feed due to the rising concerns about environmental pollution caused by the extensive use of chemicals in agriculture is favoring the market growth. Apart from this, the utilization of zinc and amino acids to strengthen eggshells in poultry and copper to improve the fertility of eggs is providing an impetus to the market growth. Furthermore, the implementation of various government initiatives, such as the ban on the use of synthetic and inorganic trace minerals containing heavy contaminants in feed products, is acting as another growth-inducing factor. Moreover, the growing demand for processed meat products, such as ready-made meals, due to their enhanced nutritional value, safety, and versatility, is positively influencing the market growth. Other factors, including the increasing efforts to produce healthy livestock, rising consumption of minerals for better metabolic processes, and significant growth in the animal feed industry, are supporting the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global animal feed organic trace minerals market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on trace element type and animal type.
Breakup by Trace Element Type:
Zinc
Iron
Copper
Manganese
Selenium
Others
Breakup by Animal Type:
Dairy Cattle
Beef
Poultry
Swine
Aquaculture
Pets
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alltech, Archer-Daniels-Midland Company, BASF SE, Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH, Cargill Incorporated, Kemin Industries Inc., Koninklijke DSM N.V, Novus International Inc. (Mitsui & Co. Ltd.), Nutreco N.V., Orffa Additives B.V., QualiTech and Zinpro Corporation.
Key Questions Answered in This Report:
How has the global animal feed organic trace minerals market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global animal feed organic trace minerals market?
What are the key regional markets?
What is the breakup of the market based on the trace element type?
What is the breakup of the market based on the animal type?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global animal feed organic trace minerals market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Animal Feed Organic Trace Minerals Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Trace Element Type
6.1Zinc
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Iron
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Copper
6.3.1 Market Trends
6.3.2 Market Forecast
6.4Manganese
6.4.1 Market Trends
6.4.2 Market Forecast
6.5Selenium
6.5.1 Market Trends
6.5.2 Market Forecast
6.6Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Animal Type
7.1Dairy Cattle
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Beef
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Poultry
7.3.1 Market Trends
7.3.2 Market Forecast
7.4Swine
7.4.1 Market Trends
7.4.2 Market Forecast
7.5Aquaculture
7.5.1 Market Trends
7.5.2 Market Forecast
7.6Pets
7.6.1 Market Trends
7.6.2 Market Forecast
7.7Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Region
8.1North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1Overview
9.2Strengths
9.3Weaknesses
9.4Opportunities
9.5Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1Overview
11.2Bargaining Power of Buyers
11.3Bargaining Power of Suppliers
11.4Degree of Competition
11.5Threat of New Entrants
11.6Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1Market Structure
13.2Key Players
13.3Profiles of Key Players
13.3.1Alltech
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2Archer-Daniels-Midland Company
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3BASF SE
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5Cargill Incorporated
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6Kemin Industries Inc.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7Koninklijke DSM N.V
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8Novus International Inc. (Mitsui & Co. Ltd.)
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9Nutreco N.V.
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10Orffa Additives B.V.
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.11QualiTech
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.12Zinpro Corporation
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
Figure 1: Global: Animal Feed Organic Trace Minerals Market: Major Drivers and Challenges
Figure 2: Global: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Animal Feed Organic Trace Minerals Market: Breakup by Trace Element Type (in %), 2022
Figure 5: Global: Animal Feed Organic Trace Minerals Market: Breakup by Animal Type (in %), 2022
Figure 6: Global: Animal Feed Organic Trace Minerals Market: Breakup by Region (in %), 2022
Figure 7: Global: Animal Feed Organic Trace Minerals (Zinc) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Animal Feed Organic Trace Minerals (Zinc) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Animal Feed Organic Trace Minerals (Iron) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Animal Feed Organic Trace Minerals (Iron) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Animal Feed Organic Trace Minerals (Copper) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Animal Feed Organic Trace Minerals (Copper) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Animal Feed Organic Trace Minerals (Manganese) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Animal Feed Organic Trace Minerals (Manganese) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Animal Feed Organic Trace Minerals (Selenium) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Animal Feed Organic Trace Minerals (Selenium) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Animal Feed Organic Trace Minerals (Other Trace Element Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Animal Feed Organic Trace Minerals (Other Trace Element Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Animal Feed Organic Trace Minerals (Dairy Cattle) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Animal Feed Organic Trace Minerals (Dairy Cattle) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Animal Feed Organic Trace Minerals (Beef) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Animal Feed Organic Trace Minerals (Beef) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Animal Feed Organic Trace Minerals (Poultry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Animal Feed Organic Trace Minerals (Poultry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Animal Feed Organic Trace Minerals (Swine) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Animal Feed Organic Trace Minerals (Swine) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Animal Feed Organic Trace Minerals (Aquaculture) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Animal Feed Organic Trace Minerals (Aquaculture) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Animal Feed Organic Trace Minerals (Pets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Animal Feed Organic Trace Minerals (Pets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Animal Feed Organic Trace Minerals (Other Animal Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Animal Feed Organic Trace Minerals (Other Animal Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: North America: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: North America: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: United States: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: United States: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Canada: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Canada: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Asia-Pacific: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Asia-Pacific: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: China: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: China: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Japan: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Japan: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: India: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: India: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: South Korea: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: South Korea: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Australia: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Australia: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Indonesia: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Indonesia: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Others: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Others: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Europe: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Europe: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Germany: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Germany: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: France: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: France: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: United Kingdom: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: United Kingdom: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Italy: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Italy: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Spain: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Spain: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Russia: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Russia: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Latin America: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Latin America: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Brazil: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Brazil: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Mexico: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Mexico: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Middle East and Africa: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Middle East and Africa: Animal Feed Organic Trace Minerals Market: Breakup by Country (in %), 2022
Figure 81: Middle East and Africa: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Global: Animal Feed Organic Trace Minerals Industry: SWOT Analysis
Figure 83: Global: Animal Feed Organic Trace Minerals Industry: Value Chain Analysis
Figure 84: Global: Animal Feed Organic Trace Minerals Industry: Porter's Five Forces Analysis
Table 1: Global: Animal Feed Organic Trace Minerals Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Animal Feed Organic Trace Minerals Market Forecast: Breakup by Trace Element Type (in Million US$), 2023-2028
Table 3: Global: Animal Feed Organic Trace Minerals Market Forecast: Breakup by Animal Type (in Million US$), 2023-2028
Table 4: Global: Animal Feed Organic Trace Minerals Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Animal Feed Organic Trace Minerals Market: Competitive Structure
Table 6: Global: Animal Feed Organic Trace Minerals Market: Key Players
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