Feed Micronutrients Market to surpass $ 2 Bn by 2024

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Feed Micronutrients Market to witness growth of
2 Bn By 2024 Global Market Insights Inc.
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Key Insights from Feed Micronutrients Market

• Feed Micronutrients Market size is estimated to
  exceed USD 2 billion by 2024.
• Shifting preference towards high quality meat and
  dairy products will drive the feed micronutrients
  market growth. Weight gain, enhancing food
  absorption along with improving overall animal
  health are among key factors fueling product
  demand.
• Changing consumer diet towards more nutritious
  food will drive meat demand hence completely
  impacting feed micronutrients market. Increasing
  spending on animal health maintenance owing to
  rising disease outbreak among livestock has
  positively influenced product demand.
• Zinc will generate over USD 350 million in
  revenue by 2024. Improving immunity, stabilizing
  membranes, enhancing antioxidant enzyme and
  maintaining lymphocyte replication are the key
  properties driving the product demand.Lower level
  of awareness in the emerging economies of Asia
  Pacific, Middle East Africa, and Latin America
  may be a key hindrance for the soluble fibers
  market development. 

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Continued...

• Supportive government compliances on bio-based
  products will drive the industry growth. High RD
  investment and product development by key
  manufacturers will enhance product penetration.
• Poultry was worth over USD 540 million in 2016.
  Increasing demand for processed food coupled with
  egg consumption will propel the industry growth.
• Global feed micronutrients market share is
  moderately fragmented due to presence of
  multinational as well as domestic manufacturers.
  Cargill, Aries Agro, Nutreco N.V., ADM, Agrium
  Advanced Technologies, Balchem Corp., Qualitech,
  Alltech, Kemin, Lallemand, Gawrihar Bio-Chem,
  Novus International and Zinpro Corporation are
  among the key industry players.

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U.S. Feed Micronutrients Market Size, By Product,
2016 2024 (USD Million)

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