Animal Feed Organic Trace Minerals Market: Global Industry Analysis and Opportunity Assessment 2018-2024 GMI Estimate

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Global Animal Feed Organic Trace Minerals Market
size to exceed 750 mn by 2024
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Key Insights from Animal Feed Organic Trace
Minerals Market

• Growing of dairy and meat products demand to
  suffice the dietary needs of the increasing
  population will propel the animal feed organic
  trace minerals market from 2018 to 2024. As of
  2017, global meat production was over 260 million
  tons, with considerable consumption share
  centered in South and eastern part of the Asia
  Pacific. Requirement to provide livestock with
  healthy diet and improve the quality of the
  produce is expected to remain the chief factor
  fueling the industry growth.
• Enhanced bioavailability along with improved gut
  absorption are among the key factors fueling the
  animal feed organic trace minerals business
  growth. As per analysis, organic trace minerals
  are almost twice bioavailable than inorganic
  variant. The other key benefits of organic trace
  minerals include disease prevention, improved
  food absorption rate, weight gain, and reduced
  fatigue. Lack of essential nutrients in processed
  fodders coupled with increasing incidence of side
  effects to cattle caused by meat consumption of
  toxic chemicals is impacting the consumer
  preferences.
• Growing animal feed industry along with
  increasing efforts to produce healthy livestock
  is propelling the market growth. Europe and Asia
  pacific are among the fastest growing animal feed
  markets.

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Continued...

• Europe accounted for more than 25 of the overall
  animal feed organic trace demand in 2017.
  Increasing forage additive consumption, such as
  vitamins, enzymes, minerals, and carotenoids
  owing to the rising deficiency among the
  livestock will proliferate the regional industry
  growth. Significant expansion in the presence of
  manufacturing facilities for meat and pork
  products, particularly in France and UK will
  provide positive scope for the animal feed
  organic trace mineral market expansion across the
  region.
• Asia Pacific is anticipated to surpass 100
  kilotons demand by 2024. The region is among the
  largest meat producer, accounting for more than
  40 of the meat production. China is estimated
  to be the largest producer and consumer of pork,
  holding 49 of the global pork production in
  2016. As per OECD global meat consumption
  trends, China registered for over 30 kilograms
  per capita meat usage in 2017. Japan is witnessed
  to be the largest importing country for pork
  meat, followed by China, Mexico, South Korea, and
  the U.S.
• Global animal feed organic trace minerals market
  share is highly consolidated owing to the
  presence of few dominating companies including
  Phibro Animal Health Corp, Novus International,
  and Alltech Inc. The other key industry
  participants include Zinpro, Royal DSM, Cargill,
  Archer Daniels Midland, Pancosma, Ridley, Kemin
  Industries, QualiTech, Tanke Biosciences, Mercer
  Milling, U.S. Rare Earth Minerals, Vamso Biotec,
  Biochem Lohne Germany and Nutreco.

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North America Animal Feed Organic Trace Minerals
Market, By Mineral, 2017 2024, (Kilo Tons)

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