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Feed Micronutrients Market analysis research and trends report for 2017-2024

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Feed Micronutrients Market size was valued over USD 1.2 billion in 2016 and is set to exceed 2 billion tons by 2024. Get more details @ – PowerPoint PPT presentation

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Title: Feed Micronutrients Market analysis research and trends report for 2017-2024


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Feed Micronutrients Market to cross 2bn by 2024
Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Feed Micronutrients Market
  • Poultry was worth over USD 540 million in 2016.
    Increasing demand for processed food coupled with
    egg consumption will propel the industry growth.
  • Ruminants will generate over USD 500 million in
    revenue by 2024. Rising milk consumption globally
    will facilitate industry growth. For instance,
    annual milk consumption in developing countries
    was around 55 kg per capita in 2016 and expected
    to reach 66 kg by 2030.
  • North America feed micronutrients market was
    valued over USD 365 million in 2016. Rising
    demand for nutrient rich meat to ensure healthy
    diet are the key factors positively influencing
    the product demand. Strong outlook for vitamins,
    ferments and emulsifiers in this region due to
    presence of livestock breeding centers will
    support the business growth.

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Continued...
  • Asia Pacific, led by China feed micronutrients
    demand was over 80 kilotons in 2016. Increasing
    health awareness along with rising consumption of
    milk, curd, cheese yogurt are the key factors
    driving growth.
  • Europe market will value over USD 585 million by
    2024. Favorable government regulations pertaining
    to bio products will drive the product demand.
    Fodder industry expansion along with growth in
    livestock farming breeding activities is
    expected to stimulate 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)

5

Browse Full Market Research Report On Feed
Micronutrients Market _at_ https//goo.gl/QYCfiU Req
uest for a Sample of this Research Report
_at_ https//www.gminsights.com/request-sample/detail
/1921
6
360 Analysis
  • Application Trends
  • Increasing awareness among consumers pertaining
    to side effects from chemically processed foods
    will support the demand. Adverse effects of
    fodder on animals health due to lack of certain
    vital nutrients, makes the product a crucial
    supplement in livestocks everyday meal. Rising
    demand for nutrient rich meat dairy products
    for providing healthy diet to consumers is
    further fueling industry growth.
  • Regional Trends
  • APAC, led by India and China feed micronutrient
    market was at over 83 kilotons in 2016. Surge in
    demand for nutritious food particularly in
    geriatric population for increasing life
    expectancy level will benefit product demand.
    Rising meat consumption particularly in India,
    China and rest of the world, favorable
    socio-economic factors are the factors positively
    influencing the industry demand. As per recent
    statistics, an average Japanese person consumes
    around 50 kg of meat every year.
  • Competitive Market Share
  • Companies are adopting strategies including,
    collaboration, partnership and new product launch
    for providing an opportunity to increase product
    penetration. Expansion of supply chain network
    across North America and APAC to increase
    geographical presence will influence industry
    share.


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