Animal Feed Organic Trace Minerals Market trends research and projections for 2017-2024 - PowerPoint PPT Presentation

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Animal Feed Organic Trace Minerals Market trends research and projections for 2017-2024

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Animal Feed Organic Trace Minerals Market size was over USD 490 million in 2016 and will witness CAGR over 6.5% from 2017 to 2024. Get more details @ – PowerPoint PPT presentation

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Title: Animal Feed Organic Trace Minerals Market trends research and projections for 2017-2024


1
Animal Feed Organic Trace Minerals Market worth
845mn by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Animal Feed Organic Trace
Minerals Market
  • Ruminants will witness growth over 6.5 up to
    2024. Rising demand for milk and its byproducts
    accompanied by increased red meat consumption
    will propel the product demand. Russia animal
    feed organic trace minerals market from poultry
    is expected to grow over 8.5 up to 2024.
  • Poultry is estimated to observe CAGR over 7 up
    to 2024. High chicken consumption globally along
    with increasing poultry farming are the major
    factors driving the product development. The
    global poultry production is expected to surpass
    131 million tons up to 2024.
  • U.S. animal feed organic trace minerals market
    from iron was valued over USD 25 million in 2016.
    Strict environmental regulations coupled with
    rising awareness regarding health and nutritional
    food habits will stimulate regional demand.

3
Continued...
  • China animal feed organic trace minerals market
    is expected to generate over USD 60 million by
    2024. Rapid economic growth, increased
    consumption of meat as source of protein has
    encouraged the product demand.
  • Europe will witness over 6.5 CAGR up to 2024.
    Large presence of pork processing facilities
    particularly in France and Germany will stimulate
    industry growth. Germany animal feed organic
    trace minerals from manganese will surpass USD
    8.5 million by 2024. Enhanced enzymes to improve
    bone structure and metabolism will remain
    supporting factors of the product development.
  • Royal DSM, ADM, Tanke Biosciences, Biochem,
    Pancosma, Zinpro, Novus International, Kemin
    Industries, Selko, Ridley, Nutreco NV and Vamso
    Biotec are the major manufacturers of animal feed
    organic trace minerals market. Presence of
    numerous regional and local producers makes the
    industry highly competitive in nature. Mergers,
    supply agreements and product portfolio expansion
    are among key strategies.

4
Europe Animal Feed Organic Trace Minerals Market
Size, By Mineral, (Mn), 2016 2024

5

Browse Full Market Research Report On Animal
Feed Organic Trace Minerals Market _at_
https//goo.gl/JX7EM4 Request for a Sample of
this Research Report _at_ https//www.gminsights.com/
request-sample/detail/1402
6
360 Analysis
  • Application Trends
  • Increasing awareness pertaining to ruminant
    health coupled with rising side effects of
    chemically processed products will propel the
    industry growth. Rising health concerns due to
    deficiency of vital ingredients in the forage has
    led to a surge in demand for animal feed organic
    trace minerals market. Bovine spongiform
    encephalopathy, chronic disease, and microbial
    contamination are the major diseases found due to
    nutritional deficiency.
  • Regional Trends
  • Europe will dominate the market and is
    anticipated to value over USD 280 million in
    2024. Europe meat production is expected to
    increase over forecast time frame. Increasing
    consumption of forage additives including
    carotenoids, vitamins and enzymes are anticipated
    to create attractive opportunities for animal
    feed organic trace minerals market.
  • Competitive Market Share
  • Global animal feed organic trace minerals market
    is highly competitive in nature owing to the
    presence of numerous regional and local
    manufacturers. Industry participants include
    Royal DSM, Zinpro Corp, ADM, Biochem, Tanke
    Biosciences Corp. Other key players are Kemin
    Industries Limited., Selko, Novus International
    Pancosma, QualiTech Corp, Vamso Biotec, Ridley
    and Nutreco NV. Joint ventures and acquisitions
    are the key strategies adopted by companies.


7
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