Animal Feed Organic Trace Minerals Market Demand and Forecast to 2032

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Animal Feed Organic Trace Minerals Market Size to
Cross 1.35Bn By 2032
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Overview of Animal Feed Organic Trace Minerals
Market

• Global Animal Feed Organic Trace Minerals Market
  is anticipated to expand robustly through 2032
  owing to the surging popularity of animal-sourced
  food products including dairy items, meat, as
  well as eggs.
• The rise of the animal feed industry continues to
  be boosted by the development of the livestock
  sector, especially the swine, poultry, and
  aquaculture. Also, the application of precision
  farming methods and the creation of novel feed
  ingredients and technology are assisting in the
  improvement of feed consumption and the reduction
  of feed costs, which is enabling consumers and
  farmers to access livestock feed more easily.
• Moreover, the leading companies in the industry
  are actively investing in RD initiatives to
  enhance product development. Additionally, the
  surging tech innovations in the manufacturing of
  animal feed products will boost market expansion.

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• Based on mineral, the manganese segment is slated
  to grow at more than 2.5 CAGR from 2023 to 2032.
  The demand for manganese in animal nutrition
  became apparent when breeding hens were lacking
  in manganese. It resulted in generating chick
  embryos with deformed skeletons and two chicken
  diseases, nutritional chondrodystrophy, and
  perosis. The diseases were prevented by
  administering manganese supplements, which in
  turn made manganese an important element while
  producing animal feed.
• With respect to livestock, the beef segment is
  poised to garner strong market expansion through
  the review years, attributed to the surging
  consumption of beef delicacies across the world.
  The upsurge in beef consumption is estimated to
  be driven by rising consumer affordability. As
  per statistics based on Trade Data Monitor, FAO,
  the bovine meat consumption in the world was
  speculated to record whopping 73.9 million tons
  in 2022, depicting a 1.4 rise from 2021. Also, a
  change in consumer preferences in favor of
  processed foods that are ready to eat will help
  foster segmental growth.

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• From the regional perspective, the Middle East
  Africa animal feed organic trace minerals market
  is projected to grow at more than 5 CAGR from
  2023 to 2032. The region boasts a strong demand
  for poultry meat owing to its growing population
  and the shortage of farmland. This will increase
  the need for organic trace minerals for animal
  feed in the MEA region.
• Notable participants in the Animal Feed Organic
  Trace Minerals market include Zinpro
  Corporation, Davidsons Animal Feeds, Mercer
  Milling Company, Inc., Royal DSM NV, Archer
  Daniels Midland Company, Alltech, Inc, Pancosma
  SA., U.S. Rare Earth Minerals, Inc., Cargill and
  Kemin Industries Inc

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