Global Trace Minerals in Feed Market Size, Trends & Analysis - Forecasts to 2026 By Type (Zinc, Copper, Cobalt, Manganese, Iron, Chromium and Other Types [iodine and selenium]); By Livestock (Poultry, Ruminant, Swine, Aquaculture, and Other Livestock [Equine and Pets]; By Chelate Type (Amino Acids, Proteinates, Polysaccharides, Other Chelate Types [Propionates and Peptides]); By Form (Dry, Liquid); By Region (North America, Europe, Asia Pacific, MEA, CSA); End-User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis
Trace Minerals in Feed Market Insights
As per the latest research conducted by Global Market Estimates, the trace minerals in the feed market is favored to recognize a significant upward projection at a CAGR of 5.3% throughout the timeline from 2020-2026. The trace minerals will improve the quality of food/feed when added to optimal concentration. Trace minerals can be used as a part of a well-balanced cattle nutrition program, which can improve animal performance and hand over a strong return on the expenditure. The minerals offer vitals benefits such as immunity, reproduction, feed conversion, muscle development, milk production, and other benefits. The rate of feed absorption is controlled by the percentage of trace mineral present in the feed. Organic trace minerals gain more popularity owing to a good impact on the food taste and health benefits in comparison with inorganic minerals.
The growing demand for meat and its products and the importance of protein rich-diet is uplifts the demand for animal feed in regions such as Asia-pacific, North America, and Europe. Moreover, rising utilization of water-soluble natural feed added substance, improved consumption of meat, and increasing developing industries related to animal feed is maintaining the overall market growth momentum of the product. Stringent government regulations by FDA and REACH towards the production of unsafe fodder and high consumption of inorganic products will create rooms full of opportunities for the expansion of trace mineral business in the mentioned period.
However, COVID-19 leads to the sudden shutdown of many factories, results to affect the storage of feed mainly meat and livestock products. Besides, spreading rumors among consumers regarding the consumption of poultry products may lead to the transmission of coronavirus. This has not only reduced the demand for animal feed currently but also expected to hamper the business in the coming years.
Trace Minerals in Feed Market: By Type
Based on the type of trace minerals in the feed market can be reviewed as zinc, copper, cobalt, manganese, iron, chromium, and among other types which include iodine and selenium. Among all the mentioned segments iron is the largest shareholder of the trace mineral market as the livestock market is more prone to get affected by iron deficiency. Iron plays a critical role in tissue metabolism and deficiency of iron leads to anemia, diarrhea, stunt growth in livestock. High acceptance of iron as a trace mineral by many regulatory bodies is estimated to show a significant market at a higher rate than present in the conjecture period.
Trace Minerals in Feed Market: By livestock
The livestock market of a trace element can be studied as poultry, ruminant, swine, aquaculture, and among other livestock which includes equine and pets. The poultry segment showed the highest global consumption peak of the trace mineral market in the year 2019 and is expected to follow the same trend in the coming years. The increased consumption of animal protein in the regular diet is the prime factor regulating the growth of the market. Advancement in technology and better animal vaccination is also adding values to overall productivity growth.
Trace Minerals in Feed Market: By Chelate Type
Amino acids, proteinates, polysaccharides, and among others such as propionates and peptides are the types of chelates of trace minerals in the feed market. Amino acids accounted to dominate the trace mineral market as they can get easily absorbed in the animal body. The reason behind the absorption is due to the attachment of amino acid and mineral molecules that creates a more stable structure and help minerals to survive at extremely low pH of the stomach. Also, protection from bacteria and powerless enzymatic degradation made it an ideal chelator. Suppression of antagonistic action between metal ions and inhibition of vitamin breakdown in the feed are some other benefits that make its easy absorption in the body for normal functioning of protein synthesis.
Trace Minerals in Feed Market: By Form
Dry, and Liquid are the two forms of trace minerals in the feed market and the dry segment owns the largest market share of the year 2019. The products in dry forms are more hygienic to supply the ingredients and the feeding system becomes easy to manage as compared to liquid form. Moreover, long shelf life, cost-effectiveness, and easy fixing with the feed products are some additive benefits of dry form over liquid form. Also in the body, the dry feed gets to absorb more efficiently if supplied than used as a supplement.
Trace Minerals in Feed Market: By Region
Asia- Pacific holds a greater grip in the trace mineral market than other regions and is expected to proliferate as the largest region in the coming years. Raising demand for poultry meats and its byproducts by economically stable countries such as India, China, Japan and another part of the Asian-pacific region is the sole reason for the market of the product. The improved diet and increasing awareness about the role of essential nutrients in the regular diet have increased the protein-rich meat demand in the last few years. Improved lifestyles and prevention to avoid expensive healthcare costs among consumers are creating lucrative opportunities for dietary supplements. Thus, helping to uplift the trace minerals in the feed market in the Asia-pacific region.
Trace Minerals in Feed Market Share and Competitor Analysis
The key players operating in the market include Cargill, Incorporated, Archer-Daniels-Midland Company (ADM), BASF SE, Bluestar Adisseo Co., Ltd, Koninklijke DSM N.V., Alltech, Zinpro, Orffa, Novus International, Kemin Industries, Inc., Lallemand, Inc., Virbac, Global Animal Nutrition, Dr. Paul Lohmann Gmbh & Co. KGAA, Biochem Zusatzstoffe, Veterinary Professional Services Ltd., and Chemlock Nutrition Corporation among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In July 2020, Archer-Daniels-Midland Company (ADM) launched NutirPass L, it is an encapsulated supplement that is stable in the rumen and intestinally available to the cow. The supplement supplies a consistent and stable lysine for lactating cows and growing cattle.
In March 2020, Alltech announced its collaboration with aquafeed nutrition company Corey Nutrition. This acquisition is aimed to provide innovative feed solutions with greater productivity and efficiency to the aquaculture market in the North America region.
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The Global Trace Minerals in Feed Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Trace Minerals in Feed Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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