A research study titled, “Animal Feed Organic Trace Minerals Market by
Product and Application - Global Industry Analysis and Forecast To 2025”
published by Crystal Market Research, states that the Animal Feed Organic Trace
Minerals Market is projected to be around $869.55 million by 2025.
The global
animal feed organic trace minerals market was worth USD 484.67 million in the year
2016 and is predicted to reach approximately USD 869.55
million by 2025, while registering itself at a compound annual growth rate
(CAGR) of 6.71% during the forecast period. Organic trace minerals also known
as Chelates
in animal feed are the organic form of trace minerals like zinc, copper, iron
and manganese. These organic trace minerals are absorbed and
digested by animals better in comparison to minerals that are inorganic. These
minerals are used in extremely low concentrations in animal’s feeds as some of
them can be harmful if utilized in access. The prime role of these minerals is
to avert a variety of diseases and deficiencies in animals. Trace minerals
provide benefits in metabolic processes and are vital for best of growth,
health and productivity. These minerals guarantee excellent growth, development
of bone, good quality of skin and hair in mammals and feathering in birds.
These minerals aid poor immune responses, poor appetite and growth and
reproductive failures.
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The global animal feed organic trace minerals Market has
reflected substantial growth and is expected to grow significantly due to a
variety of benefits. Additionally, a switch in the food pattern that involves
proteins from meat is said to boost the demand of organic trace minerals. The
consumption of zinc in animals is vital as it improves immunity and capacity of
reproduction. Increased utilization in animals such as horses, pigs, poultry
and dairy cattle is said to boost the growth of this market. Additionally, as
pork is a rich form of protein it is one of the most consumed meat which is
anticipated to influence the growth of the organic trace minerals market
significantly.
On the
grounds of product the global animal feed organic trace minerals market is
segmented into zinc, copper, iron and selenium. On the basis of application the
market is segmented into poultry, horses, pigs and dairy cattle. The leading
players in this market are Nutreco N.V. Expansions & investments, Royal
DSM NV, Archer Daniels Midland Co and Alltech. Geographically, this market is
segmented into North America, Asia Pacific, Europe and Rest of the World.
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Organic Trace Minerals Market Is Projected To Be Around $869.55 Million By
2025” at:
Competitive Insights
In the year 2015 Cargill Inc., had a turnover of
USD 120 billion. This made the company the largest player in the
market of organic trace minerals in the year 2016. With the aim of increasing
its share in the growing region of Asia Pacific, the company introduced an animal
nutrition manufacturing plant in Vietnam which was valued USD 8.5 million.
Other key players in the market are Royal DSM NV, Alltech, Inc., Nutreco N.V.
Expansions & investments and Archer Daniels Midland Co.
About Crystal Market Research
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decisions. It provides both syndicated as well as customized research studies
for its customers spread across the globe. The company offers market
intelligence reports across a broad range of industries including healthcare,
chemicals & materials, technology, automotive, and energy.
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