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Animal Feed Organic Trace Minerals Market share to witness sustainable gains from zinc segment 2019-2024

Author : Rahul Sankrityayan | Published Date : 2019-09-20 

Global Market Insights, Inc. provides a detailed overview of Animal Feed Organic Trace Minerals Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Zinc is a key mineral that contributes heavily toward the growth of global animal feed organic trace minerals industry. The mineral helps improve animal immunity and their DNA/RNA synthesis by increasing the cell proliferation and replication. In addition, it helps to improve the structural, catalytic, and regulatory functions of animals, thereby providing an impetus to animal feed organic trace minerals market from zinc. The segment exceeded USD 230 million in 2016 and is expected to grow at a remarkable pace ahead.

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The yesteryear acquisition of Micronutrients by Nutreco is a prime example of the massive growth in global Animal feed organic trace minerals market. Nutreco N.V., a renowned Netherlands-based company dealing in processed meat and animal nutrition, had acquired Micronutrients, a global leader dealing in hydroxy-based trace minerals. The talks of Nutreco acquiring Micronutrients had been in the talkfest since the beginning of December 2015, and the deal materialized in January 2016.

With this agreement, Nutreca stands at a stronger position to address the changing trends in animal feed organic trace minerals industry by delivering sustainable nutritional solutions equipped with advanced technical know-how, to its consumers. Simultaneously, Micronutrients, now a stronger player in animal feed organic trace minerals market, will have access to Nutreca’s strong R&D division, in addition to providing the latter unrestrained access to its numerous hydroxy trace mineral products to manufacture enhanced animals feed. Such acquisitions are commonplace in the competitive scenario of animal feed organic trace minerals market, which is slated to cross a valuation of USD 845 million, growing at a CAGR of 6.5% by 2024.

Speaking along similar lines, worldwide animal feed organic trace minerals industry encompasses a host of other companies excluding Nutreco and Micronutrients, such as Biochem, QualiTech Corp., Kemin Industries, Vamso Biotec, Tanke Biosciences Corp., Selko, Ridley, Royal DSM, ADM, Novus International, Zinpro Corp., and Pancosma. The business space seems to be pretty much competitive in nature and includes the participation of numerous domestic players as well, apart from major corporations. Prolonged efforts by these companies are likely to contribute toward the expansion of global animal feed organic trace minerals market.

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In recent years, global food animal production has expanded extensively, to fulfill the food requirements of the ever-growing population. Accordingly, the requirement of trace minerals incorporated in animal feed has also increased, leading to the growth of animal feed organic trace minerals industry across myriad geographies.

As per estimates from the Food & Agriculture Organization of the United States, global meat production stood at +300 million tons in 2015, and is anticipated to experience a growth of more than 1.5% over the coming years. The world population currently consumes around 75 pounds of meat per person, on an annual basis. The population in the developed nations consumes around 80 kg of meat per person, while people in the emerging nations consume around 32 kg of meat per person, annually. Subject to this fact, the massive proportion of meat production across the developing countries such as India, South Asia, Australia, and China, will certainly propel APAC animal feed organic trace minerals market to great heights.

Changing food preferences and healthcare dynamics have led to an increase in the consumption of protein-rich food. A subsequent rise in the consumption of livestock and the increasing awareness regarding the benefits of trace materials will lead APAC animal feed organic trace minerals industry to observe the highest gains of 7.5% over 2017-2024, having held more than 65% of the total revenue share in 2015. The region is one of the top consumers of meat – an average Chinese consumes around 60 kg of meat per year. The Chinese obtain 10% of their calorie intake from eggs and meat. Besides, the urbanization proportion in China will surpass 60% by 2024. Also, China animal feed organic trace minerals market will cross USD 60 million by 2024, driven by the rising consumption of meat and the rapid economic growth. All in all, with China, India, and Australia as the revenue contributors, APAC animal feed organic trace minerals industry will observe an increased demand over the coming years.

Another lucrative region contributing toward the overall growth of the animal feed organic trace minerals market is Europe. The region consumes pork, dairy products, and ruminant meat on a large scale. In fact, ruminants accounted for more than 35% of the overall Europe animal feed organic trace minerals industry in 2015, owing to the rising consumption of red meat and milk products subject to the massive benefits such as reproductive efficiency and enhanced milk quality. Pertaining to similar drivers, the overall animal feed organic trace minerals market from ruminants is slated to cross USD 300 million by 2024.

Iron is one such mineral that helps to enhance the digestion capabilities of ruminants subject to the fact that it is the vital oxygen carrier in the body. In addition, Europe is also renowned to consume iron-rich products, on account of which this mineral is in high demand in the region. Iron held more than 17% of the overall animal feed organic trace minerals industry share in 2016 and will continue to attain a major portion of the total revenue owing to its stimulating benefits.

A rapid upswing in worldwide dairy and meat production owing to their increased consumption will continue to remain one of principal factors driving animal feed organic trace minerals market size. Since trace minerals help to activate the vital hormones and enzymes that are essential for the smooth functioning of metabolic processes in livestock, animal feed organic trace minerals market is likely to continue depicting a positive growth graph, pertaining to the rising need for organic food consumption.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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