This market research report by Technavio segments the global organic trace minerals for the animal feed market by metal type (zinc, manganese, iron, copper, and others), by livestock (poultry, ruminant, swine, and others), by chelate type (amino acids and others including polysaccharides and proteinates), and by geography (Europe, Americas, APAC, and ROW). Leading vendors are Alltech, Balchem, Kemin, Novus, Pancosma, Tanke, and Zinpro.
Technavio’s market research analysts estimate the global organic trace minerals for the animal feed market to grow at a CAGR of around 7% between 2015 and 2019. High bioavailability of organic trace minerals in animals is driving this market’s growth. Europe is the highest revenue-generating region in the global market, covering around 36% of the total market share. High market dominance of this region can be attributed to the augmented demand for cattle feed during the forecast period.
The new market research report from Technavio provides a breakdown and analysis of the organic trace minerals for animal feed segments by technology.
“Intake of organic trace minerals such as zinc, iron, copper, cobalt aids in achieving livestock’s performance and genetic potential. These minerals help in the appropriate functioning of enzymes, hormones, and cells. They have a higher bioavailability compared to inorganic trace mineral, and do not interact with antagonists and vitamins. Now-a-days, farmers are increasingly introducing organic minerals into poultry diets. These minerals are helpful for skin and bone, providing essential nutrients for the immune and metabolic functions, and enhance egg production,” says Sriram Moha, Lead Analyst, Chemicals & Materials, Technavio Research.
The ruminants sector is the largest and the fastest-growing segment in this market. This segment singlehandedly is expected to occupy nearly 50% of the total market share by 2019. Demand for animal feed in animal husbandry is increasing due to augment in meat consumption in countries like US, Brazil, and China.
Global organic trace minerals for animal feed market by livestock
Source: Technavio Research
The leading vendors in the global organic trace minerals for the animal feed market are Alltech, Balchem, Kemin, Novus, Pancosma, Tanke, and Zinpro. These players have vast geographical presence, with production facilities spread across the globe. This market is highly competitive and fragmented due to the presence of multiple large and small vendors. Factors like intense competition and declining profit margins pose significant challenges to the vendors.
A more detailed analysis is available in the Technavio report, Global Organic Trace Minerals for the Animal Feed Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
- Global Organic Trace Minerals for Animal Feed Market 2014-2018
- Global Trace Minerals for Animal Feed Market 2015-2019