London, 04 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the global trace minerals for animal feed market 2015-2019, which is expected to grow at a CAGR of 5.88% during the forecast period of 2014-2019.
This market is predominantly driven by the need for animal nutrition, enhancing performance, reducing risk of diseases, and maintaining high productivity. Also, the demand for trace minerals is driven by the need for improved performance and health of the livestock.
“Worldwide, consumers are becoming increasingly aware of the health issues related to the intake of meat, thereby increasing the demand for organic meats,” says Faisal Ghaus, Vice President of Technavio.
“The availability of better products in the market is driving the demand for organic meat, thus increasing the demand for forage feed composed of essential nutrients providing maximum benefit.
Key Market Drivers
- Increase in Use of Trace Minerals to Maintain Livestock Health
- High Bioavailability of Organic Trace Minerals
- Rise in Global Meat Production and Consumption
Key Market Trends
- Demand for Organic Meat
- Increasing Usage in Poultry Layer Diets
- Increase in Use of Water-soluble Organic Feed Additives
Key Market Vendors
- Alltech Inc.
- Balchem Corp.
- Biochem Lohne Germany
- Kemin Industries Inc.
- Novus International Inc.
- Nutreco NV
- Pancosma SA
- Tanke Biosciences Corp.
- Zinpro Corp
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
