Animal Feed Micronutrients Market

Animal Feed Micronutrients Market Size, Share, Growth Analysis, By Product(Iron, Manganese, Zinc, Boron), By Application(Ruminant, Poultry, Swine, Aqua), By Regional(North America, Europe, Asia Pacific, Central & South America) - Industry Forecast 2024-2031


Report ID: UCMIG30I2150 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Animal Feed Micronutrients Market Insights

Market Overview:

Global animal feed micronutrients market size was USD 1.23 billion in 2016. The market is expected to grow due to the rising global consumption of dairy products such as cheese, milk, and yogurt. Additionally, the increasing preference for meat over vegetarian food is anticipated to drive further growth. The industry is expected to develop positively due to the ability of animal feed micronutrients to increase animal weight, particularly in swine. The product also leads to the production of high-quality meat, which is expected to drive demand during the forecast period.

Animal Feed Micronutrients Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Packaged Foods & Meats by segment aggregation, the contribution of the Packaged Foods & Meats in Food, Beverage & Tobacco and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Animal Feed Micronutrients was estimated to be valued at US$ XX Mn in 2021.

The Animal Feed Micronutrients Market is estimated to grow at a CAGR of XX% by 2028.

The Animal Feed Micronutrients Market is segmented on the basis of Product, Application, Regional.

Based on region, the Animal Feed Micronutrients Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Animal Feed Micronutrients Market are in the industry are focused on expansions in attempt to strengthen their position across various regions. The companies such as Archer Daniels Midland Company, Nutreco NV signed agreements with universities and invested heavily in research & development. New products are continuously being launched to meet changing consumer trends and industry standards., The companies are involved in expanding sales and increasing manufacturing capacity to grab a higher market share in the industry. In 2016, Cargill invested approximately USD 33 million to open new plants in Asia Pacific and Europe regions. The Asia Pacific region is expected to provide new opportunities for market players to expand their footprint due to increasing meat consumption., KEY MARKET SEGMENTS, By Product , Iron, Manganese, Zinc, Boron, Copper, Others, By Application , Ruminant, Poultry, Swine, Aqua, Equine, Others, By Regional , North America, Europe, Asia Pacific, Central & South America, Middle East & Africa, KEY PLAYERS, Cargill, Archer Daniels Midland Company, Nutreco N.V., Alltech Inc., Kemin Industries Inc., Royal DSM N.V., Balchem Corporation, Zinpro Corporation, Novus International Inc., Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH, BASF SE, Phibro Animal Health Corporation, Tanke Biosciences Corporation, Lallemand Inc., InVivo NSA.

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Animal Feed Micronutrients Market

Report ID: UCMIG30I2150

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