The global Animal Feed Micronutrients market size was valued at US$ 1191.2 million in 2023. With growing demand in downstream market, the Animal Feed Micronutrients is forecast to a readjusted size of US$ 1572.3 million by 2030 with a CAGR of 4.0% during review period.
The research report highlights the growth potential of the global Animal Feed Micronutrients market. Animal Feed Micronutrients are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Animal Feed Micronutrients. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Animal Feed Micronutrients market.
Animal feed micronutrients, as opposed to macronutrients, are the nutrients that are required by the body in trace amounts for optimum development of an organism.
According to Our PET Supplies Research Center, the global pet industry reached $ 261 billion in 2022, a year-on-year increase of 11.3%. The United States gains the highest pet penetration rate and becomes the largest pet market. According to the American Pet Products Association (APPA), 66% of American households keep pets, and the total industry sales was about US$136.8 billion, an increase of 10.8% over 2021. According to IVH, the German pet products industry association, the number of pets in Germany reached 33.4 million in 2022, with a total turnover of nearly €6.5 billion. The 2023 China Pet Industry Trend Insight White Paper released by JD shows that the market size of the four major pet physical commodities is increasing year by year: pet supplies account for 45%, pet staple food accounts for nearly 35%, pet snacks account for 12%, and pet medicine and health care account for 176%.
Key Features:
The report on Animal Feed Micronutrients market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Animal Feed Micronutrients market. It may include historical data, market segmentation by Type (e.g., Iron, Manganese), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Animal Feed Micronutrients market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Animal Feed Micronutrients market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Animal Feed Micronutrients industry. This include advancements in Animal Feed Micronutrients technology, Animal Feed Micronutrients new entrants, Animal Feed Micronutrients new investment, and other innovations that are shaping the future of Animal Feed Micronutrients.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Animal Feed Micronutrients market. It includes factors influencing customer ' purchasing decisions, preferences for Animal Feed Micronutrients product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Animal Feed Micronutrients market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Animal Feed Micronutrients market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Animal Feed Micronutrients market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Animal Feed Micronutrients industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Animal Feed Micronutrients market.
Market Segmentation:
Animal Feed Micronutrients market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Iron
Manganese
Zinc
Boron
Copper
Others
Segmentation by application
Ruminant
Poultry
Swine
Aqua
Equine
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Archer Daniels Midland Company
Nutreco NV
Aries Agro Limited
Kemin Industries, Inc.
Cargill Incorporated
Lallemand Inc.
Keshav Fertilizers
Novus International, Inc.
Alltech, Inc.
Balchem Inc.
QualiTech
Zinpro Corporation
Agrium Advanced Technologies
Gawrihar Bio-Chem Pvt. Ltd.
Animine
Key Questions Addressed in this Report
What is the 10-year outlook for the global Animal Feed Micronutrients market?
What factors are driving Animal Feed Micronutrients market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Animal Feed Micronutrients market opportunities vary by end market size?
How does Animal Feed Micronutrients break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Animal Feed Micronutrients Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Animal Feed Micronutrients by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Animal Feed Micronutrients by Country/Region, 2019, 2023 & 2030
2.2 Animal Feed Micronutrients Segment by Type
2.2.1 Iron
2.2.2 Manganese
2.2.3 Zinc
2.2.4 Boron
2.2.5 Copper
2.2.6 Others
2.3 Animal Feed Micronutrients Sales by Type
2.3.1 Global Animal Feed Micronutrients Sales Market Share by Type (2019-2024)
2.3.2 Global Animal Feed Micronutrients Revenue and Market Share by Type (2019-2024)
2.3.3 Global Animal Feed Micronutrients Sale Price by Type (2019-2024)
2.4 Animal Feed Micronutrients Segment by Application
2.4.1 Ruminant
2.4.2 Poultry
2.4.3 Swine
2.4.4 Aqua
2.4.5 Equine
2.4.6 Others
2.5 Animal Feed Micronutrients Sales by Application
2.5.1 Global Animal Feed Micronutrients Sale Market Share by Application (2019-2024)
2.5.2 Global Animal Feed Micronutrients Revenue and Market Share by Application (2019-2024)
2.5.3 Global Animal Feed Micronutrients Sale Price by Application (2019-2024)
3 Global Animal Feed Micronutrients by Company
3.1 Global Animal Feed Micronutrients Breakdown Data by Company
3.1.1 Global Animal Feed Micronutrients Annual Sales by Company (2019-2024)
3.1.2 Global Animal Feed Micronutrients Sales Market Share by Company (2019-2024)
3.2 Global Animal Feed Micronutrients Annual Revenue by Company (2019-2024)
3.2.1 Global Animal Feed Micronutrients Revenue by Company (2019-2024)
3.2.2 Global Animal Feed Micronutrients Revenue Market Share by Company (2019-2024)
3.3 Global Animal Feed Micronutrients Sale Price by Company
3.4 Key Manufacturers Animal Feed Micronutrients Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Animal Feed Micronutrients Product Location Distribution
3.4.2 Players Animal Feed Micronutrients Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Animal Feed Micronutrients by Geographic Region
4.1 World Historic Animal Feed Micronutrients Market Size by Geographic Region (2019-2024)
4.1.1 Global Animal Feed Micronutrients Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Animal Feed Micronutrients Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Animal Feed Micronutrients Market Size by Country/Region (2019-2024)
4.2.1 Global Animal Feed Micronutrients Annual Sales by Country/Region (2019-2024)
4.2.2 Global Animal Feed Micronutrients Annual Revenue by Country/Region (2019-2024)
4.3 Americas Animal Feed Micronutrients Sales Growth
4.4 APAC Animal Feed Micronutrients Sales Growth
4.5 Europe Animal Feed Micronutrients Sales Growth
4.6 Middle East & Africa Animal Feed Micronutrients Sales Growth
5 Americas
5.1 Americas Animal Feed Micronutrients Sales by Country
5.1.1 Americas Animal Feed Micronutrients Sales by Country (2019-2024)
5.1.2 Americas Animal Feed Micronutrients Revenue by Country (2019-2024)
5.2 Americas Animal Feed Micronutrients Sales by Type
5.3 Americas Animal Feed Micronutrients Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Animal Feed Micronutrients Sales by Region
6.1.1 APAC Animal Feed Micronutrients Sales by Region (2019-2024)
6.1.2 APAC Animal Feed Micronutrients Revenue by Region (2019-2024)
6.2 APAC Animal Feed Micronutrients Sales by Type
6.3 APAC Animal Feed Micronutrients Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Animal Feed Micronutrients by Country
7.1.1 Europe Animal Feed Micronutrients Sales by Country (2019-2024)
7.1.2 Europe Animal Feed Micronutrients Revenue by Country (2019-2024)
7.2 Europe Animal Feed Micronutrients Sales by Type
7.3 Europe Animal Feed Micronutrients Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Animal Feed Micronutrients by Country
8.1.1 Middle East & Africa Animal Feed Micronutrients Sales by Country (2019-2024)
8.1.2 Middle East & Africa Animal Feed Micronutrients Revenue by Country (2019-2024)
8.2 Middle East & Africa Animal Feed Micronutrients Sales by Type
8.3 Middle East & Africa Animal Feed Micronutrients Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Animal Feed Micronutrients
10.3 Manufacturing Process Analysis of Animal Feed Micronutrients
10.4 Industry Chain Structure of Animal Feed Micronutrients
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Animal Feed Micronutrients Distributors
11.3 Animal Feed Micronutrients Customer
12 World Forecast Review for Animal Feed Micronutrients by Geographic Region
12.1 Global Animal Feed Micronutrients Market Size Forecast by Region
12.1.1 Global Animal Feed Micronutrients Forecast by Region (2025-2030)
12.1.2 Global Animal Feed Micronutrients Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Animal Feed Micronutrients Forecast by Type
12.7 Global Animal Feed Micronutrients Forecast by Application
13 Key Players Analysis
13.1 Archer Daniels Midland Company
13.1.1 Archer Daniels Midland Company Company Information
13.1.2 Archer Daniels Midland Company Animal Feed Micronutrients Product Portfolios and Specifications
13.1.3 Archer Daniels Midland Company Animal Feed Micronutrients Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Archer Daniels Midland Company Main Business Overview
13.1.5 Archer Daniels Midland Company Latest Developments
13.2 Nutreco NV
13.2.1 Nutreco NV Company Information
13.2.2 Nutreco NV Animal Feed Micronutrients Product Portfolios and Specifications
13.2.3 Nutreco NV Animal Feed Micronutrients Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Nutreco NV Main Business Overview
13.2.5 Nutreco NV Latest Developments
13.3 Aries Agro Limited
13.3.1 Aries Agro Limited Company Information
13.3.2 Aries Agro Limited Animal Feed Micronutrients Product Portfolios and Specifications
13.3.3 Aries Agro Limited Animal Feed Micronutrients Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Aries Agro Limited Main Business Overview
13.3.5 Aries Agro Limited Latest Developments
13.4 Kemin Industries, Inc.
13.4.1 Kemin Industries, Inc. Company Information
13.4.2 Kemin Industries, Inc. Animal Feed Micronutrients Product Portfolios and Specifications
13.4.3 Kemin Industries, Inc. Animal Feed Micronutrients Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Kemin Industries, Inc. Main Business Overview
13.4.5 Kemin Industries, Inc. Latest Developments
13.5 Cargill Incorporated
13.5.1 Cargill Incorporated Company Information
13.5.2 Cargill Incorporated Animal Feed Micronutrients Product Portfolios and Specifications
13.5.3 Cargill Incorporated Animal Feed Micronutrients Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Cargill Incorporated Main Business Overview
13.5.5 Cargill Incorporated Latest Developments
13.6 Lallemand Inc.
13.6.1 Lallemand Inc. Company Information
13.6.2 Lallemand Inc. Animal Feed Micronutrients Product Portfolios and Specifications
13.6.3 Lallemand Inc. Animal Feed Micronutrients Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Lallemand Inc. Main Business Overview
13.6.5 Lallemand Inc. Latest Developments
13.7 Keshav Fertilizers
13.7.1 Keshav Fertilizers Company Information
13.7.2 Keshav Fertilizers Animal Feed Micronutrients Product Portfolios and Specifications
13.7.3 Keshav Fertilizers Animal Feed Micronutrients Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Keshav Fertilizers Main Business Overview
13.7.5 Keshav Fertilizers Latest Developments
13.8 Novus International, Inc.
13.8.1 Novus International, Inc. Company Information
13.8.2 Novus International, Inc. Animal Feed Micronutrients Product Portfolios and Specifications
13.8.3 Novus International, Inc. Animal Feed Micronutrients Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Novus International, Inc. Main Business Overview
13.8.5 Novus International, Inc. Latest Developments
13.9 Alltech, Inc.
13.9.1 Alltech, Inc. Company Information
13.9.2 Alltech, Inc. Animal Feed Micronutrients Product Portfolios and Specifications
13.9.3 Alltech, Inc. Animal Feed Micronutrients Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Alltech, Inc. Main Business Overview
13.9.5 Alltech, Inc. Latest Developments
13.10 Balchem Inc.
13.10.1 Balchem Inc. Company Information
13.10.2 Balchem Inc. Animal Feed Micronutrients Product Portfolios and Specifications
13.10.3 Balchem Inc. Animal Feed Micronutrients Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Balchem Inc. Main Business Overview
13.10.5 Balchem Inc. Latest Developments
13.11 QualiTech
13.11.1 QualiTech Company Information
13.11.2 QualiTech Animal Feed Micronutrients Product Portfolios and Specifications
13.11.3 QualiTech Animal Feed Micronutrients Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 QualiTech Main Business Overview
13.11.5 QualiTech Latest Developments
13.12 Zinpro Corporation
13.12.1 Zinpro Corporation Company Information
13.12.2 Zinpro Corporation Animal Feed Micronutrients Product Portfolios and Specifications
13.12.3 Zinpro Corporation Animal Feed Micronutrients Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 Zinpro Corporation Main Business Overview
13.12.5 Zinpro Corporation Latest Developments
13.13 Agrium Advanced Technologies
13.13.1 Agrium Advanced Technologies Company Information
13.13.2 Agrium Advanced Technologies Animal Feed Micronutrients Product Portfolios and Specifications
13.13.3 Agrium Advanced Technologies Animal Feed Micronutrients Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 Agrium Advanced Technologies Main Business Overview
13.13.5 Agrium Advanced Technologies Latest Developments
13.14 Gawrihar Bio-Chem Pvt. Ltd.
13.14.1 Gawrihar Bio-Chem Pvt. Ltd. Company Information
13.14.2 Gawrihar Bio-Chem Pvt. Ltd. Animal Feed Micronutrients Product Portfolios and Specifications
13.14.3 Gawrihar Bio-Chem Pvt. Ltd. Animal Feed Micronutrients Sales, Revenue, Price and Gross Margin (2019-2024)
13.14.4 Gawrihar Bio-Chem Pvt. Ltd. Main Business Overview
13.14.5 Gawrihar Bio-Chem Pvt. Ltd. Latest Developments
13.15 Animine
13.15.1 Animine Company Information
13.15.2 Animine Animal Feed Micronutrients Product Portfolios and Specifications
13.15.3 Animine Animal Feed Micronutrients Sales, Revenue, Price and Gross Margin (2019-2024)
13.15.4 Animine Main Business Overview
13.15.5 Animine Latest Developments
14 Research Findings and Conclusion
*If Applicable.