The global Trace Minerals for Animal Feed market size was valued at US$ million in 2023. With growing demand in downstream market, the Trace Minerals for Animal Feed is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during review period.
The research report highlights the growth potential of the global Trace Minerals for Animal Feed market. Trace Minerals for Animal Feed 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 Trace Minerals for Animal Feed. 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 Trace Minerals for Animal Feed market.
Organic trace minerals are minerals used in small quantities, which are formed by attaching inorganic trace minerals to organic molecules such as amino acids or polysaccharides. The organic molecules used in the formation of organic trace minerals are called chelates. Though only small quantities of organic trace minerals are added to animal feed, they play an important role in maintaining the animal's health. The chelates in these minerals prevent the trace minerals from interacting with other minerals and feed components in the animals' bodies, thereby enhancing the absorption of the trace minerals. The bioavailability of organic trace minerals is higher than that of inorganic trace minerals. As a result, organic trace minerals are increasingly preferred over inorganic trace minerals in the animal feed segment.
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 216%.
Key Features:
The report on Trace Minerals for Animal Feed 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 Trace Minerals for Animal Feed market. It may include historical data, market segmentation by Type (e.g., Iron, Zinc), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Trace Minerals for Animal Feed 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 Trace Minerals for Animal Feed 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 Trace Minerals for Animal Feed industry. This include advancements in Trace Minerals for Animal Feed technology, Trace Minerals for Animal Feed new entrants, Trace Minerals for Animal Feed new investment, and other innovations that are shaping the future of Trace Minerals for Animal Feed.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Trace Minerals for Animal Feed market. It includes factors influencing customer ' purchasing decisions, preferences for Trace Minerals for Animal Feed product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Trace Minerals for Animal Feed market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Trace Minerals for Animal Feed 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 Trace Minerals for Animal Feed market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Trace Minerals for Animal Feed 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 Trace Minerals for Animal Feed market.
Market Segmentation:
Trace Minerals for Animal Feed 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
Zinc
Copper
Others
Segmentation by application
Ruminant
Poultry
Aquatic Animals
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.
Kemin
Novus
Pancosma
Zinpro
Cargill
Archer Daniels Midland
Key Questions Addressed in this Report
What is the 10-year outlook for the global Trace Minerals for Animal Feed market?
What factors are driving Trace Minerals for Animal Feed market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Trace Minerals for Animal Feed market opportunities vary by end market size?
How does Trace Minerals for Animal Feed 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 Trace Minerals for Animal Feed Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Trace Minerals for Animal Feed by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Trace Minerals for Animal Feed by Country/Region, 2019, 2023 & 2030
2.2 Trace Minerals for Animal Feed Segment by Type
2.2.1 Iron
2.2.2 Zinc
2.2.3 Copper
2.2.4 Others
2.3 Trace Minerals for Animal Feed Sales by Type
2.3.1 Global Trace Minerals for Animal Feed Sales Market Share by Type (2019-2024)
2.3.2 Global Trace Minerals for Animal Feed Revenue and Market Share by Type (2019-2024)
2.3.3 Global Trace Minerals for Animal Feed Sale Price by Type (2019-2024)
2.4 Trace Minerals for Animal Feed Segment by Application
2.4.1 Ruminant
2.4.2 Poultry
2.4.3 Aquatic Animals
2.4.4 Others
2.5 Trace Minerals for Animal Feed Sales by Application
2.5.1 Global Trace Minerals for Animal Feed Sale Market Share by Application (2019-2024)
2.5.2 Global Trace Minerals for Animal Feed Revenue and Market Share by Application (2019-2024)
2.5.3 Global Trace Minerals for Animal Feed Sale Price by Application (2019-2024)
3 Global Trace Minerals for Animal Feed by Company
3.1 Global Trace Minerals for Animal Feed Breakdown Data by Company
3.1.1 Global Trace Minerals for Animal Feed Annual Sales by Company (2019-2024)
3.1.2 Global Trace Minerals for Animal Feed Sales Market Share by Company (2019-2024)
3.2 Global Trace Minerals for Animal Feed Annual Revenue by Company (2019-2024)
3.2.1 Global Trace Minerals for Animal Feed Revenue by Company (2019-2024)
3.2.2 Global Trace Minerals for Animal Feed Revenue Market Share by Company (2019-2024)
3.3 Global Trace Minerals for Animal Feed Sale Price by Company
3.4 Key Manufacturers Trace Minerals for Animal Feed Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Trace Minerals for Animal Feed Product Location Distribution
3.4.2 Players Trace Minerals for Animal Feed 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 Trace Minerals for Animal Feed by Geographic Region
4.1 World Historic Trace Minerals for Animal Feed Market Size by Geographic Region (2019-2024)
4.1.1 Global Trace Minerals for Animal Feed Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Trace Minerals for Animal Feed Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Trace Minerals for Animal Feed Market Size by Country/Region (2019-2024)
4.2.1 Global Trace Minerals for Animal Feed Annual Sales by Country/Region (2019-2024)
4.2.2 Global Trace Minerals for Animal Feed Annual Revenue by Country/Region (2019-2024)
4.3 Americas Trace Minerals for Animal Feed Sales Growth
4.4 APAC Trace Minerals for Animal Feed Sales Growth
4.5 Europe Trace Minerals for Animal Feed Sales Growth
4.6 Middle East & Africa Trace Minerals for Animal Feed Sales Growth
5 Americas
5.1 Americas Trace Minerals for Animal Feed Sales by Country
5.1.1 Americas Trace Minerals for Animal Feed Sales by Country (2019-2024)
5.1.2 Americas Trace Minerals for Animal Feed Revenue by Country (2019-2024)
5.2 Americas Trace Minerals for Animal Feed Sales by Type
5.3 Americas Trace Minerals for Animal Feed Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Trace Minerals for Animal Feed Sales by Region
6.1.1 APAC Trace Minerals for Animal Feed Sales by Region (2019-2024)
6.1.2 APAC Trace Minerals for Animal Feed Revenue by Region (2019-2024)
6.2 APAC Trace Minerals for Animal Feed Sales by Type
6.3 APAC Trace Minerals for Animal Feed 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 Trace Minerals for Animal Feed by Country
7.1.1 Europe Trace Minerals for Animal Feed Sales by Country (2019-2024)
7.1.2 Europe Trace Minerals for Animal Feed Revenue by Country (2019-2024)
7.2 Europe Trace Minerals for Animal Feed Sales by Type
7.3 Europe Trace Minerals for Animal Feed 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 Trace Minerals for Animal Feed by Country
8.1.1 Middle East & Africa Trace Minerals for Animal Feed Sales by Country (2019-2024)
8.1.2 Middle East & Africa Trace Minerals for Animal Feed Revenue by Country (2019-2024)
8.2 Middle East & Africa Trace Minerals for Animal Feed Sales by Type
8.3 Middle East & Africa Trace Minerals for Animal Feed 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 Trace Minerals for Animal Feed
10.3 Manufacturing Process Analysis of Trace Minerals for Animal Feed
10.4 Industry Chain Structure of Trace Minerals for Animal Feed
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Trace Minerals for Animal Feed Distributors
11.3 Trace Minerals for Animal Feed Customer
12 World Forecast Review for Trace Minerals for Animal Feed by Geographic Region
12.1 Global Trace Minerals for Animal Feed Market Size Forecast by Region
12.1.1 Global Trace Minerals for Animal Feed Forecast by Region (2025-2030)
12.1.2 Global Trace Minerals for Animal Feed 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 Trace Minerals for Animal Feed Forecast by Type
12.7 Global Trace Minerals for Animal Feed Forecast by Application
13 Key Players Analysis
13.1 Kemin
13.1.1 Kemin Company Information
13.1.2 Kemin Trace Minerals for Animal Feed Product Portfolios and Specifications
13.1.3 Kemin Trace Minerals for Animal Feed Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Kemin Main Business Overview
13.1.5 Kemin Latest Developments
13.2 Novus
13.2.1 Novus Company Information
13.2.2 Novus Trace Minerals for Animal Feed Product Portfolios and Specifications
13.2.3 Novus Trace Minerals for Animal Feed Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Novus Main Business Overview
13.2.5 Novus Latest Developments
13.3 Pancosma
13.3.1 Pancosma Company Information
13.3.2 Pancosma Trace Minerals for Animal Feed Product Portfolios and Specifications
13.3.3 Pancosma Trace Minerals for Animal Feed Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Pancosma Main Business Overview
13.3.5 Pancosma Latest Developments
13.4 Zinpro
13.4.1 Zinpro Company Information
13.4.2 Zinpro Trace Minerals for Animal Feed Product Portfolios and Specifications
13.4.3 Zinpro Trace Minerals for Animal Feed Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Zinpro Main Business Overview
13.4.5 Zinpro Latest Developments
13.5 Cargill
13.5.1 Cargill Company Information
13.5.2 Cargill Trace Minerals for Animal Feed Product Portfolios and Specifications
13.5.3 Cargill Trace Minerals for Animal Feed Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Cargill Main Business Overview
13.5.5 Cargill Latest Developments
13.6 Archer Daniels Midland
13.6.1 Archer Daniels Midland Company Information
13.6.2 Archer Daniels Midland Trace Minerals for Animal Feed Product Portfolios and Specifications
13.6.3 Archer Daniels Midland Trace Minerals for Animal Feed Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Archer Daniels Midland Main Business Overview
13.6.5 Archer Daniels Midland Latest Developments
14 Research Findings and Conclusion
*If Applicable.