Published Date : Aug 29, 2016
ALBANY, NY, Aug 29, 2016 - MarketResearchReports.biz has added a new report, titled “Global Organic Trace Minerals For The Animal Feed Market 2016-2020,” to its offering. This study presents a detailed description of the macroeconomic indicators, prime trends, and growth factors impacting the development of the market. The current scenario of this market and its predicted growth by the end of 2020 have been encapsulated in this study.
The report begins by presenting an introduction to the organic trace minerals for the animal feed market. This section encapsulates the main market highlights and also presents the current and predicted size of the market. Furthermore, the supply chain and value chain reports of the market is presented under this section of the study. As per the study, the market is predicted to rise at an 8.0% CAGR from 2016 to 2020.
Trace minerals are organic or inorganic minerals utilized in animal feed to aid various bodily functions of livestock. Organic trace minerals are primarily used in animal feed to improve gut absorption by maintaining an accurate balance of important minerals in the body. This further helps maintain the health of these animals.
Organic trace minerals aid in building strong immunity, reproductive performance, and optimum health in animals and are being highly demanded globally, thus fuelling the growth of the organic trace minerals for the animal feed market. In addition, the growing employment of these minerals in poultry layer diets will augment this market. However, the unhygienic mixing of these minerals into animal feed mixes may cause a number of diseases to humans. This factor may impede the utilization of organic trace minerals in animal feed mixes.
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In the following part of the study, the market is segmented in terms of livestock, metal, and geography. On the basis of livestock, the report segments the market into swine, ruminants, and poultry. Of these, the segment of ruminants led the market and represented a share of approximately 36% in 2015. The utilization of organic trace minerals enhances reproduction capabilities, improves the capacity of milk production, and optimizes the health of dairy cattle, thus boosting the utilization of organic trace minerals in the segment of ruminants.
By metal, the report categorizes the organic trace minerals for the animal feed market into iron, manganese, zinc, and copper. Amongst these, the segment of zinc held a significant share in the market and is poised to exhibit a CAGR of approximately 8.0% by 2020. The utilization of zinc as a trace mineral in feed mixes aids in metabolic processes, protein synthesis, and hormone interactions in animals.
Geographically, the market is segmented into Europe, Asia Pacific (APAC), North America, and Rest of the World (RoW). Amongst these, North America is predicted to hold a dominant share in the market and will register a CAGR of approximately 7.0% from 2016 to 2020. The soaring bioavailability of organic trace minerals in North America will drive the growth of the market in this region.
As per the report, the prominent players in the market are Alltech, Kemin, Novus, Pancosma, Tanke, Zinpro, Cargill, DSM, and Archer Daniels Midland, among others.
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