Animal Feed Micronutrients Market Size, Industry Share, Forecast to 2029
Animal Feed Micronutrients Market Size, Industry Share, Forecast to 2029
Gourmet Insights is a prominent source of data, analytics, and intelligence tailored for the Food & Beverage industry. Our expertise lies in delivering thorough and current information across diverse facets of the F&B sector, encompassing restaurants, foodservice establishments, beverage producers, distributors, and other key players in the culinary landscape.
Data Bridge Market Research unveils a comprehensive study of Market, presented in a visually compelling format for effective data absorption. Key insights are readily evident through insightful graphs, charts, and figures, empowering informed decision-making.
"Global Animal Feed Micronutrients Market report puts light on analysis of prime manufacturers, trends, opportunities, marketing strategies analysis, market effect factor analysis and consumer needs by major regions, types, and applications globally. This market research report performs an estimation of the growth rate and the market value based on market dynamics and growth inducing factors. Local, regional as well as global market has been considered here to conduct the research study of Animal Feed Micronutrients Market report. The report can be accessible to the users in the form of PDF or spreadsheet. Moreover, PPT format can also be offered depending upon client’s requirement.
While preparing an outstanding Animal Feed Micronutrients Market report, combination of best industry insight, practical solutions, talent solutions and latest technology have been utilized. The report aids in taking important decisions for the growth of business. What is more, with the utilization of best-practice models, comprehensive market analysis and research methodologies in this business report, it becomes simple to obtain perfect market segmentation and insights. The report also takes into consideration the detailed profiles of market’s major manufacturers and importers who are dominating the market. The world class Animal Feed Micronutrients Market report enlists key competitors with the required specifications and also endows with the strategic insights and analysis of the main factors influencing the industry.
Data Bridge Market Research analyses that the animal feed micronutrients market was valued at 1503.29 million in 2021 and is expected to reach the value of USD 2469.31 million by 2029, at a CAGR of 6.40% during the forecast period of 2022 to 2029.
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Market Definition
Animal feed micronutrients are nutritious foods with high levels of proteins, minerals, and vitamins given to livestock, farm, and aquatic animals. Domestic animals primarily consume it in the form of fodder, hay, silage, pelleted feeds, oilseeds, sprouted grains, and forage, among other things. Animal feed micronutrients are an important component of animal rearing, and it varies depending on whether the animals are raised for meat, eggs, or milk.
Drivers
Growing focus on the animal health
Increased emphasis on animal health will also drive market growth. Increased cattle farming is likely to increase demand for animal feed micronutrients. Humans' increasing demand for animal-based products will drive up market demand. Proponents of natural growth are expected to be active in the market as their momentum grows. Rising consumer awareness of the benefits of using feed additives to reduce disease has fuelled the market's demand.
Increase in the demand for organic meat
Food safety concerns have increased the demand for high-quality animal feed micronutrients to ensure meat safety. Another factor driving the growth of the animal feed micronutrient market is the growing awareness among farm owners of maintaining a healthy animal-based diet. As a result, they are transitioning from standard animal feed micronutrients to functional and premium variants that help improve the animals' immunity against enzootic diseases while also lowering the risk of metabolic disorders, acidosis, injuries, and infections.
Furthermore, an increase in demand for organic meat from developed-country consumers and the implementation of new animal rearing practises and the maintenance of high farming standards have created a positive outlook for the industry.
Opportunity
Increasing meat consumption in developing economies such as China, India, and Brazil is expected to drive Global demand for the product. Australia is a major pork exporting region and is expected to drive product demand over the forecast period.
Animal Feed Micronutrients Market Regional Analysis/Insights
Asia is the most important market for pork consumption and production, accounting for roughly half of Global output. The Global region is the largest market for animal feed micronutrients products due to the high consumption of pork meat. Southeast Asia is the world's largest pork producer and exporter. Since ancient times, pork meat has been consumed in the region and is the most popular meat due to its high fat content and flavour. China is the largest pork producer's market, followed by Vietnam, Thailand, South Korea, Japan, and the Philippines. Japan, South Korea, and Taiwan are saturated pork consumption markets, while Vietnam and the Philippines are emerging markets.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Core Objective of Animal Feed Micronutrients Market:
Every firm in the Animal Feed Micronutrients Market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.
Size of the Animal Feed Micronutrients Market and growth rate factors.
Important changes in the future Animal Feed Micronutrients Market.
Top worldwide competitors of the Market.
Scope and product outlook of Animal Feed Micronutrients Market.
Developing regions with potential growth in the future.
Tough Challenges and risk faced in Market.
Global Animal Feed Micronutrientstop manufacturers profile and sales statistics.
Highlights of TOC:
Chapter 1: Market overview
Chapter 2: Global Animal Feed Micronutrients Market
Chapter 3: Regional analysis of the Global Animal Feed Micronutrients Market industry
Chapter 4: Animal Feed Micronutrients Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
Regional Analysis for Animal Feed Micronutrients Market:
APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
North America (U.S., Canada, and Mexico)
South America (Brazil, Chile, Argentina, Rest of South America)
MEA (Saudi Arabia, UAE, South Africa)
Some of the major players operating in the animal feed micronutrients market are:
CHR. Hansen Holdings A/S (Denmark)
Lallemand Inc. (Canada)
Novus International (U.S)
DSM (Netherlands)
BASF SE (Germany)
Alltech (US)
ADM (U.S)
Charoen Popkphand Foods PCL (Thailand)
Associated British Foods Plc (U.K)
Cargill Incorporated (U.S)
Purina Animal Nutrition LLC (US)
Zinpro Corp (US)
Dallas Keith (UK)
Balchem Inc., (US)
Kemin Industries, Inc. (US)
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