Trace Minerals for Animal Feed Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 2.1 Billion by 2033 at a CAGR of 7.5% from 2026 to 2033.
The Trace Minerals for Animal Feed market was valued at approximately USD 3.2 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030. This growth is attributed to the increasing demand for nutritional supplements in animal feed, which is essential for improving livestock health, productivity, and disease resistance. The markets expansion is driven by the rising awareness of animal nutrition and the growing need for fortified animal feed products across various livestock sectors. The market is expected to witness significant growth in the coming years, with a forecasted market size of USD 6.1 billion by 2030.
Regionally, North America dominated the Trace Minerals for Animal Feed market in 2022, accounting for over 30% of the global market share. This can be attributed to the strong demand for high quality animal feed in the U.S. and Canada, driven by the large scale livestock farming industry. Europe followed closely behind, with substantial growth due to increased regulations regarding animal health and safety. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, owing to the expanding livestock farming industry in countries such as China and India. The Latin American and Middle Eastern markets are also showing potential for growth, with rising investments in animal husbandry and feed production technologies.
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Kemin
Novus
Pancosma
Zinpro
Cargill
Archer Daniels Midland
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Trace Minerals for Animal Feed Market
Mineral Supplements
Trace Mineral Premixes
Mineral Salts
Powder
Liquid
Granules
Livestock
Poultry
Aquaculture
Pet Food
Farmers
Feed Manufacturers
Animal Feed Traders
Online Retailers
Offline Retailers
Direct Sales
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Trace Minerals for Animal Feed Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Trace Minerals for Animal Feed Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Trace Minerals for Animal Feed Market, By Type
6. Global Trace Minerals for Animal Feed Market, By Application
7. Global Trace Minerals for Animal Feed Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Trace Minerals for Animal Feed Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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