Animal Feed Organic Trace Minerals Market Trends and Forecast 2024-2032

Global Animal Feed Organic Trace Minerals Market Statistics: USD 1302.7 Million Value by 2032

Summary:

• The global animal feed organic trace minerals market size reached USD 758.0 Million Billion in 2023.

• The market is expected to reach USD 1,302.7 Million by 2032, exhibiting a growth rate (CAGR) of 6.01% during 2024-2032.

• Asia Pacific leads the market, accounting for the largest animal feed organic trace minerals market share.

• Zinc accounts for the majority of the market share in the trace element type segment due to zinc's widespread use across various animal species, particularly in poultry and swine.

• Poultry holds the largest share in the animal feed organic trace minerals industry.

• The rising awareness among the masses about nutritional benefits of animal feed organic trace minerals is a primary driver of the animal feed organic trace minerals market.

• The growing focus on health and productivity is reshaping the animal feed organic trace minerals market.

Industry Trends and Drivers:

• Nutritional benefits:

Organic trace minerals, such as chelated minerals, are more readily absorbed and utilized by animals compared to inorganic forms. This increased bioavailability ensures that animals receive optimal levels of essential minerals, leading to better overall health and performance. By providing more efficient mineral absorption, organic trace minerals contribute to faster growth rates in livestock and poultry. This is crucial for producers aiming to meet market demands and improve feed conversion ratios. Organic trace minerals play a significant role in improving the immune system of animals. Better immune function reduces the incidence of diseases and infections, leading to lower veterinary costs and reduced reliance on antibiotics.

• Health and productivity:

Organic trace minerals enhance the immune system of animals, making them more resilient to diseases. Improved immune function reduces the frequency and severity of illnesses, which can otherwise lead to significant losses for producers. Adequate levels of trace minerals help animals better cope with stressors such as transportation, changes in environment, or handling. Reduced stress levels contribute to overall better health and lower susceptibility to stress-related diseases. Organic trace minerals improve the digestive efficiency of animals. Better digestion and absorption of nutrients result in improved overall health and reduced gastrointestinal disorders. Healthier animals require fewer veterinary interventions and medications. By improving health through better mineral nutrition, producers can lower their overall veterinary expenses.

• Sustainability trends:

Organic trace minerals are often associated with reduced environmental impact compared to inorganic alternatives. They can lead to more efficient nutrient utilization, which minimizes waste and decreases the environmental burden of animal farming. By enhancing nutrient absorption and reducing excretion of unutilized minerals, organic trace minerals help lower the risk of manure pollution. This helps in mitigating soil and water contamination issues. Organic trace minerals improve feed conversion rates, meaning animals need less feed to achieve the same growth outcomes. This not only reduces feed consumption but also lessens the strain on natural resources used in feed production. By improving the efficiency of nutrient use, organic trace minerals contribute to more sustainable agricultural practices by reducing the need for excessive inputs.

Animal Feed Organic Trace Minerals Market Report Segmentation:

Breakup By Trace Element Type:

• Zinc

• Iron

• Copper

• Manganese

• Selenium

• Others

Zinc represents the largest segment. Zinc is essential for numerous physiological functions in animals, including immune response and growth, making it the most widely used organic trace mineral in animal feed.

Breakup By Animal Type:

• Dairy Cattle

• Beef

• Poultry

• Swine

• Aquaculture

• Pets

• Others

Poultry accounts for the majority of the market share as poultry production requires high levels of trace minerals for rapid growth, optimal feed conversion, and disease prevention.

Breakup By Region:

• North America (United States, Canada)

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America (Brazil, Mexico, Others)

• Middle East and Africa

Asia Pacific enjoys the leading position in the animal feed organic trace minerals market. Asia Pacific has the largest livestock population and is experiencing rapid growth in meat and poultry production, driving the high demand for organic trace minerals in the region.

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Top Animal Feed Organic Trace Minerals Market Leaders: The animal feed organic trace minerals market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

• Alltech

• Archer-Daniels-Midland Company

• BASF SE

• Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH

• Cargill Incorporated

• Kemin Industries Inc.

• Koninklijke DSM N.V

• Novus International Inc. (Mitsui & Co. Ltd.)

• Nutreco N.V.

• Orffa Additives B.V.

• QualiTech

• Zinpro Corporation

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