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Animal Feed Micronutrients Market Competitive Landscape by 2025

The demand is expected to grow significantly over the coming years on account of high application scope coupled with increasing utilization in poultry application. The Global Animal Feed Micronutrients Market is expected to reach USD 2.12 billion by 2025, according to a new report by Grand View Research, Inc.


The market is driven by the capability of the product to increase the weight and improve the overall health of the animals. The deficiency of micronutrients can lead to hardening & cracking lesions on pig skin and slow growth, poor feathering, & abnormal skeletal development in poultry. This is likely to have a positive impact on the consumption over the forecast period.

Asia Pacific was the major consumer of the product in 2016 and is expected to witness growth at a CAGR of 7.8% from 2017 to 2025. Factors such as rapid urbanization, growing population, and rising consumer willingness to spend are expected to increase the demand for various kinds of meat including pork and beef, thereby leading to the market growth.

Zinc was the largest product segment and accounted for a revenue share of 31.4% in 2016 due to its ability to maintain appetite, skin & skeletal health, reproductive efficiency, and strong immune system. Aqua feed is expected to grow at a CAGR of 5.9% from 2017 to 2025 due to the growing importance of aquaculture to fulfil the high demand for seafood.

To Know More About Animal Feed Micronutrients Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/animal-feed-micronutrients-market 

Boron, a trace mineral, is majorly found in fruits, vegetables, nuts, and legumes. The demand for the product is likely to grow on account of its ability to regulate bone development, brain function, mineral metabolism, substrate energy usage, immunity, and insulin creation.

Market Segmentation of Animal Feed Micronutrients Market:

The Global Animal Feed Micronutrients Market segmented on the basis of Product, Application, and Region.

By Product:

Iron
Manganese
Zinc
Boron
Copper

By Application:

Ruminant
Poultry
Swine
Aqua
Equine

By Region:

North America
Europe
Asia Pacific
Central & South America
Middle East & Africa

Inquire about Animal Feed Micronutrients Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2326/ibba 
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