The growing demand for meat as a source of protein is expected to be one of the major drivers of the market over the forecast period. The Global Animal Feed Organic Trace Minerals Market is expected to reach USD 880.2 million by 2025, according to a new report by Grand View Research, Inc.
Organic trace minerals improve the nutrient content in animal feed. Growing occurrences of disease outbreaks, such as avian influenza (AI), in poultry and turkey have increased the demand for these minerals. Bioavailability is another factor that differentiates organic and inorganic trace minerals in animal feed.
Poultry was the largest consumer of organic trace minerals in animal feed in 2016. The demand for broilers, chickens, and turkeys has witnessed a steady increase, particularly in countries with growing food industries such as China, India, and Brazil, which has played a key role in growing animal feed consumption in these countries.
The demand for organic trace minerals in pig feed is projected to grow at the second highest CAGR of 7.4% in terms of revenue, on account of growing demand for pork due to its high protein content. The U.S. dominated the North American market and accounted for 78.4% in 2016. This region was one of the largest consumers of animal feed, driving the demand for organic trace minerals.
To Know More About Animal Feed Organic Trace Minerals Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/animal-feed-organic-trace-minerals-industry
Asia Pacific is projected to be the fastest-growing region with a CAGR of 9.1% from 2017 to 2025 due to growing awareness about the importance of organic trace minerals in the booming animal husbandry industry. The market in Europe was valued at USD 129.7 million in 2016. The demand in this region is driven by the growing meat processing and dairy industries in small countries such as Turkey, Poland, Sweden, Romania, and Bosnia.
Market Segmentation of Animal Feed Organic Trace Minerals Market:
The Global Animal Feed Organic Trace Minerals Market segmented on the basis of Product, Application, and Region.
By Product:
Zinc
Iron
Copper
Selenium
By Application:
Dairy Cattle
Poultry
Horses
Pigs
By Region:
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
Inquire about Animal Feed Organic Trace Minerals Market with Our Experts @ https://www.grandviewresearch.com/inquiry/212/ibb
Comments
Post a Comment