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Publishing News and Press Releases

Trace Minerals in Feed Market worth $608 Million by 2025, at a CAGR of 5.2%

(, September 30, 2021 ) The report "Trace Minerals In Feed Market by Type (Iron, Zinc, Manganese, Copper, Cobalt, Chromium, Other Types), Livestock , Chelate Type (Amino Acids, Proteinates, Polysaccharides, Other Chelate Types), Form, And Region – Global Forecast To 2025", The global trace minerals in feed market size is estimated to be valued at USD 472 million in 2020 and is expected to reach a value of USD 608 million by 2025, growing at a CAGR of 5.2% during the forecast period. Factors such as the rise in production of compound feed, and the increase in the importance of protein-rich diets among consumers across the globe opened new avenues for trace minerals in feed market. The major feed producing countries in the world include China, the US, Brazil, Mexico, Spain, India, and Russia. The where the demand for chicken and red meat has been growing. This in these countries, which has also contributed to the growth of the market.

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Opportunity: Increase in the bioavailability of trace minerals

Bioavailability refers to the proportion of nutrients in food products, which is absorbed and utilized by the body of animals. In addition, utilization is the process of transportation, cellular assimilation, and conversion to a biologically active form. With the permissible limits being imposed on the use of trace elements in feed to reduce environmental risks, livestock farmers have not been able to improve feed conversion efficiency in livestock without providing a higher dosage of mineral supplements, as these elements are not easily absorbed by the digestive systems of animals. However, high demand is expected from unorganized livestock farmers and cooperative societies in developing countries. Therefore, manufacturers are developing techniques to supply these inorganic trace elements in organic forms, which would increase the bioavailability of these compounds and improve the productivity of livestock. The most commonly available trace elements in the organic form include copper, zinc, selenium, and chromium. The awareness about the benefits of organic mineral chelates among farmers is essential to bring a significant shift in the market demand for mineral supplements.

Challenge : High prices associated with trace minerals as an additive

Feed products are one of the major factors that add to the overall cost of livestock production. It accounts for nearly 70% of the total livestock production cost. According to the FAO, of the total feed of cost, 95% is used to meet the energy and protein requirements of the livestock, 3%–4% is used for major mineral, trace mineral, and vitamin requirements, and 1%–2% for other feed additives. Feed manufacturers assemble various cereals and their by-products, amino acids, vitamin & mineral supplements, and feed additives on a low-cost basis by taking into consideration the nutrient contents and the unit cost of each of these products.

The raw material prices for mineral sources, such as zinc and copper, tend to fluctuate based on movements in the London Metal Exchange (LME) or due to high import duties imposed in specific countries. In certain cases, a limited supply of scrap material also pushes the prices of raw materials up, which, in turn, leading to an increase in the prices of trace minerals. These high prices usually lead to the low adoption of these minerals by livestock breeders .The iron segment of the trace minerals in feed market is projected to account for the largest share, by type

The market for poultry segment is projected to account for the largest share during the forecast period

By livestock, poultry is the segment which accounted for the highest market share as well as the highest growth rate in the trace minerals in feed market. Global consumption peaked in 2019 and a continued upward consumption trend is expected, according to an IndexBox report. With a combined 40% share of global consumption. The increased focus on consumption of animal protein in daily diets is one of the preliminary aspects which has led to the growth of the market. The demand for white meat and eggs has been growing due to which the need for increasing livestock production has grown.

Amino acids have the ability to be easily absorbed in the body for the normal functioning of protein synthesis this drives the Trace minerals in feed market

By chelate type, the amino acids segment accounted for the largest market share in 2019. Amino acids are the ideal chelating agents because of its ability to get easily absorbed in the animal body. This is due to the attachment of amino acids to the mineral molecules that create a more stable structure, which helps the minerals survive in the acidic environment of the stomach. Furthermore, trace minerals are protected from various bacteria present in the body of animals, and enzymes are unable to degrade it. It also inhibits the antagonistic action between metal ions and decreases the breaking down of vitamins in the feed. Thus, it easily enters the small intestine where it is absorbed into the bloodstream. These characteristics make amino acids the most preferred chelating minerals among manufacturers.

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Europe is the fastest-growing market during the forecast period in the global Trace minerals in feed market

The European market is one of the largest consumers of trace minerals in feed and is growing at a moderate rate. The wide-scale use of trace minerals in European animal nutrition is attributed to the European Commission’s focus on reducing input costs and enhancing animal health in the early stages of growth. The use of trace minerals in animal nutrition depends on factors such as cost-effectiveness, availability, policies, and regulations. Favorable conditions, such as rules pertaining to the use of feed materials, requirements for feed hygiene, and regulations pertaining to undesirable substances in feed set by the European Commission, have had a positive impact on the feed industry, which is projected to drive the growth of the trace minerals in feed market in Europe.

This report includes a study on the marketing and development strategies, along with a study on the product portfolios of the leading companies operating in the Trace minerals in feed market. It consists of the profiles of leading companies such Cargill, Incorporated (US), (US), BASF SE (Germany), Bluestar Adisseo Co., Ltd (China), Koninklijke DSM N.V. (Netherlands), Nutreco N.V. (Netherlands), Alltech (US), Zinpro (US), Orffa (Netherlands), Novus International (US), Kemin Industries, Inc. (US), Lallemand, Inc. (Canada), Virbac (France), Global Animal Nutrition (US), Dr. Paul Lohmann Gmbh & Co. KGAA (Germany), Biochem Zusatzstoffe (Germany), Veterinary Professional Services Ltd. (Vetpro) (New Zealand), Chemlock Nutrition Corporation (US), dr. eckel animal nutrition gmbh & co.kG (Germany), Vetline (India), Green Mountain Nutritional Services Inc. (US), Biorigin (Brazil), Tanke (China), JH Biotech, Inc. (US), QualiTech, Inc. (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Aashish Mehra


Source: EmailWire.Com

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