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The organic trace minerals for animal feed market size is forecast to increase by USD 568.3 million, at a CAGR of 10.44% between 2023 and 2028.
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The organic trace minerals for animal feed industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The dry segment is estimated to witness significant growth during the forecast period.
The market for dry organic trace minerals in animal feed is experiencing growth due to increasing consumer demand for natural and sustainable alternatives to conventional mineral supplements. This demand is driven by the belief that organic trace minerals offer improved hoof health, animal health benefits, and enhanced nutrient absorption. Animal feed formulation and mineral supplementation are crucial aspects of the industry, with mineral chelation and fermentation processes playing significant roles in enhancing mineral bioavailability and feed efficiency. The use of organic mineral sources in feed formulation, such as those derived from plant and marine sources, can boost growth performance and immune function, while minimizing mineral toxicity.
In poultry feed additives, for instance, organic trace minerals can improve protein synthesis and reproductive health. Mineral interaction and balance are essential considerations in ruminant nutrition, where mineral deficiencies can negatively impact nutrient absorption and rumen metabolism. The aquaculture nutrition sector also benefits from organic trace minerals, as they can improve feed palatability and production efficiency. However, the higher cost of organic trace minerals compared to conventional minerals presents a challenge for market expansion. Additionally, the lack of standardization in the production and labeling of organic trace minerals can create confusion and mistrust among consumers.
According to recent industry reports, the market for organic trace minerals in animal feed is projected to grow by over 5% annually, driven by increasing consumer awareness and demand for natural and sustainable feed ingredients. For example, a study published in the Journal of Animal Science reported that organic zinc and manganese supplementation in pig feed led to a 5% increase in feed efficiency and a 10% improvement in average daily weight gain.
The Dry segment was valued at USD 459.00 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 28% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The organic trace minerals market for animal feed is experiencing significant growth, particularly in North America, where it held a dominant share in 2023. This trend can be attributed to the increasing meat production in the region over the past five years, driven by strong demand from consumers for high-quality meat. The region's well-informed consumer base and preference for organic production methods further fuel market growth. Organic trace minerals improve animal health by enhancing gut microbiome function, feed palatability, and digestibility, leading to increased production efficiency and improved growth performance. These minerals also play a crucial role in immune function, protein synthesis, and reproductive health.
Trace minerals, such as zinc and manganese, are essential for mineral balance and nutrient absorption. However, mineral toxicity is a concern, highlighting the importance of mineral interaction and balance in animal feed formulation. For instance, zinc and copper interaction can negatively impact animal health. Mineral chelation, a process used to increase mineral bioavailability, is a popular solution to mitigate these interactions. The fermentation process is another area of interest in the market, as it can enhance mineral bioavailability and improve feed efficiency. Organic mineral sources, such as seaweed and yeast, are gaining popularity due to their sustainability and environmental benefits.
The market is also witnessing growth in the aquaculture and poultry sectors, where mineral requirements differ significantly from those of ruminants. According to recent industry reports, the global organic trace minerals market for animal feed is expected to grow at a steady pace, reaching a value of approximately USD2.5 billion by 2028. This growth is driven by the increasing demand for high-quality animal products and the need for more sustainable and efficient farming practices.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is gaining significant traction in the global agricultural industry due to the numerous benefits it offers in enhancing animal health and productivity. Organic trace minerals, such as zinc, selenium, manganese, and iron, play a crucial role in various physiological functions, including milk production, poultry growth, swine development, and animal reproduction. For instance, zinc supplementation in swine feed has been proven to improve growth rates and feed efficiency, while selenium deficiency can negatively impact reproductive performance in livestock. In poultry, the use of chelated minerals enhances absorption and utilization, ensuring optimal levels of trace minerals for growth and development. Moreover, organic mineral sources, such as yeast and plant-based extracts, are increasingly being adopted for sustainable animal feed production. These sources offer improved trace mineral absorption and bioavailability, particularly in ruminant feed, where iron bioavailability is a concern. Copper sulfate, a traditional mineral supplement, has been replaced by organic copper sources in many feed formulations due to concerns over toxicity and interaction with other minerals. Trace mineral premixes are also used to improve feed efficiency and ensure mineral balance in animal diets, avoiding deficiencies and minimizing the negative impact of mineral interaction. Trace mineral analysis in animal feed ingredients is essential to ensure the quality and consistency of mineral supplements. The effects of various mineral forms and their interactions on animal nutrition are complex and require careful consideration to optimize animal health and productivity. In conclusion, the market is a dynamic and evolving sector that plays a vital role in improving animal health, productivity, and sustainability. By focusing on mineral requirements for different animal species, optimizing mineral levels, and enhancing feed palatability with mineral supplements, the industry continues to innovate and meet the growing demand for high-quality, sustainable animal feed solutions.
The organic trace minerals for animal feed market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the organic trace minerals for animal feed market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, organic trace minerals for animal feed market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Alltech Inc. - The company specializes in providing organic trace minerals for animal feed, including the innovative product Bioplex High Five.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Organic Trace Minerals For Animal Feed Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
175 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.44% |
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Market growth 2024-2028 |
USD 568.3 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
8.64 |
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Key countries |
US, UK, Canada, China, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this organic trace minerals for animal feed market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Form Factor
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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