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Animal Feed Micronutrients Market Size Worth USD 2.26 Billion by 2025 | CAGR: 6.2%

The Animal Feed Micronutrients market is expected to grow at CAGR of 6.2% to reach USD 2.26 billion by 2025.

Micronutrients are energy-providing nutrients and are vital for the body to develop new tissues, regulate life process and conduct nerve impulses. micronutrients (trace elements) are necessary for animal diets to improve the health and agricultural production of meat, milk, fiber, and eggs. Furthermore, these nutrients help in improving enzyme system and support complex function in animal productions which is anticipated to boost the product demand further. Moreover, rising concerns for animal diseases such as microbial contamination, bovine spongiform encephalopathy, and chronic disease due to the nutritional deficiency will stimulate new opportunities for this industry landscape. On the flip side, metals such as copper and zinc (which are increasingly utilized as animal feed micronutrients) are potential soil pollutants. This factor would, in turn, pull back the industry growth to some extent over the study period.

Browse 84 Tables and 130 Figures spread through over 150 Pages and in-depth TOC on” Animal Feed Micronutrients Market, By Nutrient Type (Vitamins and Minerals), By Animal Type (Ruminants, Poultry, Aquaculture, Swine and Companion Animals) and Geography (North America, Europe, Asia Pacific and Rest of the World) – Analysis, Share, Trends, Size, & Forecast from 2014 – 2025” Request Sample Here

KEY TAKEAWAYS

In terms of products, the market industry is divided into Zinc, Manganese, Iron, Copper, Boron, and others. The zinc segment was the biggest product category in 2018 and is projected to grow at the highest CAGR from 2019 to 2025.
Depending upon the application, the industry categorized into Poultry, Ruminant, Aqua, Swine, and Equine. The equine feed segment is anticipated to witness sluggish growth due to a steep decline in equine feed production worldwide.
Key players namely Cargill Incorporated, Kemin Industries, Nutreco, Keshav Fertilizers, Aries Agro, Balchem Inc., Animine, Archer Daniels Midland, QualiTech, and Agrium Advanced Technologies are actively operating in this industry
Strong competition among key players will spur the invention for better products as well as more efficient R&D processes. Companies are involved in introducing new and effective products to attract a large customer base.
For instance, in June 2019, a company called “”Micronutrients USA LLC”” announced the approval of its IntelliBond-M by the USDA National Organic Program for use in organic livestock production systems.

The global animal feed micronutrients market by its major segments, which include as follows:

ANIMAL FEED MICRONUTRIENTS MARKET, BY NUTRIENT TYPE