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Animal Feed Organic Trace Minerals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 147 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5700904
Description Jump to:
The global animal feed organic trace minerals market size reached US$ 709 Million in 2022. Looking forward, the analyst expects the market to reach US$ 1,070 Million by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028.

Animal feed organic trace minerals include essential nutrients, such as iron, copper, manganese, zinc, and selenium, that are used in animal feed production. They are incorporated in small quantities to improve the feed quality and boost animal health. Animal feed organic trace minerals enhance animals' immunity and metabolism while improving the fertility rate. As compared to inorganic trace minerals, organic trace minerals are a bioavailable source and help in achieving the same production goals by feeding small amounts of nutrients from organic sources. As a result, these minerals are commonly used for pets, swine, dairy cattle, beef, and aquaculture animals.

Animal Feed Organic Trace Minerals Market Trends:

The increasing meat consumption across the globe is creating a positive outlook for the market. In line with this, the rising consumer awareness and inclination toward high-protein foods, such as chicken, pork, and eggs, in their daily diets are favoring the market growth. Additionally, the growing demand for trace organic minerals in animal feed due to the rising concerns about environmental pollution caused by the extensive use of chemicals in agriculture is favoring the market growth. Apart from this, the utilization of zinc and amino acids to strengthen eggshells in poultry and copper to improve the fertility of eggs is providing an impetus to the market growth. Furthermore, the implementation of various government initiatives, such as the ban on the use of synthetic and inorganic trace minerals containing heavy contaminants in feed products, is acting as another growth-inducing factor. Moreover, the growing demand for processed meat products, such as ready-made meals, due to their enhanced nutritional value, safety, and versatility, is positively influencing the market growth. Other factors, including the increasing efforts to produce healthy livestock, rising consumption of minerals for better metabolic processes, and significant growth in the animal feed industry, are supporting the market growth.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global animal feed organic trace minerals market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on trace element type and animal type.

Breakup by Trace Element Type:

  • Zinc
  • Iron
  • Copper
  • Manganese
  • Selenium
  • Others

Breakup by Animal Type:

  • Dairy Cattle
  • Beef
  • Poultry
  • Swine
  • Aquaculture
  • Pets
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Alltech, Archer-Daniels-Midland Company, BASF SE, Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH, Cargill Incorporated, Kemin Industries Inc., Koninklijke DSM N.V, Novus International Inc. (Mitsui & Co. Ltd.), Nutreco N.V., Orffa Additives B.V., QualiTech and Zinpro Corporation.

Key Questions Answered in This Report:

  • How has the global animal feed organic trace minerals market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global animal feed organic trace minerals market?
  • What are the key regional markets?
  • What is the breakup of the market based on the trace element type?
  • What is the breakup of the market based on the animal type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global animal feed organic trace minerals market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Animal Feed Organic Trace Minerals Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Trace Element Type
6.1 Zinc
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Iron
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Copper
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Manganese
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Selenium
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Animal Type
7.1 Dairy Cattle
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Beef
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Poultry
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Swine
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Aquaculture
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Pets
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Alltech
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 Archer-Daniels-Midland Company
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 BASF SE
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Cargill Incorporated
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Kemin Industries Inc.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Koninklijke DSM N.V
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 Novus International Inc. (Mitsui & Co. Ltd.)
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Nutreco N.V.
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 Orffa Additives B.V.
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.11 QualiTech
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.12 Zinpro Corporation
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Animal Feed Organic Trace Minerals Market: Major Drivers and Challenges
Figure 2: Global: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Animal Feed Organic Trace Minerals Market: Breakup by Trace Element Type (in %), 2022
Figure 5: Global: Animal Feed Organic Trace Minerals Market: Breakup by Animal Type (in %), 2022
Figure 6: Global: Animal Feed Organic Trace Minerals Market: Breakup by Region (in %), 2022
Figure 7: Global: Animal Feed Organic Trace Minerals (Zinc) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Animal Feed Organic Trace Minerals (Zinc) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Animal Feed Organic Trace Minerals (Iron) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Animal Feed Organic Trace Minerals (Iron) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Animal Feed Organic Trace Minerals (Copper) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Animal Feed Organic Trace Minerals (Copper) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Animal Feed Organic Trace Minerals (Manganese) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Animal Feed Organic Trace Minerals (Manganese) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Animal Feed Organic Trace Minerals (Selenium) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Animal Feed Organic Trace Minerals (Selenium) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Animal Feed Organic Trace Minerals (Other Trace Element Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Animal Feed Organic Trace Minerals (Other Trace Element Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Animal Feed Organic Trace Minerals (Dairy Cattle) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Animal Feed Organic Trace Minerals (Dairy Cattle) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Animal Feed Organic Trace Minerals (Beef) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Animal Feed Organic Trace Minerals (Beef) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Animal Feed Organic Trace Minerals (Poultry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Animal Feed Organic Trace Minerals (Poultry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Animal Feed Organic Trace Minerals (Swine) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Animal Feed Organic Trace Minerals (Swine) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Animal Feed Organic Trace Minerals (Aquaculture) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Animal Feed Organic Trace Minerals (Aquaculture) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Animal Feed Organic Trace Minerals (Pets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Animal Feed Organic Trace Minerals (Pets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Animal Feed Organic Trace Minerals (Other Animal Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Animal Feed Organic Trace Minerals (Other Animal Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: North America: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: North America: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: United States: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: United States: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Canada: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Canada: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Asia-Pacific: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Asia-Pacific: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: China: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: China: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Japan: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Japan: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: India: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: India: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: South Korea: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: South Korea: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Australia: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Australia: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Indonesia: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Indonesia: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Others: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Others: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Europe: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Europe: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Germany: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Germany: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: France: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: France: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: United Kingdom: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: United Kingdom: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Italy: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Italy: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Spain: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Spain: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Russia: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Russia: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Latin America: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Latin America: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Brazil: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Brazil: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Mexico: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Mexico: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Middle East and Africa: Animal Feed Organic Trace Minerals Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Middle East and Africa: Animal Feed Organic Trace Minerals Market: Breakup by Country (in %), 2022
Figure 81: Middle East and Africa: Animal Feed Organic Trace Minerals Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Global: Animal Feed Organic Trace Minerals Industry: SWOT Analysis
Figure 83: Global: Animal Feed Organic Trace Minerals Industry: Value Chain Analysis
Figure 84: Global: Animal Feed Organic Trace Minerals Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Animal Feed Organic Trace Minerals Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Animal Feed Organic Trace Minerals Market Forecast: Breakup by Trace Element Type (in Million US$), 2023-2028
Table 3: Global: Animal Feed Organic Trace Minerals Market Forecast: Breakup by Animal Type (in Million US$), 2023-2028
Table 4: Global: Animal Feed Organic Trace Minerals Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Animal Feed Organic Trace Minerals Market: Competitive Structure
Table 6: Global: Animal Feed Organic Trace Minerals Market: Key Players

Companies Mentioned

  • Alltech
  • Archer-Daniels-Midland Company
  • BASF SE
  • Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH
  • Cargill Incorporated
  • Kemin Industries Inc.
  • Koninklijke DSM N.V
  • Novus International Inc. (Mitsui & Co. Ltd.)
  • Nutreco N.V.
  • Orffa Additives B.V.
  • QualiTech
  • Zinpro Corporation

Methodology

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Table Information

Report AttributeDetails
No. of Pages147
PublishedOctober 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 709 Million
Forecasted Market Value ( USD ) by 2028 $ 1070 Million
Compound Annual Growth Rate7.1%
Regions CoveredGlobal
No. of Companies Mentioned12

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About the Animal Feed Organic Trace Minerals Market

Organic trace minerals are essential components of animal feedstuffs, providing essential nutrients for livestock and poultry. They are naturally occurring minerals that are found in soil, water, and plants, and are essential for the health and growth of animals. Organic trace minerals are used in animal feed to improve the nutritional value of the feed, as well as to improve the health and performance of the animals. Organic trace minerals are also used to improve the digestibility of the feed, as well as to reduce the risk of disease and improve the overall health of the animals. Organic trace minerals are available in a variety of forms, including liquid, powder, and granular. They are also available in a variety of concentrations, depending on the needs of the animals. The market for organic trace minerals is growing, as more producers are recognizing the importance of providing their animals with the essential nutrients they need. Some companies in the market for organic trace minerals include Alltech, Nutreco, Kemin, and Zinpro. Show Less Read more

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