Global Trace Minerals in Feed Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Increasing awareness about the importance of trace minerals in animal nutrition

• Trace minerals play a crucial role in maintaining the health and productivity of animals. These essential nutrients, including zinc, copper, iron, manganese, selenium, and others, are required in small quantities but have significant impacts on the overall well-being of livestock and poultry. The global trace minerals in feed market has witnessed substantial growth in recent years, driven by the increasing demand for high-quality animal products, rising awareness about animal nutrition, and the growing need to combat mineral deficiencies in animal diets.
• Trace minerals are vital for various physiological functions in animals, including enzyme activation, hormone synthesis, immune response, and growth regulation. Deficiencies in trace minerals can lead to a range of health issues, such as reduced fertility, impaired growth, weakened immune systems, and decreased feed efficiency. As a result, livestock and poultry producers are increasingly incorporating trace mineral supplements into animal diets to ensure optimal health and performance.
• The global trace minerals in feed market is influenced by several factors. Firstly, the rising global population and growing income levels have led to an increased demand for animal-based protein products. This has created a greater need for efficient and sustainable livestock and poultry production, driving the adoption of trace mineral supplements to enhance animal health and productivity.
• Moreover, the expanding aquaculture industry, driven by the rising consumption of seafood and the depletion of wild fish stocks, has further propelled the demand for trace minerals in fish and shrimp feed. Aquatic species require specific trace minerals to support their unique physiological processes, making trace mineral supplementation critical for their growth and disease resistance.
• Furthermore, growing consumer awareness about the quality and safety of animal-derived products has driven the demand for trace mineral-enriched feeds. Consumers are increasingly seeking products that are produced with minimal environmental impact and without the excessive use of antibiotics or growth-promoting agents. Trace minerals in animal feed not only improve animal health but also contribute to the production of safe, nutritious, and sustainable food products. The global trace minerals in feed market is witnessing significant growth due to the increasing demand for high-quality animal products, the need to combat mineral deficiencies, and the rising awareness about animal nutrition. As the livestock and aquaculture industries strive for improved efficiency, productivity, and sustainability, the inclusion of trace mineral supplements in animal diets is expected to continue growing, offering immense opportunities for industry players and driving advancements in animal nutrition research and development.

Market Segmentations

• The Global Trace Minerals in Feed Market is segmented based on Mineral, Chelate, Source, Form, Livestock, and Geography.
• By Mineral, the market is classified into Zinc, Iron, Manganese, and Copper. Zinc is the largest market segment. This is due to the high demand for zinc in animal feed, as it is essential for growth, reproduction, and immunity. Iron, manganese, and copper are also important mineral nutrients for animals, and they account for the remaining market share.
• By Chelate, the market is classified into Amino Acids, and Proteinates, Polysaccharides. Amino acid chelates are the most popular type of chelate. This is due to their high bioavailability, which means that they are easily absorbed by animals. Proteinates and polysaccharide chelates are also used, but they are not as popular as amino acid chelates.
• By Source, the market is classified into Organic and Inorganic. Organic trace minerals are the fastest-growing segment. This is due to the growing demand for organic products from consumers. Inorganic trace minerals are still the most popular type, but their market share is declining due to the increasing preference for organic products.
• By Form, the market is classified into Dry and Liquid. Dry trace minerals are the most popular form. This is due to their ease of use and storage. Liquid trace minerals are also used, but they are not as popular as dry trace minerals.
• By Livestock, the market is classified into Ruminants, Poultry, and Swine. Poultry is the largest market segment. This is due to the high demand for poultry products, such as chicken and eggs. Ruminants, swine, and other livestock account for the remaining market share.
• By Geography, the market is classified into the Americas, Europe, Middle East & Africa, and Asia-Pacific. Asia-Pacific is the largest market for trace minerals in the feed. This is due to the growing demand for animal protein in the region. The Americas, Europe, and Middle East & Africa are also important markets for trace minerals in feed.

Recent Development

• Zinpro Corporation launched a high-quality selenium performance trace mineral-Availa Se-for the European Union (EU). Availa Se is a chelated form of selenium, which means that it is bound to an amino acid, making it more bioavailable to animals. This makes it a more effective way to provide selenium to livestock, and can help to improve their health and performance - March 2023
• Kemin Industries announced the launch of ProPath LQ in the US market. ProPath LQ is a liquid trace mineral supplement that is designed to improve animal health and performance. This new product is expected to be a major driver of growth in the global trace minerals in feed market - April 2023
• Company Profiles
• The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are DLG Group, Global Animal Nutrition, Invivo, JH Biotech, Kemin Industries, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Trace Minerals in Feed Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global Trace Minerals in Feed Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Trace Minerals in Feed Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
• Excel data sheet for the market size will also be provided with the report.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
• The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
• The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.

Report Highlights:

• A complete analysis of the market, including the parent industry
• Important market dynamics and trends
• Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
• Market segmentation
• Competitive Analysis: Comparative analysis of competitor
• Historical, current, and projected size of the market based on value and volume
• Market size of the US states
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market