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Trace Minerals for Animal Feed-Global Market Insights and Sales Trends 2024
Synopsis
Organic trace minerals are minerals used in small quantities, which are formed by attaching inorganic trace minerals to organic molecules such as amino acids or polysaccharides. The organic molecules used in the formation of organic trace minerals are called chelates. Though only small quantities of organic trace minerals are added to animal feed, they play an important role in maintaining the animal's health. The chelates in these minerals prevent the trace minerals from interacting with other minerals and feed components in the animals' bodies, thereby enhancing the absorption of the trace minerals. The bioavailability of organic trace minerals is higher than that of inorganic trace minerals. As a result, organic trace minerals are increasingly preferred over inorganic trace minerals in the animal feed segment.
The global Trace Minerals for Animal Feed market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Trace Minerals for Animal Feed in various end use industries. The expanding demands from the Ruminant, Poultry, Aquatic Animals and Others, are propelling Trace Minerals for Animal Feed market. Iron, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Zinc segment is estimated at % CAGR for the next seven-year period.
According to Our PET Supplies Research Center, the global pet industry reached $ 261 billion in 2022, a year-on-year increase of 11.3%. The United States gains the highest pet penetration rate and becomes the largest pet market. According to the American Pet Products Association (APPA), 66% of American households keep pets, and the total industry sales was about US$136.8 billion, an increase of 10.8% over 2021. According to IVH, the German pet products industry association, the number of pets in Germany reached 33.4 million in 2022, with a total turnover of nearly €6.5 billion. The 2023 China Pet Industry Trend Insight White Paper released by JD shows that the market size of the four major pet physical commodities is increasing year by year: pet supplies account for 45%, pet staple food accounts for nearly 35%, pet snacks account for 12%, and pet medicine and health care account for 216%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Trace Minerals for Animal Feed, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Trace Minerals for Animal Feed market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Trace Minerals for Animal Feed market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Trace Minerals for Animal Feed sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Trace Minerals for Animal Feed covered in this report include Kemin, Novus, Pancosma, Zinpro, Cargill and Archer Daniels Midland, etc.
The global Trace Minerals for Animal Feed market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Kemin
Novus
Pancosma
Zinpro
Cargill
Archer Daniels Midland
Global Trace Minerals for Animal Feed market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Trace Minerals for Animal Feed market, Segment by Type:
Iron
Zinc
Copper
Others
Global Trace Minerals for Animal Feed market, by Application
Ruminant
Poultry
Aquatic Animals
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Trace Minerals for Animal Feed manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Trace Minerals for Animal Feed in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Organic trace minerals are minerals used in small quantities, which are formed by attaching inorganic trace minerals to organic molecules such as amino acids or polysaccharides. The organic molecules used in the formation of organic trace minerals are called chelates. Though only small quantities of organic trace minerals are added to animal feed, they play an important role in maintaining the animal's health. The chelates in these minerals prevent the trace minerals from interacting with other minerals and feed components in the animals' bodies, thereby enhancing the absorption of the trace minerals. The bioavailability of organic trace minerals is higher than that of inorganic trace minerals. As a result, organic trace minerals are increasingly preferred over inorganic trace minerals in the animal feed segment.
The global Trace Minerals for Animal Feed market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Trace Minerals for Animal Feed in various end use industries. The expanding demands from the Ruminant, Poultry, Aquatic Animals and Others, are propelling Trace Minerals for Animal Feed market. Iron, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Zinc segment is estimated at % CAGR for the next seven-year period.
According to Our PET Supplies Research Center, the global pet industry reached $ 261 billion in 2022, a year-on-year increase of 11.3%. The United States gains the highest pet penetration rate and becomes the largest pet market. According to the American Pet Products Association (APPA), 66% of American households keep pets, and the total industry sales was about US$136.8 billion, an increase of 10.8% over 2021. According to IVH, the German pet products industry association, the number of pets in Germany reached 33.4 million in 2022, with a total turnover of nearly €6.5 billion. The 2023 China Pet Industry Trend Insight White Paper released by JD shows that the market size of the four major pet physical commodities is increasing year by year: pet supplies account for 45%, pet staple food accounts for nearly 35%, pet snacks account for 12%, and pet medicine and health care account for 216%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Trace Minerals for Animal Feed, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Trace Minerals for Animal Feed market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Trace Minerals for Animal Feed market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Trace Minerals for Animal Feed sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Trace Minerals for Animal Feed covered in this report include Kemin, Novus, Pancosma, Zinpro, Cargill and Archer Daniels Midland, etc.
The global Trace Minerals for Animal Feed market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Kemin
Novus
Pancosma
Zinpro
Cargill
Archer Daniels Midland
Global Trace Minerals for Animal Feed market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Trace Minerals for Animal Feed market, Segment by Type:
Iron
Zinc
Copper
Others
Global Trace Minerals for Animal Feed market, by Application
Ruminant
Poultry
Aquatic Animals
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Trace Minerals for Animal Feed manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Trace Minerals for Animal Feed in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Trace Minerals for Animal Feed Market Overview
1.1 Trace Minerals for Animal Feed Product Overview
1.2 Trace Minerals for Animal Feed Market Segment by Type
1.2.1 Iron
1.2.2 Zinc
1.2.3 Copper
1.2.4 Others
1.3 Global Trace Minerals for Animal Feed Market Size by Type
1.3.1 Global Trace Minerals for Animal Feed Market Size Overview by Type (2018-2029)
1.3.2 Global Trace Minerals for Animal Feed Historic Market Size Review by Type (2018-2023)
1.3.3 Global Trace Minerals for Animal Feed Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Trace Minerals for Animal Feed Sales Breakdown by Type (2018-2023)
1.4.2 Europe Trace Minerals for Animal Feed Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Trace Minerals for Animal Feed Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Trace Minerals for Animal Feed Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Trace Minerals for Animal Feed Sales Breakdown by Type (2018-2023)
2 Global Trace Minerals for Animal Feed Market Competition by Company
2.1 Global Top Players by Trace Minerals for Animal Feed Sales (2018-2023)
2.2 Global Top Players by Trace Minerals for Animal Feed Revenue (2018-2023)
2.3 Global Top Players by Trace Minerals for Animal Feed Price (2018-2023)
2.4 Global Top Manufacturers Trace Minerals for Animal Feed Manufacturing Base Distribution, Sales Area, Product Type
2.5 Trace Minerals for Animal Feed Market Competitive Situation and Trends
2.5.1 Trace Minerals for Animal Feed Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Trace Minerals for Animal Feed Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Trace Minerals for Animal Feed as of 2022)
2.7 Date of Key Manufacturers Enter into Trace Minerals for Animal Feed Market
2.8 Key Manufacturers Trace Minerals for Animal Feed Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Trace Minerals for Animal Feed Status and Outlook by Region
3.1 Global Trace Minerals for Animal Feed Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Trace Minerals for Animal Feed Historic Market Size by Region
3.2.1 Global Trace Minerals for Animal Feed Sales in Volume by Region (2018-2023)
3.2.2 Global Trace Minerals for Animal Feed Sales in Value by Region (2018-2023)
3.2.3 Global Trace Minerals for Animal Feed Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Trace Minerals for Animal Feed Forecasted Market Size by Region
3.3.1 Global Trace Minerals for Animal Feed Sales in Volume by Region (2024-2029)
3.3.2 Global Trace Minerals for Animal Feed Sales in Value by Region (2024-2029)
3.3.3 Global Trace Minerals for Animal Feed Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Trace Minerals for Animal Feed by Application
4.1 Trace Minerals for Animal Feed Market Segment by Application
4.1.1 Ruminant
4.1.2 Poultry
4.1.3 Aquatic Animals
4.1.4 Others
4.2 Global Trace Minerals for Animal Feed Market Size by Application
4.2.1 Global Trace Minerals for Animal Feed Market Size Overview by Application (2018-2029)
4.2.2 Global Trace Minerals for Animal Feed Historic Market Size Review by Application (2018-2023)
4.2.3 Global Trace Minerals for Animal Feed Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Trace Minerals for Animal Feed Sales Breakdown by Application (2018-2023)
4.3.2 Europe Trace Minerals for Animal Feed Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Trace Minerals for Animal Feed Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Trace Minerals for Animal Feed Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Trace Minerals for Animal Feed Sales Breakdown by Application (2018-2023)
5 North America Trace Minerals for Animal Feed by Country
5.1 North America Trace Minerals for Animal Feed Historic Market Size by Country
5.1.1 North America Trace Minerals for Animal Feed Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Trace Minerals for Animal Feed Sales in Volume by Country (2018-2023)
5.1.3 North America Trace Minerals for Animal Feed Sales in Value by Country (2018-2023)
5.2 North America Trace Minerals for Animal Feed Forecasted Market Size by Country
5.2.1 North America Trace Minerals for Animal Feed Sales in Volume by Country (2024-2029)
5.2.2 North America Trace Minerals for Animal Feed Sales in Value by Country (2024-2029)
6 Europe Trace Minerals for Animal Feed by Country
6.1 Europe Trace Minerals for Animal Feed Historic Market Size by Country
6.1.1 Europe Trace Minerals for Animal Feed Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Trace Minerals for Animal Feed Sales in Volume by Country (2018-2023)
6.1.3 Europe Trace Minerals for Animal Feed Sales in Value by Country (2018-2023)
6.2 Europe Trace Minerals for Animal Feed Forecasted Market Size by Country
6.2.1 Europe Trace Minerals for Animal Feed Sales in Volume by Country (2024-2029)
6.2.2 Europe Trace Minerals for Animal Feed Sales in Value by Country (2024-2029)
7 Asia-Pacific Trace Minerals for Animal Feed by Region
7.1 Asia-Pacific Trace Minerals for Animal Feed Historic Market Size by Region
7.1.1 Asia-Pacific Trace Minerals for Animal Feed Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Trace Minerals for Animal Feed Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Trace Minerals for Animal Feed Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Trace Minerals for Animal Feed Forecasted Market Size by Region
7.2.1 Asia-Pacific Trace Minerals for Animal Feed Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Trace Minerals for Animal Feed Sales in Value by Region (2024-2029)
8 Latin America Trace Minerals for Animal Feed by Country
8.1 Latin America Trace Minerals for Animal Feed Historic Market Size by Country
8.1.1 Latin America Trace Minerals for Animal Feed Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Trace Minerals for Animal Feed Sales in Volume by Country (2018-2023)
8.1.3 Latin America Trace Minerals for Animal Feed Sales in Value by Country (2018-2023)
8.2 Latin America Trace Minerals for Animal Feed Forecasted Market Size by Country
8.2.1 Latin America Trace Minerals for Animal Feed Sales in Volume by Country (2024-2029)
8.2.2 Latin America Trace Minerals for Animal Feed Sales in Value by Country (2024-2029)
9 Middle East and Africa Trace Minerals for Animal Feed by Country
9.1 Middle East and Africa Trace Minerals for Animal Feed Historic Market Size by Country
9.1.1 Middle East and Africa Trace Minerals for Animal Feed Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Trace Minerals for Animal Feed Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Trace Minerals for Animal Feed Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Trace Minerals for Animal Feed Forecasted Market Size by Country
9.2.1 Middle East and Africa Trace Minerals for Animal Feed Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Trace Minerals for Animal Feed Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Kemin
10.1.1 Kemin Company Information
10.1.2 Kemin Introduction and Business Overview
10.1.3 Kemin Trace Minerals for Animal Feed Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Kemin Trace Minerals for Animal Feed Products Offered
10.1.5 Kemin Recent Development
10.2 Novus
10.2.1 Novus Company Information
10.2.2 Novus Introduction and Business Overview
10.2.3 Novus Trace Minerals for Animal Feed Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Novus Trace Minerals for Animal Feed Products Offered
10.2.5 Novus Recent Development
10.3 Pancosma
10.3.1 Pancosma Company Information
10.3.2 Pancosma Introduction and Business Overview
10.3.3 Pancosma Trace Minerals for Animal Feed Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Pancosma Trace Minerals for Animal Feed Products Offered
10.3.5 Pancosma Recent Development
10.4 Zinpro
10.4.1 Zinpro Company Information
10.4.2 Zinpro Introduction and Business Overview
10.4.3 Zinpro Trace Minerals for Animal Feed Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Zinpro Trace Minerals for Animal Feed Products Offered
10.4.5 Zinpro Recent Development
10.5 Cargill
10.5.1 Cargill Company Information
10.5.2 Cargill Introduction and Business Overview
10.5.3 Cargill Trace Minerals for Animal Feed Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Cargill Trace Minerals for Animal Feed Products Offered
10.5.5 Cargill Recent Development
10.6 Archer Daniels Midland
10.6.1 Archer Daniels Midland Company Information
10.6.2 Archer Daniels Midland Introduction and Business Overview
10.6.3 Archer Daniels Midland Trace Minerals for Animal Feed Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Archer Daniels Midland Trace Minerals for Animal Feed Products Offered
10.6.5 Archer Daniels Midland Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Trace Minerals for Animal Feed Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Trace Minerals for Animal Feed Industrial Chain Analysis
11.4 Trace Minerals for Animal Feed Market Dynamics
11.4.1 Trace Minerals for Animal Feed Industry Trends
11.4.2 Trace Minerals for Animal Feed Market Drivers
11.4.3 Trace Minerals for Animal Feed Market Challenges
11.4.4 Trace Minerals for Animal Feed Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Trace Minerals for Animal Feed Distributors
12.3 Trace Minerals for Animal Feed Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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