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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Animal Feed Micronutrients Market Growth
The increasing concerns over animal health and the prevalence of diseases like beriberi and scurvy due to nutritional deficiency worldwide are leading to the steady growth of the animal feed micronutrients market. Micronutrients play a critical role in improving animal health, and the growing dependency of the global population on animal products, like eggs, milk, and meat, among others, is leading to the rising demand for micronutrients in animal feed. The development of the animal husbandry sector in emerging countries is contributing to the market expansion. Additionally, the government initiatives to support the livestock sector and promote animal health in order to meet the increasing food security concerns are aiding the market growth. Further, the rising spending on livestock farming and the new product launches by the leading market players to expand their product portfolio of animal health and nutrition are expected to augment the market over the forecast period.
Animal Feed Micronutrients Market Report Snapshots
Animal Feed Micronutrients Market Size
Animal Feed Micronutrients Market Growth
Animal Feed Micronutrients Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2021, the global animal feed micronutrients market attained a value of nearly USD 1.65 billion.
The market is assessed to grow at a CAGR of 6.20% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach almost USD 2.37 billion by 2027.
The major market drivers include the rising demand for manganese in animal feed, increasing focus on animal health and nutrition, increasing livestock population in developing countries, and increasing government expenditure on the development of the livestock sector.
The key trends guiding the growth of the market include the growing dependency of the global population on animal products, growing prevalence of diseases due to nutritional deficiency, and new product launches by market players.
The major regions are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant products of animal feed micronutrients include manganese, iron, boron, zinc, and copper, among others.
The various applications of animal feed micronutrients include ruminants, swine, poultry, equine, and aqua, among others.
The major players in the market are Cargill Incorporated, Nutreco N.V., Kemin Industries, Inc., Archer Daniels Midland Company, Lallemand Inc., and Aries Agro Limited., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124