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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Animal Feed Organic Trace Minerals Market Outlook

The animal feed organic trace minerals market size was approximately USD 693.33 million in 2023 and is projected to grow over the forecast period 2024-2032 at a CAGR of 8.60%. 

Animal Feed Organic Trace Minerals Market

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Properties and Applications

Iron, copper, zinc, manganese, chromium, and selenium are common organically bound trace minerals used in animal nutrition. It is reported that the addition of organic mineral complexes will improve the production of animals. The animal feed organic trace minerals industry can be divided on the basis of segments like product, livestock, and mineral type. The industry can be broadly categorised based on product into:

Global Animal Feed Organic Trace Minerals Market By Product

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  • Organic 
  • Inorganic
  • Others

The industry can be divided based on livestock as:

  • Livestock
  • Ruminants
  • Poultry
  • Swine
  • Others

The industry can be segmented based on mineral type as:

  • Zinc
  • Iron
  • Manganese
  • Copper
  • Others

The EMR report looks into the regional markets of animal feed organic trace minerals like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.

Global Animal Feed Organic Trace Minerals Market By Region

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Animal Feed Organic Trace Minerals Market Analysis

Factors encouraging the use of organic trace minerals are the increasing use of water-soluble natural feed-added materials, increased meat consumption, and the growth of the animal feed industry worldwide. For example, a change in the trend of food consumption, which involves the promotion of proteins from animal sources, plays a major role in the global growth of meat consumption. It is projected that increased outbreaks of animal diseases such as Avian Influenza (AI) will hamper the global market growth in the recent years. Poultry is one of the most susceptible to disease outbreaks within the industry. In 2016, the AI outbreaks in the United States reached over 47 million poultry birds, such as turkey and chicken. Therefore, reducing the after-effects of such outbreaks is a major challenge facing manufacturers and worldwide governing bodies. New opportunities for industrial development were generated by increasing research and development activities to optimize specific functions of organic trace minerals — for example, usage of zinc to strengthen poultry and copper eggshells to boost egg fertility.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global animal feed organic trace minerals industry, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Alltech
  • BASF SE
  • Cargill, Incorporated
  • Kemin Industries, Inc.
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Livestock
  • Mineral Type
  • Region
Breakup by Product
  • Organic
  • Inorganic
  • Others
Breakup by Livestock
  • Livestock
  • Ruminants
  • Poultry
  • Swine
  • Others
Breakup by Mineral Type
  • Zinc
  • Iron
  • Manganese
  • Copper
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Alltech
  • BASF SE
  • Cargill, Incorporated
  • Kemin Industries, Inc.
  • Others
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*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 2023, the global animal feed organic trace minerals market attained a value of nearly USD 693.33 million.

The market is projected to grow at a CAGR of 8.60% between 2024 and 2032.

The major drivers of the market include the increasing use of water-soluble natural feed-added materials and the growth of the animal feed industry worldwide.

A change in the trend of food consumption, which involves the promotion of proteins from animal sources, and growing popularity of organic animal feeds are the key trends propelling the growth of the market.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major product types of animal feed organic trace minerals are organic, and inorganic, among others.

Zinc, iron, manganese, and copper, among others are the significant mineral types of animal feed organic trace minerals.

Livestock, ruminants, poultry, and swine, among others are the common livestock in the animal feed organic trace minerals market.

The major players in the market are Alltech, BASF SE, Cargill, Incorporated, and Kemin Industries, Inc., among others.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124