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Report Overview
The global zinc micronutrient for animal feed market, 64.214 KMT in 2023, is projected to grow at a 4.36% CAGR, reaching 82.826 KMT by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Zinc Micronutrient for Animal Feed Market Size
The global zinc micronutrient for animal feed market was around 64.214 KMT in 2023. It is estimated to grow at a CAGR of 4.36% between 2024 and 2032 to reach a volume of 82.826 KMT by 2032.
Key Takeaways
- In 2022, the world feed production reached a volume of 1.266 billion tonnes.
- Micronutrients such as zinc when added to feed help improve reproduction, health, and general performance of animals.
- The growing awareness of the advantages of utilising feed additives to prevent diseases is increasing the use of zinc micronutrient.
Animal performance and general well-being are enhanced by zinc. While severe zinc deficiency can cause skin parakeratosis, reduced growth, general debility, increased susceptibility to infection, and lethargy, adding zinc to animal feed can aid in protein synthesis, carbohydrate metabolism, and other biochemical reactions.
Increasing focus on animal health along with the rising demand for protein-rich animal-based food products is increasing the use of zinc micronutrients in animal feed to boost their immunity and promote growth.
Zinc Micronutrient for Animal Feed Market Report Snapshots
Zinc Micronutrient for Animal Feed Market Size
Zinc Micronutrient for Animal Feed Market Trends
Zinc Micronutrient for Animal Feed Companies
Zinc Micronutrient for Animal Feed Market Regional Analysis
*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
The market reached a volume of 64.214 KMT in 2023.
The market is expected to grow at a CAGR of 4.36% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 82.826 KMT by 2032.
The different species include poultry, swine, dairy, aqua, ruminants, equine, and others.
The key regional markets for zinc micronutrient for animal feed are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The factors driving the growth of the market are the increasing consumption of meat and dairy products amidst the rising food demands, increasing health concerns, growing importance of animal health, and the use of nano zinc.
Animals require zinc as a vital nutrient because it plays a critical role in various metabolic processes, including protein synthesis, glucose metabolism, and many others. As a result, zinc is a popular micronutrient for animal feed.
The key players in the market include Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH, Animine, S.A.S.U., Alltech Inc, Novus International, Inc., Balchem Corporation, Zinpro Corporation, Norel SA, and Trouw Nutrition, among others.
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