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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
Zinc Micronutrient for Animal Feed Market Trends
The need for increasing resilience and robustness of the food supply in the wake of the growing global population is enhancing the focus on optimal animal health and nutrition. Additionally, livestock farming is a significant activity in countries of Latin America, Africa, and the Asia Pacific, which is further propelling their focus on animal health. These factors are likely to surge the incorporation of zinc in animal feed to enhance animal growth, performance, and health.
Individuals are increasingly consuming animal-protein to maintain a healthy lifestyle, which demands protein-rich food products. This adds to the demand for zinc micronutrient to improve feed consistency and overall animal health.
Rising incorporation of premixes
There is a rising incorporation of premixes in animal feed to enhance growth performance and metabolic activities by providing them with a balanced diet. This further aids the demand for zinc micronutrient.
Increasing consumption of animal-based food products
The rising health consciousness and economic growth are increasing the consumption of meat, poultry, and dairy, increasing the addition of zinc in animal feed.
Global increase in consumption of fish
The consumption of fish and sea food is rising, and according to forecasts by the Organisation for Economic Co-operation and Development (OECD), by 2029, 90% of the produced fish will be consumed. This is expected to potentially increase the demand for zinc micronutrient for fish feed.
Nano zinc as an alternative to conventional zinc
Advancements in nanoscience in the field of mineral nutrition and increasing research activities to find optimal nano zinc levels for animal feed rations to provide economic benefits and enhanced performance are increasing the use of nano zinc in animal feed.
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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