- Zinc
- Iron
- Copper
- Selenium
- Others
Animal Feed Organic Trace Mineral Market size was valued at USD 550.3 million in 2023 and projected to reach USD 935.3 million by 2030 and poised to grow at a 7.6% CAGR from 2024-2030. The market for organic substitutes is anticipated to increase as people become more conscious of the negative effects of inorganic trace minerals that contain heavy metal contamination. Organic trace minerals are vital nutrients used in trace amounts in animal feed, despite the high expense of these goods. The growing need for organic trace elements in animal feed is also attributed to several other factors, including the growing acceptance of water-soluble natural feed additives, rising meat consumption, and expanding animal feed sectors worldwide.The globalization of food consumption patterns, which is favouring animal-based proteins, is also contributing significantly to the expansion of the meat consumption industry worldwide and is expected to fuel the demand for organic trace minerals.
Animal Feed Organic Trace Mineral Market Key Developments:
- In September 2020, Bluestar Adisseo Company bought Framelco Group, a Dutch feed additive company. This strategic initiative aims to strengthen Bluestar Adisseo's position in the specialty feed components industry for animal nutrition. The acquisition aimed to use Framelco's experience to expand the specialist product area and strengthen Bluestar Adisseo's position as an industry leader.
- In July 2020, Kemin Industries has announced intentions to establish a new quality control laboratory (QC lab) at company headquarters in Des Moines, Iowa, United States. The laboratory's goal was to improve Kemin's analytical skills, ensure rigorous quality control in manufacturing activities, and retain product specificity. The release of architectural designs demonstrated Kemin's commitment to enhancing its quality assurance systems and supporting its role in the animal nutrition sector
Animal Feed Organic Trace Mineral Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
7.6%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Animal Feed Organic Trace Mineral Market Dynamics
Paradigm shift towards ethically sourced and environmentally sustainable products in the animal feed additives is expected to unlock the potential of global animal feed organic trace minerals market. These consumer expectations are reflected in the preference for organic trace minerals in animal feed, which shows a dedication to giving animals nutrition that is thought to be healthier and more natural. Producers are prompted to add organic trace minerals into animal feed formulations to match the growing demands of a discriminating market, and this consumer-driven demand is a major driving force behind the market's expansion. Organic trace minerals are essential for maximizing an animal's ability to absorb nutrients and carry out metabolic activities, which enhances growth rates, reproductive success, and general health.
Asia-Pacific Got Significant Share
Animal Feed Organic Trace Mineral Market Regional Analysis
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Asia-pacific is fastest growing region in this market, China is a significant consumer of Animal Feed Organic Trace Mineral in the Asia-Pacific area. Increased consumption of food and beverages is expected to drive market expansion during the forecast period.
China, the region's largest manufacturer of livestock feed, leads the way. The poultry and swine industries drive a high demand for organic trace minerals in animal feed. Furthermore, advances in the processing and retailing industries, a growth in chicken consumption per capita, and improved infrastructure have raised the demand for organic trace minerals in poultry production.
Latin America
Europe
Asia Pacific
Middle East
North America
Animal Feed Organic Trace Mineral Market Segmentation
By Product
By Application
- Dairy Cattle
- Beef
- Poultry
- Swine
- Aquaculture
- Pets
- Others
Geography
- North America
- USA
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Rest of Europe
- The Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia & New Zealand
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- MEA
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
Frequently Asked Questions
Animal Feed Organic Trace Mineral Market size was valued at USD 550.3 million in 2023 and projected to reach USD 935.3 million by 2030 and poised to grow at a 7.6% CAGR from 2024-2030.
Key drivers driving market growth include growing awareness of the hazards of consuming inorganic trace minerals contaminated with heavy metals.
The consumer-driven demand is a crucial driver of market expansion, driving producers to include organic trace minerals into animal feed formulas to match the changing demands of discriminating consumers.
Market research is segmented based on based on product, application, and region.
Asia pacific is estimated to fastest growing with the highest CAGR over the forecast period.
Key Features of the Reports
- The animal feed organic trace mineral market report provides granular level information about the Market size, regional Market share, historic Market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key Market developments, and key strategies.
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the Market.
- The report tracks recent innovations, key developments, and start-up details that are actively working in the Market.
- The report provides a plethora of information about Market entry strategies, regulatory framework, and reimbursement scenarios.
| 1.Executive Summary |
| 2.Global Animal Feed Organic Trace Mineral Market Introduction |
| 2.1.Global Animal Feed Organic Trace Mineral Market - Taxonomy |
| 2.2.Global Animal Feed Organic Trace Mineral Market - Definitions |
| 2.2.1.Product |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global Animal Feed Organic Trace Mineral Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Animal Feed Organic Trace Mineral Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Animal Feed Organic Trace Mineral Market By Product, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Zinc |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Iron |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Copper |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Selenium |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Others |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6.Global Animal Feed Organic Trace Mineral Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Dairy Cattle |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Beef |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Poultry |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Swine |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Aquaculture |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Pets |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Others |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 7.Global Animal Feed Organic Trace Mineral Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Animal Feed Organic Trace Mineral Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Zinc |
| 8.1.2.Iron |
| 8.1.3.Copper |
| 8.1.4.Selenium |
| 8.1.5.Others |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Dairy Cattle |
| 8.2.2.Beef |
| 8.2.3.Poultry |
| 8.2.4.Swine |
| 8.2.5.Aquaculture |
| 8.2.6.Pets |
| 8.2.7.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Animal Feed Organic Trace Mineral Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Zinc |
| 9.1.2.Iron |
| 9.1.3.Copper |
| 9.1.4.Selenium |
| 9.1.5.Others |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Dairy Cattle |
| 9.2.2.Beef |
| 9.2.3.Poultry |
| 9.2.4.Swine |
| 9.2.5.Aquaculture |
| 9.2.6.Pets |
| 9.2.7.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Animal Feed Organic Trace Mineral Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Zinc |
| 10.1.2.Iron |
| 10.1.3.Copper |
| 10.1.4.Selenium |
| 10.1.5.Others |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Dairy Cattle |
| 10.2.2.Beef |
| 10.2.3.Poultry |
| 10.2.4.Swine |
| 10.2.5.Aquaculture |
| 10.2.6.Pets |
| 10.2.7.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Animal Feed Organic Trace Mineral Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Zinc |
| 11.1.2.Iron |
| 11.1.3.Copper |
| 11.1.4.Selenium |
| 11.1.5.Others |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Dairy Cattle |
| 11.2.2.Beef |
| 11.2.3.Poultry |
| 11.2.4.Swine |
| 11.2.5.Aquaculture |
| 11.2.6.Pets |
| 11.2.7.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Animal Feed Organic Trace Mineral Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Zinc |
| 12.1.2.Iron |
| 12.1.3.Copper |
| 12.1.4.Selenium |
| 12.1.5.Others |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Dairy Cattle |
| 12.2.2.Beef |
| 12.2.3.Poultry |
| 12.2.4.Swine |
| 12.2.5.Aquaculture |
| 12.2.6.Pets |
| 12.2.7.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Alltech Inc. |
| 13.2.2.Biochem |
| 13.2.3.Tanke International Group |
| 13.2.4.Mercer Milling Co. Inc. |
| 13.2.5.Novus International Inc. |
| 13.2.6.Nutrco NV |
| 13.2.7.Pancosma SA |
| 13.2.8.Royal DSM NV |
| 13.2.9.Zinpro Corp. |
| 13.2.10.Kemin Industries Inc |
| 13.2.11.Cargill Inc. |
| 13.2.12.Archer Daniels Midland Co. |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
- Alltech Inc.
- Biochem
- Tanke International Group
- Mercer Milling Co. Inc.
- Novus International Inc.
- Nutrco NV
- Pancosma SA
- Royal DSM NV
- Zinpro Corp.
- Kemin Industries Inc
- Cargill Inc.
- Archer Daniels Midland Co.