Animal Feed Organic Trace Minerals Market Report
RA04010
Animal Feed Organic Trace Minerals Market by Product (Zinc, Copper, Iron, Selenium, and Others), Application (Dairy Cattles, Horses, Poultry, Pigs, and Others), and Region (North America, Europe, Asia-Pacific, and LAMEA): Opportunity Analysis and Industry Forecast, 2023-2032
Animal Feed Organic Trace Minerals Overview
Animal feed organic trace minerals refer to essential minerals that are required by animals in small quantities for their optimal growth, development, and overall health. Organic trace minerals, in the context of animal feed, are those that are bound to organic molecules, such as amino acids or peptides. These organic complexes make it easier for animals to absorb and utilize the minerals effectively compared to inorganic forms.
Common organic trace minerals used in animal feed include organic forms of zinc, copper, manganese, iron, selenium, and cobalt. The common organic trace minerals for cattle, swine, aqua and poultry nutrition are iron, zinc, copper, manganese, selenium, and chromium.
Global Animal Feed Organic Trace Minerals Market Analysis
The global animal feed organic trace minerals market size was $710.83 million in 2022 and is predicted to grow with a CAGR of 7.80%, by generating a revenue of $1460.49 million by 2032.
COVID-19 Impact on Global Animal Feed Organic Trace Minerals Market
COVID-19 caused disruptions in transportation and trade and affected the global supply chain of animal feed ingredients, including organic trace minerals. Restrictions on movement and labor shortages impacted the production, distribution, and availability of feed additives. The pandemic led to changes in consumer behavior and food consumption patterns. For instance, the closure of restaurants and hotels resulted in decreased demand for certain animal products, while increased home consumption impacted demand differently for other types of animal feed. The pandemic triggered an economic recession in many parts of the world. As a result, farmers and producers faced financial challenges, leading to adjustments in feed formulations and potential shifts in the use of certain feed additives, including organic trace minerals.
In post pandemic, as countries recovered from the pandemic, the animal feed industry, including organic trace minerals is stabilized. Demand for animal products is rebounded, driving the need for quality feed with essential nutrients like organic trace minerals. The pandemic highlighted the importance of a robust food supply chain and animal health. Post-pandemic, there is increased awareness and emphasis on improving animal nutrition, including the use of organic trace minerals to enhance the immune systems and overall health of livestock. The pandemic has also accelerated consumer interest in sustainable and clean-label products. This trend extended to animal agriculture, leading to increased demand for feed formulations with organic and natural ingredients, including organic trace minerals.
Growing Usage of Animal Feed Organic Trace Minerals among Agriculturists and Animal Producers to Drive the Market Growth
The significance of animal health and welfare is increasing awareness among agriculturists and animal producers. Organic trace minerals are easily absorbed by animals, and they are more bio-available, which leads to improved overall well-being, better immune function, and enhanced growth rates. As a result, there is a rising demand for feed additives that can optimize animal well-being and performance. Consumers are increasingly looking for high-quality and safe animal products, such as meat, milk, and eggs. Proper nourishment plays a significant part in creating healthy animals and safe food. Organic trace minerals help in achieving better nutrient utilization and bioavailability in animals, leading to improved product quality and safety. The worldwide population is continuously increasing, leading to a higher demand for animal-based protein sources. As a result, the livestock and aquaculture businesses have expanded to meet this demand. To maximize productivity and benefit, producers are seeking efficient and sustainable ways to improve animal health and performance, driving the demand for organic trace minerals.
Cost of Production associated with Animal Feed Organic Trace Minerals to Restrain Market Growth
Organic trace minerals tend to be more expensive than their inorganic counterparts. The cost of production and the technology required for their synthesis can result in higher prices for animal feed products containing organic trace minerals. This increased cost may limit their widespread adoption, especially in price-sensitive markets. Despite the benefits of organic trace minerals in animal nutrition, there might be limited awareness among farmers, producers, and consumers about their advantages over inorganic forms. Lack of knowledge about their potential benefits and proper usage might hinder market growth. The regulatory environment for feed additives, including organic trace minerals, can be complex and vary across different regions and countries. Stringent approval processes and compliance requirements may pose challenges for market players, leading to delays in product launches and market entry. Inorganic trace minerals are widely available and have been used in animal feed for a long time. While organic trace minerals offer potential advantages, the well-established market for inorganic alternatives can pose strong competition, especially if price remains a significant factor for buyers.
Advancements in Animal Nutrition Drive Excellent Opportunities
Consumers and producers are increasingly seeking sustainable and environmentally friendly solutions. Organic trace minerals fit well with the clean-label trend, as they are derived from natural sources and have reduced environmental impact compared to some inorganic mineral sources. Animal welfare concerns are driving the need for improved animal nutrition. Organic trace minerals can contribute to better immune function and overall health in livestock, leading to improved welfare and reduced need for antibiotics or other interventions. Ongoing research and technological advancements in animal nutrition are paving the way for better understanding of mineral utilization and absorption. New innovations and formulations incorporating organic trace minerals can optimize animal diets and improve feed efficiency. Precision livestock farming uses technology to monitor and manage individual animals, optimizing their health and productivity. Organic trace minerals can be precisely dosed and delivered based on individual animal needs, leading to more efficient and targeted supplementation. The pet food sector is expanding as pet ownership increases worldwide. Organic trace minerals can also find applications in pet food formulations to enhance the health and well-being of companion animals.
Global Animal Feed Organic Trace Minerals Market Share, by Product, 2022
The zinc sub-segment accounted for the highest share in 2022. Organic forms of trace minerals, including organic zinc, are believed to have higher bioavailability compared to inorganic forms. This means that animals can absorb and utilize organic zinc more efficiently, resulting in better overall performance and health. Zinc is known to support the immune system, skin health, and reproductive function in animals. Providing organic zinc in animal feed is believed to enhance these health benefits further. In some regions, there are limitations on the use of inorganic trace minerals in animal feed due to environmental concerns. Organic forms, such as organic zinc, are considered more environmentally friendly and can be used as a viable alternative.
Global Animal Feed Organic Trace Minerals Market Share, by Application, 2022
The poultry sub-segment accounted for the highest share in 2022. Based on application, the poultry category witnessed the largest animal feed organic trace minerals market share because poultry is the most common type of meat consumed worldwide. Organic trace minerals are bound to organic molecules, such as amino acids, and peptides. This chelation process improves their solidness and solubility in the digestive tract, resulting in better absorption and utilization by the poultry. This means that the birds can obtain more of the essential minerals from the feed, leading to improved overall health and performance. Organic trace minerals play a crucial part in different physiological forms, including enzyme actuation, immune function, and bone development. By giving these minerals in organic forms, poultry producers can ensure that the birds get the proper supplements to support optimal growth and improvement all through their life stages. Organic trace minerals have appeared to have positive effects on the immune system of poultry.
Global Animal Feed Organic Trace Minerals Market Share, by Region, 2022
The Asia Pacific animal feed organic trace minerals market accounted for the highest share in 2022. The greatest market for animal feed organic trace minerals is in the Asia Pacific region, which supplies a sizeable portion of the world's demand. Increasing utilization of food-added additives, like vitamins, carotenoids, and enzymes is anticipated to produce opportunities for animal feed organic trace minerals producers which are anticipated to fuel market growth in the future. Also, government initiatives to support the production of feed with better quality are expected to drive market growth. Moreover, the presence of numerous producers in the region is expected to have a positive impact on market growth in the years to come.
Competitive Scenario in the Global Animal Feed Organic Trace Minerals Market
There are several major players functioning in the highly competitive global animal feed organic trace minerals market. To increase their market presence and boost their product portfolios, companies continuously invest in research and development to develop new and improved organic trace mineral products. Some of the leading animal feed organic trace minerals market players are Alltech Inc., Archer Daniels Midland Co., Biochem, Kemin Industries Inc, Tanke International Group, Nutrco NV, Cargill Inc., Mercer Milling Co. Inc., Pancosma SA, and Novus International Inc.
| Aspect | Particulars |
| Historical Market Estimations | 2021 |
| Base Year for Market Estimation | 2022 |
| Forecast Timeline for Market Projection | 2023-2032 |
| Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
| Segmentation by Product |
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| Segmentation by Application |
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| Key Companies Profiled |
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Q1. What is the size of the animal feed organic trace minerals market?
A. The size of the animal feed organic trace minerals market was over $710.83 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.80% from 2023 to 2032.
Q2. Which are the major companies in the animal feed organic trace minerals market?
A. Alltech Inc., Archer Daniels Midland Co., and Biochem are some of the key players in the global animal feed organic trace minerals market.
Q3. Which region, among others, possesses greater investment opportunities in the near future?
A. The Asia-Pacific region possesses great investment opportunities for investors in the future.
Q4. What are the strategies opted by the leading players in this market?
A. Product innovation and market expansion are the two key strategies opted by the operating companies in this market.
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1. RESEARCH METHODOLOGY
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.5. Market size estimation
1.5.1. Top-down approach
1.5.2. Bottom-up approach
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2. REPORT SCOPE
2.1. Market definition
2.2. Key objectives of the study
2.3. Report overview
2.4. Market segmentation
2.5. Overview of the impact of COVID-19 on Global Animal Feed Organic Trace Minerals Market
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3. EXECUTIVE SUMMARY
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4. MARKET OVERVIEW
4.1. Introduction
4.2. Growth impact forces
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Market value chain analysis
4.3.1. List of raw material suppliers
4.3.2. List of manufacturers
4.3.3. List of distributors
4.4. Innovation & sustainability matrices
4.4.1. Technology matrix
4.4.2. Regulatory matrix
4.5. Porter’s five forces analysis
4.5.1. Bargaining power of suppliers
4.5.2. Bargaining power of consumers
4.5.3. Threat of substitutes
4.5.4. Threat of new entrants
4.5.5. Competitive rivalry intensity
4.6. PESTLE analysis
4.6.1. Political
4.6.2. Economical
4.6.3. Social
4.6.4. Technological
4.6.5. Environmental
4.7. Impact of COVID-19 on Animal Feed Organic Trace Minerals Market
4.7.1. Pre-covid market scenario
4.7.2. Post-covid market scenario
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5. Animal Feed Organic Trace Minerals Market, By Product
5.1. Overview
5.2 Zinc
5.2.1 Definition, key trends, growth factors, and opportunities
5.2.2 Market size analysis, by region, 2020-2027
5.2.3 Market share analysis, by country, 2020-2027
5.3 Iron
5.3.1 Definition, key trends, growth factors, and opportunities
5.3.2 Market size analysis, by region, 2020-2027
5.3.3 Market share analysis, by country, 2020-2027
5.4 Copper
5.4.1 Definition, key trends, growth factors, and opportunities
5.4.2 Market size analysis, by region, 2020-2027
5.4.3 Market share analysis, by country, 2020-2027
5.5 Selenium
5.5.1 Definition, key trends, growth factors, and opportunities
5.5.2 Market size analysis, by region, 2020-2027
5.5.3 Market share analysis, by country, 2020-2027
5.6 Others
5.6.1 Definition, key trends, growth factors, and opportunities
5.6.2 Market size analysis, by region, 2020-2027
5.6.3 Market share analysis, by country, 2020-2027
5.7 Research Dive Exclusive Insights
5.7.1 Market attractiveness
5.7.2 Competition heatmap
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6. Animal Feed Organic Trace Minerals Market, By Application
6.1. Overview
6.2 Dairy Cattle
6.2.1 Definition, key trends, growth factors, and opportunities
6.2.2 Market size analysis, by region, 2020-2027
6.2.3 Market share analysis, by country, 2020-2027
6.3 Poultry
6.3.1 Definition, key trends, growth factors, and opportunities
6.3.2 Market size analysis, by region, 2020-2027
6.3.3 Market share analysis, by country, 2020-2027
6.4 Horses
6.4.1 Definition, key trends, growth factors, and opportunities
6.4.2 Market size analysis, by region, 2020-2027
6.4.3 Market share analysis, by country, 2020-2027
6.5 Pigs
6.5.1 Definition, key trends, growth factors, and opportunities
6.5.2 Market size analysis, by region, 2020-2027
6.5.3 Market share analysis, by country, 2020-2027
6.6 Others
6.6.1 Definition, key trends, growth factors, and opportunities
6.6.2 Market size analysis, by region, 2020-2027
6.6.3 Market share analysis, by country, 2020-2027
6.7 Research Dive Exclusive Insights
6.7.1 Market attractiveness
6.7.2 Competition heatmap
7. Animal Feed Organic Trace Minerals Market, By Region
7.1 North America
7.1.1 U.S
7.1.1.1 Market size analysis, By Product, 2020-2027
7.1.1.2 Market size analysis, By Application, 2020-2027
7.1.2 Canada
7.1.2.1 Market size analysis, By Product, 2020-2027
7.1.2.2 Market size analysis, By Application, 2020-2027
7.1.3 Mexico
7.1.3.1 Market size analysis, By Product, 2020-2027
7.1.3.2 Market size analysis, By Application, 2020-2027
7.1.4 Research Dive Exclusive Insights
7.1.4.1 Market attractiveness
7.1.4.2 Competition heatmap
7.2 Europe
7.2.1 Germany
7.2.1.1 Market size analysis, By Product, 2020-2027
7.2.1.2 Market size analysis, By Application, 2020-2027
7.2.2 UK
7.2.2.1 Market size analysis, By Product, 2020-2027
7.2.2.2 Market size analysis, By Application, 2020-2027
7.2.3 France
7.2.3.1 Market size analysis, By Product, 2020-2027
7.2.3.2 Market size analysis, By Application, 2020-2027
7.2.4 Spain
7.2.4.1 Market size analysis, By Product, 2020-2027
7.2.4.2 Market size analysis, By Application, 2020-2027
7.2.5 Italy
7.2.5.1 Market size analysis, By Product, 2020-2027
7.2.5.2 Market size analysis, By Application, 2020-2027
7.2.6 Rest of Europe
7.2.6.1 Market size analysis, By Product, 2020-2027
7.2.6.2 Market size analysis, By Application, 2020-2027
7.2.7 Research Dive Exclusive Insights
7.2.7.1 Market attractiveness
7.2.7.2 Competition heatmap
7.3 Asia-Pacific
7.3.1 China
7.3.1.1 Market size analysis, By Product, 2020-2027
7.3.1.2 Market size analysis, By Application, 2020-2027
7.3.2 Japan
7.3.2.1 Market size analysis, By Product, 2020-2027
7.3.2.2 Market size analysis, By Application, 2020-2027
7.3.3 India
7.3.3.1 Market size analysis, By Product, 2020-2027
7.3.3.2 Market size analysis, By Application, 2020-2027
7.3.4 Australia
7.3.4.1 Market size analysis, By Product, 2020-2027
7.3.4.2 Market size analysis, By Application, 2020-2027
7.3.5 South Korea
7.3.5.1 Market size analysis, By Product, 2020-2027
7.3.5.2 Market size analysis, By Application, 2020-2027
7.3.6 Rest of Asia-Pacific
7.3.6.1 Market size analysis, By Product, 2020-2027
7.3.6.2 Market size analysis, By Application, 2020-2027
7.3.7 Research Dive Exclusive Insights
7.3.7.1 Market attractiveness
7.3.7.2 Competition heatmap
7.4 LAMEA
7.4.1 Brazil
7.4.1.1 Market size analysis, By Product, 2020-2027
7.4.1.2 Market size analysis, By Application, 2020-2027
7.4.2 Saudi Arabia
7.4.2.1 Market size analysis, By Product, 2020-2027
7.4.2.2 Market size analysis, By Application, 2020-2027
7.4.3 UAE
7.4.3.1 Market size analysis, By Product, 2020-2027
7.4.3.2 Market size analysis, By Application, 2020-2027
7.4.4 South Africa
7.4.4.1 Market size analysis, By Product, 2020-2027
7.4.4.2 Market size analysis, By Application, 2020-2027
7.4.5 Rest of LAMEA
7.4.5.1 Market size analysis, By Product, 2020-2027
7.4.5.2 Market size analysis, By Application, 2020-2027
7.4.6 Research Dive Exclusive Insights
7.4.6.1 Market attractiveness
7.4.6.2 Competition heatmap
8. Competitive Landscape
8.1 Top winning strategies, 2020-2027
8.1.1 By strategy
8.1.2 By year
8.2 Strategic overview
8.3 Market share analysis, 2020-2027
9. Company Profiles
9.1 Australia Zinc Group
9.1.1 Overview
9.1.2 Business segments
9.1.3 Product portfolio
9.1.4 Financial performance
9.1.5 Recent developments
9.1.6 SWOT analysis
9.2 Nyrstar
9.2.1 Overview
9.2.2 Business segments
9.2.3 Product portfolio
9.2.4 Financial performance
9.2.5 Recent developments
9.2.6 SWOT analysis
9.3 Codelco
9.3.1 Overview
9.3.2 Business segments
9.3.3 Product portfolio
9.3.4 Financial performance
9.3.5 Recent developments
9.3.6 SWOT analysis
9.4 BHP Billiton Ltd.
9.4.1 Overview
9.4.2 Business segments
9.4.3 Product portfolio
9.4.4 Financial performance
9.4.5 Recent developments
9.4.6 SWOT analysis
9.5 Alltech Inc.
9.5.1 Overview
9.5.2 Business segments
9.5.3 Product portfolio
9.5.4 Financial performance
9.5.5 Recent developments
9.5.6 SWOT analysis
9.6 Archer Daniels Midland Co.
9.6.1 Overview
9.6.2 Business segments
9.6.3 Product portfolio
9.6.4 Financial performance
9.6.5 Recent developments
9.6.6 SWOT analysis
9.7 Biochem
9.7.1 Overview
9.7.2 Business segments
9.7.3 Product portfolio
9.7.4 Financial performance
9.7.5 Recent developments
9.7.6 SWOT analysis
9.8 Tanke Biosciences Corp.
9.8.1 Overview
9.8.2 Business segments
9.8.3 Product portfolio
9.8.4 Financial performance
9.8.5 Recent developments
9.8.6 SWOT analysis
9.9 Cargill Inc.
9.9.1 Overview
9.9.2 Business segments
9.9.3 Product portfolio
9.9.4 Financial performance
9.9.5 Recent developments
9.9.6 SWOT analysis
9.10 Kemin Industries Inc.
9.10.1 Overview
9.10.2 Business segments
9.10.3 Product portfolio
9.10.4 Financial performance
9.10.5 Recent developments
9.10.6 SWOT analysis
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