Share on

Animal Feed Micronutrients Market By Type (Zinc, Iron, Manganese, Copper, Others), By Livestock (Ruminant, Poultry, Aqua, Swine, Equine, And Others) And By Region - Global Industry Analysis, Share, Size, Growth, Trends, And Forecast To 2027.

Published: January, 2022
ID: 1818
Pages: 175
Formats: report pdf report excel report power bi report ppt

Animal Feed Micronutrients Market Size & Growth (2022 - 2027):

Animal Feed Micronutrients Market was worth USD 1476.3 Million in 2021 and is expected to reach USD 1990.6 Million by 2026 with a CAGR of 6.16 %. The Animal Feed Micronutrients Market is observed to be developing at a significant pace, because of the rising populace resulting in rising demand for meat and an inclination of customers towards the healthy food, over the globe.

Animal Feed Micronutrients market incorporates minerals such as zinc, iron, magnesium, copper, and others utilized for Livestock. Animals require micronutrients in the appropriate amounts to improve lactation, development, and reproduction. Irregularity or insufficiencies may bring about suboptimal performance and poor health of the Animal. Micronutrients are the source of vitality, protein, minerals, and vitamins. They perform multifaceted functions in Animal production and growth and furthermore contribute in catalyst system operations.

Drivers and Restraints of Animal Feed Micronutrients Market:

Animal Feed Micronutrients Market Drivers:

Rising interest of owning pet animals, growing expenses on animal wellbeing and wellness combined with success of animal feed micronutrients in development and fertility of the animals are some of the major factors driving the animal feed micronutrients market. Furthermore, the rising demand for animal protein from milk and meat delivering cattle combined with recent illness epidemic in cattle is further driving the animal feed micronutrients market.

Animal Feed Micronutrients Market Restraints:

The critical dosage use of animal feed micronutrients and dearth of awareness about the advantages of micronutrients among uneducated and poor farmers are major factors restraining the animal feed micronutrients industry.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 - 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

6.16 %

Segments Covered

By Type, By Livestock, By Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Archer Daniels Midland Company (ADM), Balchem Corp., Lallemand Inc, Alltech Inc., Cargill Inc., Novus International Inc., Kemin Industries Inc., Zinpro Corporation, Nutreco N.V. and Qualitech Inc.

Animal Feed Micronutrients Market Segmentation:

Animal Feed Micronutrients Market – By Type:

  • Zinc

  • Iron
  • Manganese
  • Copper
  • Others

Animal Feed Micronutrients Market – By Livestock:

  • Ruminant
  • Poultry
  • Aqua
  • Swine
  • Equine
  • Others

Animal Feed Micronutrients Market – By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Asia-Pacific is the largest market because of its rapid economic growth and large population. Asia-Pacific is also the fastest growing region during the forecast period. Meanwhile, North America is growing at a substantial CAGR is likely to be the second largest market by the end of the forecast period.

Key Players:

Major companies operating in the global market include Archer Daniels Midland Company (ADM), Balchem Corp., Lallemand Inc, Alltech Inc., Cargill Inc., Novus International Inc., Kemin Industries Inc., Zinpro Corporation, Nutreco N.V. and Qualitech Inc.

Please wait. . . . Your request is being processed

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: sales@marketdataforecast.com

Click for Request Sample