North America Animal Feed Micronutrients Market was worth USD 421.02 Million in 2021 and is expected to reach USD 501.24 Million by 2026 with a CAGR of 5.8%. The North America Animal Feed Micronutrients Market is increasing at a tremendous pace because of its large population and increasing economies in developing countries.
Animal Feed Micronutrients are important animal feed additives for improving animal feed quality to produce high quality animal products like milk, wool etc. and also for the good health of pet animals. Animal Feed micronutrients are becoming famous essentially because of the greater performance and growing applications, for example, development promoter, prevention, and cure of illnesses, for amplifying reproduction rate and for improving feed digestibity in animals.
Drivers and Restraints of North America Animal Feed Micronutrients Market:
Growing expenses on animal wellbeing, Rising interest of owning pet animals, and wellness combined with success of animal feed micronutrients in development and fertility of the animals are some of the major factors driving the North America 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 North America animal feed micronutrients market.
The critical dosage use of animal feed micronutrients and lack of awareness about the advantages of micronutrients among uneducated and poor farmers are major factors restraining the animal feed micronutrients industry.
North America Animal Feed Micronutrients Market – By Type:
North America Animal Feed Micronutrients Market – By Livestock:
Geographically, this market is further segmented in to US and Canada. North America has the second largest market and has significant CAGR in the forecast period
Major companies operating in the North America 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.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.6 Y-o-Y Growth Analysis, By Type
5.1.7 Market Attractiveness Analysis, By Type
5.1.8 Market Share Analysis, By Type
5.2.7 Y-o-Y Growth Analysis, By Livestock
5.2.8 Market Attractiveness Analysis, By Livestock
5.2.9 Market Share Analysis, By Livestock
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Type
22.214.171.124 By Livestock
6.1.4 Market Attractiveness Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Type
184.108.40.206 By Livestock
6.1.5 Market Share Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Type
22.214.171.124 By Livestock
6.2 United States
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Archer Daniels Midland Company (ADM)
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Qualitech Inc.
8.3 Kemin Industries Inc.
8.4 Nutreco N.V.
8.5 Zinpro Corporation
8.6 Balchem Corp.
8.7 Cargill Inc.
8.8 Novus International Inc.
8.9 Lallemand Inc
8.10 Alltech Inc.
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
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