Animal Feed Micronutrients Market Revenue Analysis 2028
The "Global Animal Feed Micronutrients market" is expected to grow at a high CAGR of 4.0% during the forecasting period (2021-2028).
(EMAILWIRE.COM, September 28, 2021 )
Market Overview:
Micronutrients in animal feed, as opposed to macronutrients, are nutrients that the body needs in trace amounts for optimal growth of an organism. Animal feed micronutrients are needed for the body to operate correctly, even though they are only required in minimal amounts. Many of the body's basic processes are dependent on the availability of these micronutrients.
View full report: https://bit.ly/39GQ8ph
Market Dynamics:
Increasing demand for dairy products such as cheese, butter, cream, and curd in the food and beverage sector is projected to boost demand in diverse areas. Micronutrients in animal feed promote high milk production, which is expected to drive their use in ruminant nutrition throughout the projection period.
One of the main reasons affecting the market's current expansion is the rising demand for protein foods owing to nutritional inadequacies. Another important factor affecting the growth of the animal feed micronutrients market is the rise in pet adoption. According to the ACSPA, 3.2 million shelter animals are adopted in the United States each year. In addition, the American Pet Products Association estimates that 78 million dogs and 85 million cats are owned in the United States. The success of animal feed micronutrients infertility and growth in the animals has demonstrated a favourable effect, which has prompted a rise in expenditure on animal care. According to Statista, 471 million dogs were kept as pets by families in 2018. Due to a rise in demand from meat-eating populations, the worldwide market is expected to grow throughout the predicted period. Micronutrients guarantee that the meat is wholesome, that the milk output is good, and that the animals are growing. Meat and animal protein from milk-producing cattle are in high demand. Furthermore, micronutrients eliminate animal problems such as vitamin deficiency, poor development, and illness. During the anticipated timeframe, all of these locations are expected to drive worldwide market growth.
The market has been hampered by higher pricing for vitamins and vitamin products in the animal feed micronutrients industry, particularly in industrialized nations where the agricultural community is not as established to spend heavily in animal feed micronutrients.
Market Segmentation:
By Type
• Iron
• Zinc
• Copper
By Livestock
• Poultry
• Ruminant
• Swine
Download free sample: https://bit.ly/39FiEHQ
Geographical Penetration:
The Animal Feed Micronutrient market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. In the next years, the animal feed micronutrients market in the Asia Pacific is expected to grow rapidly. Factors such as growing economic growth, a large population base, and a rising need for meat protein have all contributed to the market's rise. Because of the growing demand for meat, North America is expected to grow faster than the rest of the world in the next years. Latin America is expected to grow rapidly in the animal feed micronutrients market, owing to a growing demand for protein-rich foods and a growing population. In 2019, China consumed 20 million tons of poultry which was the highest volume in the entire planet. In the same year, the US consumed 19 million tons of poultry next to China
Competitive Landscape:
Key players operating in the market are Aries Agro Limited, Cargill Incorporated, Nutreco N.V., Kemin Industries, Inc., Archer Daniels Midland Company. Leading multinational players dominate the market and hold substantial market share, thereby presenting tough competition to new entrants. The emerging-market players focus on entering into a strategic partnership; expansion of facilities, mergers, and acquisitions are vital strategies to boost their market shares and establish a global platform. The players are also investing in developing online payment mobile applications, in R&D activities, and offering superior quality consultation and services to customers. The Asia Pacific region is expected to provide new market players opportunities to expand their footprint due to increasing meat consumption.
December 2019, at Foreign Invested Enterprise (FIE) trade, the Archer Daniels Midland Company is presented new dairy conceptions that allow new entrants to position themselves on the dairy products market with new product designed to reach high expectations.
According to the Food and Agricultural Organization (FAO), global meat output grew by 1.5 percent in 2018, to 327 million tons, with production improvements accounting for the majority of the rise.
In 2021, Kemin industries acquired Proteus. Sustainable ingredient technology lessens use of artificial ingredients and strengthens Kemin position in global meat processing industry
Related Topic's
Compound Feed Market, Feed Pigments Market, APAC & MEA Pet Food Market, Animal Growth Promoters Market,
Market Overview:
Micronutrients in animal feed, as opposed to macronutrients, are nutrients that the body needs in trace amounts for optimal growth of an organism. Animal feed micronutrients are needed for the body to operate correctly, even though they are only required in minimal amounts. Many of the body's basic processes are dependent on the availability of these micronutrients.
View full report: https://bit.ly/39GQ8ph
Market Dynamics:
Increasing demand for dairy products such as cheese, butter, cream, and curd in the food and beverage sector is projected to boost demand in diverse areas. Micronutrients in animal feed promote high milk production, which is expected to drive their use in ruminant nutrition throughout the projection period.
One of the main reasons affecting the market's current expansion is the rising demand for protein foods owing to nutritional inadequacies. Another important factor affecting the growth of the animal feed micronutrients market is the rise in pet adoption. According to the ACSPA, 3.2 million shelter animals are adopted in the United States each year. In addition, the American Pet Products Association estimates that 78 million dogs and 85 million cats are owned in the United States. The success of animal feed micronutrients infertility and growth in the animals has demonstrated a favourable effect, which has prompted a rise in expenditure on animal care. According to Statista, 471 million dogs were kept as pets by families in 2018. Due to a rise in demand from meat-eating populations, the worldwide market is expected to grow throughout the predicted period. Micronutrients guarantee that the meat is wholesome, that the milk output is good, and that the animals are growing. Meat and animal protein from milk-producing cattle are in high demand. Furthermore, micronutrients eliminate animal problems such as vitamin deficiency, poor development, and illness. During the anticipated timeframe, all of these locations are expected to drive worldwide market growth.
The market has been hampered by higher pricing for vitamins and vitamin products in the animal feed micronutrients industry, particularly in industrialized nations where the agricultural community is not as established to spend heavily in animal feed micronutrients.
Market Segmentation:
By Type
• Iron
• Zinc
• Copper
By Livestock
• Poultry
• Ruminant
• Swine
Download free sample: https://bit.ly/39FiEHQ
Geographical Penetration:
The Animal Feed Micronutrient market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. In the next years, the animal feed micronutrients market in the Asia Pacific is expected to grow rapidly. Factors such as growing economic growth, a large population base, and a rising need for meat protein have all contributed to the market's rise. Because of the growing demand for meat, North America is expected to grow faster than the rest of the world in the next years. Latin America is expected to grow rapidly in the animal feed micronutrients market, owing to a growing demand for protein-rich foods and a growing population. In 2019, China consumed 20 million tons of poultry which was the highest volume in the entire planet. In the same year, the US consumed 19 million tons of poultry next to China
Competitive Landscape:
Key players operating in the market are Aries Agro Limited, Cargill Incorporated, Nutreco N.V., Kemin Industries, Inc., Archer Daniels Midland Company. Leading multinational players dominate the market and hold substantial market share, thereby presenting tough competition to new entrants. The emerging-market players focus on entering into a strategic partnership; expansion of facilities, mergers, and acquisitions are vital strategies to boost their market shares and establish a global platform. The players are also investing in developing online payment mobile applications, in R&D activities, and offering superior quality consultation and services to customers. The Asia Pacific region is expected to provide new market players opportunities to expand their footprint due to increasing meat consumption.
December 2019, at Foreign Invested Enterprise (FIE) trade, the Archer Daniels Midland Company is presented new dairy conceptions that allow new entrants to position themselves on the dairy products market with new product designed to reach high expectations.
According to the Food and Agricultural Organization (FAO), global meat output grew by 1.5 percent in 2018, to 327 million tons, with production improvements accounting for the majority of the rise.
In 2021, Kemin industries acquired Proteus. Sustainable ingredient technology lessens use of artificial ingredients and strengthens Kemin position in global meat processing industry
Related Topic's
Compound Feed Market, Feed Pigments Market, APAC & MEA Pet Food Market, Animal Growth Promoters Market,
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results