Animal Feed Organic Trace Minerals Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 0.8 Billion |
| Market Size (2029) | USD 1.20 Billion |
| CAGR (2024 - 2029) | 8.30 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Animal Feed Organic Trace Minerals Market Analysis
The Animal Feed Organic Trace Minerals Market size is estimated at USD 0.8 billion in 2024, and is expected to reach USD 1.20 billion by 2029, at a CAGR of 8.30% during the forecast period (2024-2029).
- Organic trace minerals are pivotal to the global livestock industry, enhancing animal health, productivity, and overall performance. As global demand for meat, dairy, and poultry surges, the livestock sector intensifies its focus on bolstering animal health and performance. These organic minerals boost feed efficiency, weight gain, fertility, and immune function, culminating in superior animal products.
- Unlike inorganic minerals, organic trace minerals are deemed more eco-friendly. They minimize mineral waste excretion, thereby curbing environmental pollution. This eco-conscious shift in livestock practices fuels the demand for organic trace minerals. Furthermore, livestock farmers are increasingly becoming cognizant of the advantages of organic minerals in feed, including enhanced disease resistance, robust bone development, and optimal reproductive health. This growing awareness propels the demand for premium feed supplements, prominently featuring organic trace minerals.
- The rising trend of precision nutrition, tailoring diets to the specific needs of each species or production stage, forecasts a surge in the adoption of organic trace minerals, recognized for their efficiency in meeting these precise nutritional demands. Moreover, as nations pivot to curtail or abolish antibiotics in animal feed, organic trace minerals are emerging as the favored alternative for ensuring animal health and growth.
- With the global livestock industry leaning towards sustainable, health-centric, and efficient feeding practices, the market for organic trace minerals is on an upward trajectory. This demand is fueled by aspirations for enhanced animal health, boosted productivity, and a global shift towards eco-friendly and antibiotic-free farming. As awareness broadens and feed formulation innovations continue, the organic trace minerals market is primed for significant expansion, especially in regions witnessing a surge in meat consumption and the adoption of advanced farming techniques.
Animal Feed Organic Trace Minerals Market Trends
Increasing Worldwide Meat and Fish Consumption is Driving the Market
The market for organic trace minerals in swine feed is witnessing robust growth, primarily driven by surging global pork demand. Notably, countries like China are at the forefront, necessitating superior feed to bolster swine health and productivity. For instance, the United States Department of Agriculture reported that China's swine meat consumption rose from 57,434 thousand metric tons in 2022 to 57,575 thousand metric tons in 2023.
Essential organic trace minerals, including zinc, copper, and manganese, play a pivotal role in enhancing pigs' growth rates, reproductive success, and disease resistance. Moreover, these organic trace minerals boast superior bioavailability compared to their inorganic counterparts. This means pigs absorb them more efficiently, leading to reduced waste and diminished environmental pollution. Such advantages resonate with the industry's shift towards sustainable farming, as producers strive to lessen the ecological impact of livestock operations.
Beyond growth and reproduction, organic trace minerals bolster swine immune health, support bone development, and enhance overall vitality. These pronounced benefits have spurred the adoption of organic minerals, especially in regions prioritizing premium pork production.
Globally, there's a concerted effort to curtail antibiotic use in livestock feed. This movement has amplified the demand for organic trace minerals, known for their ability to naturally bolster animal health and curtail reliance on medical interventions. Given these dynamics, the growth trajectory appears promising, with the swine sector poised to dominate the organic trace minerals market in animal feed. This trend is especially pronounced in nations with substantial pork production, including Spain, the United States, and China.
Asia Pacific Lead the Animal Feed Organic Trace Minerals Market
The Asia-Pacific region leads the animal feed organic trace minerals market, driven by a growing demand for healthier and more efficient livestock production. Countries like China, India, and Vietnam, home to some of the world's largest livestock populations, boast extensive poultry, swine, and aquaculture industries. These industries heavily depend on high-quality feed additives, particularly organic trace minerals.
As incomes rise and dietary preferences shift towards higher protein consumption, especially in pork, poultry, and fish, the demand for efficient and sustainable animal feed solutions has surged. This meat consumption boom, especially pronounced in the growing middle class of China, India, and Indonesia, underscores the need for effective animal feed to optimize livestock productivity.
Moreover, as global leaders in aquaculture production, countries like China and Vietnam play pivotal roles in the world's fish and seafood supplies. Given that organic trace minerals enhance the health, growth, and disease resistance of farmed fish, their inclusion in aquaculture feed formulations is paramount.
Asia-Pacific's leadership in the animal feed organic trace minerals market is bolstered by its expansive livestock sector, surging demand for meat and seafood, government regulations advocating sustainability, and a heightened focus on livestock health and productivity. With the region's ongoing industrialization and modernization of agricultural practices, the demand for organic trace minerals is poised to grow, solidifying its market dominance.
Animal Feed Organic Trace Minerals Industry Overview
The Animal Feed Organic Trace Minerals Market is fragmented with players such as Alltech, Archer Daniels Midland Company, Cargill, Kemin Industries, and Zinpro. The companies are increasingly expanding their market presence and getting involved in mergers and acquisitions to stay relevant and grow in the global market.
Animal Feed Organic Trace Minerals Market Leaders
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Alltech Inc.
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Archer Daniels Midland Company
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Biochem
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Cargill, Incorporated
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Kemin Industries, Inc.
*Disclaimer: Major Players sorted in no particular order
Animal Feed Organic Trace Minerals Market News
- April 2024: Alltech secured the role of distributor and importer for Agolin products across the United States and Canada. Agolin's premium essential oil blends, backed by scientific research, boost feed intake and performance, leading to increased milk and meat production in both ruminants and non-ruminants.
- November 2022: Alltech, a prominent player in the global agriculture sector, inaugurated its latest Bioplex plant, marking Vietnam's inaugural facility dedicated to organic trace mineral production.
Animal Feed Organic Trace Minerals Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definitions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Demand For Meat and Animal Protein
4.2.2 Reduction in Antibiotic Use
4.2.3 Increasing Government Initiatives
4.3 Market Restraints
4.3.1 High Costs of Organic Trace minerals
4.3.2 Limited Awareness and Adoption
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Powers of Buyers
4.4.2 Bargaining Powers of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat from Substitute Products and Services
4.4.5 Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Trace Element Type
5.1.1 Zinc
5.1.2 Iron
5.1.3 Copper
5.1.4 Manganese
5.1.5 Selenium
5.1.6 Others
5.2 Animal Type
5.2.1 Dairy Cattle
5.2.2 Beef
5.2.3 Poultry
5.2.4 Swine
5.2.5 Aquaculture
5.2.6 Pets
5.2.7 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest Of North America
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 France
5.3.2.3 Italy
5.3.2.4 Germany
5.3.2.5 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Africa
5.3.5.1 South Africa
5.3.5.2 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Adopted Strategies
6.3 Company Profiles
6.3.1 Alltech Inc.
6.3.2 Aliphos
6.3.3 Archer Daniels Midland Company
6.3.4 Biochem
6.3.5 Cargill, Incorporated
6.3.6 Kemin Industries, Inc.
6.3.7 Novus International, Inc.
6.3.8 Nutreco N.V.
6.3.9 Pancosma S.A.
6.3.10 Royal DSM N.V.
6.3.11 Zinpro Corp.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Animal Feed Organic Trace Minerals Industry Segmentation
Organic trace minerals in animal feed are essential minerals attached to organic molecules, like amino acids or peptides, enhancing their absorption and bioavailability in livestock. Key minerals such as zinc, copper, iron, manganese, and selenium play crucial roles in animal physiology, supporting functions like growth, reproduction, immune response, and overall health. The Animal Feed Organic Trace Minerals Market is segmented by Trace Element Type (Zinc, Iron, Copper, Manganese, Selenium, and Others), Animal Type (Dairy Cattle, Beef, Poultry, Swine, Aquaculture, Pets, and Others), and Geography (North America, Europe, Aisa-Pacific, South America, and Africa). The report offers market estimation and forecasts in value USD for the above-mentioned segments.
| Trace Element Type | |
| Zinc | |
| Iron | |
| Copper | |
| Manganese | |
| Selenium | |
| Others |
| Animal Type | |
| Dairy Cattle | |
| Beef | |
| Poultry | |
| Swine | |
| Aquaculture | |
| Pets | |
| Others |
| Geography | |||||||
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Animal Feed Organic Trace Minerals Market Research FAQs
How big is the Animal Feed Organic Trace Minerals Market?
The Animal Feed Organic Trace Minerals Market size is expected to reach USD 0.8 billion in 2024 and grow at a CAGR of 8.30% to reach USD 1.20 billion by 2029.
What is the current Animal Feed Organic Trace Minerals Market size?
In 2024, the Animal Feed Organic Trace Minerals Market size is expected to reach USD 0.8 billion.
Who are the key players in Animal Feed Organic Trace Minerals Market?
Alltech Inc., Archer Daniels Midland Company, Biochem, Cargill, Incorporated and Kemin Industries, Inc. are the major companies operating in the Animal Feed Organic Trace Minerals Market.
Which is the fastest growing region in Animal Feed Organic Trace Minerals Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Animal Feed Organic Trace Minerals Market?
In 2024, the Asia Pacific accounts for the largest market share in Animal Feed Organic Trace Minerals Market.
What years does this Animal Feed Organic Trace Minerals Market cover, and what was the market size in 2023?
In 2023, the Animal Feed Organic Trace Minerals Market size was estimated at USD 0.73 billion. The report covers the Animal Feed Organic Trace Minerals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Animal Feed Organic Trace Minerals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Animal Feed Organic Trace Minerals Industry Report
Statistics for the 2024 Animal Feed Organic Trace Minerals market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Animal Feed Organic Trace Minerals analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
