Industry Insights
Animal feed organic trace minerals market is expected to witness
growth due to higher bioavailability in comparison to inorganic trace
minerals. Market revenue could be in excess of USD 600 million by 2020
due to its benefits in enhancing animal health and productivity. Animal,
as a protein source is anticipated to drive market for animal meat
around the world, which in turn will increase the demand for organic
trace mineral market. Strict rules & regulation imposed by FDA and
REACH have been a major restraint for the market.
High R&D cost associated with developing organic minerals in
comparison to their inorganic counterparts is also expected to hamper
market growth. These factors are expected to reduce animal feed organic
trace minerals demand.
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Product Insights
Product segments included in report are zinc, manganese, copper, iron
and other segments which include chromium, cobalt and selenium. In 2012,
Zinc dominated the market, with revenue expected at over $180 million.
Zinc would witness highest growth in terms of revenue at a CAGR of over
5.5% from 2014 to 2020. Zinc plays critical role in maintaining immunity
and health of animal, as the amount of zinc generally available in
majority of animal feed is insufficient to overcome the nutritional
requirement of most animals.
Iron is an important organic mineral which improves metabolism and
digestive health of animals, being a primary oxygen carrier in animal
body. With a better state of health, the lactation period of cattle
increases, resulting in higher productivity of farm cattle. Iron
followed zinc in terms of revenue accounting for over 15% of market in
2012.
The deficiency of iron results in poultry animals losing productivity
due to their poor health and resulted in huge losses for farm owners.
Other traced minerals added to animal feed include copper and manganese
which play a major role in improving immunity of animals and help them
fight against infections. The growing outbreaks of animal diseases are
expected to keep the demand high in developing and developed economies.
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Regional Insights
North America was the largest organic trace market accounting for over
35% of global market revenue in 2012. There is high demand of organic
trace minerals in the region due to strict environmental laws by
government and growing concern among people regarding the diseases which
can be transmitted from animals to human. Being a large consumer of
animal meat, the region has governing bodies and groups of NGO’s which
are working to keep a track on animal living conditions in poultry
farms, slaughter houses and dairy farms.
In 2012, Europe’s organic trace market valued at over $134 million.
It is the largest meat producer after China with further growth in
consumption over the forecast period mainly in Eastern Europe. With high
disposable income, demand for high quality meat products has increases
in region resulting in farm owners using high volumes of organic trace
minerals in feed.
Asia Pacific was a comparatively small market with respect to Europe
and North America. However, Asia Pacific is expected to see high growth
over the forecast period because of increasing meat production and
consumption in China. In 2012, the meat production in China was above
83,000 kilo tons, which was about 24.5% of world production. Increase in
production capacity of China is expected to increase demand for organic
trace minerals market in near future.
Table of Contents
Chapter 1 Executive Summary
1.1 Animal Feed Organic Trace Minerals – Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Animal Feed Organic Trace Minerals Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Solar PV Market Dynamics
2.4 Key Opportunities Prioritized
2.5 Industry Analysis - Porter's
2.6 Animal Feed Organic Trace Minerals – Company Market Share Analysis
2.7 Animal Feed Organic Trace Minerals - PESTEL Analysis
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Chapter 3 Animal Feed Organic Trace Minerals Product Outlook
3.1 Zinc
3.2 Iron
3.3 Manganese
3.4 Copper
3.5 Others (Selenium, Cobalt)
Chapter 4 Animal Feed Organic Trace Minerals Regional Outlook
4.1 North America
4.2 Europe
4.3 Asia Pacific
4.4 RoW
Chapter 5 Competitive Landscape
5.1 Alltech Inc.
5.2 Archer Daniels Midland Co.
5.3 Biochem Lohne Germany
5.4 Bio Multimin Inc.
5.5 Cargill Inc.
5.6 Kemin Industries Inc.
5.7 Mercer Milling Co. Inc.
5.8 Novus International Inc.
Chapter 6 Methodology and Scope
6.1 Research Methodology
6.2 Research Scope & Assumption
6.3 List of Data Sources
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