Animal Feed Micronutrients Market, Size, Share, Opportunities and Forecast, 2021-2027

SKU: DAG211 | Last Updated On: Mar 08 2021 | No. of Pages: 180 | Available Formats

> Global Animal Feed Micronutrients Market Expected to reach a high CAGR of 5.90% By 2027: DataM Intelligence

Global Animal Feed Micronutrients Market is segmented By Type (Iron, Zinc, Copper, Manganese, Others), By Livestock (Poultry, Ruminant, Swine, Equine, Aqua), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2021-2027

 

Market Overview

The Global Animal Feed Micronutrients Market is expected to grow at a high CAGR of 5.90% during the forecasting period (2021-2027).

Animal Feed Micronutrients enhance the production of high milk that is likely to boost its usage in ruminant nutrition. Heavy metals, including zinc and copper, are commonly used as micronutrients in animal feed. The main function of animal Feed Micronutrients to increase animals' weight, especially swine, would probably provide a better outlook for the industry's growth. The product consumption contributes to the yield of high-quality meat projected to fuel demand over the forecast period. Demand for animal feed Micronutrients is growing because it improves efficiency and has wide-ranging applications such as disease cure and prevention, growth driver, improves animal feed digestibility, and others. The rising problem for infectious diseases such as bovine spongiform, microbial infection, and chronic disease related to feeding nutritional deficiency may create new market landscape opportunities.

*Source: DataMIntelligenceAnalysis

Market Dynamics:

Growing usage of vitamins and trace minerals to activate important enzymes and hormones crucial to livestock's metabolic processes would promote the industry's growth. Primary benefits should help a positive outlook for the product portfolio, including skeletal growth, optimum safety, immunity, and high milk production facilitation.

Another significant factor impacting the rise of the demand for animal feed micronutrients is the rapid adoption of pets. For instance, according to ACSPA, in the United States, at present, nearly 3.2 million shelter animals are adopted worldwide. Also, the United States owns an additional 78 million dogs and 85 million cats. The growing demand for animal protein from cattle processing meat and milk combined with the recent disease outbreak in livestock is another significant factor driving the global market for animal feed micronutrients. Additionally, increasing dairy products' utilization in the food & beverage industry in cheese, butter, cream, and curd is expected to drive demand across various regions. Animal feed micronutrients facilitate high milk production, which is likely to propel its utilization in ruminant nutrition over the forecast period.

However, heavy metals, such as zinc and copper, are widely utilized as animal feed micronutrients. These metals are considered soil pollutants and likely to restrain market growth globally. Moreover, zinc and copper are listed as priority pollutants in 40 CFR part 423, appendix A. by the U.S., which is further expected to hinder the demand for animal feed micronutrients across the region.

Segment Analysis

The global animal feed micronutrient market can be segmented on type, livestock, and geography. Based on type, it is segmented into iron, zinc, copper, and manganese. The market is segmented into poultry, ruminant, swine, equine, and aqua-based on livestock. Among livestock segmentation, poultry has accounted for the highest share of the global market in 2016. For instance, as per the Global Trade Tracker, China consumed around 65.6 million tonnes of meat in  2016. Additionally, a surge in demand for nutritious animal-based food by the geriatric population for bone health will further promulgate the overall market growth across the region. Micronutrients play a vital role in the overall development of the layers and broilers. These facilitate superior reproduction, health, and overall performance of the birds, which are expected to drive market growth. Fish is considered one of the most important vitamins A sources, iron, and zinc in human nutrition. Hence, farmers are making efforts to improve the micronutrient intake in fish to avoid deficiencies. These factors are likely to increase the demand for micronutrients in the aqua application. The demand for micronutrients in equine feed is expected to witness sluggish growth because of declining equine feed production in various regions. The declining rate of horse ownership coupled with a high cost of feed is the major factor affecting the market.

**Source: DataM Intelligence Analysis

Geographical Presentation

The Animal Feed Micronutrient market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. The Asia Pacific, over the forecast period, is expected to dominate the market. This is because of the large cattle population in the Asia Pacific. Average growth is projected for North America and Europe over the forecast period. According to the Food and Agriculture Organization of the United Nations, world meat output was estimated to be 330 million tonnes in 2017, with India witnessing a 2.7% increase from 2016. Increasing disposable income among the population has instigated dietary changes such as eating more protein and meat. Limited livestock sector to meet the unlimited meat-based protein demand is employing animal nutrition for efficient quality and quantity production. The acceptance of a non-vegetarian diet can indicate that KFC, the world’s most popular chicken restaurant chain, is now operating in 135 countries with more than 22,000 restaurants globally.

Rising consumer awareness concerning appropriate pet nutrition is estimated to enable owners to spend premium amounts for healthy and nourishing animal nutrition. As per the National Pet Owners Survey conducted by the American Pet Products Association (APPA) 2017-2018, 68% of U.S families own a pet. The North American Pet Health Insurance Association (NAPHIA) reported North America’s pet health insurance with combined gross written premiums hitting USD 1.2 billion in 2017. These facts point to household pets' significance and indicate it as a major segment poising the animal feed micronutrient market towards cumulative revenues and profits.

**Source: DataMIntelligenceAnalysis

Competitive Analysis

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. For instance, in 2016, Cargill invested approximately USD 33 million to open new plants in the Asia Pacific and European regions. The Asia Pacific region is expected to provide new market players opportunities to expand their footprint due to increasing meat consumption.

In January 2016, the Nutreco N.V. (Netherland) Company announced the acquisition of Micronutrients. It would strengthen Nutreco's range of animal-nutrition products.

Why Purchase the Report?

  • Visualize the composition of the Animal Feed Micronutrients market products in terms of data type, business function, component, deployment model, organization size, and industrial vertical highlighting the critical commercial assets and players.
  • Identify commercial opportunities in the Animal Feed Micronutrients Market by analyzing trends and co-development deals.
  • Excel datasheet with thousands of data points of global Animal Feed Micronutrients market-level 4/5segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

**The global Animal Feed Micronutrients market report will provide access to approximately 53 Market data tables, 46 figures, and 178 pages

Target Audience

  • Micronutrients Producers,
  • Suppliers, Distributors
  • Government & Private Organizations
  • Market Research Companies
  • Others

Related Topic's

Animal Feed Additives Market

Animal Feed Testing Market

 

Table of Contents

  1. Animal Feed Micronutrients Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Animal Feed Micronutrients Market–Market Definition and Overview

  3. Animal Feed Micronutrients Market–Executive Summary

    1. Market Snippet by Type
    2. Market Snippet by Livestock
    3. Market Snippet by Region
  4. Animal Feed Micronutrients Market-Dynamics

    1. Market Impacting Factors
      1. Drivers
      2. Restraints
      3. Impact Analysis
    2. Opportunity
    3. Trends
  5. Animal Feed Micronutrients Market–Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain Analysis
    3. Regulatory Analysis
    4. Pricing Analysis
  6. Animal Feed Micronutrients Market – By Type

    1. Introduction
      1.  Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      2. Market Attractiveness Index, by Type
    2. Iron
      1. Introduction
      2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3. Zinc
    4. Copper
    5. Manganese
    6. Others
  7. Animal Feed Micronutrients Market – By Livestock

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis(%), By Livestock
      2. Market Attractiveness Index, By Livestock
    2. Poultry*
        1. Introduction
        2. Market SizeAnalysis,US$Mn,2016-2025andY-o-Y Growth Analysis(%),2018-2026
    3. Ruminant
    4. Swine
    5. Equine
    6. Aqua
  8. Animal Feed Micronutrients Market-By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis(%), By Region
      2. Market Attractiveness Index,  By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), by type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), by livestock
      5. Market Size Analysis, and Y-o-Y Growth Analysis(%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), by type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), by livestock
      5. Market Size Analysis, and Y-o-Y Growth Analysis(%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Rest of  Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), by type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), by livestock
      5. Market Size Analysis, and Y-o-Y Growth Analysis(%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), by type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), by livestock
      5. Market Size Analysis, and Y-o-Y Growth Analysis(%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), by type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), by livestock
  9. Animal Feed Micronutrients Market Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  10. Animal Feed Micronutrients Market Company Profiles

    1. Aries Agro Limited *
      1. Company Overview
      2. Form Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Cargill Incorporated
    3. Nutreco N.V.
    4. Kemin Industries, Inc.
    5. Archer Daniels Midland Company
    6. Lallemand Inc.
    7. Keshav Fertilizers
    8. Alltech, Inc.
    9. Novus International, Inc.
    10. Balchem Inc.
    11. Zinpro Corporation (*List Is Not Exhaustive)

  11. Animal Feed Micronutrients Market–Premium Insights

  12. Animal Feed Micronutrients Market–DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables & Figures

List of Tables 

Table 1 Global Animal Feed Micronutrients Market Value, By Type, 2018,2022 & 2027 ($ Million)

Table 2 Global Animal Feed Micronutrients Market Value, By Livestock, 2018,2022 & 2027 ($ Million)

Table 3 Global Animal Feed Micronutrients Market Value, By Region, 2018,2022 & 2027 ($ Million)

Table 4 Global Animal Feed Micronutrients Market Value, By Type, 2018,2022 & 2027 ($ Million)

Table 5 Global Animal Feed Micronutrients Market Value, By Type, 2017-2027 ($ Million)

Table 6 Global Animal Feed Micronutrients Market Value, By Livestock, 2018,2022 & 2027 ($ Million)

Table 7 Global Animal Feed Micronutrients Market Value, By Livestock, 2017-2027 ($ Million)

Table 8 Global Animal Feed Micronutrients Market Value, By Region, 2018,2022 & 2027 ($ Million)

Table 9 Global Animal Feed Micronutrients Market Value, By Region, 2017-2027 ($ Million)

Table 10 North America Animal Feed Micronutrients Market Value, By Type, 2017-2027 ($ Million)

Table 11 North America Animal Feed Micronutrients Market Value, By Livestock, 2017-2027 ($ Million)

Table 12 North America Animal Feed Micronutrients Market Value, By Country, 2017-2027 ($ Million)

Table 13 South America Animal Feed Micronutrients Market Value, By Type, 2017-2027 ($ Million)

Table 14 South America Animal Feed Micronutrients Market Value, By Livestock, 2017-2027 ($ Million)

Table 15 South America Animal Feed Micronutrients Market Value, By Country, 2017-2027 ($ Million)

Table 16 Europe Animal Feed Micronutrients Market Value, By Type, 2017-2027 ($ Million)

Table 17 Europe Animal Feed Micronutrients Market Value, By Livestock, 2017-2027 ($ Million)

Table 18 Europe Animal Feed Micronutrients Market Value, By Country, 2017-2027 ($ Million)

Table 19 Asia-Pacific Animal Feed Micronutrients Market Value, By Type, 2017-2027 ($ Million)

Table 20 Asia-Pacific Animal Feed Micronutrients Market Value, By Livestock, 2017-2027 ($ Million)

Table 21 Asia-Pacific Animal Feed Micronutrients Market Value, By Country, 2017-2027 ($ Million)

Table 22 Middle East & Africa Animal Feed Micronutrients Market Value, By Type, 2017-2027 ($ Million)

Table 23 Middle East & Africa Animal Feed Micronutrients Market Value, By Livestock, 2017-2027 ($ Million)

Table 24 Aries Agro Limited: Overview

Table 25 Aries Agro Limited: Product Portfolio

Table 26 Aries Agro Limited: Key Developments

Table 27 Cargill Incorporated: Overview

Table 28 Cargill Incorporated: Product Portfolio

Table 29 Cargill Incorporated: Key Developments

Table 30 Nutreco N.V.: Overview

Table 31 Nutreco N.V.: Product Portfolio

Table 32 Nutreco N.V.: Key Developments

Table 33 Kemin Industries, Inc.: Overview

Table 34 Kemin Industries, Inc.: Product Portfolio

Table 35 Kemin Industries, Inc.: Key Developments

Table 36 Archer Daniels Midland Company: Overview

Table 37 Archer Daniels Midland Company: Product Portfolio

Table 38 Archer Daniels Midland Company: Key Developments

Table 39 Lallemand Inc.: Overview

Table 40 Lallemand Inc.: Product Portfolio

Table 41 Lallemand Inc.: Key Developments

Table 42 Keshav Fertilizers: Overview

Table 43 Keshav Fertilizers: Product Portfolio

Table 44 Keshav Fertilizers: Key Developments

Table 45 Alltech, Inc.: Overview

Table 46 Alltech, Inc.: Product Portfolio

Table 47 Alltech, Inc.: Key Developments

Table 48 Novus International, Inc.: Overview

Table 49 Novus International, Inc.: Product Portfolio

Table 50 Novus International, Inc.: Key Developments

Table 51 Balchem Inc.: Overview

Table 52 Balchem Inc.: Product Portfolio

Table 53 Balchem Inc.: Key Developments

 

List of Figures

Figure 1  Global Animal Feed Micronutrients Market Share, By Type, 2018 & 2027 (%)

Figure 2  Global Animal Feed Micronutrients Market Share, By Livestock, 2018 & 2027 (%)

Figure 3  Global Animal Feed Micronutrients Market Share, By Region, 2018 & 2027 (%)

Figure 4  Global Animal Feed Micronutrients Market Value, 2017-2027 ($ Million)

Figure 5  Global Animal Feed Micronutrients Market Y-o-Y Growth, By Type, 2018-2027 (%)

Figure 6  Iron: Global Animal Feed Micronutrients Market Value, 2017-2027 ($ Million)

Figure 7  Zinc: Global Animal Feed Micronutrients Market Value, 2017-2027 ($ Million)

Figure 8  Copper: Global Animal Feed Micronutrients Market Value, 2017-2027 ($ Million)

Figure 9  Manganese: Global Animal Feed Micronutrients Market Value, 2017-2027 ($ Million)

Figure 10  Others: Global Animal Feed Micronutrients Market Value, 2017-2027 ($ Million)

Figure 11  Global Animal Feed Micronutrients Market Y-o-Y Growth, By Livestock, 2018-2027 (%)

Figure 12  Poultry: Global Animal Feed Micronutrients Market Value, 2017-2027 ($ Million)

Figure 13  Ruminant: Global Animal Feed Micronutrients Market Value, 2017-2027 ($ Million)

Figure 14  Swine: Global Animal Feed Micronutrients Market Value, 2017-2027 ($ Million)

Figure 15  Equine: Global Animal Feed Micronutrients Market Value, 2017-2027 ($ Million)

Figure 16  Aqua: Global Animal Feed Micronutrients Market Value, 2017-2027 ($ Million)

Figure 17  Global Animal Feed Micronutrients Market Y-o-Y Growth, By Region, 2018-2027 (%)

Figure 18  North America Animal Feed Micronutrients Market Value, 2017-2027 ($ Million)

Figure 19  North America Animal Feed Micronutrients Market Share, By Type, 2018 & 2027 (%)

Figure 20  North America Animal Feed Micronutrients Market Share, By Livestock, 2018 & 2027 (%)

Figure 21  North America Animal Feed Micronutrients Market Share, By Country, 2018 & 2027 (%)

Figure 22  South America Animal Feed Micronutrients Market Value, 2017-2027 ($ Million)

Figure 23  South America Animal Feed Micronutrients Market Share, By Type, 2018 & 2027 (%)

Figure 24  South America Animal Feed Micronutrients Market Share, By Livestock, 2018 & 2027 (%)

Figure 25  South America Animal Feed Micronutrients Market Share, By Country, 2018 & 2027 (%)

Figure 26  Europe Animal Feed Micronutrients Market Value, 2017-2027 ($ Million)

Figure 27  Europe Animal Feed Micronutrients Market Share, By Type, 2018 & 2027 (%)

Figure 28  Europe Animal Feed Micronutrients Market Share, By Livestock, 2018 & 2027 (%)

Figure 29  Europe Animal Feed Micronutrients Market Share, By Country, 2018 & 2027 (%)

Figure 30  Asia-Pacific Animal Feed Micronutrients Market Value, 2017-2027 ($ Million)

Figure 31  Asia-Pacific Animal Feed Micronutrients Market Share, By Type, 2018 & 2027 (%)

Figure 32  Asia-Pacific Animal Feed Micronutrients Market Share, By Livestock, 2018 & 2027 (%)

Figure 33  Asia-Pacific Animal Feed Micronutrients Market Share, By Country, 2018 & 2027 (%)

Figure 34  Middle East & Africa Animal Feed Micronutrients Market Value, 2017-2027 ($ Million)

Figure 35 the Middle East & Africa Animal Feed Micronutrients Market Share, By Type, 2018 & 2027 (%)

Figure 36  Middle East & Africa Animal Feed Micronutrients Market Share, By Livestock, 2018 & 2027 (%)

Figure 37  Aries Agro Limited: Financials

Figure 38  Cargill Incorporated: Financials

Figure 39  Nutreco N.V.: Financials

Figure 40  Kemin Industries, Inc.: Financials

Figure 41  Archer Daniels Midland Company: Financials

Figure 42  Lallemand Inc.: Financials

Figure 43  Keshav Fertilizers: Financials

Figure 44  Alltech, Inc.: Financials

Figure 45  Novus International, Inc.: Financials

Figure 46  Balchem Inc.: Financials

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report



Get your FREE SAMPLE PROPOSAL with a single click!

linkedinpinterest