Organic trace minerals are used in small quantity to improve the quality of food/ feed. Trace minerals have vital role in maintaining animal health. The rate of absorbing the food increases with the presence of trace minerals in the feed. Organic trace minerals have more preference over the inorganic minerals due to their health benefits and impacts on the taste of the feed.
The market is segmented on the basis of product types such as zinc, copper, cobalt, manganese, selenium and iron among others. The segmentation is done according to their requirements in animal feed, the minerals have vital role in animal feed, as they prevent and cure number of animal diseases.
Zinc helps in increasing the immunity in animals and is one of the most preferred organic mineral among other globally, followed by iron that has vital role in oxygen transport in the blood as a component of hemoglobin and oxygen transport. In addition few enzymes either contain iron or are activated by iron; therefore it is one of the important minerals. Selenium functions as a component of enzyme that helps in preventing cellular damage by destroying hydrogen peroxide and lipid hydroperoxides. All the trace minerals have an important role in animal growth; therefore the demand for organic minerals is expected to increase over next six years. The market can also be segmented geographically into North America, APAC, Europe and Rest of the world (RoW) regions.
The global animal feed organic trace mineral market is expected to grow with a single digit CAGR from 2013 to 2019. The organic trace minerals are formed when they attached to organic molecules such as amino acids and polysaccharides. Their presence increases the bioavailability of animal feed. Therefore the demand of organic trace minerals in animal feed is rising globally.
The global demand of meat as a major source of protein is expected to increase over the next six years. Therefore to increase the production and quality of meat and to meet the global demand, the animal is feed is considered to be one of the most important factors to increase the animal’s meat quality. Moreover the hazards associated with inorganic trace minerals over the organic trace minerals and growing awareness of the side effects of inorganic trace minerals is expected to have the direct impact on global demand. The growth in organic animal feed mineral market is supported by changing consumers’ food preferences followed by increasing disposable income. Per capita consumption of sea food, meat has experienced an increasing demand and is expected to increase in the forecast period.
Moreover, over the past few years increase in animal diseases owing to lack of important trace minerals in their feed has resulted in demand for organic trace minerals. Therefore to control the animal diseases and to increase the productivity of animals, the usage of organic trace minerals is rising globally. Some of the key market players are Royal DSM, Tanke Biosciences Corp, Nutreco NV and Biochem Lohne Germany among others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments