The trace minerals chelated feed market is estimated to observe steady growth during the forecast period of 2021-2031. The growing awareness about the importance of feed among a considerable chunk of the global populace will bring profitable growth. The increasing use of trace minerals chelated feed due to the benefits associated with them will add value to the growth structure.
Factors such as increase in compound feed production, expanding demand for animal protein in human diet, and the increasing prominence of animal nutrition in livestock will bring great avenues of growth for the trace minerals chelated feed market. Although needed in small quantities, these minerals are essential for the performance enhancement and growth of the animals. Hence, based on these aspects, the demand for trace minerals chelated feed is bound to increase.
Trace minerals chelated feed is essential for the overall growth of the livestock. Chelated minerals are commonly used for promoting normal growth, building strong muscles, stabilizing bipolar disorder, and enhancing the immune system function. These aspects serve as growth boosters for the trace minerals chelated feed market.
On the basis of type, the trace minerals chelated feed market can be segmented into copper, zinc, manganese, cobalt, chromium, iodine, selenium, and iron. These feeds are used in equines, pets, poultry, swines, ruminants, and aquaculture. Based on chelate type, the trace minerals chelated feed market is classified into proteinates, amino acids, polysaccharides, peptides, and propionates. The feed is available in liquid and dry form.
The report on the trace minerals chelated feed market by Transparency Market Research (TMR) has various points and factors that make the stakeholder aware of the existing competitive scenario. Furthermore, the report includes the demographic landscape, industrial insights, and the latest trends that prove to be of great help to the CXOs and stakeholders. The COVID-19 pandemic effect has also been included in the report.
The trace minerals chelated feed market has numerous players vying for attracting a sizeable consumer base. The players indulge in research and development activities for formulating strategies that are essential for increasing the growth prospects of the trace minerals chelated feed market. These activities eventually increase the growth rate of the trace minerals chelated feed market.
Mergers, acquisitions, joint ventures, and partnerships are essential and form the crux of the trace minerals chelated feed market growth trajectory. The players are involved in these activities for expanding their influence across the trace minerals chelated feed market. These activities ultimately contribute to the growth of the trace minerals chelated feed market.
Some well-entrenched players in the trace minerals chelated feed market are Koninklijke DSM N.V., Kemin Industries, Inc., Veterinary Professional Services Ltd., QualiTech, Inc., Biochem Zusatzstoffe, and Archer-Daniels-Midland Company.
Rise in Meat and Meat Product Consumption to Bring Considerable Growth for Trace Minerals Chelated Feed Market
The rising importance of protein-rich diets among the global populace is leading to an increase in the consumption of meat and meat-based products. The demand for chicken and red meat has grown extensively over the years. Furthermore, an increase in the number of feedmills is also being observed. These factors are leading to an increase in the demand for compound feed production. Hence, this aspect will have a positive impact on the growth of the trace minerals chelated feed market.
Growing Bioavailability of Trace Minerals to Add Value to Growth Structure
Bioavailability can be referred to the proportion of nutrients in food products, which is utilized and absorbed through the body of animals. The growing demand for bioavailability to enhance the productivity of the livestock will present an array of opportunities for the trace minerals chelated feed market.
Europe’s trace minerals chelated feed market is estimated to observe a dominating stance as trace minerals are used on a large scale in animal nutrition feeds across Europe. Asia Pacific is also estimated to observe considerable growth opportunities.
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