Animal feed
micronutrients are nutrients required for the animal body in trace amounts for
the sufficient development of an organism. The nutrients are essential for
functioning in the body and this is dependent on the availability of
micronutrients. Additionally, micronutrients are used as an animal feed
additive for boosting feed quality to improve the health of livestock. The micronutrients
work in providing complex functions during production and in upgrading enzyme
system operations. Furthermore, the capability of animal feed micronutrients to
raise the weight of animals, especially swine, is likely to help a positive
scope for industry growth. The application of the product helps to the yield of
good quality meat, which is anticipated to turn the demand in the projected
period. Growing demand for nutrients globally, animal farmers, as well as
animal breeders, increase their production. This trend has created a huge
demand for these micronutrients, which plays a key role in optimizing the
growth of animals as well as their production rate. Thus, the market has
witnessed notable growth owing to the capability of micronutrients to supply
good health for animals in turn to rise the production for dairy and meat
market.
According to
this latest study , Animal Feed
Micronutrient Market size was estimated to reach USD 1470.3 Million unit in
2019, growing at a CAGR of 6% globally during forecast period 2021- 2027.
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Feed Micronutrient Market Report:
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Important
insights revealed in this Animal Feed
Micronutrient Market report will enhance the financial progression of the
global market through which generating huge revenues is possible for business
players. Along with covering regional analysis, it also attempts to shed light
on competitive assessment for the forecast time span 2022-2028. Moreover, it
flashes light on some efficient sources to apply in the business for
accomplishing effective results and huge revenues. This Animal Feed Micronutrient Market research
report equally focuses on some of the most vital ways to deal with risks
involved in the business. It further captures market challenges, market
dynamics including drivers and restraints and pricing structure. By knowing
this information, it becomes easy for market players to ease the business
processes and lead business towards successful path.
Animal Feed Micronutrient Market - Size, Competitive
Landscape and Segmentation Analysis:
Animal Feed Micronutrient Market Reports
provide a high-level overview of market segments by product type,
applications, leading key players, and regions, as well as market
statistics. The research insights focus on the impact of the Covid-19
epidemic on performance and offers a thorough examination of the current market
and market dynamics. This crucial understanding of the report's objective can
help you make better strategic decisions about investment markets by assessing
elements that may affect current and future market circumstances. The leading
key players in the Global and Regional market are summarized in a research to
understand their future strategies for growth in the market.
Segmentation of Animal Feed Micronutrient Market:
By Type , Animal Feed Micronutrient has been segmented into:
Iron,Zinc,Cobalt,Selenium,Copper,Boron,Manganese,Iodine
By Livestock, Animal Feed Micronutrient has been segmented into:
Ruminant, Poultry, Swine, Aqua, Equine, Others
Market
Segment by Regions and Countries Level Analysis:
·
North America (U.S., Canada, Mexico)
·
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
·
Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
·
Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
·
South America (Brazil, Argentina, Rest of South America)
Covid-19
Impact and Recovery Analysis on Industry:
We've kept
track of Covid-19's direct impact on this market as well as its indirect impact
on other industries. During the analysis period, the impact of the Covid-19
pandemic on the market is predicted to be significant. From a worldwide and
regional viewpoint, this report examines the influence of the pandemic on
the Animal Feed Micronutrient industry.
The study categories the Animal Feed Micronutrient industry by type,
application, and consumer sector to determine market size, market features, and
market growth. It also includes a thorough examination of the factors that
influenced market development before and after the Covid-19 pandemic. In
addition, the research did a pest analysis in the sector to investigate major
influencers and entrance obstacles.
Scope of the Report
|
Report Metric |
Details |
|
Market
size available for years |
2016–2021 |
|
Base
year considered |
2021 |
|
Forecast
period |
2022–2028 |
|
Forecast
units |
Billion
(USD) |
|
Segments
covered |
Type,
Application, and Region |
|
Geographies
covered |
North
America, APAC, Europe, MEA, and Latin America |
|
Companies
covered |
Nutreco N.V.,Balchem Corporation,BASF
SE,Novus International Inc.,Purina Animal Nutrition LLC.,AG
Solutions,Beachport Corporation Pvt Ltd,Zinpro Corporation,Bluestar Adisseo
Company,Prathista Industries Ltd,Dallas Keith Limited,Archer Daniels Midland
Company,Koninklijke DSM N.V.,Alltech Inc,Cargill,Incorporated,Kemin
Industries,Lallemand Inc.,Others |
·
Visualize the
composition of the global Animal Feed Micronutrient market products in terms of
Product and application highlighting the critical commercial assets and
players.
·
Identify
commercial opportunities in the global Animal Feed Micronutrient market by
analyzing trends and co-development deals.
·
PDF report with
the most relevant analysis cogently put together after exhaustive qualitative
interviews and in-depth market study.