Global Organic Trace Minerals for the Animal Feed Market 2015-2019

Market outlook of the global organic trace minerals for the animal feed market

Organic trace minerals are a type of micro minerals that are formed by attaching inorganic trace minerals to organic molecules such as amino acids or polysaccharides. By revenue, this market is expected to be influenced by factors like the high bioavailability of organic trace minerals in animals, which results in its moderate market growth rate of more than 7% by 2019.

In this market research report, Technavio analysts estimate the European region to be the highest revenue-generating segment during the forecast period. High market dominance of this region can be attributed to factors like the augmented demand for cattle feed during the forecast period.

Metal-type segmentation of the organic trace minerals for the animal feed market

• Zinc
• Manganese
• Iron
• Copper
• Others

The others segment, which includes metals like selenium, nickel, and cobalt is expected to account for more than 30% of the total market share between the period of 2014 and 2019. Since this segment consists of high-priced metal trace elements, it is envisaged to account for one third of the total market value by 2019.

Segmentation by livestock and analysis of the organic trace minerals for the animal feed market

• Poultry
• Ruminant
• Swine
• Others

Technavio’s market research analyst has estimated the ruminants sector to be the largest segment in this market followed by the poultry and the swine segments. This segment singlehandedly accounts for nearly 50% of the total market share by 2019 and is expected to be the highest growing segment during the forecast period.

Competitive landscape and key vendors

This market is highly competitive and fragmented due to the presence of multiple large and small vendors like Alltech, Balchem, and Kemin. These players have vast geographical presence, with production facilities spread across the globe. Factors like intense competition and declining profit margins pose significant challenges to the vendors and may influence their market presence negatively during the forecast period.

Key vendors in this market are -

• Alltech
• Balchem
• Kemin
• Novus
• Pancosma
• Tanke
• Zinpro

Key questions answered in the report include

• What will the market size and the growth rate be in 2019?
• What are the key factors driving the global organic trace minerals for the animal feed market?
• What are the key market trends impacting the growth of the global organic trace minerals for the animal feed market?
• What are the challenges to market growth?
• Who are the key vendors in the global organic trace minerals for the animal feed market?
• What are the market opportunities and threats faced by the vendors in the global organic trace minerals for the animal feed market?
• What are the key outcomes of the five forces analysis of the global organic trace minerals for the animal feed market?

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Related reports

• Global Organic Trace Minerals for Animal Feed Market 2014-2018
• Global Trace Minerals for Animal Feed Market 2015-2019