Global Animal Feed Trace Minerals Market 2018-2022

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Overview of the global animal feed trace minerals market

Technavio's market research analysts have identified the rising consumption of meat as one of the primary factors that will trigger the growth of the animal feed trace minerals market size till 2022. The demand for animal feed trace minerals is expected to increase due to the growing meat production. These minerals are very important as they aid in activating essential enzymes and hormones vital for metabolic processes in cattle. The market demand is expected to propel as these trace minerals are used for enhancing immunity, for boosting optimum health, and skeletal development. In the recent times, an upward trend is witnessed for meat production and consumption. The consumption of meat is rising in Brazil and China. Apart from these countries, industrialized economies such as the US, France,  and Spain also consume large quantities of meat. According, to animal feed trace minerals market forecast, the market will witness steady growth during the next few years and register a CAGR close to 6% by 2022.

One of the key trends in the animal feed trace minerals market is the increase in R&D activities. The demand for animal feed organic trace minerals is likely to increase with technological advancements. Water-soluble organic feed is essential for animal growth and productivity as it contains multivitamins and organic trace minerals. Tanke, a Chinese producer of organic trace minerals, developed a wide range of water-soluble organic feed additives comprising multivitamins and organic trace minerals.

Companies covered

With the presence of several vendors, the animal feed trace minerals market appears to be fragmented. The organic trace minerals market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

The report includes an analysis of a number of companies in this marketspace including -

• Alltech
• Archer Daniels Midlands Company
• BASF
• Cargill
• Kemin Industries
• Tanke

Segmentation by product and analysis of the animal feed trace minerals market

• Organic
• Inorganic

The organic segment accounted for the major share of the organic trace minerals market during 2017. According to our research report, this segment will grow during the forecast period owing to the increasing popularity of the product.

Geographical segmentation and analysis of the animal feed trace minerals market

• Americas
• APAC
• EMEA

Our analysts have predicted that in terms of geographic regions, the organic trace minerals market will witness considerable growth in EMEA during the next few years. This region will be the major contributor to the growth of the market due to the increased popularity of animal feed trace minerals.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global animal feed trace minerals market?
• What are the key market trends impacting the growth of the global animal feed trace minerals market?
• What are the challenges to market growth?
• Who are the key vendors in the global animal feed trace minerals market?
• What are the market opportunities and threats faced by the vendors in the global animal feed trace minerals market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global animal feed trace minerals market?

Technavio also offers customization on reports based on specific client requirement.

According to research experts at Technavio, the increased use of trace minerals to maintain the health of livestock is acting as a boon and driving the trace minerals for animal feed market. This increase in demand is expected to impact the market majorly during the next few years. To, provide a clear understanding of niche markets globally, this market research report plans to present an in-depth analysis of multiple segments and their market evaluation within the trace minerals for animal feed market. For a better examination of market dynamics, research experts at Technavio have categorized the global trace minerals for animal feed market into multiple segments which may include product type, geography, end-user application and distribution channel.

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Key aspects covered in the global trace minerals for animal feed market 2018-2022 include:

• Detailed segmentation of local and international products
• In-depth analysis of subsegments concerning individual growth trends, prospects and contribution to the overall market
• Analysis of the various opportunities in the market for stakeholders and to provide details of competitive landscape for significant players
• A discussion on the competitive developments such as product launches, acquisitions, expansions, and other events taking place in the focus market

Apart from studying the various impacting trends, drivers, and challenges, market research experts at Technavio aim at offering market insights on multiple segments along with their impact on the market growth in the coming years. Moreover, this research report also considers the factors are impacting the growth of similar markets such as the global reverse osmosis (RO) membrane market which is expected to grow at a steady CAGR of 9% during the next few years. To provide better intelligence, this forthcoming report is derived from the information gathered from several resources such as focus group discussions and market survey.