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Organic Trace Minerals for Animal Feed Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Mar 2022
  • Pages: 120
  • SKU: IRTNTR72582
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The organic trace minerals for animal feed market share is expected to increase by USD 355.79 million from 2021 to 2026, at a CAGR of 8.14%.

This organic trace minerals for animal feed market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers organic trace minerals for animal feed market segmentation by type (poultry, swine, ruminants, and others) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The organic trace minerals for animal feed market report also offers information on several market vendors, including Alltech Inc., Archer Daniels Midland Co., Balchem Corp., BASF SE, Biochem additives and product mbH, Cargill Inc., Davidson Brothers Shotts Ltd., Global Animal Products, J. Rettenmaier and Sohne GmbH Co KG, Kemin Industries Inc., Koninklijke DSM NV, Norel SA, Novus International Inc., Nutreco NV, Phibro Animal Health Corp., Priya Chemicals, QualiTech Inc., SUBONEYO Chemicals Pharmaceuticals P Ltd., Tanke BioSciences Corp., and Zinpro Corp. among others.

What will the Organic Trace Minerals for Animal Feed Market Size be During the Forecast Period?

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Organic Trace Minerals for Animal Feed Market: Key Drivers, Trends, and Challenges

The health benefits of trace animals is notably driving the organic trace minerals for animal feed market growth, although factors such as growing vegan population may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the organic trace minerals for the animal feed industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Organic Trace Minerals for Animal Feed Market Driver

One of the key factors driving the global organic trace minerals for animal feed market growth is the health benefits of trace animals. Organic trace minerals play a vital role in the metabolic wellbeing of animals as they also support enzymatic reactions. For instance, Cobalt helps in Vitamin B12 synthesis and the activation of enzymes. This prevents loss of appetite, enhances hatchability, and high embryo mortality. Similarly, organic magnesium can address problems such as lower egg production and reduced mobilization of the skeletal system. The various health benefits of organic trace minerals encourage breeders to feed their animals on organic trace mineral feed. Organic trace minerals enhance the productivity of animals which is more profitable for breeders. The various health benefits of organic trace minerals will drive the market for global organic trace minerals for animal feed in the coming years.

Key Organic Trace Minerals for Animal Feed Market Trend

Another key factor driving the global organic trace minerals for animal feed is the increased use of water-soluble organic feed additives. Water-solvent natural feeds contain multivitamins along with natural trace minerals and play a vital part in deciding livestock development and profitability. They are difficult to pass, digest quickly, and are more gainful than dry feed-added substances. Vendors are also coming up with new products to cater to the market demand. For instance, Tanke Biosciences, a Chinese manufacturer of organic trace minerals, has come up with a wide range of water-solvent natural feed-added substances such as Mineral Premix for Piglet - QILIMIX I, Mineral Premix for Sow - QILIMIX II, Mineral Premix for Poultry - QILIMIX III, and Extra-Health (sow lactogenic powder), which contain multivitamins and organic minerals. Therefore, such developments augur well for the global organic trace minerals for the animal feed market. Such factors are expected to positively impact the market growth in the forecast period.

Key Organic Trace Minerals for Animal Feed Market Challenge

One of the key challenges to the global organic trace minerals for animal feed market growth is the growing vegan population, especially in the US, Australia, Germany, and India. For instance, the number of vegans in the UK has increased by about 600% in the last three years. The trend is being fueled by the growing popularity of veganism among the youth. About 80% of the total vegan population in the UK falls in the age group of 15-34 years. In the US, many food startups promote veganism, and they are being endorsed by celebrities such as Bill Gates, Serena Williams, and Venus Williams. Market players are also coming up with new vegan products to tap the growing potential. With the vegan population increasing in the world, working people looking for a vegetarian diet has also gone up. This can lower demand for meat-based products and challenge the global organic trace minerals for the animal feed market.

This organic trace minerals for animal feed market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the organic trace minerals for animal feed market during the forecast period.

Technavio categorizes the organic trace minerals for animal feed as a part of the global agricultural products market under the global food products market of the global food, beverage, and tobacco market. The global agricultural products market covers crop growers, owners of plantations, and companies that produce and process foods but do not package and market them. Technavio calculates the global agricultural products market size based on combined revenue generated by the vendors operating in the global agricultural products market. 

Who are the Major Organic Trace Minerals for Animal Feed Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alltech Inc.
  • Archer Daniels Midland Co.
  • Balchem Corp.
  • BASF SE
  • Biochem additives and product mbH
  • Cargill Inc.
  • Davidson Brothers Shotts Ltd.
  • Global Animal Products
  • J. Rettenmaier and Sohne GmbH Co KG
  • Kemin Industries Inc.
  • Koninklijke DSM NV
  • Norel SA
  • Novus International Inc.
  • Nutreco NV
  • Phibro Animal Health Corp.
  • Priya Chemicals
  • QualiTech Inc.
  • SUBONEYO Chemicals Pharmaceuticals P Ltd.
  • Tanke BioSciences Corp.
  • Zinpro Corp.

 

This statistical study of the organic trace minerals for animal feed market encompasses successful business strategies deployed by the key vendors. The organic trace minerals for animal feed market is fragmented and the vendors are deploying growth strategies such as M&A to compete in the market.

Product Insights and News

  • Kemin Industries Inc. - The company offers organic trace minerals for animal feed products under the brand name of Kemzyme.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The organic trace minerals for animal feed market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Organic Trace Minerals for Animal Feed Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the organic trace minerals for animal feed market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Organic Trace Minerals for Animal Feed Market?

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25% of the market’s growth will originate from Europe during the forecast period. The UK is the key markets for organic trace minerals for animal feed in Europe. Market growth in this region will be faster than the growth of the market in North America. 

North America is another potential market for organic trace minerals for animal feed. The significant increase in the consumption of meat in the US and Canada and strong demand for trace minerals from livestock and poultry breeders will facilitate the organic trace minerals for animal feed market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 widely impacted North America, especially the US. As a result, the manufacturing units across the region, except pharmaceuticals, were closed. However, the region is gradually propelling its economic activities and simultaneously conducting large-scale vaccination drives, which is further supporting the growth of the regional economy. This is expected to increase the regional livestock activities and, consequently, drive the growth of the regional organic trace minerals for the animal feed market during the forecast period.

What are the Revenue-generating Type Segments in the Organic Trace Minerals for Animal Feed Market?

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The organic trace minerals for animal feed market share growth by the poultry segment will be significant during the forecast period. The growing demand for naturally produced poultry products will drive the organic trace minerals market for poultry feed in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the organic trace minerals for animal feed market size and actionable market insights on post COVID-19 impact on each segment.

 

Organic Trace Minerals for Animal Feed Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 8.14%

Market growth 2022-2026

$ 355.79 million

Market structure

Fragmented

YoY growth (%)

9.58

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

Europe at 25%

Key consumer countries

US, Canada, China, Japan, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Alltech Inc., Archer Daniels Midland Co., Balchem Corp., BASF SE, Biochem additives and product mbH, Cargill Inc., Davidson Brothers Shotts Ltd., Global Animal Products, J. Rettenmaier and Sohne GmbH Co KG, Kemin Industries Inc., Koninklijke DSM NV, Norel SA, Novus International Inc., Nutreco NV, Phibro Animal Health Corp., Priya Chemicals, QualiTech Inc., SUBONEYO Chemicals Pharmaceuticals P Ltd., Tanke BioSciences Corp., and Zinpro Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Organic Trace Minerals for Animal Feed Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive organic trace minerals for animal feed market growth during the next five years
  • Precise estimation of the organic trace minerals for animal feed market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the organic trace minerals for animal feed industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of organic trace minerals for animal feed market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Poultry - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Poultry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Poultry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Poultry - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Poultry - Year-over-year growth 2021-2026 (%)
    • 5.4 Swine - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Swine - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Swine - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Swine - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Swine - Year-over-year growth 2021-2026 (%)
    • 5.5 Ruminants - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Ruminants - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Ruminants - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Ruminants - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Ruminants - Year-over-year growth 2021-2026 (%)
    • 5.6 Others - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by Type
      • Exhibit 44: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 UK - Market size and forecast 2021-2026
      • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.10 Canada - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.11 China - Market size and forecast 2021-2026
      • Exhibit 82: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 10.3 Alltech Inc.
              • Exhibit 97: Alltech Inc. - Overview
              • Exhibit 98: Alltech Inc. - Product / Service
              • Exhibit 99: Alltech Inc. - Key offerings
            • 10.4 Archer Daniels Midland Co.
              • Exhibit 100: Archer Daniels Midland Co. - Overview
              • Exhibit 101: Archer Daniels Midland Co. - Business segments
              • Exhibit 102: Archer Daniels Midland Co. - Key news
              • Exhibit 103: Archer Daniels Midland Co. - Key offerings
              • Exhibit 104: Archer Daniels Midland Co. - Segment focus
            • 10.5 Biochem additives and product mbH
              • Exhibit 105: Biochem additives and product mbH - Overview
              • Exhibit 106: Biochem additives and product mbH - Product / Service
              • Exhibit 107: Biochem additives and product mbH - Key offerings
            • 10.6 Cargill Inc.
              • Exhibit 108: Cargill Inc. - Overview
              • Exhibit 109: Cargill Inc. - Product / Service
              • Exhibit 110: Cargill Inc. - Key news
              • Exhibit 111: Cargill Inc. - Key offerings
            • 10.7 Global Animal Products
              • Exhibit 112: Global Animal Products - Overview
              • Exhibit 113: Global Animal Products - Product / Service
              • Exhibit 114: Global Animal Products - Key offerings
            • 10.8 Kemin Industries Inc.
              • Exhibit 115: Kemin Industries Inc. - Overview
              • Exhibit 116: Kemin Industries Inc. - Product / Service
              • Exhibit 117: Kemin Industries Inc. - Key news
              • Exhibit 118: Kemin Industries Inc. - Key offerings
            • 10.9 Koninklijke DSM NV
              • Exhibit 119: Koninklijke DSM NV - Overview
              • Exhibit 120: Koninklijke DSM NV - Business segments
              • Exhibit 121: Koninklijke DSM NV - Key news
              • Exhibit 122: Koninklijke DSM NV - Key offerings
              • Exhibit 123: Koninklijke DSM NV - Segment focus
            • 10.10 QualiTech Inc.
              • Exhibit 124: QualiTech Inc. - Overview
              • Exhibit 125: QualiTech Inc. - Product / Service
              • Exhibit 126: QualiTech Inc. - Key offerings
            • 10.11 Tanke BioSciences Corp.
              • Exhibit 127: Tanke BioSciences Corp. - Overview
              • Exhibit 128: Tanke BioSciences Corp. - Product / Service
              • Exhibit 129: Tanke BioSciences Corp. - Key offerings
            • 10.12 Zinpro Corp.
              • Exhibit 130: Zinpro Corp. - Overview
              • Exhibit 131: Zinpro Corp. - Product / Service
              • Exhibit 132: Zinpro Corp. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 133: Inclusions checklist
                • Exhibit 134: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 135: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 136: Research methodology
                • Exhibit 137: Validation techniques employed for market sizing
                • Exhibit 138: Information sources
              • 11.5 List of abbreviations
                • Exhibit 139: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
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              The organic trace minerals for animal feed market growth will increase by $355.79 million during 2021-2026.
              The organic trace minerals for animal feed market is expected to grow at a CAGR of 8.14% during 2021-2026.
              Technavio has segmented the organic trace minerals for animal feed market by type (Poultry, Swine, Ruminants, Others, and Middle East and Africa) and geography (North America, Europe, APAC, Middle East and Africa, and South America).
              Alltech Inc., Archer Daniels Midland Co., Balchem Corp., BASF SE, Biochem additives and product mbH, Cargill Inc., Davidson Brothers Shotts Ltd., Global Animal Products, J. Rettenmaier and Sohne GmbH Co KG, Kemin Industries Inc., Koninklijke DSM NV, Norel SA, Novus International Inc., Nutreco NV, Phibro Animal Health Corp., Priya Chemicals, QualiTech Inc., SUBONEYO Chemicals Pharmaceuticals P Ltd., Tanke BioSciences Corp., Zinpro Corp. are a few of the key vendors in the organic trace minerals for animal feed market.
              Europe will register the highest growth rate of 24.63% among the other regions. Therefore, the organic trace minerals for animal feed market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the organic trace minerals for animal feed market growth are:
              • Health benefits of trace animals
              • Increased use of water-soluble organic feed additives
              The organic trace minerals for animal feed market vendors should focus on grabbing business opportunities from the poultry segment as it accounted for the largest market share in the base year.
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