The increasing middle-class population and rising per capita income, along with increasing expenditure on animal health and wellness are some of the drivers ofthe animal feed micronutrients market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=233488872
This research report provides a separate in-depth market insight into the global industry.There has been an increasing pressure on the livestock sector to meet the growing demand for high-value animal protein. In order to meet this increasing demand, animal farmers as well as animal breeders increases their production. This trend has created massive demand for these micronutrients, which plays a major role in optimizing the growth of animals as well as their production rate. This report takes into account the wide range of factors determining the size of the animal feed micronutrients market and their influence on the market dynamics. The market drivers and restraints are explained in detail in the report, along with growth opportunities in the animal feed micronutrients industry.
The animal feed micronutrients market is expected to reach a value of $1476.3 million by 2019 growing at a CAGR of 6.1% from year 2014 to 2019.The market is estimated by segmenting the market into micro-markets, based on the share of each type, livestock, and geographical region. The animal micronutrients market is segmented into zinc, iron, manganese, copper and others according to type, and ruminants, poultry, aqua, swine, equine and others, by livestock. The market data is available from 2012 to 2019 with a forecasted CAGR from 2014 to2019.
The Asia-Pacific region topped the consumption chart of the global animal feed micronutrients market, having accounted for around 32% of the total share in 2013.The global market value for these micronutrients is expected to grow at a CAGR of 6.1% by 2019, with the highest growth projected to be observed in the Asia-Pacific region, wherein China is projected to be the market leader. Here, increasing urbanization with increased domestic demand for meat and meat export opportunities are major factors motivating the growth of the animal micronutrients market.
Speak to analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=233488872
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]