Market Analysis: Global Feed Micronutrients Market

Global feed micronutrients market is expected to rise from its initial estimated value by registering a substantial CAGR of 7.3% in the forecast period of 2019-2026. Rising consumer knowledge of ruminant health along with the increasing breeding expenditures and animal husbandry will increase the market growth.

Market Definition: Global Feed Micronutrients Market

Micronutrients are the vitamins, minerals and the trace elements that are necessary for cellular growth and differentiation, energy metabolism, organ and immune function. Deficiency of these micronutrients may cause bad health and performance. Animals need vitamins, minerals, energy, protein and water in proper amount to regulate growth, lactation and reproduction. It contributes towards prevention of diseases and digestibility in livestock. They are primarily very popular due to the growth advocate with beneficial results on reproductive maximization, digestibility and prevention of diseases.

Market Drivers

Affirmative government norms and regulations specially by CFIA, REACH and FDA for prevention of the micronutrient malnutrition and reduction of synthetic additives consumption will propel the market growth
Adoption of nutritious diets will increase the demand for meat resulting in the growth of the market
 Growing use of trace minerals in dietary supplements to upgrade the quality of animal-based foods and the reproductive efficiency of animals will boost the market growth
Increasing adoption of pet and huge spending on animal health and wellness will drive the market growth

Market Restraints

Requirement of huge research and development expenditures for the development of organic minerals may hinder the market growth
Strict mandates to control the use of zinc and copper that are considered as soil pollutants is restraining the market growth

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Segmentation: Global Feed Micronutrients Market

By Product

Trace Minerals
Iron
Zinc
Manganese
Copper
Boron
Vitamins
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin K
Vitamin E
Carotenoids

By Livestock

Poultry
Ruminant
Aquaculture
Swine
Equine

By Geography

North America
U.S.
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Denmark
Poland
Sweden
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Thailand
Malaysia
Indonesia
Philippines
Vietnam
New Zealand
Rest of Asia-Pacific
Middle East & Africa
South Africa
UAE
Oman
Kuwait
Saudi Arabia
Qatar
Rest of Middle East & Africa

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Key Developments in the Market:

In 2018, Micronutrients (USA) collaborated with Kemin Industries for introducing IntelliBond VITAL 5 Cr. Both the companies are focused on providing dairy and beef cattle nutritionists with safe, high-quality nutritional ingredients. IntelliBond VITAL 5 Cr is introduced for the better performance and well-being of dairy and beef cattle, by containing essential trace minerals for supporting performance of the animals
In 2016, Trouw Nutreco acquired Micronutrients, a giant in hydroxy-based trace minerals. Nutreco’s plan is to give an animal protein value chain to provide sustainable and innovative nutritional solutions to its customers that requires advanced techniques and application. The amalgamation with its product range and research and development capabilities, this acquisition made Trouw Nutrition a giant in specific feed additive segment of hydroxy trace minerals. Moreover the products of Micronutrients will help to strengthen global premix business of Trouw Nutrition’s

Competitive Analysis:

Global feed micronutrients market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of feed micronutrients market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in global feed micronutrients market are Novus International, RIDLEY USA INC., Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH, Phibro Animal Health Corporation., Koninklijke DSM N.V., Alltech, Cargill, Incorporated, Nutreco , Mercer Milling Co. Inc, Zinpro Corporation, Pancosma, Kemin Industries Inc,, Vamso Biotec Pvt. Ltd, Aries Agro Limited, Nutrien Ag Solutions (Canada), Inc., Dow, Coromandel International, Haifa Group., and Helena Agri-Enterprises, LLC among others.

Primary Respondents

Demand Side: Chemical Manufacturers, Chemical specialists, Research Laboratories, Group Purchasing Organizations, Associations, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

Reasons to Purchase this Report

Current and future of global feed micronutrients market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)