Global Market Insights, Inc. has launched a report on Animal Feed Organic Trace Minerals Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

Growing of dairy and meat products demand to suffice the dietary needs of the increasing population will propel the animal feed organic trace minerals market from 2018 to 2024. As of 2017, global meat production was over 260 million tons, with considerable consumption share centered in South and eastern part of the Asia Pacific. Requirement to provide livestock with healthy diet and improve the quality of the produce is expected to remain the chief factor fueling the industry growth.

Enhanced bioavailability along with improved gut absorption are among the key factors fueling the animal feed organic trace minerals business growth. As per analysis, organic trace minerals are almost twice bioavailable than inorganic variant. The other key benefits of organic trace minerals include disease prevention, improved food absorption rate, weight gain, and reduced fatigue. Lack of essential nutrients in processed fodders coupled with increasing incidence of side effects to cattle caused by meat consumption of toxic chemicals is impacting the consumer preferences.

Growing animal feed industry along with increasing efforts to produce healthy livestock is propelling the market growth. Europe and Asia pacific are among the fastest growing animal feed markets. Significant buyer paradigm shift towards natural fodder preferences coupled with healthy diet will provide new growth opportunities over the next few years.

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Europe accounted for more than 25% of the overall animal feed organic trace demand in 2017. Increasing forage additive consumption, such as vitamins, enzymes, minerals, and carotenoids owing to the rising deficiency among the livestock will proliferate the regional industry growth. Significant expansion in the presence of manufacturing facilities for meat and pork products, particularly in France and UK will provide positive scope for the animal feed organic trace mineral market expansion across the region. 

Asia Pacific is anticipated to surpass 100 kilotons demand by 2024. The region is among the largest meat producer, accounting for more than 40% of the meat production.  China is estimated to be the largest producer and consumer of pork, holding 49% of the global pork production in 2016.  As per OECD global meat consumption trends, China registered for over 30 kilograms per capita meat usage in 2017. Japan is witnessed to be the largest importing country for pork meat, followed by China, Mexico, South Korea, and the U.S. 

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Global animal feed organic trace minerals market share is highly consolidated owing to the presence of few dominating companies including Phibro Animal Health Corp, Novus International, and Alltech Inc. The other key industry participants include Zinpro, Royal DSM, Cargill, Archer Daniels Midland, Pancosma, Ridley, Kemin Industries, QualiTech, Tanke Biosciences, Mercer Milling, U.S. Rare Earth Minerals, Vamso Biotec, Biochem Lohne Germany and Nutreco.

Mergers & acquisitions, collaborations, supply chain agreements, and product enhancements are the crucial strategies adopted by these industry players. The manufacturers are involved in the supply agreements with the several end-use industries. For instance, in April 2018, Kemin Industries acquired Unique Beta-Glucan Technology developed by Algal Scientific. Other notable players include.

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