Global Animal Feed Organic Trace Minerals Market was valued at USD 654.79 million in 2021 and is expected to reach USD 1061.8 million by the year 2028, at a CAGR of 7.15%.
Minerals that are required by animals in small amounts for their development and growth are known as trace or microminerals. When the source from which these minerals are obtained is organic then these minerals are known as trace organic minerals or mineral chelates. Trace minerals play a vital role in several metabolic processes in the body. Moreover, commonly used trace organic minerals in animal nutrition are manganese (Mn), zinc (Zn), copper (Cu), iron (Fe), chromium (Cr), and selenium (Se). Zinc plays an important role in carbohydrate metabolism, protein synthesis, and numerous other biochemical reactions thus making it one of the vital nutrients for animal development. Iron is known for its oxygen-carrying capacity in blood moreover, several iron-dependent enzymes play a vital role in the various biochemical process. Various researches have shown that utilization of trace organic minerals in animal feed has increased milk yield and quality of meat. Moreover, inorganic minerals may interact with oxalate, phytate, silicates, tannin, fiber, or other minerals in the gastrointestinal tract, which may inhibit their absorption thus hampering animal development and growth.
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The Global Animal Feed Organic Trace Minerals Market presents comprehensive knowledge that produces a valuable provider of perceptive knowledge for business strategists throughout 2022-2028. supporting historical knowledge, the Animal Feed Organic Trace Minerals Market report provides major segments and their sub-segments, revenue, and supply and demand knowledge. Given the technological innovations at intervals among the market, the business is perhaps going to emerge as a complementary platform for investors at intervals among the rising market. a radical competitive analysis covering perceptive knowledge on business leaders is supposed to help potential market entrants and competitive existing players to appreciate their alternatives in the right direction. The market structure analysis discusses fine the profile of the Animal Feed Organic Trace Minerals Market company, revenue share at intervals the market, comprehensive product portfolio, networking and distribution strategy, regional market footprint, and more.
Top Participants are included in this Animal Feed Organic Trace Minerals Market report:
Phibro Animal Health Corporation (US),Novus International (US),Alltech Inc,EW Nutrition (Germany),DSM (Netherlands),Cargill Incorporated (US),ADM (US),Pancosma (Switzerland),Ridley Corporation Limited (US),Kemin Industries Inc (US),QualiTech (India),Nutreco (Netherlands),Zinpro Corp (US),Biochem Zusatzstoffe Handels (Germany),Purina Animal Nutrition LLC (US),Others
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COVID-19 Impact on Animal Feed Organic Trace Minerals Market
COVID-19 pandemic has affected almost every industry globally and the long-term effects of COVID-19 on the animal feed organic trace minerals market are distressing. Due to the rapid outbreak of COVID-19 disease manufacturing companies were forced to shut down their manufacturing plants to constrain the spread of the virus. Shutting down of companies resulted in high pricing of animal feed products that were available in the market resulted in ignorance by farmers to purchase these products. After the decline in the cases of COVID-19 manufacturing companies were refrained from operating with the maximum number of workers which resulted in less production and a shortage in supply. Various governments-imposed bans on imports and exports of goods thus resulting in scarcity of raw materials used in the production of animal feed. During the pandemic, people were more concerned about their health which prevented them from buying products for animal nutrition. Recovering economies and proper supply chains are expected to shape the development in the animal feed organic trace minerals market during the forecast period
Key Important Features Which Are Under Offering And Key Highlights Of The Animal Feed Organic Trace Minerals Market Report:
– Detailed Summary of Market
– Changing market dynamics of this industry
– Forex marketplace segmentation with Type, Program etc.
Animal Feed Organic Trace Minerals Market Segmentation:
In market segmentation by Minerals Type, Animal Feed Organic Trace Minerals Market report covers:
Zinc,Copper,Iron,Chromium,Selenium,Manganese,Others
In market segmentation by Applications, Animal Feed Organic Trace Minerals Market report covers:
Ruminants,Poultry,Swine,Others
Major geographies analyzed under this Animal Feed Organic Trace Minerals Market report are:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain rest of region.)
- Asia-Pacific (China, India, Japan, Southeast Asia rest of region.)
- South America (Brazil, Argentina rest of region.)
- Middle East Africa (Saudi Arabia, South Africa rest of region)
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COVID-19 Impact on Animal Feed Organic Trace Minerals Market
COVID-19 pandemic has affected almost every industry globally and the long-term effects of COVID-19 on the animal feed organic trace minerals market are distressing. Due to the rapid outbreak of COVID-19 disease manufacturing companies were forced to shut down their manufacturing plants to constrain the spread of the virus. Shutting down of companies resulted in high pricing of animal feed products that were available in the market resulted in ignorance by farmers to purchase these products. After the decline in the cases of COVID-19 manufacturing companies were refrained from operating with the maximum number of workers which resulted in less production and a shortage in supply.
The Report Covers Exhaustive Analysis On:
- The market size and industry growth rate of the global and regional market across various segments
- Based on extensive primary and secondary research this report provides comprehensive and granular data
- Key technological advancements and market trends that shape the market
- Brand dynamics and distribution trends in order to effectively plan strategies in the forecast period 2022-2028
- Key companies operating in this market and their market share
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