Animal Feed Organic Trace Minerals Market by Product and Application - Global Industry Analysis and Forecast to 2025

2018-05-30 / 3800.00 / Food / 93 Pages

Description

Industrial Outlook and Trend analysis

The global animal feed organic trace minerals market was worth USD 484.67 million in the year 2016 and is predicted to reach approximately USD 869.55 million by 2025, while registering itself at a compound annual growth rate (CAGR) of 6.71% during the forecast period. Organic trace minerals also termed chelates are utilized in small amounts in animal feed. The animal feed industry that is witnessing substantial growth is said to be the key factor that influences the growth of the market during the forecast period. Growing consumption of meat is also a major factor behind the growth of the market as meat is known to be the highest source of proteins. A switch in the pattern of food consumption which includes proteins extracted from animals is playing a vital part in the increasing consumption of meat across the globe. Factors as such are anticipated to influence the growth of the organic trace minerals significantly. The United States was the second largest market in the year 2016 after China. Zinc was the leading product segment of the organic trace mineral in the country. The consumption of zinc is extremely beneficial for the animals as it enhances the immunity and the capacity of reproduction in animals. Owing to such factors the demand in the United States market has increased. The United States had the largest consumption of poultry and pork in the year 2016. The country widely contributed towards the growth of the feed industry that led to increasing requirement of the organic trace minerals.

Product Outlook and Trend Analysis

Certain minerals that are extremely important in the animal feed are manganese, iron, cobalt, copper and zinc. The primary function of these organic trace minerals is to enhance the quality of the feed, even though they are utilized in very small amounts. These functions have increased the value of utilization of these minerals which boosts the growth of the market significantly. Zinc assists in enhancing the immunity and metabolism in animals. Zinc registered as the major share of 34.1 percent in the year 2016 in the United States market of animal feed organic trace minerals which increased its demand in the industry. However, this mineral can be harmful if consumed in excess that propels regulations to make sure the mineral is being utilized in limit. The iron market is anticipated to grow significantly in the coming years as it assists in storing oxygen into the tissues and muscles of animals as well as transport oxygen in the blood. The excellent benefits provided by iron are anticipated to spur the growth of the market.

Application Outlook and Trend Analysis

Organic trace minerals are useful in feeds of pigs, horses, dairy cattle and poultry. Poultry dominated the application segment in 2016 which registered 42.8 percent of the total share of the market. The increasing consumption of eggs, broilers and turkeys is anticipated to have a positive influence of the demand of poultry in the coming years. In the year 2016, poultry was said to be the most consumed meat. Pork had the second largest share that accounted 28.3 percent of total market in the year 2016. As pork is said to be a high source of protein the increasing requirement of proteins derived from animals is said to be the major factor to boost the market. The disruption of disease in this field is common, which has led to manufacturers and processors of pork being aware of the importance of quality meat which is further anticipated to increase the requirement of organic trace minerals.

Regional Outlook and Trend Analysis

In the year 2016 the organic trace minerals market was dominated by Asia Pacific. India and China had the largest share making the region the largest processor and consumer of feed. Europe had a share of 27.7 percent of the market in the year 2016. This region witnessed major growth due to increasing demand of animal feed from countries like France, Netherlands, Spain and Germany. Factors like suitable climatic conditions have assisted in the growth of poultry which has spurred the requirement for organic trace minerals. The North American market is anticipated to witness steady growth owing to increased consumption of turkey and pork. This region is said to have steady growth of the dairy cattle industry, thereby influencing the growth of the organic trace mineral market.

Competitive Insights

In the year 2015 Cargill Inc., had a turnover of USD 120 billion. This made the company the largest player in the market of organic trace minerals in the year 2016. With the aim of increasing its share in the growing region of Asia Pacific, the company introduced an animal nutrition manufacturing plant in Vietnam which was valued USD 8.5 million. Other key players in the market are Royal DSM NV, Alltech, Inc., Nutreco N.V. Expansions & investments and Archer Daniels Midland Co.

The Animal feed organic trace minerals market is segmented as follows-

By Product


Selenium
Iron
Zinc
Copper
Others


By Application


Horses
Dairy Cattle
Pigs
Poultry
Others


By Region


North America



U.S
Canada
Mexico



Europe



Germany
France
UK
Italy
Spain
Rest of Europe



Asia-Pacific



Japan
China
Australia
India
South Korea
Rest of Asia Pacific



Rest of the World



Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others


Some of the key questions answered by the report are:


What was the market size in 2016 and forecast from 2017 to 2025`
What will be the industry market growth from 2017 to 2025`
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast`
What are the major segments leading the market growth and why`
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition`

Table of Content

Table of Contents

1.Introduction

1.1.Report Description

1.2.Research Methodology

1.2.1. Secondary Research

1.2.2. Primary Research

2.Executive Summary

2.1.Key Highlights

3.Market Overview

3.1.Introduction

3.1.1. Market Definition

3.1.2. Market Segmentation

3.2.Market Share Analysis

3.3.Market Dynamics

3.3.1. Drivers

3.3.1.1.Growing animal feed industry

3.3.1.2.Increasing meat consumption

3.3.1.3.Advantages of organic trace minerals

3.3.2. Restraints

3.3.2.1.Growing occurrences of animal diseases

3.3.3. Opportunities

3.3.3.1.Increment in animal’s meat quality

3.4.Industry Trends

4.Animal Feed Organic Trace Minerals Market, By Product

4.1.Introduction

4.2.Animal Feed Organic Trace Minerals Market Assessment and Forecast, By Product, 2016-2025

4.3.Selenium

4.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.4.Iron

4.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.5.Zinc

4.5.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.6.Copper

4.6.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.7.Others

4.7.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

5.Animal Feed Organic Trace Minerals Market, By Application

5.1.Introduction

5.2.Animal Feed Organic Trace Minerals Market Assessment and Forecast, By Application, 2016-2025

5.3.Horses

5.3.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)

5.4.Dairy Cattle

5.4.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)

5.5.Pigs

5.5.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)

5.6.Poultry

5.6.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)

5.7.Others

5.7.1.1.Market Assessment and Forecast, By Region, 2016-2025 ($Million)

6.Animal Feed Organic Trace Minerals Market, By Region

6.1.Introduction

6.2.Animal Feed Organic Trace Minerals Market Assessment and Forecast, By Region, 2016-2025 ($Million)

6.3.North America

6.3.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)

6.3.2. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.3.3. Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.3.3.1.U.S.

6.3.3.1.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.3.3.1.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.3.3.1.3.

6.3.3.2.Canada

6.3.3.2.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.3.3.2.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.3.3.3.Mexico

6.3.3.3.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.3.3.3.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.4.Europe

6.4.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)

6.4.2. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.4.3. Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.4.3.1.Germany

6.4.3.1.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.4.3.1.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.4.3.2.France

6.4.3.2.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.4.3.2.2.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.4.3.3.UK

6.4.3.3.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.4.3.3.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.4.3.4.Italy

6.4.3.4.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.4.3.4.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.4.3.5.Spain

6.4.3.5.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.4.3.5.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.4.3.6.Russia

6.4.3.6.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.4.3.6.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.4.3.7.Rest of Europe

6.4.3.7.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.4.3.7.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.5.Asia-Pacific

6.5.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)

6.5.2. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.5.3. Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.5.3.1.Japan

6.5.3.1.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.5.3.1.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.5.3.2.China

6.5.3.2.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.5.3.2.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.5.3.3.Australia

6.5.3.3.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.5.3.3.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.5.3.4.India

6.5.3.4.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.5.3.4.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.5.3.5.South Korea

6.5.3.5.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.5.3.5.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.5.3.6.Taiwan

6.5.3.6.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.5.3.6.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.5.3.7.Rest of Asia-Pacific

6.5.3.7.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.5.3.7.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.6.Rest of the World

6.6.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)

6.6.2. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.6.3. Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.6.3.1.Brazil

6.6.3.1.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.6.3.1.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.6.3.2.Turkey

6.6.3.2.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.6.3.2.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.6.3.3.Saudi Arabia

6.6.3.3.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.6.3.3.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.6.3.4.South Africa

6.6.3.4.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.6.3.4.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.6.3.5.United Arab Emirates

6.6.3.5.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.6.3.5.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

6.6.3.6.Others

6.6.3.6.1.Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.6.3.6.2.Market Assessment and Forecast, By Application, 2016-2025 ($Million)

7.Company Profiles

7.1.ALLTECH, INC.

7.1.1. Business Overview

7.1.2. Product Portfolio

7.1.3. Strategic Developments

7.2.Archer Daniels Midland Company

7.2.1. Business Overview

7.2.2. Product Portfolio

7.2.3. Key Financials

7.2.4. Strategic Developments

7.3.Biochem

7.3.1. Business Overview

7.3.2. Product Portfolio

7.3.3. Strategic Developments

7.4.Tanke International Group

7.4.1. Business Overview

7.4.2. Product Portfolio

7.4.3. Strategic Developments

7.5.Mercer Milling Co., Inc.

7.5.1. Business Overview

7.5.2. Strategic Developments

7.6.Kemin Industries, Inc.

7.6.1. Business Overview

7.6.2. Product Portfolio

7.6.3. Strategic Developments

7.7.Cargill, Inc.

7.7.1. Business Overview

7.7.2. Product Portfolio

7.7.3. Key Financials

7.7.4. Strategic Developments

7.8.Nutreco (wholly owned subsidiary of SHV Holdings N.V.)

7.8.1. Business Overview

7.8.2. Product Portfolio

7.8.3. Key Financials

7.8.4. Strategic Developments

7.9.Novus International Inc.

7.9.1. Business Overview

7.9.2. Product Portfolio

7.9.3. Key Financials

7.9.4. Strategic Developments

7.10.Pancosma S.A.

7.10.1.Business Overview

7.10.2.Product Portfolio

7.10.3.Strategic Developments

7.11.DSM

7.11.1.Business Overview

7.11.2.Product Portfolio

7.11.3.Key Financials

7.11.4.Strategic Developments

7.12.Zinpro Corp.

7.12.1.Business Overview

7.12.2.Product Portfolio

7.12.3.Strategic Developments


Table of Figures

Table 1.Animal Feed Organic Trace Minerals Market, By Product ($Million), 2016-2025
Table 2.Selenium Market, By Region ($Million), 2016-2025
Table 3.Iron Market, By Region ($Million), 2016-2025
Table 4.Zinc Market, By Region ($Million), 2016-2025
Table 5.Copper Market, By Region ($Million), 2016-2025
Table 6.Others Market, By Region ($Million), 2016-2025
Table 7.Animal Feed Organic Trace Minerals Market, By Applications ($Million), 2016-2025
Table 8.Horses Market, By Region ($Million), 2016-2025
Table 9.Dairy Cattle Market, By Region ($Million), 2016-2025
Table 10.Pigs Market, By Region ($Million), 2016-2025
Table 11.Poultry Market, By Region ($Million), 2016-2025
Table 12.Others Market, By Region ($Million), 2016-2025
Table 13.Animal Feed Organic Trace Minerals Market, By Region ($Million), 2016-2025
Table 14.North America Animal Feed Organic Trace Minerals Market, By Country, 2016-2025 ($Million)
Table 15.North America Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 16.North America Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 17.U.S. Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 18.U.S. Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 19.Canada Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 20.Canada Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 21.Mexico Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 22.Mexico Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 23.Europe Animal Feed Organic Trace Minerals Market, By Country, 2016-2025 ($Million)
Table 24.Europe Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 25.Europe Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 26.Germany Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 27.Germany Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 28.France Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 29.France Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 30.UK Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 31.UK Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 32.Italy Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 33.Italy Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 34.Spain Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 35.Spain Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 36.Russia Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 37.Russia Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 38.Rest of Europe Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 39.Rest of Europe Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 40.Asia-Pacific Animal Feed Organic Trace Minerals Market, By Country, 2016-2025 ($Million)
Table 41.Asia-Pacific Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 42.Asia-Pacific Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 43.Japan Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 44.Japan Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 45.China Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 46.China Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 47.Australia Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 48.Australia Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 49.India Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 50.India Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 51.South Korea Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 52.South Korea Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 53.Taiwan Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 54.Taiwan Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 55.Rest of Asia-Pacific Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 56.Rest of Asia-Pacific Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 57.Rest of the World Animal Feed Organic Trace Minerals Market, By Country, 2016-2025 ($Million)
Table 58.Rest of the World Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 59.Rest of the World Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 60.Brazil Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 61.Brazil Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 62.Turkey Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 63.Turkey Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 64.Saudi Arabia Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 65.Saudi Arabia Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 66.South Africa Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 67.South Africa Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 68.United Arab Emirates Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 69.United Arab Emirates Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 70.Others Animal Feed Organic Trace Minerals Market, By Product, 2016-2025 ($Million)
Table 71.Others Animal Feed Organic Trace Minerals Market, By Application, 2016-2025 ($Million)
Table 72.ALLTECH, INC.: Key Strategic Developments, 2015-2017
Table 73.Archer Daniels Midland Company: Key Strategic Developments, 2015-2017
Table 74.Biochem: Key Strategic Developments, 2015-2017
Table 75.Tanke International Group: Key Strategic Developments, 2015-2017
Table 76 ercer Milling Co., Inc.: Key Strategic Developments, 2015-2017
Table 77.Kemin Industries, Inc.: Key Strategic Developments, 2015-2017
Table 78.Cargill, Inc.: Key Strategic Developments, 2015-2017
Table 79.Nutreco (wholly owned subsidiary of SHV Holdings N.V.): Key Strategic Developments, 2015-2017
Table 80.Novus International Inc.: Key Strategic Developments, 2015-2017
Table 81.Pancosma S.A.: Key Strategic Developments, 2015-2017
Table 82.DSM: Key Strategic Developments, 2015-2017
Table 83.Zinpro Corp.: Key Strategic Developments, 2015-2017

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