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Feed Micronutrients Market drivers of growth analysed in a new research report

Feed Micronutrients Market size was valued over USD 1.2 billion in 2016 and is set to exceed 2 billion tons by 2024.<br><br>Get more details @ https://goo.gl/QYCfiU

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Feed Micronutrients Market drivers of growth analysed in a new research report

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  1. Feed Micronutrients Market to cross $2bn by 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from Feed Micronutrients Market : • Poultry was worth over USD 540 million in 2016. Increasing demand for processed food coupled with egg consumption will propel the industry growth. • Ruminants will generate over USD 500 million in revenue by 2024. Rising milk consumption globally will facilitate industry growth. For instance, annual milk consumption in developing countries was around 55 kg per capita in 2016 and expected to reach 66 kg by 2030. • North America feed micronutrients market was valued over USD 365 million in 2016. Rising demand for nutrient rich meat to ensure healthy diet are the key factors positively influencing the product demand. Strong outlook for vitamins, ferments and emulsifiers in this region due to presence of livestock breeding centers will support the business growth.

  3. Continued... • Asia Pacific, led by China feed micronutrients demand was over 80 kilotons in 2016. Increasing health awareness along with rising consumption of milk, curd, cheese & yogurt are the key factors driving growth. • Europe market will value over USD 585 million by 2024. Favorable government regulations pertaining to bio products will drive the product demand. Fodder industry expansion along with growth in livestock farming & breeding activities is expected to stimulate industry growth. • Global feed micronutrients market share is moderately fragmented due to presence of multinational as well as domestic manufacturers. Cargill, Aries Agro, Nutreco N.V., ADM, Agrium Advanced Technologies, Balchem Corp., Qualitech, Alltech, Kemin, Lallemand, Gawrihar Bio-Chem, Novus International and Zinpro Corporation are among the key industry players.

  4. U.S. Feed Micronutrients Market Size, By Product, 2016 & 2024 (USD Million)

  5. Browse Full Market Research Report On Feed Micronutrients Market @ https://goo.gl/QYCfiU Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/1921

  6. 360° Analysis • Application Trends • Increasing awareness among consumers pertaining to side effects from chemically processed foods will support the demand. Adverse effects of fodder on animal’s health due to lack of certain vital nutrients, makes the product a crucial supplement in livestock’s everyday meal. Rising demand for nutrient rich meat & dairy products for providing healthy diet to consumers is further fueling industry growth. • Regional Trends • APAC, led by India and China feed micronutrient market was at over 83 kilotons in 2016. Surge in demand for nutritious food particularly in geriatric population for increasing life expectancy level will benefit product demand. Rising meat consumption particularly in India, China and rest of the world, favorable socio-economic factors are the factors positively influencing the industry demand. As per recent statistics, an average Japanese person consumes around 50 kg of meat every year. • Competitive Market Share • Companies are adopting strategies including, collaboration, partnership and new product launch for providing an opportunity to increase product penetration. Expansion of supply chain network across North America and APAC to increase geographical presence will influence industry share.

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