Animal Feed Organic Trace Minerals Market by Trends and Growth to 2027

1. Animal Feed Organic Trace Minerals Market - Latest Trends, Development Outlook and Demand Analysis to 2027

2. Animal Feed Organic Trace Minerals Market size is expected to surpass USD 1.3 billion by 2027. Growing awareness regarding the need to improve gut health and immunity of livestock coupled with the increasing outbreak of diseases in animal will boost the demand for organic trace minerals over the forecast period. • Some major findings of the market report include: • Growing demand for highly nutritious, protein-rich foods, such as eggs and poultry meat, in daily diets is likely to boost product demand and drive market growth during the assessment period. • Animal feed organic trace minerals market for iron was valued at USD 150.0 million in 2020 and expected to grow at a CAGR of 5.5% during the forecast period. Iron is used in hemoglobin formation, and it helps to oxygenate the blood, boosts the immune system, aids cognitive function are expected to raise the product demand. • The animal feed organic trace minerals market for swine is anticipated to reach USD 260.0 million by 2027 and is expected to grow at a CAGR of over 5.5% during the forecast period • Increasing poultry farming activities in different countries of Asia Pacific, such as India, China, Thailand, and Japan coupled with favorable government support in the form of schemes and subsidies will promote the growth of poultry farming, fostering demand for organic feed additives including trace minerals thereby driving the regional market at a CAGR of 7.0%.

3. The North America animal feed organic trace minerals market is estimated to reach USD 480.0 million by 2027 and is expected to grow at a CAGR of around 5.5% over the forecast timeframe. • Alltech, Inc, Archer Daniels Midland Company, Pancosma SA, Biochem, Royal DSM, VamsoBiotec Pvt. Ltd., and Novus International, Inc., are some of the major players operating in the market • Market players are investing heavily in R&D to develop & manufacture innovative & cost-effective products capable of improving the gut health and immunity of livestock. • According to the Food and Agriculture Organization (FAO), poultry populations increased from 9,038.3 million in 2018 to 9,177.2 million in 2019. The population of cattle and calves in the region was 93.8 million in 2020. Therefore, increasing consumer demand for animal meat will create the need for increased yields that can be achieved by adding organic animal feed additives such as trace minerals to the feed. North America animal feed organic trace minerals is anticipated to reach USD 450.0 million by 2027 and is expected to grow at a CAGR of 5.5% throughout the assessment period.

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5. Regional Analysis • The U.S. is believed to dominate the market due to increased consumption of livestock and the mass production of animal feed. according to ITC Trade, the country has exported 1,360,916 tons of animal feed in 2019, compared to 1,448,583 tons in 2018. The U.S. animal feed organic trace mineral market was valued at over USD 260 million in 2020 and is expected to grow at a CAGR of 5.0% over the forecast period. • Competitive Analysis • Key players in the animal feed organic trace mineral market are Alltech, Inc, Royal DSM, Archer Daniels Midland Company, VamsoBiotec Pvt. Ltd., Novus International, Inc., Pancosma SA, Cargill, Biochem, and Nutreco N.V. The companies are engaged in extensive research & development to develop innovative products to improve the quality of products and expansion of production facilities to cater the growing demand.

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