Animal Feed Organic Trace Minerals Market worth $1.3 billion by 2027,

On Jan 20, 2022

Animal Feed Organic Trace Minerals Industry is set to register around 6% CAGR through 2027 supported by increasing prevalence of infectious diseases in livestock especially poultry

SELBYVILLE, Del., Jan. 20, 2022 /PRNewswire/ — The animal feed organic trace minerals market revenue is projected to cross USD 1.3 billion by 2027, according to a new research report by Global Market Insights Inc. 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 overall market demand.

Animal feed organic trace minerals industry from iron exceeded USD 150 million in 2020 and is expected to grow at a CAGR of 5.5% during the forecast period. Iron is used in haemoglobin formation, and it helps to oxygenate the blood, boosts the immune system, aids cognitive function are expected to raise the product demand.

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Some major findings of the animal feed organic trace minerals 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.
Global market from swine is anticipated to reach over USD 260 million by 2027 at a CAGR of over 5.5% during the forecast period.
Asia Pacific market is set to register around 7% CAGR up to 2027 due to 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.
Alltech, Inc, Archer Daniels Midland Company, Pancosma SA, Biochem, Royal DSM, Vamso Biotec Pvt. Ltd., and Novus International, Inc., are some of the major players operating in the global 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.

Browse key industry insights spread across 300 pages with 225 market data tables and 15 figures & charts from the report, “Animal Feed Organic Trace Minerals Market By Mineral (Zinc, Iron, Manganese, Copper), Livestock (Ruminant, Swine, Poultry), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/animal-feed-organic-trace-minerals-market

Growth in industrial livestock production due to increasing per capita consumption of poultry and beef is expected to drive the demand for animal feed organic trace minerals. According to the Organization for Economic Co-operation and Development (OECD), poultry is be the most consumed in most parts of the region in 2019, followed by beef and veal. For example, per capita consumption of beef and…