Selbyville Delaware the prime objective of Feed Micronutrients report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report.
Vitamins are anticipated to witness CAGR at over 6% from 2019 to 2025. Increasing necessity to improve the metabolism rate, immunity and reproductive performance among livestock is expected to foster product demand. Rising livestock farming will propel the demand for feed vitamins supplements as farmers are expected to ensure the premixes fit their specific farming prospects and meet the demands through all production stages of the animals.
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Increasing high-quality meat & dairy products consumption for addressing micronutrient deficiencies and health problems is anticipated to drive the feed micronutrients market. Factors such as enhancing food absorption, weight gain coupled with improving overall animal health will significantly fuel the product demand. In addition, rising concern pertaining to surging expenditure on the animal health maintenance with increasing disease outbreak will provide a strong business outlook for industry expansion.
Rapid expansion of the animal feed industry particularly in the developing economies such as China, Japan, Mexico, and Brazil are likely to create new growth opportunities for industry participants. Favorable government regulations and norms particularly by REACH, CFIA, and FDA for preventing the usage of the synthetic additive and lessen the occurrence of micronutrient malnutrition will fuel industry growth over the projected time period.
Asia Pacific is anticipated to hold over 30% volume share in the overall feed micronutrients market in 2018. Surging demand for meat-based food products across the major economies such as China, India, and Japan due to the rapid population & economic growth in the region will augment the industry landscape. Besides, shifting consumer trends from traditional carbohydrates diets such as rice to the food products rich in protein & essential micronutrients will further elevate overall business expansion across Asia Pacific.
Middle East and Africa feed micronutrients market will witness a CAGR exceeding 6% over the projected time frame. An upsurge in the micronutrients deficiencies coupled with significant inadequacies among the livestock across the region will boost product demand in the market. Increasing prevalence of non-cultivable lands coupled with growing government-sponsored initiatives to prevent malnutrition and micronutrients deficiencies among the regional population will provide a strong outlook for the business expansion.
Global feed micronutrients market share is moderately fragmented owing to the presence of major and domestic players. Aries Agro, Cargill, ADM, Nutreco N.V., Balchem Corp., Agrium Advanced Technologies, Alltech, Qualitech, Lallemand, Kemin, Novus International, Zinpro Corporation, and Gawrihar Bio-Chem are among the major industry participants. Key players are anticipated to invest in new product development and launches to gain a competitive advantage and enhancement of the consumer base. Mergers & acquisitions along with product portfolio diversification are the key business strategies adopted by the industry participants.
Trace minerals segment is expected to witness growth exceeding 8% in terms of revenue up to 2025. Iron is among the major elements that are used in the production of high-quality animal feed. Key health benefits including improved digestion & overall health among the ruminants and poultry animals owing to its large oxygen carrying capacity in the body will drive the feed micronutrients market.
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