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Written by Shalu Dhama » Updated on: October 23rd, 2024
IMARC Group, a leading market research company, has recently releases report titled “Animal Feed Organic Trace Minerals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032” The global animal feed organic trace minerals market size reached US$ 758.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,302.7 Million by 2032, exhibiting a growth rate (CAGR) of 6.01% during 2024-2032.
Request For Sample Copy of Report For More Detailed Market insight: https://www.imarcgroup.com/animal-feed-organic-trace-minerals-market/requestsample
Factors Affecting the Growth of the Animal Feed Organic Trace Minerals Industry:
The increasing demand for animal protein sources, including meat, eggs, and dairy products, is impelling the growth of the market. As global populations grow, particularly in developing regions, dietary preferences shift towards higher protein intake, necessitating enhanced livestock production. Organic trace minerals play a crucial role in improving animal health and productivity, leading to higher quality animal products. These minerals improve feed utilization and increase resistance to diseases, thereby enhancing overall livestock efficiency. This is critical as producers seek to meet rising expectations for sustainable and responsibly sourced animal products.
Increasingly strict regulations regarding animal welfare and feed quality across the globe are encouraging livestock producers to adopt higher-quality feed additives, including organic trace minerals. These regulations often focus on reducing the environmental impact of livestock farming and enhancing animal health, which aligns with the benefits provided by organic trace minerals. They are more bioavailable and less environmentally damaging than their inorganic counterparts, as they reduce the excretion of unused minerals and decrease the risk of soil and water pollution. As a result, the regulatory push for sustainable farming practices encourages the integration of these minerals into animal diets.
Technological advancements in animal feed production and nutrition research are supporting the market growth. The development of chelated minerals, which are minerals bound to organic molecules, is enhancing the bioavailability of nutrients, leading to more efficient absorption and utilization by animals. This is critical in improving the health, performance, and productivity of livestock, which in turn supports the profitability and sustainability efforts of farmers. Moreover, ongoing research and innovation in nutrition science continue to highlight the benefits of organic trace minerals over inorganic alternatives, including improved immune response and reproductive health in animals.
Leading Companies Operating in the Global Animal Feed Organic Trace Minerals Industry:
Animal Feed Organic Trace Minerals Market Report Segmentation:
By Trace Element Type:
Zinc represents the largest segment as it influences both innate and adaptive immune responses by regulating the activity and development of immune cells such as neutrophils and natural killer cells.
By Animal Type:
Poultry holds the biggest market share owing to the rising consumption of poultry meat and eggs among the masses.
Regional Insights:
Asia Pacific’s dominance in the animal feed organic trace minerals market is attributed to the increasing concerns about environmental pollution caused by the extensive use of chemicals in farming.
Global Animal Feed Organic Trace Minerals Market Trends:
Innovation and customization in feed formulations tailored to specific animal health and production needs are bolstering the market growth. Feed manufacturers are increasingly investing in research and development (R&D) to create differentiated products that offer specific health benefits, such as enhanced fertility, better growth rates, and improved resistance to diseases. These customized solutions often incorporate organic trace minerals, which are tailored to optimize nutrient absorption and effectiveness based on the species, age, and health condition of the livestock. The ability to customize feed formulations with specific types of organic trace minerals allows producers to maximize the genetic potential of their livestock and adapt to varying climatic conditions and management practices.
Other Key Points Covered in the Report:
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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