October 24th, 2022
Global Animal Feed Micronutrient Market was valued at USD 1.65 billion in 2021 and is expected to reach USD 2.48 billion by the year 2028, at a CAGR of 6%.
Animal feed micronutrients are nutrients required for the animal body in trace amounts for the sufficient development of an organism. The nutrients are essential for functioning in the body and this is dependent on the availability of micronutrients. Additionally, micronutrients are used as an animal feed additive for boosting feed quality to improve the health of livestock. The micronutrients work in providing complex functions during production and in upgrading enzyme system operations. Furthermore, the capability of animal feed micronutrients to raise the weight of animals, especially swine, is likely to help a positive scope for industry growth.
Animal feed micronutrients are feed additives widely delineated as trace elements that play a significant role in promoting animal health by enhancing the quality of feed. Molybdenum, boron, selenium, and zinc is an example of a few micronutrients taken into account as additives. Micronutrients help in maintaining and enhancement of carbohydrate metabolism which delivers a persistent stream of energy to living cells by disintegration and mutual conversion of carbohydrates. Besides, micromineral many prebiotics such as isomaltooligosaccharides, xylooligosaccharides, and fructooligosaccharides are utilized as feed additives.
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Key Prominent Players In The Animal Feed Micronutrient Market:
· Nutreco N.V.
· Balchem Corporation
· BASF SE
· Novus International Inc.
· Purina Animal Nutrition LLC.
· AG Solutions
· Beachport Corporation Pvt Ltd
· Zinpro Corporation
· Bluestar Adisseo Company
· Prathista Industries Ltd
· Dallas Keith Limited
· Archer Daniels Midland Company
· Koninklijke DSM N.V.
· Alltech Inc
· Kemin Industries
· Lallemand Inc. and other major players.
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The Animal Feed Micronutrient market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
By Product Type
Regional Analysis for COVID-19 Outbreak-Global Animal Feed Micronutrient Market:
APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
North America (U.S., Canada, and Mexico)
South America (Brazil, Chile, Argentina, Rest of South America)
MEA (Saudi Arabia, UAE, South Africa)
Animal Feed Micronutrient Report provides insights into the following queries:
1.Market growth rate and growth momentum of Animal Feed Micronutrient market for the period 2022-2028
2. The estimated size of the Animal Feed Micronutrient market for the period 2022-2028
4. Sales (volume), revenue, and value analysis by regions of Animal Feed Micronutrient market
5. The associated market risk, opportunity, and market overview of the Animal Feed Micronutrient market
6. Major distributors, dealers, end-users, and traders of the Animal Feed Micronutrient market?
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This study conducts a SWOT analysis to evaluate the strengths and weaknesses of key players in the Animal Feed Micronutrient market. Additionally, the report performs a complex inspection of drivers and restraints operating in the market. The report also evaluates the observed trends in the parent market along with macroeconomic indicators, dominant factors and market attractiveness in relation to other segments. The report forecasts the impact of various industry aspects on the Animal Feed Micronutrient market segments and regions.
What insights does the Animal Feed Micronutrient Market report provide to the readers?
Animal Feed Micronutrient fragmentation on the basis of product type, end-use, and region
Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape
Various regulations imposed by the governments on the consumption of Animal Feed Micronutrient in detail
Impact of modern technologies, such as big data and analytics, artificial intelligence, and social media platforms on the global Animal Feed Micronutrient Market
For a deeper understanding of the market, the study also analyses revenue and sales by region, production costs, the industrial chain, market effect factors, Animal Feed Micronutrient industry data & graphs, bar & pie charts, tables, and much more. Segmentation analysis is crucial for creating a growth map. As a result, providers can quickly develop plans and maintain supply-demand equilibrium in the global market for Animal Feed Micronutrient.
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Key Industry Developments:
· In May 2016, Lallemand Inc., and Nutritech International declared that they are merging their business effective from 1St June 2016, to creating New Zealand’s largest provider of animal nutrition and forage additives technologies.
· In December 2016, Purina Animal Nutrition LLC., announced that they are signed an agreement for the enhances the sales and marketing efficiency with Magnet 360, a Salesforce Platinum Consulting Partner, Purina expanded its use of salesforce to include Marketing Cloud and Pardot.
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