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Strategic Analysis of the Global Organic Trace Minerals for Animal Feed Applications Market

Strategic Analysis of the Global Organic Trace Minerals for Animal Feed Applications Market

The global organic trace minerals (OTMs) for animal feed applications market generated an estimated revenue of $􂀀 million in 2013, and is expected to grow at a compound annual growth rate (CAGR) of􂀀% from 2013–2020.

Trace minerals are mostly supplemented in inorganic forms due to their availability and lower cost. However, more growth potential is seen with OTMs owing to their perceived benefits. The benefits associated with the use of OTMs, such as increased utilisation by animals, will drive demand, leading to revenue growth.

Zinc dominates the market. This trend is expected to continue throughout the forecast period, mainly due to requirement levels and the significant roles it plays in the body of animals, including immunity function and enzymes activation.

Developed regions dominate the OTM market, but it is the developing regions that have greater growth potential owing to changing consumption trends, increasing awareness in the region, and willingness to adopt proven ingredients.

Ruminant feed demand dominates the total OTM market, driven by demand for zinc. Zinc is not stored in cattle’s body for long; hence, it is continuously required in the adequate quantity in order to avoid deficiency.

OTMs for animal feed applications are expected to experience a steady increase in prices, driven by increasing demand.

Cost is a key restraining factor in this market. As a result, market participants have to continuously ensure and effectively communicate price competitiveness in line with effectiveness and benefits of products. Other key factors include high quality, efficacy, and brand reputation.

  • Executive Summary
    • Key Findings
    • Current Market Limitations
    • Current Market Limitations Discussion
  • Market Definitions and Trends
    • Market Definitions
    • Regulations
  • Drivers and Restraints
    • Market Drivers Explained
    • Market Restraints Explained
  • Market Size and Forecast
    • Revenue Forecast
      • Table Total Organic Trace Minerals for Animal Feed Applications Market: Revenue Forecast, Global, 2013-2020
    • Revenue Forecast Discussion
    • Market Segmentation by Product
    • Market Segmentation by Region
    • Market Segmentation by End User Application
  • Pricing Analysis
    • Average Price Analysis
      • Table Organic Trace Mineral for Animal Feed Applications Market: Price Ranges, Global, 2015
  • Competitive Analysis for Major Vendors
    • Top Market Participants
    • Alltech
    • Kemin Industries Inc.
    • Koninklijke DSM N.V/Tortuga
    • Novus International
    • Nutreco N.V
    • Tanke
    • Zinpro Corporation
  • End Applications and Industry Value Chain
    • End Application and User Trends
    • Value Chain Structure Overview
    • Core Unmet Needs Overview-Industry insights
    • Core Unmet Needs Overview
    • Purchase Drivers and Selection Criteria Overview
    • The Last Word-3 Big Predictions
  • Appendix
    • List of Acronyms
    • Additional Sources of Information on Study Topic Area

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