Global Trace Minerals for Animal Feed Market 2015-2019

Global Trace Minerals for Animal Feed Market 2015-2019

About Trace Minerals for Animal Feed

Trace minerals are micronutrients that are used in small quantities in animal feed. Though only small quantities of organic trace minerals are added to animal feed, they play an important role in maintaining animal health. Trace minerals used in animal feed can be organic or inorganic in nature. The bioavailability of organic trace minerals is higher than that of inorganic trace minerals. As a result, organic trace minerals are now increasingly being preferred over inorganic trace minerals for use in animal feed.

Technavio's analysts forecast the global trace minerals for animal feed market to grow at a CAGR of 5.88% over the period 2014-2019.

Covered in this Report



Technavio's report, Global Trace Minerals for Animal Feed Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Europe, APAC, and ROW; it also covers the global trace minerals for animal feed market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Regions

• Americas
• APAC
• EMEA

Key Vendors

• Alltech
• Balchem
• Biochem Lohne Germany
• Kemin Industries
• Novus International
• Nutreco
• Pancosma
• Tanke Biosciences
• Zinpro

Other Prominent Vendors

• Addcon Group
• Adisseo France
• ADM
• Albion Laboratories
• Aliphos
• Aliphos
• Biochem Lohne Germany
• Biomin Holding
• Cargill
• Chr. Hansen
• Danisco
• Elanco Animal Health
• Evonik
• Global Animal Products
• Phibro Animal Health
• Premex
• Priya Chemicals
• QualiTech
• Ridley
• Suboneyo Chemicals Pharmaceuticals
• Suboneyo Chemicals Pharmaceuticals
• Vamso Biotec
• Vetco (India)
• Wuhan Pharma Chemical

Market Driver

• Increased use of trace minerals to maintain health of livestock
• For a full, detailed list, view our report

Market Challenge

• Concerns associated with production of organic selenium
• For a full, detailed list, view our report

Market Trend

• Demand for organic meat
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2018 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Press Release

Technavio Announces the Publication of its Research Report – Global Trace Minerals for Animal Feed Market 2015-2019

Technavio recognizes the following companies as the key players in the global trace minerals for animal feed market: Alltech, Balchem, Biochem Lohne Germany, Kemin Industries, Novus International, Nutreco, Pancosma, Tanke Biosciences and Zinpro

Other Prominent Vendors in the market are: Addcon Group, Adisseo France, ADM, Albion Laboratories, Aliphos, Aliphos, Biochem Lohne Germany, Biomin Holding, Cargill, Chr. Hansen, Danisco, Elanco Animal Health, Evonik, Global Animal Products, Phibro Animal Health, Premex, Priya Chemicals, QualiTech, Ridley, Suboneyo Chemicals Pharmaceuticals, Suboneyo Chemicals Pharmaceuticals, Vamso Biotec, Vetco (India) and Wuhan Pharma Chemical

Commenting on the report, an analyst from Technavio’s team said: “Worldwide, consumers are becoming increasingly aware of the health issues related to the intake of meat, thereby increasing the demand for organic meats. Consumers are willing to spend more on products produced by higher farming standards. The availability of better products in the market is driving the demand for organic meat, thus increasing the demand for forage feed composed of essential nutrients providing maximum benefit. Demand for organic meats is seen mainly in the US.”

According to the report, trace minerals play an important role in livestock's health, reproduction, and milk production. They help activate essential enzymes that drive the biochemical reaction in the animal's body. Trace mineral intake and absorption helps in achieving livestock's performance and genetic potential. Minerals such as zinc, iron, copper, cobalt, and others have a major role in maintaining livestock health, fertility, and performance. The quantity of trace mineral content also varies among animals based on their age, production, health, and related factors. Inorganic trace minerals help in the proper functioning of enzymes, hormones, and cells. However, organic trace minerals have higher bioavailability compared to inorganic trace minerals and do not interact with antagonists and vitamins.

Further, the report states that concerns with organic selenium production are one of the major challenges in this market.

Companies Mentioned

Alltech, Balchem, Biochem Lohne Germany, Kemin Industries, Novus International, Nutreco, Pancosma, Tanke Biosciences, Zinpro, Addcon Group, Adisseo France, ADM, Albion Laboratories, Aliphos, Aliphos, Biochem Lohne Germany, Biomin Holding, Cargill, Chr. Hansen, Danisco, Elanco Animal Health, Evonik, Global Animal Products, Phibro Animal Health, Premex, Priya Chemicals, QualiTech, Ridley, Suboneyo Chemicals Pharmaceuticals, Suboneyo Chemicals Pharmaceuticals, Vamso Biotec, Vetco (India), Wuhan Pharma Chemical