Animal Feed Micronutrients Market by Type (Zinc, Iron, Manganese, and Copper), by Livestock (Ruminant, Poultry, Aqua, Swine, and Equine) & by Geography - Global Trends & Forecasts to 2019
This research report provides an in-depth market insight into the global animal micronutrients market, which is currently witnessing a steady growth owing to the increasing demand for protein-rich convenient food. Micronutrients are added to animal feed to improve their nutritive value and enhance their functionality. The animal micronutrients market is observed to be growing at a steady pace, due to the increasing population resulting in an increased demand for meat and an inclination of consumers towards the healthy food, across the globe.
Micronutrients (or ‘trace elements’) are required in animal diets for health and well-being, and therefore they are essential for the production of milk, meat, fiber, and eggs. It is observed that deficiencies of micronutrients, particularly in their sub-clinical form where they are not visually apparent, can result in major reductions in productivity.
Micronutrients are used mostly as the central elements of enzymes and co-enzymes in the biochemistry of animals. Thus, their deficiency often leads to sub-optimal growth and fertility. Within the farming system, the aim should be to only use supplementation with micronutrients where it is necessary; that is, where an actual or likely deficiency has been diagnosed. Further, the supplement used should be cost-effective and appropriate to the farming system in question. The largest market for animal micronutrients is the Asia-Pacific region, accounting for more than 60% of the total market share.
Some of the key players of the market profiled in this report include Novus International Inc. (U.S), Alltech Inc. (U.S.), Cargill Inc. (U.S), Nutreco N.V. (The Netherlands), and ADM (U.S.).
FIGURE 1 ANIMAL MICRONUTRIENTS MARKET SHARE (REVENUE), BY GEOGRAPHY Source: Expert Interviews and MarketsandMarkets Analysis
The report is focused on the detailed study of the animal micronutrients market, by type and livestock, in different geographical regions, with a thorough analysis of the market players in the industry. The global animal feed micronutrients market is expected to grow at a CAGR of 6.1%, and is projected to generate a revenue of $ 1,476.3 million by 2019.
Micronutrients (or ‘trace elements’) are required in animal diets for health and well-being, and therefore they are essential for the production of milk, meat, fiber, and eggs. It is observed that deficiencies of micronutrients, particularly in their sub-clinical form where they are not visually apparent, can result in major reductions in productivity.
Micronutrients are used mostly as the central elements of enzymes and co-enzymes in the biochemistry of animals. Thus, their deficiency often leads to sub-optimal growth and fertility. Within the farming system, the aim should be to only use supplementation with micronutrients where it is necessary; that is, where an actual or likely deficiency has been diagnosed. Further, the supplement used should be cost-effective and appropriate to the farming system in question. The largest market for animal micronutrients is the Asia-Pacific region, accounting for more than 60% of the total market share.
Some of the key players of the market profiled in this report include Novus International Inc. (U.S), Alltech Inc. (U.S.), Cargill Inc. (U.S), Nutreco N.V. (The Netherlands), and ADM (U.S.).
FIGURE 1 ANIMAL MICRONUTRIENTS MARKET SHARE (REVENUE), BY GEOGRAPHY Source: Expert Interviews and MarketsandMarkets Analysis
The report is focused on the detailed study of the animal micronutrients market, by type and livestock, in different geographical regions, with a thorough analysis of the market players in the industry. The global animal feed micronutrients market is expected to grow at a CAGR of 6.1%, and is projected to generate a revenue of $ 1,476.3 million by 2019.
1 INTRODUCTION
1.1 Objectives
1.2 Report Description
1.3 Stakeholders
1.4 Research Methdology
1.4.1 Markets Covered
1.4.2 Market Size
1.4.3 Secondary Sources
1.4.4 Assumptions Made for The Report
1.4.5 Key Data Validated From Primary & Secondary Sources
1.4.6 Key Questions Answered
2 EXECUTIVE SUMMARY
3 MARKET OVERVIEW
3.1 Introduction
3.2 Winning Imperatives
3.2.1 Investments in R&D
3.3 Burning Issue
3.3.1 Rising Cost of Raw Materials
3.4 Market Dynamics
3.4.1 Drivers
3.4.1.1 Increasing Demand of Proper Animal Nutrition
3.4.1.2 Effectiveness on Growth and Fertility
3.4.1.3 Increasing Demand for Animal Protein
3.4.2 Restraints
3.4.2.1 Critical Dosage Application
3.4.2.2 Lack of Awareness Among Farmers
3.4.3 Opportunities
3.4.3.1 Emerging Regional Markets
3.4.4 Porters Five forces Analysis
3.4.4.1 Supplier’s Power
3.4.4.2 Buyer’s Power
3.4.4.3 Threats From New Entrants
3.4.4.4 Threats From Substitutes
3.4.4.5 Degree of Competition
3.4.5 Supply Chain Analysis
3.5 Animal Feed Micronutrients Market Share
3.6 Market Share Analysis
3.6.1 Animal Feed Micronutrients Market
4 PREMIUM INSIGHTS
4.1 Market Segmentation
4.2 Asia-Pacific: The Prodigious Market
4.3 Zinc: Market Leader Segment By Type
4.4 Poultry: Dominant Market By Livestock
4.5 Zinc: Market Leader in Asia-Pacific Market
4.6 Asia-Pacific: The Frontrunners for Animal Feed Micronutrients Market
4.7 China: Market Leader in The Asia-Pacific Market
4.8 Asia-Pacific: Market Leader for Animal Feed Micronutrients
4.9 Asia-Pacific (Zinc): Largest Market By Type
4.10 Asia-Pacific (Poultry): Market Leader By Livestock
5 ANIMAL FEED MICRONUTRIENTS MARKET, BY TYPE
5.1 Key Findings
5.2 Introduction
5.3 Zinc
5.4 Iron
5.5 Manganese
5.6 Copper
5.7 Others
6 ANIMAL FEED MICRONUTRIENTS MARKET, BY LIVESTOCK
6.1 Introduction
6.2 Ruminant
6.3 Poultry
6.4 Aqua
6.5 Swine
6.6 Equine
6.7 Others
7 ANIMAL FEED MICRONUTRIENTS MARKET, BY GEOGRAPHY
7.1 Introduction
7.2 North America
7.2.1 U.S.
7.2.2 Mexico
7.2.3 Canada
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 Russia
7.3.4 Poland
7.3.5 France
7.3.6 Ukraine
7.3.7 Others
7.4 Asia-Pacific
7.4.1 China
7.4.2 Japan
7.4.3 Australia
7.4.4 India
7.4.5 Others
7.5 ROW
7.5.1 South Africa
7.5.2 Brazil
7.5.3 Argentina
7.5.4 Others
8 COMPETITIVE LANDSCAPE
8.1 Introduction
8.2 Investments & Expansions: Most Preferred Strategic Approach
8.3 Acquistions
8.4 Investments & Expansions
8.5 New Product Launches
8.6 Partnerships
9 COMPANY PROFILE (COMPANY AT A GLANCE, RECENT FINANCIALS, PRODUCTS & SERVICES, STRATEGIES & INSIGHTS, & RECENT DEVELOPMENTS)
9.1 Cargill Inc.
9.2 Nutreco N.V.
9.3 Archer Daniels Midland Company (ADM)
9.4 Kemin Industries Inc.
9.5 Lallemand Inc
9.6 Alltech Inc.
9.7 Novus International Inc.
9.8 Qualitech Inc.
9.9 Balchem Corp.
9.10 Zinpro Corporation. (Details on Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.)
1.1 Objectives
1.2 Report Description
1.3 Stakeholders
1.4 Research Methdology
1.4.1 Markets Covered
1.4.2 Market Size
1.4.3 Secondary Sources
1.4.4 Assumptions Made for The Report
1.4.5 Key Data Validated From Primary & Secondary Sources
1.4.6 Key Questions Answered
2 EXECUTIVE SUMMARY
3 MARKET OVERVIEW
3.1 Introduction
3.2 Winning Imperatives
3.2.1 Investments in R&D
3.3 Burning Issue
3.3.1 Rising Cost of Raw Materials
3.4 Market Dynamics
3.4.1 Drivers
3.4.1.1 Increasing Demand of Proper Animal Nutrition
3.4.1.2 Effectiveness on Growth and Fertility
3.4.1.3 Increasing Demand for Animal Protein
3.4.2 Restraints
3.4.2.1 Critical Dosage Application
3.4.2.2 Lack of Awareness Among Farmers
3.4.3 Opportunities
3.4.3.1 Emerging Regional Markets
3.4.4 Porters Five forces Analysis
3.4.4.1 Supplier’s Power
3.4.4.2 Buyer’s Power
3.4.4.3 Threats From New Entrants
3.4.4.4 Threats From Substitutes
3.4.4.5 Degree of Competition
3.4.5 Supply Chain Analysis
3.5 Animal Feed Micronutrients Market Share
3.6 Market Share Analysis
3.6.1 Animal Feed Micronutrients Market
4 PREMIUM INSIGHTS
4.1 Market Segmentation
4.2 Asia-Pacific: The Prodigious Market
4.3 Zinc: Market Leader Segment By Type
4.4 Poultry: Dominant Market By Livestock
4.5 Zinc: Market Leader in Asia-Pacific Market
4.6 Asia-Pacific: The Frontrunners for Animal Feed Micronutrients Market
4.7 China: Market Leader in The Asia-Pacific Market
4.8 Asia-Pacific: Market Leader for Animal Feed Micronutrients
4.9 Asia-Pacific (Zinc): Largest Market By Type
4.10 Asia-Pacific (Poultry): Market Leader By Livestock
5 ANIMAL FEED MICRONUTRIENTS MARKET, BY TYPE
5.1 Key Findings
5.2 Introduction
5.3 Zinc
5.4 Iron
5.5 Manganese
5.6 Copper
5.7 Others
6 ANIMAL FEED MICRONUTRIENTS MARKET, BY LIVESTOCK
6.1 Introduction
6.2 Ruminant
6.3 Poultry
6.4 Aqua
6.5 Swine
6.6 Equine
6.7 Others
7 ANIMAL FEED MICRONUTRIENTS MARKET, BY GEOGRAPHY
7.1 Introduction
7.2 North America
7.2.1 U.S.
7.2.2 Mexico
7.2.3 Canada
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 Russia
7.3.4 Poland
7.3.5 France
7.3.6 Ukraine
7.3.7 Others
7.4 Asia-Pacific
7.4.1 China
7.4.2 Japan
7.4.3 Australia
7.4.4 India
7.4.5 Others
7.5 ROW
7.5.1 South Africa
7.5.2 Brazil
7.5.3 Argentina
7.5.4 Others
8 COMPETITIVE LANDSCAPE
8.1 Introduction
8.2 Investments & Expansions: Most Preferred Strategic Approach
8.3 Acquistions
8.4 Investments & Expansions
8.5 New Product Launches
8.6 Partnerships
9 COMPANY PROFILE (COMPANY AT A GLANCE, RECENT FINANCIALS, PRODUCTS & SERVICES, STRATEGIES & INSIGHTS, & RECENT DEVELOPMENTS)
9.1 Cargill Inc.
9.2 Nutreco N.V.
9.3 Archer Daniels Midland Company (ADM)
9.4 Kemin Industries Inc.
9.5 Lallemand Inc
9.6 Alltech Inc.
9.7 Novus International Inc.
9.8 Qualitech Inc.
9.9 Balchem Corp.
9.10 Zinpro Corporation. (Details on Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.)
LIST OF TABLES
Table 1 Importance of Micronutrients
Table 2 Animal Feed Micronutrients Market Size, By Type, 2012-2019 ($Million)
Table 3 Zinc: Animal Micronutrients Market Size, By Geography, 2012-2019, ($Million)
Table 4 Iron: Animal Micronutrients Market Size, By Geography, 2012-2019, ($Million)
Table 5 Manganese: Animal Feed Micronutrients Market Size, By Geography, 2012-2019, ($Million)
Table 6 Copper: Animal Feed Micronutrients Market Size, By Geography, 2012-2019, ($Million)
Table 7 Others: Animal Feed Micronutrients Market Size, By Geography, 2012-2019, ($Million)
Table 8 Main Role and Deficiency Symptoms of Micronutrients in Animals
Table 9 Animal Micronutrients Market Size, By Livestock, 2012-2019($Million)
Table 10 Animal Micronutrients:Market Size for Ruminant Feed, By Geography, 2012-2019($Million)
Table 11 Animal Feed Micronutrients:Market Size for Poultry Feed, By Geography, 2012-2019($Million)
Table 12 Requirement of Micronutrients By Aquatic Animals
Table 13 Animal Micronutrients:Market Size for Aqua Feed, By Geography, 2012-2019($Million)
Table 14 Market Size for Swine Feed, By Geography, 2012-2019($Million)
Table 15 Animal Micronutrients:Market Size for Equine Feed, By Geography, 2012-2019($Million) Table 16 Animal Micronutrients:Market Size for Other Feed, By Geography, 2012-2019($Million)
Table 17 Market Size,By Geography 2012-2019 ($Million)
Table 18 North America: Market Size, By Country, 2012-2019 ($Million)
Table 19 North America: Market Size, By Type, 2012-2019($Million)
Table 20 North America: Market Size, By Livestock, 2012-2019 ($Million)
Table 21 U.S: Market, By Type, 2012-2019($Million)
Table 22 U.S: Market, By Livestock, 2012-2019 ($Million)
Table 23 Mexico: Market, By Type, 2012-2019($Million)
Table 24 Mexico: Market, By Livestock, 2012-2019 ($Million)
Table 25 Canada: Market, By Type, 2012-2019($Million)
Table 26 Canada: Animal Feed Micronutrients Market, By Livestock, 2012-2019 ($Million)
Table 27 Europe: Animal Micronutrients Market Size, By Geography, 2012-2019 ($Million)
Table 28 Europe: Animal Micronutrients Market Size, By Type, 2012-2019 ($Million)
Table 29 Europe: Animal Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 30 Germany: Animal Micronutrients Market Size, By Type, 2012-2019 ($Million)
Table 31 Germany: Animal Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 32 U.K.: Animal Micronutrients Market Size, By Type, 2012-2019 ($Million)
Table 33 U.K.: Animal Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 34 Russia: Animal Micronutrients Market Size, By Type, 2012-2019 ($Million)
Table 35 Russia: Animal Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 36 Poland: Animal Micronutrients Market Size, By Type, 2012-2019 ($Million)
Table 37 Poland: Animal Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 38 France: Animal Micronutrients Market Size, By Type, 2012-2019 ($Million)
Table 39 France: Animal Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 40 Ukraine: Animal Micronutrients Market Size, By Type, 2012-2019 ($Million)
Table 41 Ukraine: Animal Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 42 Others: Animal Micronutrients Market Size, By Type, 2012-2019 ($Million)
Table 43 Others: Animal Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 44 Asia-Pacific: Animal Feed Micronutrients Market Size, By Country, 2012-2019 ($Million)
Table 45 Asia-Pacific: Market Size, By Type, 2012-2019($Million)
Table 46 Asia-Pacific: Market Size, By Livestock, 2012-2019 ($Million)
Table 47 China: Animal Micronutrients Market Size, By Type, 2012-2019($Million)
Table 48 China: Animal Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 49 Japan: Market Size, By Type, 2012-2019($Million)
Table 50 Japan: Market Size, By Livestock, 2012-2019 ($Million)
Table 51 Australia: Market Size, By Type, 2012-2019($Million)
Table 52 Australia: Market Size, By Livestock, 2012-2019 ($Million)
Table 53 India: Market Size, By Type, 2012-2019($Million)
Table 54 India: Market Size, By Livestock, 2012-2019 ($Million)
Table 55 Others : Market Size, By Type, 2012-2019($Million)
Table 56 Others : Market Size, By Livestock, 2013-2019 ($Million)
Table 57 ROW: Market Size, By Country, 2012-2019 ($Million)
Table 58 ROW: Market Size, By Type, 2012-2019 ($Million)
Table 59 ROW: Market Size, By Livestock, 2012-2019 ($Million)
Table 60 South Africa: Animal Micronutrients Market Size, By Type, 2012-2019($Million)
Table 61 South Africa: Animal Feed Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 62 Brazil: Market Size, By Type, 2012-2019($Million)
Table 63 Brazil: Market Size, By Livestock, 2012-2019 ($Million)
Table 64 Argentina: Market Size, By Type, 2012-2019($Million)
Table 65 Argentina: Market, By Livestock, 2012-2019 ($Million)
Table 66 Others: Market Size, By Type,2012-2019($Million)
Table 67 Others: Animal Feed Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 68 Acquisitions 2009–2013
Table 69 Investments and Expansions, 2009–2013
Table 70 New Product Launches, 2009–2013
Table 71 Partnerships, 2009-2013
Table 72 Cargill Inc.: Products & Their Description
Table 73 Nutreco: Products & Their Description
Table 74 ADM: Products & Their Description
Table 75 Kemin Industries Inc.: Products & Their Description
Table 76 Lallemand Inc. : Products & Their Description
Table 77 Alltech Inc.: Products & Their Description
Table 78 Novus International Inc.: Products & Their Description
Table 79 Qualitech Inc.: Products & Their Description
Table 80 Balchem Corp.: Products & Their Description
Table 81 Zinpro: Products & Their Description
Table 1 Importance of Micronutrients
Table 2 Animal Feed Micronutrients Market Size, By Type, 2012-2019 ($Million)
Table 3 Zinc: Animal Micronutrients Market Size, By Geography, 2012-2019, ($Million)
Table 4 Iron: Animal Micronutrients Market Size, By Geography, 2012-2019, ($Million)
Table 5 Manganese: Animal Feed Micronutrients Market Size, By Geography, 2012-2019, ($Million)
Table 6 Copper: Animal Feed Micronutrients Market Size, By Geography, 2012-2019, ($Million)
Table 7 Others: Animal Feed Micronutrients Market Size, By Geography, 2012-2019, ($Million)
Table 8 Main Role and Deficiency Symptoms of Micronutrients in Animals
Table 9 Animal Micronutrients Market Size, By Livestock, 2012-2019($Million)
Table 10 Animal Micronutrients:Market Size for Ruminant Feed, By Geography, 2012-2019($Million)
Table 11 Animal Feed Micronutrients:Market Size for Poultry Feed, By Geography, 2012-2019($Million)
Table 12 Requirement of Micronutrients By Aquatic Animals
Table 13 Animal Micronutrients:Market Size for Aqua Feed, By Geography, 2012-2019($Million)
Table 14 Market Size for Swine Feed, By Geography, 2012-2019($Million)
Table 15 Animal Micronutrients:Market Size for Equine Feed, By Geography, 2012-2019($Million) Table 16 Animal Micronutrients:Market Size for Other Feed, By Geography, 2012-2019($Million)
Table 17 Market Size,By Geography 2012-2019 ($Million)
Table 18 North America: Market Size, By Country, 2012-2019 ($Million)
Table 19 North America: Market Size, By Type, 2012-2019($Million)
Table 20 North America: Market Size, By Livestock, 2012-2019 ($Million)
Table 21 U.S: Market, By Type, 2012-2019($Million)
Table 22 U.S: Market, By Livestock, 2012-2019 ($Million)
Table 23 Mexico: Market, By Type, 2012-2019($Million)
Table 24 Mexico: Market, By Livestock, 2012-2019 ($Million)
Table 25 Canada: Market, By Type, 2012-2019($Million)
Table 26 Canada: Animal Feed Micronutrients Market, By Livestock, 2012-2019 ($Million)
Table 27 Europe: Animal Micronutrients Market Size, By Geography, 2012-2019 ($Million)
Table 28 Europe: Animal Micronutrients Market Size, By Type, 2012-2019 ($Million)
Table 29 Europe: Animal Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 30 Germany: Animal Micronutrients Market Size, By Type, 2012-2019 ($Million)
Table 31 Germany: Animal Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 32 U.K.: Animal Micronutrients Market Size, By Type, 2012-2019 ($Million)
Table 33 U.K.: Animal Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 34 Russia: Animal Micronutrients Market Size, By Type, 2012-2019 ($Million)
Table 35 Russia: Animal Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 36 Poland: Animal Micronutrients Market Size, By Type, 2012-2019 ($Million)
Table 37 Poland: Animal Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 38 France: Animal Micronutrients Market Size, By Type, 2012-2019 ($Million)
Table 39 France: Animal Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 40 Ukraine: Animal Micronutrients Market Size, By Type, 2012-2019 ($Million)
Table 41 Ukraine: Animal Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 42 Others: Animal Micronutrients Market Size, By Type, 2012-2019 ($Million)
Table 43 Others: Animal Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 44 Asia-Pacific: Animal Feed Micronutrients Market Size, By Country, 2012-2019 ($Million)
Table 45 Asia-Pacific: Market Size, By Type, 2012-2019($Million)
Table 46 Asia-Pacific: Market Size, By Livestock, 2012-2019 ($Million)
Table 47 China: Animal Micronutrients Market Size, By Type, 2012-2019($Million)
Table 48 China: Animal Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 49 Japan: Market Size, By Type, 2012-2019($Million)
Table 50 Japan: Market Size, By Livestock, 2012-2019 ($Million)
Table 51 Australia: Market Size, By Type, 2012-2019($Million)
Table 52 Australia: Market Size, By Livestock, 2012-2019 ($Million)
Table 53 India: Market Size, By Type, 2012-2019($Million)
Table 54 India: Market Size, By Livestock, 2012-2019 ($Million)
Table 55 Others : Market Size, By Type, 2012-2019($Million)
Table 56 Others : Market Size, By Livestock, 2013-2019 ($Million)
Table 57 ROW: Market Size, By Country, 2012-2019 ($Million)
Table 58 ROW: Market Size, By Type, 2012-2019 ($Million)
Table 59 ROW: Market Size, By Livestock, 2012-2019 ($Million)
Table 60 South Africa: Animal Micronutrients Market Size, By Type, 2012-2019($Million)
Table 61 South Africa: Animal Feed Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 62 Brazil: Market Size, By Type, 2012-2019($Million)
Table 63 Brazil: Market Size, By Livestock, 2012-2019 ($Million)
Table 64 Argentina: Market Size, By Type, 2012-2019($Million)
Table 65 Argentina: Market, By Livestock, 2012-2019 ($Million)
Table 66 Others: Market Size, By Type,2012-2019($Million)
Table 67 Others: Animal Feed Micronutrients Market Size, By Livestock, 2012-2019 ($Million)
Table 68 Acquisitions 2009–2013
Table 69 Investments and Expansions, 2009–2013
Table 70 New Product Launches, 2009–2013
Table 71 Partnerships, 2009-2013
Table 72 Cargill Inc.: Products & Their Description
Table 73 Nutreco: Products & Their Description
Table 74 ADM: Products & Their Description
Table 75 Kemin Industries Inc.: Products & Their Description
Table 76 Lallemand Inc. : Products & Their Description
Table 77 Alltech Inc.: Products & Their Description
Table 78 Novus International Inc.: Products & Their Description
Table 79 Qualitech Inc.: Products & Their Description
Table 80 Balchem Corp.: Products & Their Description
Table 81 Zinpro: Products & Their Description
The global animal feed micronutrients market has witnessed a higher growth rate since the last five years. This growth is largely influenced by the increasing demand for animal meat and dairy products and rising concerns related to the quality of animal products. The animal feed micronutrients market is witnessing a tremendous growth in emerging economies such as China, India, Brazil, and Argentina due to the increasing per capita income of consumers who are demanding high-quality animal products.
The global animal feed micronutrients market is estimated to reach $1,XX million by 2019, growing at a CAGR of XX%. The growth is attributed to the increasing consumption of animal products from consumers who are ready to spend a niche amount on high-quality animal products.
The animal feed micronutrients market was dominated by the Asia-Pacific region, which occupied the maximum market share of XX% in 2012. This region has witnessed increase in number of consumers with significant disposable income. These consumers are creating an extensive demand for animal products. This has created a massive hike in the demand for animal feed micronutrients, which enhance the growth as well as quality of animal products such as meat, dairy products, and so on. Emerging economies in Latin American region are promising markets for animal feed micronutrients due to the void in demand and supply of high-quality micronutrients.
