Trace Elements in Feed Market

Market Overview

The Global Trace Elements in Feed Market Size is projected to grow at CAGR of approximately 5.2% during the forecast period.

Trace minerals will raise the caliber of food and feed when delivered in the proper concentration. Trace minerals may improve animal performance and provide a high return on investment in a balanced cow feeding regimen. With regard to immunity, reproduction, feed conversion, muscle development, and milk production, minerals provide significant health benefits. The amount of trace minerals in the meal affects how rapidly they are absorbed. Organic trace elements are used more often than inorganic minerals because they improve food taste and provide health benefits.

Animal feed is become more and more important in regions like Asia-Pacific, North America, and Europe because of the need of a diet rich in protein as well as the expanding demand for meat and its byproducts. Growing demand for meat, the emergence of new industries involving animal feed, and the usage of water-soluble natural feed additives are all aspects that are influencing the product's market growth. Due to the FDA and REACH regulations, which are stringent regarding the production of hazardous feed and the rising usage of inorganic commodities, there will be several opportunities for the expansion of the trace mineral business throughout the course of the allocated time period. 

Market Dynamics

Market Drivers

• Improving livestock

The need for animal-based proteins is rising as the world's population rises. Due to the increasing livestock population and the need for efficient and sustainable animal production, there is an even greater requirement for trace elements in feed.

Market Restraints

Due to a lack of resources or information, small-scale livestock farmers may struggle in certain areas or be ignorant of the benefits of adding more trace elements. The potential for market expansion may be limited by a lack of resources or competence.

Market Opportunities

The growing need for trace components that originate from natural sources has raised the appeal of natural and organic products. Thus, the usage of natural and organic feed additives is increasing. Manufacturers may take advantage of this opportunity by offering all-natural and organic trace element supplements.

Market Scope

Segmental Analysis

Segmentation By Type

• Zinc

Immunological response, growth, and reproduction are just a few of the physiological activities that zinc, an important trace element for animal nutrition, is required for. Zinc is often included in animal feed as a remedy for animal zinc insufficiency.

• Copper

Copper is an essential trace element for the growth and development of animals. It supports enzyme function, iron metabolism, and connective tissue formation. To address the nutritional needs of animals, copper inclusion in animal feed is essential.

• Cobalt

In the rumen of ruminant animals, cobalt is largely employed as a precursor for the creation of vitamin B12. for the rumen bacteria and to aid in the digestion of glucose.

• Manganese

Manganese is essential for a number of physiological processes, including as bone formation, reproduction, and the body's antioxidant defense mechanism. To guarantee that animals get the proper amounts, manganese is utilized in animal feed.

• Iron

Animals need iron for their bodies to produce hemoglobin, which carries oxygen. For young animals and animals lacking in iron, iron supplementation in animal feed is crucial.

• Chromium

To be metabolized, fats and carbohydrates need the trace element chromium. The animals had greater lean mass, glucose metabolism, and feed efficiency.

Segmentation By Application

• Poultry

The phrase "poultry" refers to all domesticated birds farmed for their meat, eggs, or feathers. The health, development, and overall production of poultry birds are directly impacted by the trace elements that are present in their diets.

• Aquaculture

Aquaculture is the practice of raising aquatic creatures such as fish, shrimp, and shellfish. Aquaculture is often referred to as "fish farming." Trace elements must be provided to feed in order to meet the nutritional needs of aquaculture species and to maintain their immune systems, growth, and development.

• Pets

There are many domesticated animals that are referred to as "pets" in this respect, including dogs, cats, and even tiny mammals. Pets must eat food containing trace elements to ensure their general health, vigor, and longevity.

Regional Analysis

The Global Trace Elements in Feed Market is segmented by region as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

Both the North American and European cattle sectors have a long history and possess a comprehensive grasp of animal nutrition and health. The rigorous regulations governing the safety and caliber of feed drive the market for trace elements.

Asia-Pacific

Due to shifting dietary preferences in countries like China and India, rising disposable income, and population expansion, there is a larger demand for animal products. Trace minerals need to be introduced to the food in order to improve animal health and production.

Increasing animal productivity is vital since Latin America is home to a diverse range of animals. By expanding expenditure in the agricultural sector and using cutting-edge methods for animal husbandry, growth potential may be realized.

Large herds of cattle may exist across the Middle East and Africa, making it even more important to improve animal nutrition and health in these regions. It is projected that the market for trace elements in feed in this sector would grow consistently going forward.

Key Players

1. Cargill
2. Archer-Daniels-Midland Company (ADM)
3. BASF SE
4. Bluestar Adisseo Co., Ltd
5. Koninklijke DSM N.V.
6. Nutreco N.V.
7. Alltech
8. Zinpro
9. Orffa
10. Novus International
11. Kemin Industries, Inc.
12. Lallemand, Inc.
13. Virbac
14. Vetline
15. Biorigin

Recent Developments

Focus on R&D initiatives to develop creative formulations and improve the effectiveness of eating trace components.