Global Animal FeedOrganic Trace Minerals Market Expected to Reach USD 624.6 Million by 2020
January 2014
San Francisco,
January 27, 2014 - The global market for animal feed organic trace minerals is
expected to reach USD 624.6 Million by 2020. Higher bioavailability or organic
trace minerals in animals as compared to inorganic counterparts is expected to
be a key driver for the market over the next six years. In addition, growing
regulatory concerns regarding the hazardous effects of unabsorbed inorganic
minerals is expected to further augment the demand for organic counterparts.
Furthermore, inorganic trace minerals also affect the health of animals which
has resulted in substitution by organic minerals in animal feed.
Increasing
consumption of animal protein and dairy has resulted in increased demand for
organic trace minerals as they are associated with improving animal nutrition
and preventing/controlling diseases. However, stringent regulatory scenario,
particularly through FDA and REACH has emerged as a key issue for market
participants. In addition, R&D costs associated with developing organic
minerals are higher as compared to their inorganic counterparts which lead to
pricing issues. This is expected to adversely impact the development of the
market over the forecast period.
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Further key
findings from the study suggest:
Zinc was the
highest consumed mineral and accounted for over 45% of the global consumption
in 2012. The high consumption can be associated with multiple advantages offer
by zinc such as antioxidant, tissue repair, wound healing and cofactor for
enzymes. It is also expected to witness fastest growth over the next six years
growing at a CAGR of nearly 7% from 2013 to 2020.
North America was
the largest regional market for organic trace minerals and accounted for close
to 38% of the revenue in 2012. It is expected to be the dominant regional
market by the end of the forecast period in spite of losing share to fastest
growing markets such as Asia Pacific and Brazil.
Asia Pacific is
expected to be the fastest growing region in terms of organic trace mineral
consumption because of the increased consumption of animal as a source of
protein coupled with increasing awareness regarding benefits of these minerals
in controlling and prevention of diseases.
Table Of Content
Chapter 1
Executive Summary
1.1 Animal Feed Organic Trace Minerals - Industry Summary & Critical
Success Factors (CSFs)
Chapter 2 Animal
Feed Organic Trace Minerals Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Solar PV Market Dynamics
2.4 Key Opportunities Prioritized
2.5 Industry Analysis - Porter's
2.6 Animal Feed Organic Trace Minerals - Company Market Share Analysis
2.7 Animal Feed Organic Trace Minerals - PESTEL Analysis
Chapter 3 Animal
Feed Organic Trace Minerals Product Outlook
3.1 Zinc
3.2 Iron
3.3 Manganese
3.4 Copper
3.5 Others (Selenium, Cobalt)
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Chapter 4 Animal
Feed Organic Trace Minerals Regional Outlook
4.1 North America
4.2 Europe
4.3 Asia Pacific
4.4 RoW
Chapter 5 Competitive Landscape
5.1 Alltech Inc.
5.2 Archer Daniels Midland Co.
5.3 Biochem Lohne Germany
5.4 Bio Multimin Inc.
5.5 Cargill Inc.
5.6 Kemin Industries Inc.
5.7 Mercer Milling Co. Inc.
5.8 Novus International Inc.
5.9 Nutreco NV
5.10 Pancosma SA
5.11 QualiTech Corp.
5.12 Ridley Inc.
5.13 Royal DSM NV
5.14 Tanke Biosciences Corp.
5.15 Vamso Biotec Pvt. Ltd.
Chapter 6
Methodology and Scope
6.1 Research Methodology
6.2 Research Scope & Assumption
6.3 List of Data Sources
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