The report forecasts the global organic trace minerals for the animal feed market to grow at a CAGR of 7.58% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: Increase in use of water-soluble organic feed additives will be a key trend for market growth. The use of organic trace minerals in water-soluble organic feed additives is a major trend observed in the global organic trace minerals for the animal feed market. Water-soluble organic feed comprises vitamins and organic trace minerals that play an important role in the animal's growth and productivity. These products are easy to administer, digest quickly, and are more effective than dry feed additive products. Tanke Biosciences, a China-based manufacturer of organic trace minerals, has introduced a range of water-soluble organic feed additives containing organic trace minerals and multivitamins.
According to the report, rise in global meat production and consumption will be a key driver for market growth. Animal feed is the major source of nutrition intake in animals and is crucial in many metabolic processes; they aid in yielding high-quality animal products, including meat. Globally, the per capita consumption of meat was around 90 pounds per annum in 2015. The increasing global population is driving the demand for meat globally, thereby driving the growth of organic trace minerals for animal feed market.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
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Who are the key vendors in this market space?
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