The chelated feed trace minerals market is projected to reach USD 570.8 million by 2022
LONDON, Nov. 14, 2017 /PRNewswire/ --
"Trace minerals (chelated) in feed market is projected to grow at a CAGR of 5.8%."
The chelated feed trace minerals market is estimated at USD 431.2 million in 2017 and is projected to reach USD 570.8 million by 2022, at a CAGR of 5.8 % from 2017, in terms of value. The market is driven by growth in consumption of animal-based products and growth of the organized livestock sector in developing countries. Fluctuating raw material prices is one of the significant restraining factors for the chelated feed trace minerals market.
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"Zinc segment to dominate the trace minerals (chelated) in feed market through 2022."
In 2016, the zinc segment accounted for the largest share of the chelated feed trace minerals market, in terms of value. Zinc deficiency is the most common problem witnessed around the globe, especially in pets, which drives the market for zinc chelated trace minerals. Additionally, the increasing demand for nutritional and natural food, and the focus of livestock growers, especially meat and dairy producers, on organic feed is expected to drive this segment.
"The amino acids segment is estimated to dominate the chelate type in the trace minerals (chelated) in feed market in 2017."
Amino acids are considered as ideal chelators due to their ability to get easily absorbed in the body. The main amino acids used as chelating agents include methionine, lysine, and glycine and their salts. The amino acids segment is projected to be the fastest growing owing to the increasing demand of chelated trace minerals and popularity of amino acids as chelating agents.
"Asia Pacific is estimated to be the second-largest region in the trace minerals (chelated) in feed market in 2017."
The Asia Pacific region accounted for the second-largest market share in 2016, in terms of value. The demand for micronutrients is expected to increase in the future with the increased feed production and huge potential for the aquaculture segment.
Livestock is an important constituent of agriculture in the Asia Pacific region. Pork and poultry are widely reared and consumed in the Asia Pacific region. Along with the increasing demand for animal products, some of the driving factors of the chelated feed trace minerals market in Asia Pacific include growth in the regional population; rise in disposable incomes; urbanization, especially in China, India, and Japan; and continuous modernization of the feed industry.
Break-up of Primaries:
• By Company Type: Tier 1 – 50%, Tier 2 – 25%, and Tier 3 – 25%
• By Designation: C - level – 50%, D - Level –25%, and Others* – 25%
• By Region: North America – 20%, Europe – 20%, Asia Pacific – 40% and
RoW** - 20%
*Others include sales managers, marketing managers, and product managers.
**RoW includes Africa and the Middle East.
The leading players in the chelated feed trace minerals market are Cargill (US), ADM (US), BASF (Germany), DSM (Netherlands), Nutreco (Netherlands), DLG Group (Denmark), InVivo (France), Bluestar Adisseo (China), Alltech (US), Phibro (US), Kemin (US), Zinpro (US), and Novus (US).
Research Coverage:
The chelated feed trace minerals market is segmented on the basis of type, livestock, chelate type, form, and key regions. The type sector is segmented into zinc, iron, manganese, copper, cobalt, chromium, and others (selenium and iodine). The livestock segment is divided into ruminants, swine, poultry, aquaculture, and others (includes equine and pets). On the basis of form, the market is segmented into dry and liquid. The chelate type segment is divided into amino acids, proteinates, polysaccharide complexes, and others (propionates and peptides). On the basis of region, the market is segmented into North America, Europe, Asia Pacific, South America, and the Rest of the World (RoW). The report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, competitive leadership mapping, recent developments, and key market strategies.
Key Benefits of Buying the Report:
• To get a comprehensive overview of the chelated feed trace minerals market with specific reference to agricultural markets.
• To gain a wide range of information about the top players in this industry, their products portfolios, and key strategies adopted by them.
• To gain insights of the major regions/countries in which the chelated feed trace minerals industry is flourishing.
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