Animal Feed Micronutrients Market - Forecast(2020 - 2025)

Report Code: FBR 42140 Report Format: PDF + Excel (Delivery in 48 Hrs)
Animal Feed Micronutrients Market Overview
Animal Feed Micronutrients Market size is estimated to be $1.5 billion in 2019, growing at a CAGR of 7.2% during the forecast period 2020-2025. Micronutrients are required in animal diets for health and welfare and therefore are essential for the agricultural production of milk, meat, fibre and eggs. Increase in the consumption of dairy products such as cheese, milk, yoghurt, cream, butter and cheese are anticipated to drive the animal feed micronutrients market in the upcoming years. Moreover, the shift of consumers towards meat as compared to vegetarian food is propelled to increase the utilization and demand of the product. Moreover, the use of food products is governed by the provision of the Federal Food, Drug and Cosmetic Act, and the regulation issued under this authority. FDA’s Center for Food Safety and Applied Nutrition is responsible for the regulation of human food products and FDA’s Center for Veterinary Medicine (CVM) is responsible for the regulation of animal food (feed) products. Furthermore, in April 2019 Agrium Advanced Technologies collaborated with Fertilizer Institutes on Nitrace, an innovative demonstration project to establish fertilizer application practices designed to reduce greenhouse gases and generate carbon offset credits for agricultural products.

Report Coverage
The report: “Animal Feed Micronutrients Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Animal Feed Micronutrients Market.
By Product- Iron, Manganese, Zinc, Boron, Copper and Others.
By Application – Ruminant, Poultry, Swine, Aqua, Equine and Others.
By Geography-North America, Europe, APAC and RoW.

Key Takeaways
  • Iron held the major market share in 2019, owing to its ability to improve cattle feed efficiency.
  • Poultry segment held the largest market share in the year 2019 owing to the rising meat consumption along with the growing demand of poultry food is anticipated to trigger its market growth.
  • Asia Pacific contributed to the largest market share of 35% owing the growing population and increased consumer disposable income that is anticipated to augment the demand for meat and dairy products, thus driving the regional demand.
  • Increasing demand of protein among animals owing to the nutritional deficiencies is a major driving the Animal Feed Micronutrients Market during the forecast period 2020-2025.

By Product- Segment Analysis 
By Product, the Animal Feed Micronutrients Market is segmented into Iron, Manganese, Zinc, Boron, Copper and Others. Iron held the major market share in 2019, owing to its ability to improve cattle feed efficiency. Moreover, in April 2016 Kansas State University researchers have found that feeding concentration of zinc that are higher than recommended dietary concentration can help improve the growth of finishing cattle, a finding that could lead more profits for the industry. Also, manganese segment is projected to witness growth at fastest CAGR of 7.8% in forecast period 2020-2025. In addition, manganese is an important trace mineral which is involved in many aspects of both plant and animal life, primarily as an enzyme activator. Thus, increase in demand of manganese, zinc and other minerals to improve feeding efficiency of animals is likely to accelerate rapidly in the near future which in turn is likely to propel the animal feed micronutrients market during the forecast period 2020-2025.

By Application- Segment Analysis
By Application, the Animal Feed Micronutrients is segmented into Ruminant, Poultry, Swine, Aqua, Equine and Others. Poultry segment held the largest market share in the year 2019 owing to the rising meat consumption along with the growing demand of poultry food is anticipated to trigger its market growth. Moreover, the nutrients of poultry are affected by a large number of factors including genetics, age, sex, reproductive state, ambient temperature and health status. Furthermore, vitamin nutrition is an important aspect in the production and marketing of poultry meat and eggs, so its optimization is essential in maximizing return over feed cost. Therefore, the rising demand of poultry food is poised to provide significant boost to the market evolution.

Geography- Segment Analysis
Asia Pacific contributed to the largest market share of 35% owing the growing population and increased consumer disposable income that is anticipated to augment the demand for meat and dairy products, thus driving the regional demand. Large cattle population along with the growing adoption of pets in this region have highly supported the growth of regional market. Europe animal feed micronutrients market is another dominant market owing to the presence of BASF a global supplier of innovative feed additives for livestock, aquaculture and companion animal. For Instance, in May 2016, BASF and Balchem collaborated to bring next generation feed efficiency and Health Products to the North American Swine Industry.

Drivers – Animal Feed Micronutrients Market
  • Increasing Demand of Protein Among Animals 
Increasing demand of protein among animals owing to the nutritional deficiencies is a major factor driving the Animal Feed Micronutrients Market during the forecast period 2020-2025. Proteins are important building blocks of animal tissues. The majority of animal tissues and organs need proteins and other elements as their building blocks. Therefore, proteins in animal nutrition are needed for the growth and regeneration of tissues. Moreover, for monogastric animals (swine and poultry) the use of insects and worms such as mealworm and black soldier fly as well fish meal can be good alternatives of protein for animals.

  • Increasing Adoption of Pets
Increasing Adoption of Pets is a major factor driving the Animal Feed Micronutrients Market during the forecast period 2020-2025. Moreover, according to ASCPA it is estimated that 78 million dogs and 85.8 million cats are owned in the U.S. and 3.2 million shelter animals are adopted each year. This has led an increase in the expenditure on animal care products along with micronutrients and thereby triggering its market growth.

Challenges – Animal Feed Micronutrients Market
  • Lack of Awareness among Farmers Regarding Animal Feed Nutrients
Lack of awareness among farmers regarding animal feed nutrients serves as a major setback for the growth of the Animal Feed Micronutrients Market during the forecast period 2020-2025. For instance, most farmers still use grass and other traditional food products instead of micronutrients thereby disrupting the smooth flow of animal feed micronutrients market during the forecast period 2020-2025.

Animal Feed Micronutrients Market Industry Outlook 
Product Launches, Merger & Acquistion, joint ventures and R&D activities are key strategies adopted by the players in Animal Feed Micronutrients Market. Animal Feed Micronutrients Market top 10 companies are Agrium Advanced Technology, Alltech Inc., Animine, Archer Daniel Midland Company, Aries Agro Limited, Balchem Inc, Cargill Incorporated, Gawrihar Bio-Chem Pvt Ltd, Kemin Industries Inc and Keshav Fertilizer.

Developments:
  • March 2018: DSM and Digital Health Company collaborated to deliver personalized nutrition solutions, providing individuals with the nutrients they need for optimal health based on comprehensive set of health and activity measurements.
  • October 2019: Alltech and Alimetrics collaborated on in vitro tool for estimating ruminant protein degradability.

1. Animal Feed Micronutrients Market Overview
    1.1 Definitions and Scope
2. Animal Feed Micronutrients Market  - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product
    2.3 Key trends by Application
    2.4 Key trends by Geography
3. Animal Feed Micronutrients Market –Comparative Analysis
    3.1 Product Benchmarking - Key companies
    3.2 Financials Analysis - Key Companies
    3.3 Market Share Analysis- Key Companies
    3.4 Patent Analysis 
    3.5 Pricing Analysis
4. Animal Feed Micronutrients Market- Startup companies Scenario Premium Premium  
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Animal Feed Micronutrients Market – Industry Market Entry Scenario Premium Premium  
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Animal Feed Micronutrients Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Animal Feed Micronutrients Market -Strategic analysis
    7.1 Value chain analysis 
    7.2 Opportunities analysis
    7.3 Market life cycle
8. Animal Feed Micronutrients Market – By Product (Market Size –$Million/$Billion)
    8.1 Iron
    8.2 Manganese
    8.3 Zinc
    8.4 Boron
    8.5 Copper
    8.6 Others
9. Animal Feed Micronutrients Market – By Application(Market Size –$Million/$Billion)
    9.1 Ruminant
    9.2 Poultry
    9.3 Swine
    9.4 Aqua
    9.5 Equine
    9.6 Others
10. Animal Feed Micronutrients Market -  By Geography (Market Size -$Million/$Billion)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 U.K.
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 South Korea
        10.3.4 India
        10.3.5 Australia & New Zealand
        10.3.6 Rest of APAC
    10.4 Rest of the World
        10.4.1 Middle East
        10.4.2 Africa
    10.4.3 South America
11. Animal Feed Micronutrients Market - Entropy
12. Animal Feed Micronutrients Market  – Industry/Segment Competition Landscape      Premium  
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key companies
        12.1.3 Market Share by Country- Key companies
        12.1.4 Best Practices for Companies
13. Animal Feed Micronutrients Market – Key Company List by Country Premium  Premium
14. Animal Feed Micronutrients Market Company Analysis
    14.1 Company Revenue, Products, M&A, Developments
    14.2 Agrium Advanced Technology
    14.3 Alltech Inc.,
    14.4 Animine 
    14.5 Archer Daniel Midland Company
    14.6 AriesAgro Limited
    14.7 Balchem Inc.,
    14.8 Cargill Incorporated
    14.9 Gawrihar Bio-Chem Pvt Ltd
    14.10 Kemin Industries Inc.,
    14.11 Keshav Fertilizer
*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Animal Feed Micronutrient Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
1.1 Iron Market 2019-2024 ($M) - Global Industry Research
1.2 Manganese Market 2019-2024 ($M) - Global Industry Research
1.3 Zinc Market 2019-2024 ($M) - Global Industry Research
1.4 Boron Market 2019-2024 ($M) - Global Industry Research
1.5 Copper Market 2019-2024 ($M) - Global Industry Research
2.Global Animal Feed Micronutrient Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
2.1 Ruminant Market 2019-2024 ($M) - Global Industry Research
2.2 Poultry Market 2019-2024 ($M) - Global Industry Research
2.3 Swine Market 2019-2024 ($M) - Global Industry Research
2.4 Aqua Market 2019-2024 ($M) - Global Industry Research
2.5 Equine Market 2019-2024 ($M) - Global Industry Research
3.Global Animal Feed Micronutrient Market:Product Estimate Trend Analysis Market 2019-2024 (Volume/Units)
3.1 Iron Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Manganese Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Zinc Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 Boron Market 2019-2024 (Volume/Units) - Global Industry Research
3.5 Copper Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Animal Feed Micronutrient Market:Application Estimate Trend Analysis Market 2019-2024 (Volume/Units)
4.1 Ruminant Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Poultry Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Swine Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Aqua Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Equine Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Animal Feed Micronutrient Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
5.1 Iron Market 2019-2024 ($M) - Regional Industry Research
5.2 Manganese Market 2019-2024 ($M) - Regional Industry Research
5.3 Zinc Market 2019-2024 ($M) - Regional Industry Research
5.4 Boron Market 2019-2024 ($M) - Regional Industry Research
5.5 Copper Market 2019-2024 ($M) - Regional Industry Research
6.North America Animal Feed Micronutrient Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
6.1 Ruminant Market 2019-2024 ($M) - Regional Industry Research
6.2 Poultry Market 2019-2024 ($M) - Regional Industry Research
6.3 Swine Market 2019-2024 ($M) - Regional Industry Research
6.4 Aqua Market 2019-2024 ($M) - Regional Industry Research
6.5 Equine Market 2019-2024 ($M) - Regional Industry Research
7.South America Animal Feed Micronutrient Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
7.1 Iron Market 2019-2024 ($M) - Regional Industry Research
7.2 Manganese Market 2019-2024 ($M) - Regional Industry Research
7.3 Zinc Market 2019-2024 ($M) - Regional Industry Research
7.4 Boron Market 2019-2024 ($M) - Regional Industry Research
7.5 Copper Market 2019-2024 ($M) - Regional Industry Research
8.South America Animal Feed Micronutrient Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
8.1 Ruminant Market 2019-2024 ($M) - Regional Industry Research
8.2 Poultry Market 2019-2024 ($M) - Regional Industry Research
8.3 Swine Market 2019-2024 ($M) - Regional Industry Research
8.4 Aqua Market 2019-2024 ($M) - Regional Industry Research
8.5 Equine Market 2019-2024 ($M) - Regional Industry Research
9.Europe Animal Feed Micronutrient Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
9.1 Iron Market 2019-2024 ($M) - Regional Industry Research
9.2 Manganese Market 2019-2024 ($M) - Regional Industry Research
9.3 Zinc Market 2019-2024 ($M) - Regional Industry Research
9.4 Boron Market 2019-2024 ($M) - Regional Industry Research
9.5 Copper Market 2019-2024 ($M) - Regional Industry Research
10.Europe Animal Feed Micronutrient Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
10.1 Ruminant Market 2019-2024 ($M) - Regional Industry Research
10.2 Poultry Market 2019-2024 ($M) - Regional Industry Research
10.3 Swine Market 2019-2024 ($M) - Regional Industry Research
10.4 Aqua Market 2019-2024 ($M) - Regional Industry Research
10.5 Equine Market 2019-2024 ($M) - Regional Industry Research
11.APAC Animal Feed Micronutrient Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
11.1 Iron Market 2019-2024 ($M) - Regional Industry Research
11.2 Manganese Market 2019-2024 ($M) - Regional Industry Research
11.3 Zinc Market 2019-2024 ($M) - Regional Industry Research
11.4 Boron Market 2019-2024 ($M) - Regional Industry Research
11.5 Copper Market 2019-2024 ($M) - Regional Industry Research
12.APAC Animal Feed Micronutrient Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
12.1 Ruminant Market 2019-2024 ($M) - Regional Industry Research
12.2 Poultry Market 2019-2024 ($M) - Regional Industry Research
12.3 Swine Market 2019-2024 ($M) - Regional Industry Research
12.4 Aqua Market 2019-2024 ($M) - Regional Industry Research
12.5 Equine Market 2019-2024 ($M) - Regional Industry Research
13.MENA Animal Feed Micronutrient Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
13.1 Iron Market 2019-2024 ($M) - Regional Industry Research
13.2 Manganese Market 2019-2024 ($M) - Regional Industry Research
13.3 Zinc Market 2019-2024 ($M) - Regional Industry Research
13.4 Boron Market 2019-2024 ($M) - Regional Industry Research
13.5 Copper Market 2019-2024 ($M) - Regional Industry Research
14.MENA Animal Feed Micronutrient Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
14.1 Ruminant Market 2019-2024 ($M) - Regional Industry Research
14.2 Poultry Market 2019-2024 ($M) - Regional Industry Research
14.3 Swine Market 2019-2024 ($M) - Regional Industry Research
14.4 Aqua Market 2019-2024 ($M) - Regional Industry Research
14.5 Equine Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Animal Feed Micronutrients Market Revenue, 2019-2024 ($M)
2.Canada Animal Feed Micronutrients Market Revenue, 2019-2024 ($M)
3.Mexico Animal Feed Micronutrients Market Revenue, 2019-2024 ($M)
4.Brazil Animal Feed Micronutrients Market Revenue, 2019-2024 ($M)
5.Argentina Animal Feed Micronutrients Market Revenue, 2019-2024 ($M)
6.Peru Animal Feed Micronutrients Market Revenue, 2019-2024 ($M)
7.Colombia Animal Feed Micronutrients Market Revenue, 2019-2024 ($M)
8.Chile Animal Feed Micronutrients Market Revenue, 2019-2024 ($M)
9.Rest of South America Animal Feed Micronutrients Market Revenue, 2019-2024 ($M)
10.UK Animal Feed Micronutrients Market Revenue, 2019-2024 ($M)
11.Germany Animal Feed Micronutrients Market Revenue, 2019-2024 ($M)
12.France Animal Feed Micronutrients Market Revenue, 2019-2024 ($M)
13.Italy Animal Feed Micronutrients Market Revenue, 2019-2024 ($M)
14.Spain Animal Feed Micronutrients Market Revenue, 2019-2024 ($M)
15.Rest of Europe Animal Feed Micronutrients Market Revenue, 2019-2024 ($M)
16.China Animal Feed Micronutrients Market Revenue, 2019-2024 ($M)
17.India Animal Feed Micronutrients Market Revenue, 2019-2024 ($M)
18.Japan Animal Feed Micronutrients Market Revenue, 2019-2024 ($M)
19.South Korea Animal Feed Micronutrients Market Revenue, 2019-2024 ($M)
20.South Africa Animal Feed Micronutrients Market Revenue, 2019-2024 ($M)
21.North America Animal Feed Micronutrients By Application
22.South America Animal Feed Micronutrients By Application
23.Europe Animal Feed Micronutrients By Application
24.APAC Animal Feed Micronutrients By Application
25.MENA Animal Feed Micronutrients By Application
26.Aries Agro Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Cargill Incorporated, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Nutreco N V, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Kemin Industries, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Archer Daniel Midland Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Lallemand Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Keshav Fertilizer, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Alltech, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Novus International, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Qualitech, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Balchem Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Zinpro Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Agrium Advanced Technology, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Gawrihar Bio-Chem Pvt Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Animine, Sales /Revenue, 2015-2018 ($Mn/$Bn)