Market Overview:
The global trace elements in feed market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for animal-based protein products, rising awareness about trace elements among farmers and consumers, and technological advancements in the field of animal husbandry. The global trace elements in feed market is segmented on the basis of type, application, and region. On the basis of type, zinc dominates the market with a share of more than 30%. Copper is also a major contributor to this segment with a share close to 25%. Cobalt and manganese are other key players in this segment with shares close to 10% each. On the basis of application, poultry accounts for majority share followed by aquaculture and pets segments respectively.
Product Definition:
A trace element is a mineral that is present in the body in very small quantities. Trace elements are important for the body because they play a role in many different biochemical processes. Some examples of trace elements include zinc, copper, iron, and iodine.
Zinc:
Zinc is a trace mineral that plays an important role in animal nutrition. It is a key source of zinc for the growth and function of the immune system, taste, smell & olfactory functions along with being an antioxidant for the body. The demand from feed market has been growing rapidly over past few years on account of increasing requirement from dairy industry to boost milk production by animals.
Copper:
Copper is a trace metal. It is found in almost every living organism and has multiple functions in the body. Copper helps build hemoglobin, an important component of the blood pigment that delivers oxygen to tissues, but it can also be toxic if consumed orally or applied topically.
Copper toxicity occurs when excessive amounts of copper are absorbed by the body and causes damage to many organs including liver, kidneys, brain & heart along with affecting taste & smell.
Application Insights:
Poultry was the largest application segment in 2017 and is projected to witness a CAGR of XX% over the forecast period. Rising importance of poultry as a source of animal protein coupled with increasing production levels due to growing consumer demand is expected to drive industry growth over the coming years.
Aquaculture is one of the fastest-growing segments owing to rising fish farming activities across various regions including Asia Pacific, Latin America and North America. The use of aquafeed fortified with essential nutrients such as omega 3 fatty acids, zinc and iron helps improve health & condition factor along with enhancing immunity against diseases caused by bacteria & viruses among other factors that help enhance productivity underwater are someof its benefits which are likelyto boost industry growth over next few years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. These countries are witnessing strong economic growth owing to various factors such as industrial development, urbanization and increasing disposable income of consumers. Growing population along with rising consumer preference for meat products has resulted in a significant increase in livestock production across these countries which will have a positive impact on industry growth over the coming years.
Europe was estimated at USD X billion in 2017 owing to high trace element consumption by end-use industries such as aquaculture & seafood processing; pet food manufacturing; textile & fabric manufacturing; pharmaceuticals sector etc.
Growth Factors:
- Increasing demand for trace elements in animal feed from the livestock industry to improve productivity and quality of meat and dairy products.
- Rising awareness about the benefits of trace elements in animal feed among farmers, which is likely to boost adoption rates over the next few years.
- Growing research on new applications of trace elements in animal feed, which is expected to open up new opportunities for market growth over the forecast period.
- Proliferation of Trace Elements in Feed manufacturers owing to rising demand for these supplements across different geographies worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Trace Elements in Feed Market Research Report
By Type
Zinc, Copper, Cobalt, Manganese, Iron, Chromium, Others
By Application
Poultry, Aquaculture, Pets, Others
By Companies
Cargill, Incorporated, Archer-Daniels-Midland Company (ADM), BASF SE, Bluestar Adisseo Co., Ltd, Koninklijke DSM N.V., Nutreco N.V., Alltech, Zinpro, Orffa, Novus International, Kemin Industries, Inc., Lallemand, Inc., Virbac, Vetline, Biorigin
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Trace Elements in Feed Market Report Segments:
The global Trace Elements in Feed market is segmented on the basis of:
Types
Zinc, Copper, Cobalt, Manganese, Iron, Chromium, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Poultry, Aquaculture, Pets, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cargill, Incorporated
- Archer-Daniels-Midland Company (ADM)
- BASF SE
- Bluestar Adisseo Co., Ltd
- Koninklijke DSM N.V.
- Nutreco N.V.
- Alltech
- Zinpro
- Orffa
- Novus International
- Kemin Industries, Inc.
- Lallemand, Inc.
- Virbac
- Vetline
- Biorigin
Highlights of The Trace Elements in Feed Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Zinc
- Copper
- Cobalt
- Manganese
- Iron
- Chromium
- Others
- By Application:
- Poultry
- Aquaculture
- Pets
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Trace Elements in Feed Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Trace elements are essential minerals that help to keep the body functioning properly. Trace elements are found in feed as a result of natural processes, such as weathering and erosion.
Some of the key players operating in the trace elements in feed market are Cargill, Incorporated, Archer-Daniels-Midland Company (ADM), BASF SE, Bluestar Adisseo Co., Ltd, Koninklijke DSM N.V., Nutreco N.V., Alltech, Zinpro, Orffa, Novus International, Kemin Industries, Inc., Lallemand, Inc., Virbac, Vetline, Biorigin.
The trace elements in feed market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Trace Elements in Feed Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Trace Elements in Feed Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Trace Elements in Feed Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Trace Elements in Feed Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Trace Elements in Feed Market Size & Forecast, 2020-2028
4.5.1 Trace Elements in Feed Market Size and Y-o-Y Growth
4.5.2 Trace Elements in Feed Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Zinc
5.2.2 Copper
5.2.3 Cobalt
5.2.4 Manganese
5.2.5 Iron
5.2.6 Chromium
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Poultry
6.2.2 Aquaculture
6.2.3 Pets
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Trace Elements in Feed Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Trace Elements in Feed Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Zinc
9.6.2 Copper
9.6.3 Cobalt
9.6.4 Manganese
9.6.5 Iron
9.6.6 Chromium
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Poultry
9.10.2 Aquaculture
9.10.3 Pets
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Zinc
10.6.2 Copper
10.6.3 Cobalt
10.6.4 Manganese
10.6.5 Iron
10.6.6 Chromium
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Poultry
10.10.2 Aquaculture
10.10.3 Pets
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Zinc
11.6.2 Copper
11.6.3 Cobalt
11.6.4 Manganese
11.6.5 Iron
11.6.6 Chromium
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Poultry
11.10.2 Aquaculture
11.10.3 Pets
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Zinc
12.6.2 Copper
12.6.3 Cobalt
12.6.4 Manganese
12.6.5 Iron
12.6.6 Chromium
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Poultry
12.10.2 Aquaculture
12.10.3 Pets
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Zinc
13.6.2 Copper
13.6.3 Cobalt
13.6.4 Manganese
13.6.5 Iron
13.6.6 Chromium
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Poultry
13.10.2 Aquaculture
13.10.3 Pets
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Trace Elements in Feed Market: Competitive Dashboard
14.2 Global Trace Elements in Feed Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cargill, Incorporated
14.3.2 Archer-Daniels-Midland Company (ADM)
14.3.3 BASF SE
14.3.4 Bluestar Adisseo Co., Ltd
14.3.5 Koninklijke DSM N.V.
14.3.6 Nutreco N.V.
14.3.7 Alltech
14.3.8 Zinpro
14.3.9 Orffa
14.3.10 Novus International
14.3.11 Kemin Industries, Inc.
14.3.12 Lallemand, Inc.
14.3.13 Virbac
14.3.14 Vetline
14.3.15 Biorigin
