Trace Minerals in Feed Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Zinc, Iron, Cobalt, Copper, Manganese, Others), By Livestock (Poultry, Ruminants, Swine, Aquatic Animals, Others), By Form (Dry, Liquid), By Chelate Type (Amino Acids, Proteinates, Polysaccharide Complexes, Others), By Region and Competition 2018-2028
Published Date: May - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Agriculture | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationTrace Minerals in Feed Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Zinc, Iron, Cobalt, Copper, Manganese, Others), By Livestock (Poultry, Ruminants, Swine, Aquatic Animals, Others), By Form (Dry, Liquid), By Chelate Type (Amino Acids, Proteinates, Polysaccharide Complexes, Others), By Region and Competition 2018-2028
In 2021, the compound feed production in South Korea amounted to approximately 19 million tonnes.
Rising Production of Compound Feed
Compound feed production is the process of combining several elements, such as minerals, protein meals, grains, and vitamins, to produce a feed for livestock that is nutritionally balanced. In the animal agriculture sector, compound feed is frequently utilized since it offers a practical and affordable solution to address the dietary demands of animals. Compound feed production has been steadily increasing due to the growing demand for animal protein, increasing livestock and poultry populations, and the adoption of modern animal production practices. Animals continue to contribute significantly to the world's food supply. Animal feeds have thus grown in importance as a part of the integrated food chain. A significant portion of meeting consumer demand for animal protein such as milk, meat, eggs, and other livestock products, depends on the availability of a consistent supply of suitable, economical, and secure compound feeds. As a result, there is a growing need for more feed supplies, sources, and alternatives due to the huge growth in the demand for livestock products. Another factor that contributes is the adoption of intensive farming and the use of automated feeding processes which require large quantities of compound feed.
Moreover, customized compound feed formulations have been created as a result of technological advancements and the use of precision nutrition, which can improve animal performance and lower feed waste.
Additionally, appropriate dietary intensity is one of the costliest feed formulation ingredients in animal diets. To overcome this issue, manufacturers are improving their quality and safety while maintaining their cost-effectiveness in response to the increased demand for safe and nutrient-rich animal feed. The use of trace minerals in feed results in improved animal productivity, growth, performance, and other advantages. As a result, it is becoming a practical and affordable method for increasing animal output for long-term food security.
For instance, according to the International Feed Industry Federation (IFIF), annual compound feed production has reached 0.9 billion tonnes, globally.
According to IFIF, in 2020, Compound feed production in the USA was more than 215.79 MT.
Furthermore, in 2023, The Food and Agriculture Organization of the United Nations (FAO) in collaboration with the Ministry of Agriculture, Land and Fisheries in Trinidad and Tobago, the University of the West Indies (UWI), St. Augustine Campus, and Fera Science Ltd., focused on production and use of the black soldier fly (BSF), as an alternative source of high-quality protein for poultry and aquaculture feed.
Download Free Sample Report Growing Demand for Animal Nutrients in Livestock Production
The adoption of animal nutrients in livestock production is fueled by growing consumer awareness on the importance of high-quality standards in foods, including meat and other animal protein products, as well as increasing awareness about providing adequate nutrition levels in animal feed for improving the health and productivity of livestock. Eggs, dairy goods, and meat products are included in livestock-based products. The addition of animal nutrients in feed to the diet of livestock aids in the provision of enough vitamins, minerals, and protein supplements to improve nutrition, resulting in better production of livestock-based products like milk and meat. The demand for animal nutrients in feed is being driven by a rise in the acceptance and consumption of dairy and meat products as well as the sales of items derived from livestock.
For instance, in 2020,
Moreover, deficits in particular minerals, including calcium, magnesium, zinc, selenium, and manganese, can impair the balance of the hormones that regulate gestation and parturition, increasing the risk of mastitis and placental retention, and decreasing cow fertility. In severe circumstances, improper nutrition can also result in increased calf death rates, limited growth after delivery, and poor fetal development. Therefore, animal nutrients play an important role in supporting the growth, reproduction, and health of livestock.
For instance, according to a study by Kansas State University in March 2023, fatty acids in the diet for cattle help in reproductive performance improvements.
Livestock farmers provide proper nutrients to animals which help in improving animal performance and reduce the risk of diseases, resulting in sustainable and more efficient livestock production.
In addition, advanced research in animal nutrition led to the development of more specialized animal nutrient products. Enzymes, probiotics, and prebiotics are used to improve animal health and increase nutrient absorption whereas the use of chelated and organic minerals aids in improving mineral bioavailability and reducing environmental waste.
Therefore, the increasing demand for animal protein, the need to improve animal productivity and efficiency, and the advancements in animal nutrition research and technology, resulting in increasing demand for animal nutrients are leading to the growth of Global
Amino Acids will be the Key Chelate Type
Amino acids act as the building blocks for animal protein synthesis and are essential for enhancing both the quality and quantity of meat. An adequate amount of protein is one of the most important developments in animal nutrition. An amino acid contains proteins and polypeptides that support improved growth rate, help in increasing production, and reduces incidences of disease in animals. In addition to promoting growth and nitrogen retention in cattle, it also helps animals maintain a balanced amino acid pattern. Many amino acids are given as supplements to farmed animals to increase their productivity. Amino acids such as DL-methionine, L-threonine, and L-lysine help to improve the synthetic efficiency of protein in animal feed and also helps+ to break down the food. Amino acids enter the small intestine where it is absorbed easily into the bloodstream.
For instance, ADM Animal Nutrition launched PROPLEX T, a high-concentrate protein, provides flexibility in ration formulation due to the lower inclusion rate needed to achieve targeted levels of essential amino acids.
Thus, the use of amino acids as a chelating source in animal feed is a market propelling factor in the forecast period.
A modest deficit in trace minerals might result in a significant decline in performance and output. Many minerals play extremely distinct yet frequently diverse roles as they
Recent Developments
- In November 2022, Alltech opened a trace mineral production facility
in Vietnam.
- Kemin industries expanded encapsulation capabilities at the manufacturing
site in Italy in November 2022.
- In December 2021, Società San Marco S.R.L. provided liquid feed supplements
for poultry.
- Balchem Animal Nutrition & Health launched the Purachol Choline chloride line in January 2021.
Market Segmentation
Global Trace Minerals in Feed Market
Company Profiles
Titan Biotech Limited, Balchem Inc., Novus International, Inc., Alltech, Inc., Kemin Industries, Inc., Global Animal Products, Inc., Società San Marco S.R.L., BASF SE, Zinpro Corp., Orffa International Holding B.V. are some of the key players of Global Trace Minerals in Feed Market.
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Attribute |
Details |
|
Base Year |
2022 |
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Historic Data |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
|
Report coverage |
Revenue forecast, company
share, competitive landscape, growth factors, and trends |
|
Segments covered |
Type Livestock Form Chelate Type |
|
Regional scope |
North America, Europe, Asia
Pacific, South America, Middle East & Africa |
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Country scope |
United States; Mexico; Canada; France; Germany; United Kingdom; Spain;
Italy; China; India; South Korea; Japan; Australia; Brazil; Argentina; South
Africa; Saudi Arabia; UAE |
|
Key companies profiled |
Titan Biotech Limited,
Balchem Inc., Novus International, Inc., Alltech, Inc., Kemin Industries,
Inc., Global Animal Products, Inc., Società San Marco S.R.L., BASF SE, Zinpro
Corp., Orffa International Holding B.V. |
|
Customization scope |
10% free report customization with purchase. Addition
or alteration to country, regional & segment scope. |
|
Pricing and purchase
options |
Avail customized
purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request) |
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