Trace Minerals in Feed Market Set to Garner Staggering Valuation of US$ 926.04 Billion by 2033

The trace minerals in feed market is expected to increase from US$ 552.67 billion in 2023 to US$ 926.04 billion in 2033.

The global beef industry has not been significantly impacted by the global economic downturn. The consumption of meat is predicted to increase dramatically in the Asia Pacific and South America region due to shifting dietary habits, urbanisation, population expansion, and economic growth.

Ignite Your Curiosity! Get our Report Sample Today and Unleash the Power of Knowledge.@
https://www.futuremarketinsights.com/reports/sample/rep-gb-16733

China's demand for meat, for example, continues to outstrip domestic supply, according to Agriculture and Agri-Food Canada. Fish is high in protein and low in fat, carbs, and cholesterol. They also include vital vitamins and amino acids. As more people become aware of the health benefits of eating fish, these factors contribute to a fast-increasing global demand.

The growing demand for meat and fish globally is a result of shifting demographic trends. Life expectancy and the limited supply of land and water resources for producing animal feed, which drives the worldwide market, support the use of trace elements in animal feed.

The human body should absorb trace minerals, sometimes referred to as microminerals, through food. Unlike macrominerals, however, we only need a very little amount of trace minerals in our diet. Although trace minerals are only necessary in very small levels, they are essential for our health and physical development. The strict regulatory framework governing the permissible limits of specific minerals in feed products, however, increased product costs and rising research and development costs are the main factors acting as restraints, and increased prices associated with trace minerals as an additive further challenge the growth of the trace minerals in feed market during the forecast period mentioned above.

-Key Takeaways

-Trace minerals in feed market is expected to record a CAGR of 5.4% during the forecast period 2023 to 2033.
-Key causes such as increased feed consumption, increased demand for animal protein in human diets, growth of the meat and meat products industries, a trend towards natural growth promoters, and an improvement in trace mineral bioavailability have all contributed to the trace minerals market's expansion.
-Asia Pacific dominated the trace minerals in feed market.
Lift the Veil on Our Methodological Excellence@
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-16733

Key Development in the Trace Minerals in Feed Market

March 2019 - Zinpro Corporation launched a high-quality selenium performance trace mineral-Availa Se-for the European Union. (EU). Zinpro now provides Availa-Se (zinc-L selenomethionine), another unique product with excellent performance in the EU market.
July 2020 - Kemin Industries is planning to establish a presented architectural design for a new quality control laboratory (QC lab) at its global headquarters in Des Moines, Iowa. Kemin's outstanding analytical skills ensure that potential production activity and product specificity are maintained.
September 2020 - Bluestar Adisseo Firm purchased the Dutch feed additive company Framelco Group. The company's strategy is to contribute to expanding the specialty product category to become a market leader in the specialty feed ingredients industry for animal nutrition.
July 2020 - Archer-Daniels-Midland Company (ADM) launched NutirPass L, an encapsulated supplement that is stable in the rumen and intestinally available to cows. For breastfeeding cows and growing cattle, the supplement provides regular and stable lysine.
March 2020 - Alltech announced its relationship with aquafeed nutrition startup Corey Nutrition. This acquisition aims to provide the aquaculture business in North America with innovative feed options that increase production and efficiency.

-Key Segment

-By Type:
Zinc
Copper
Cobalt
Manganese
Iron
Chromium
Others (iodine and selenium)

-By Livestock:
Poultry
Ruminant
Swine
Aquaculture
Others (equine and pets)

-By Chelate Type:
Amino acids
Proteinates
Polysaccharides
Others (propionates and peptides)

-By Form:
Dry
Liquid

-By Region:
North America
Latin America
Europe
Asia Pacific
The Middle East and Africa

Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.