Trace Minerals In Feed Global Market Trends, Growth And Outlook Report 2023 To 2032

The Trace Minerals in Feed Global Market Report 2023 by The Business Research Company, provides trace minerals in feed market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Trace Minerals in Feed Global Market Report 2023, the global trace minerals in feed market size is expected to grow from $496.98 billion in 2022 to $526.43 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global trace minerals in feed market size is expected to reach $652.23 billion in 2027 at a CAGR of 5.5%.

Rising meat and fish consumption are expected to boost the growth of trace minerals in feed market going forward. Meat is described as the flesh of animals (including fish and birds) used as food that can be part of a healthy diet. The growing need for animal protein in the human diet has supported increased meat and fish consumption. Trace minerals are sued to increase the meat and carcass quality of contemporary broiler chickens through the use of mineral clays in feed.

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The trace minerals in feed market is segmented:

1) By Type: Zinc, Copper, Cobalt, Manganese, Iron, Chromium, Other Types

2) By Chelate Type: Amino Acids, Proteinates, Polysaccharides, Other Chelate Types

3) By Livestock: Poultry, Ruminant, Swine, Aquaculture, Other Livestock

4) By Form: Dry, Liquid

Product innovations have emerged as the key trend gaining popularity in the trace minerals in feed market. Major companies operating in the trace minerals in feed market are developing innovative products to strengthen their position in the market. For instance, in October 2022, the Zinpro Corporation, a US-based innovator and manufacturer of high-performance organic trace minerals, launched Zinpro IsoFerm for dairy nutrition. The unique features of the Zinpro IsoFerm involve boosting rumen activity by feeding fiber-digesting bacteria directly with game-changing technology. It is designed to increase feed efficiency, promote sustainability, and boost profitability.

The trace minerals in feed market report table of contents includes: