Trace Minerals in Feed Market

Trace Minerals in Feed Market by Type (Iron, Zinc, Manganese, Copper, Cobalt, Chromium, Other Types), Livestock , Chelate Type (Amino Acids, Proteinates, Polysaccharides, Other Chelate Types), Form, and Region - Global Forecast to 2025

Report Code: AGI 5700 Oct, 2020, by marketsandmarkets.com

[ 240 Pages Report] The global Trace minerals in feed market size is estimated to be valued at USD 472 million in 2020 and is expected to reach a value of USD 608 million by 2025, growing at a CAGR of 5.2% during the forecast period. Factors such increase in the production of compound feed, increase in demand for animal protein in human diet, the growing  importance of animal nutrition in livestock production shas driven the market for trace minerals into further growth. 

Attractive Opportunities on Global Trace minerals in feed Market

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COVID-19 Impact on the Trace minerals in feed Market: 

COVID-19 impact on the feed consumption has directed affected the consumption of meat and livestock products and byproducts, such as milk, eggs. This is majorly due to feed supply shortages as a resut of the shutdown of many facilitirs and completed lockdown in majority of the important countries.

Moreover, there is an increased skeptism among consuemrs towards the consumption of poultry products due to the scare of the virus (COVID-19) getting transmitted to humans through the consumption. This has reduced the demand of animal feed in the global market.  

However, trace minerals such as zinc are extremely essential in the diet of animals as well as humans to ensure optimum health.  Zinc works as an antiviral agent by preventing the replication of RNA viruses. It does this by inhibiting RNA-dependent RNA polymerase (RdRP), an enzyme that causes the replication of RNA viruses, like the coronavirus or many others that are known to affect livestock and poultry. In addition to zinc, the trace minerals selenium, copper and manganese are required by the body and play a role in the adaptive and innate immune functions of animals. 

Furthermore, associations such as the European committee called Comité du Commerce des céréales, aliments du bétail, oléagineux, huile d'olive, huiles et graisses et agrofournitures (COCERAL),

Fédération Européenne Des Fabricants D'aliments Composés FEFAChave urged the EU Commission to recognize the status of feed as essential goods in the EU COVID-19 guidelines, which could be crucial for maintaining the proper functioning of the feed supply chain and mitigating shortages of essential nutrients provided to the livestock population. Countries, such as Spain, Italy, and Belgium, have already included feed supplies on their list of essential goods.   

Trace minerals in feed Market Dynamics: 

Driver: Increase in the production of compound feed

With the rise in demand for meat and meat products and the increase in the importance of protein-rich diets among consumers across the globe, the demand for compound feed has been growing in the Asia Pacific, North American, and European countries. The Food and Agriculture Organization (FAO) estimates that by 2050, the demand for food products would grow by 60%, and that of animal protein would grow by 1.7% per year. It is also estimated that the production of meat, aquaculture, and dairy products would also increase. The major feed producing countries in the world include China, the US, Brazil, Mexico, Spain, India, and Russia. The demand for chicken and red meat has been growing in these countries, which has also contributed to the growth of the market. An increase in the number of feed mills could also be among the key factors, which have contributed to the overall increase in the production of compound feed. 

Restraint: Stringent regulatory framework governing the permissible limits of certain minerals in feed products

Regulatory bodies such as the European Commission and the United States Department of Agriculture (USDA) have outlined the regulatory requirements for various feed additives. Over the years, the limits for essential minerals, such as zinc, copper, and manganese, have been lowered. However, minerals, such as selenium and chromium, have witnessed application in upper limits, which has remained consistent. Several amendments have been made to the existing maximum permissible zinc content in livestock feed. For instance, previously, the maximum permissible limits for zinc feed additives in complete feed was 200 mg/kg for fish and 150 mg/kg for other livestock species. As per the revised rules, the maximum permissible limit (MPL) has changed to 180 mg/kg for salmonids and 120 mg/kg for other species and categories.

Opportunity: Increase in the bioavailability of trace minerals

Bioavailability refers to the proportion of nutrients in food products, which is absorbed and utilized by the body of animals. In addition, utilization is the process of transportation, cellular assimilation, and conversion to a biologically active form. With the permissible limits being imposed on the use of trace elements in feed to reduce environmental risks, livestock farmers have not been able to improve feed conversion efficiency in livestock without providing a higher dosage of mineral supplements, as these elements are not easily absorbed by the digestive systems of animals. However, high demand is expected from unorganized livestock farmers and cooperative societies in developing countries. Therefore, manufacturers are developing techniques to supply these inorganic trace elements in organic forms, which would increase the bioavailability of these compounds and improve the productivity of livestock. The most commonly available trace elements in the organic form include copper, zinc, selenium, and chromium. The awareness about the benefits of organic mineral chelates among farmers is essential to bring a significant shift in the market demand for mineral supplements. 

Challenge : High prices associated with trace minerals as an additive   

Feed products are one of the major factors that add to the overall cost of livestock production. It accounts for nearly 70% of the total livestock production cost. According to the FAO, of the total feed of cost, 95% is used to meet the energy and protein requirements of the livestock, 3%–4% is used for major mineral, trace mineral, and vitamin requirements, and 1%–2% for other feed additives. Feed manufacturers assemble various cereals and their by-products, amino acids, vitamin & mineral supplements, and feed additives on a low-cost basis by taking into consideration the nutrient contents and the unit cost of each of these products.

The raw material prices for mineral sources, such as zinc and copper, tend to fluctuate based on movements in the London Metal Exchange (LME) or due to high import duties imposed in specific countries. In certain cases, a limited supply of scrap material also pushes the prices of raw materials up, which, in turn, leading to an increase in the prices of trace minerals. These high prices usually lead to the low adoption of these minerals by livestock breeders .The iron segment of the trace minerals in feed market is projected to account for the largest share, by type

By type, the iron segment accounted for the highest share in the trace minerals ofr feed market.

Iron is one of the most important minerals required for the optimum functioning of the body. Iron cannot be ingested in its elemental form, thus it is available in thr form of oxides and carbonates.  Red iron oxide, yellow iron oxide, ferrous sulfate, and iron carbonate are used as additional supplements for iron. The ferrous compounds are being approved in the recent years. As livestock species are most commonly by the deficiency of iron, this causes oxidative stress and anemia, iron is thus important element to be included in the feed. Due to its higher acceptance among regulatory bodies, the market for iron as a trace mineral in feed is projected to witness a high growth rate during the forecast period.  

The market for poultry segment is projected to account for the largest share during the forecast period

By livestock, poultry is the segment which accounted for the highest marlet share as well as the highest growth rate in the trace minerals in feed market. Global consumption peaked in 2019 and a continued upward consumption trend is expected, according to an IndexBox report. With a combined 40% share of global consumption. The increased focus on consumption of animal protein in daily diets is one of the preliminary aspects which has led to the growth of the market. The demand for white meat and eggs has been growing due to which the need for increasing livestock production has grown.

Amino acids have the ability to be easily absorbed in the body for the normal functioning of protein synthesis this drives the Trace minerals in feed market

By chelate type, the amino acids segment accounted for the largest market share in 2019. Amino acids are the ideal chelating agents because of its ability to get easily absorbed in the animal body. This is due to the attachment of amino acids to the mineral molecules that create a more stable structure, which helps the minerals survive in the acidic environment of the stomach. Furthermore, trace minerals are protected from various bacteria present in the body of animals, and enzymes are unable to degrade it. It also inhibits the antagonistic action between metal ions and decreases the breaking down of vitamins in the feed. Thus, it easily enters the small intestine where it is absorbed into the bloodstream. These characteristics make amino acids the most preferred chelating minerals among manufacturers.

The dry segment of the trace minerals in feed market is projected to account for the largest share,

By form, the dry segment accounted for the largest share in 2019. Ths is because, the trace mineral products in the dry form are able to sustain climatic conditions and have higher stability. Moreover, the hygienic supply of these ingredients, and the feeding system is comparatively easy to manage.

Apart from convenience of using dry mineral additives, there are other factors that have an increased usage of chelated trace minerals in dry form among feed manufacturers, such as low bulk weight, storage, transport, relatively high stability, high production capacity, and low manufacturing cost. Mostly, dry powders have low moisture content, thus, reducing the rate of quality degradation. Hence, dry powders can be stored for a longer time than other forms of products. However, the liquid form is witnessing at a comparatively fast rate, as it helps to deliver minerals consistently, which is optimal for the nutritional requirements of livestock. 

Europe  is the fastest-growing market during the forecast period in the global Trace minerals in feed market

The European market is one of the largest consumers of trace minerals in feed and is growing at a moderate rate. The wide-scale use of trace minerals in European animal nutrition is attributed to the European Commission’s focus on reducing input costs and enhancing animal health in the early stages of growth. The use of trace minerals in animal nutrition depends on factors such as cost-effectiveness, availability, policies, and regulations. Favorable conditions, such as rules pertaining to the use of feed materials, requirements for feed hygiene, and regulations pertaining to undesirable substances in feed set by the European Commission, have had a positive impact on the feed industry, which is projected to drive the growth of the trace minerals in feed market in Europe.

Trace Minerals In Feed Market By Region

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Market Ecosystem

Market Ecosystem

Source: Secondary research, primary interviews, and MarketsandMarkets Analysis 

Scope of the Report 

Report Metric

Details

Market size available for years

2018-2025

Base year considered

2019

Forecast period

2020-2025

Forecast units

Value (USD Million), Volume (Tons)

Segments covered

Type, livestock, Chelate type, Form, and Region

Geographies covered

North America, Europe, Asia Pacific, South America, RoW

Companies covered

Cargill, Incorporated (US), Archer-Daniels-Midland Company (ADM) (US), BASF SE (Germany), Bluestar Adisseo Co., Ltd (China), Koninklijke DSM N.V. (Netherlands), Nutreco N.V. (Netherlands), Alltech (US), Zinpro (US), Orffa (Netherlands), Novus International (US), Kemin Industries, Inc. (US), Lallemand, Inc. (Canada), Virbac (France),  Global Animal Nutrition (US), Dr. Paul Lohmann Gmbh & Co. KGAA (Germany), Biochem Zusatzstoffe (Germany),  Veterinary Professional Services Ltd. (Vetpro) (New Zealand), Chemlock Nutrition Corporation (US), dr. eckel animal nutrition gmbh & co.kG (Germany),  Vetline (India), Green Mountain Nutritional Services Inc. (US), Biorigin (Brazil), Tanke (China), JH Biotech, Inc. (US), QualiTech, Inc. (US).

This research report categorizes the Trace minerals in feed market based on type, application, species, and region.

By Type:

  • Zinc
  • Copper
  • Cobalt
  • Manganese
  • Iron
  • Chromium
  • Other types (iodine and selenium) 

By livestock  :

  • Poultry
  • Ruminant
  • Swine
  • Aquaculture
  • Other livestock (equine and pets)

By chelate type

  • Amino acids
  • Proteinates
  • Polysaccharides
  • Other chelate types (propionates and peptides) 

By form

  • Dry
  • Liquid

By region:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Rest of World (RoW)*

*Rest of the World (RoW) includes Africa and the Middle East  

 Recent Developments

  • In March 2019, Zinpro Corporation launched a high-quality selenium performance trace mineral–Availa Se–for the European Union (EU). Availa-Se (zinc-L selenomethionine) enables Zinpro to offer another unique product that provides superior performance in the EU market.
  • In April 2019, Zinpro Corporation had launched ProPath LQ in the US market for use in liquid applications in all-species. ProPath-LQ delivers trace mineral uptake and absorption, biological efficacy, diet flexibility, and consistency in applications where solubility is critical.
  • In July 2020, Kemin Industries revealed architectural renderings for a new quality control laboratory (QC lab) that will be built onsite at its worldwide headquarters in Des Moines, Iowa (US). Kemin's advanced analytical capabilities ensure the potential production activity and specificity of its finished goods.
  • In September 2020, Bluestar Adisseo Company acquired Framelco Group (Netherlands), which is a feed additive company. Through this strategy, the company focuses on contributing to the growth of the specialty product segment to become one of the leaders in the specialty feed ingredients market for animal nutrition. 

Frequently Asked Questions (FAQ):

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 TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 27)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
        FIGURE 1 TRACE MINERALS IN FEED: MARKET SEGMENTATION
        FIGURE 2 REGIONAL SEGMENTATION
    1.4 PERIODIZATION CONSIDERED
    1.5 CURRENCY CONSIDERED
        TABLE 1 USD EXCHANGE RATE, 2015-2019
    1.6 UNITS
    1.7 STAKEHOLDERS
    1.8 INCLUSIONS & EXCLUSIONS
    1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA
        FIGURE 3 RESEARCH DESIGN: TRACE MINERALS IN FEED MARKET
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                 FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                 FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN & DATA TRIANGULATION
        FIGURE 6 DATA TRIANGULATION METHODOLOGY
    2.4 RESEARCH ASSUMPTIONS & LIMITATIONS
           2.4.1 ASSUMPTIONS
           2.4.2 LIMITATIONS OF THE STUDY

3 EXECUTIVE SUMMARY (Page No. - 42)
  FIGURE 7 GLOBAL TRACE MINERALS IN FEED MARKET, 2018-2025 (USD MILLION)
  FIGURE 8 IRON TO HOLD THE LARGEST MARKET SHARE DUE TO ITS INCREASED IMPORTANCE IN REDUCING IMMUNE DEFICIENCIES AND OXIDATIVE STRESS
  FIGURE 9 POULTRY ACCOUNTS FOR THE LARGEST SHARE DUE TO THE INCREASE IN DEMAND FOR ANIMAL PROTEIN IN HUMAN DIETS
  FIGURE 10 DRY FORM OF TRACE MINERALS TO ACCOUNT FOR THE LARGEST SHARE DURING THE FORECAST PERIOD
  FIGURE 11 AMINO ACIDS TO HOLD THE LARGEST SHARE DURING THE FORECAST PERIOD DUE TO THE EASE OF ABSORPTION
  FIGURE 12 TRACE MINERALS IN FEED MARKET SNAPSHOT: ASIA PACIFIC ACCOUNTED FOR THE LARGEST SHARE, 2019 (USD MILLION)

4 PREMIUM INSIGHTS (Page No. - 47)
    4.1 OPPORTUNITIES IN THE TRACE MINERALS IN FEED MARKET
        FIGURE 13 INCREASE IN DEMAND FOR COMPOUND FEED TO DRIVE THE MARKET GROWTH FOR TRACE MINERALS IN FEED
    4.2 TRACE MINERALS IN FEED MARKET, BY TYPE
        FIGURE 14 IRON HELD THE LARGEST SHARE IN THE TRACE MINERALS IN FEED MARKET IN 2019
    4.3 ASIA PACIFIC: TRACE MINERALS IN FEED MARKET, BY LIVESTOCK AND KEY COUNTRIES
        FIGURE 15 ASIA PACIFIC: CHINA IS ONE OF THE LARGEST MARKETS FOR TRACE MINERAL IN FEED
    4.4 TRACE MINERALS IN FEED MARKET, BY FORM AND REGION
        FIGURE 16 DRY FORM ACCOUNTED FOR THE LARGEST SHARE IN THE MARKET IN 2019 DUE TO ITS COST-EFFECTIVENESS AND EASE OF USAGE
    4.5 TRACE MINERALS IN FEED MARKET, MAJOR REGIONAL SUBMARKETS
        FIGURE 17 CHINA ACCOUNTED FOR THE LARGEST SHARE IN THE TRACE MINERALS IN FEED MARKET IN 2019

5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION
    5.2 MACROECONOMIC INDICATORS
           5.2.1 INCREASING LIVESTOCK PRODUCTION
                 FIGURE 18 SHARE OF LIVESTOCK POPULATION, BY SPECIES, 2014
           5.2.2 GROWING MEAT CONSUMPTION ACROSS THE GLOBE
                 FIGURE 19 MEAT PRODUCTION AND CONSUMPTION AT A GLOBAL SCALE, 2019 (THOUSAND TON)
    5.3 MARKET DYNAMICS
                 FIGURE 20 INCREASE IN DEMAND FOR MEAT AND OTHER LIVESTOCK PRODUCTS TO DRIVE THE GROWTH OF THE TRACE MINERALS IN FEED MARKET
           5.3.1 DRIVERS
                    5.3.1.1 Increase in the production of compound feed
                            FIGURE 21 COMPOUND FEED PRODUCTION, 2012-2017 (MILLION METRIC TON)
                            FIGURE 22 COMPOUND FEED PRODUCTION, BY COUNTRY, 2016-2018 (MILLION METRIC TON)
                    5.3.1.2 Increase in demand for animal protein in human diets
                            TABLE 2 PER CAPITA CONSUMPTION OF LIVESTOCK PRODUCTS
                    5.3.1.3 Increase in importance of animal nutrition in livestock production
                            TABLE 3 COMMON VITAMIN AND MINERAL DEFICIENCIES AMONG LIVESTOCK SPECIES
           5.3.2 RESTRAINTS
                    5.3.2.1 Stringent regulatory framework governing the permissible limits of certain minerals in feed products
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Increase in the bioavailability of trace minerals
                    5.3.3.2 Growing market for specialty feed ingredients
                    5.3.3.3 Shift toward natural growth promoters (NGPs) due to the increase in awareness pertaining to feed and food safety
           5.3.4 CHALLENGES
                    5.3.4.1 High prices associated with trace minerals as an additive
    5.4 VALUE CHAIN ANALYSIS
        FIGURE 23 VALUE CHAIN ANALYSIS
    5.5 PATENT ANALYSIS
        FIGURE 24 NUMBER OF PATENTS GRANTED FOR TRACE MINERAL PRODUCTS, 2016-2020
        FIGURE 25 REGIONAL ANALYSIS OF PATENTS GRANTED IN THE TRACE MINERALS IN FEED MARKET, 2016-2020
        TABLE 4 LIST OF A FEW PATENTS IN THE TRACE MINERALS IN FEED MARKET, 2019-2020
    5.6 TECHNOLOGY ANALYSIS
    5.7 MARKET ECOSYSTEM
    5.8 AVERAGE PRICE ANALYSIS
        FIGURE 26 AVERAGE PRICE TREND FOR TRACE MINERALS IN FEED, 2015-2020 (USD/KG)
    5.9 TRADE ANALYSIS
        FIGURE 27 EXPORT OF KEY MINERAL ORES AND CONCENTRATES, 2015-2019 (USD MILLION)
    5.1 YC-YCC SHIFTS IN THE TRACE MINERALS IN FEED MARKET
        FIGURE 28 DEMAND FOR TRACE MINERALS TO IMPROVE THE METABOLISM IS THE NEW HOT BET IN THE MARKET
    5.11 REGULATORY FRAMEWORK
           5.11.1 NORTH AMERICA
                    5.11.1.1 US
                    5.11.1.2 Canada
           5.11.2 EUROPE
           5.11.3 ASIA PACIFIC
                    5.11.3.1 China
                    5.11.3.2 Japan
           5.11.4 REST OF THE WORLD
                    5.11.4.1 South Africa
    5.12 COVID-19 IMPACT ON THE TRACE MINERALS IN FEED MARKET
    5.13 CASE STUDY ANALYSIS
           5.13.1 SAMPLE: SPECIALTY FEED ADDITIVES MARKET - GLOBAL FORECAST TO 2025

6 TRACE MINERALS IN FEED, BY TYPE (Page No. - 78)
    6.1 INTRODUCTION
        FIGURE 29 TRACE MINERALS MARKET SIZE, BY TYPE, 2020 VS. 2025 (USD MILLION)
        TABLE 5 GLOBAL TRACE MINERALS IN FEED MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
        TABLE 6 GLOBAL TRACE MINERALS IN FEED MARKET SIZE, BY TYPE, 2018-2025 (TON)
    6.2 IRON
           6.2.1 INCREASE IN ACCEPTANCE FROM REGULATORY BODIES FOR USE AS A FEED ADDITIVE DRIVES THE DEMAND FOR IRON AS A TRACE MINERAL
                 TABLE 7 IRON TRACE MINERALS IN FEED MARKET SIZE, BY REGION, 2018-2025 (USD THOUSAND)
                 TABLE 8 IRON TRACE MINERALS IN FEED MARKET SIZE, BY REGION, 2018-2025 (TON)
    6.3 ZINC
           6.3.1 NEED FOR IMPROVING REPRODUCTIVE HEALTH AMONG SWINE AND CATTLE IS DRIVING THE DEMAND FOR ZINC
                 TABLE 9 ZINC TRACE MINERALS IN FEED MARKET SIZE, BY REGION, 2018-2025 (USD THOUSAND)
                 TABLE 10 ZINC TRACE MINERALS IN FEED MARKET SIZE, BY REGION, 2018-2025 (TON)
    6.4 COPPER
           6.4.1 HIGH DEMAND FOR IMPROVED SHELF LIFE OF FEED PRODUCTS TO DRIVE THE GROWTH OF THE MARKET FOR NEWER COMPOUNDS OF COPPER
                 TABLE 11 COPPER TRACE MINERALS IN FEED MARKET SIZE, BY REGION, 2018-2025 (USD THOUSAND)
                 TABLE 12 COPPER TRACE MINERALS IN FEED MARKET SIZE, BY REGION, 2018-2025 (TON)
    6.5 MANGANESE
           6.5.1 COST-EFFECTIVENESS OF MANGANESE TO DRIVE ITS MARKET GROWTH DURING THE FORECAST PERIOD
                 TABLE 13 MANGANESE TRACE MINERALS IN FEED MARKET SIZE, BY REGION, 2018-2025 (USD THOUSAND)
                 TABLE 14 MANGANESE TRACE MINERALS IN FEED MARKET SIZE, BY REGION, 2018-2025 (TON)
    6.6 COBALT
           6.6.1 HIGH DEMAND FOR INCREASING NUTRITION IN CATTLE FEED TO DRIVE THE GROWTH OF THE COBALT MARKET
                 TABLE 15 COBALT TRACE MINERALS IN FEED MARKET SIZE, BY REGION, 2018-2025 (USD THOUSAND)
                 TABLE 16 COBALT TRACE MINERALS IN FEED MARKET SIZE, BY REGION, 2018-2025 (TON)
    6.7 CHROMIUM
           6.7.1 BENEFITS OF CHROMIUM TO IMPROVE MILK PRODUCTION AND INSULIN RESISTANCE INCREASING ITS DEMAND IN THE MARKET
                 TABLE 17 CHROMIUM TRACE MINERALS IN FEED MARKET SIZE, BY REGION, 2018-2025 (USD THOUSAND)
                 TABLE 18 CHROMIUM TRACE MINERALS IN FEED MARKET SIZE, BY REGION, 2018-2025 (TON)
    6.8 OTHER TYPES
           6.8.1 HIGH BIO-EFFICACY OF ORGANIC SELENIUM HAS LED TO AN INCREASE IN ADOPTION AMONG LIVESTOCK SPECIES
                 TABLE 19 OTHER TRACE MINERALS IN FEED MARKET SIZE, BY REGION, 2018-2025 (USD THOUSAND)
                 TABLE 20 OTHER TRACE MINERALS IN FEED MARKET SIZE, BY REGION, 2018-2025 (TON)
 
7 TRACE MINERALS IN FEED MARKET, BY LIVESTOCK (Page No. - 89)
    7.1 INTRODUCTION
        FIGURE 30 TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2020 VS. 2025
        TABLE 21 GLOBAL TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
        TABLE 22 GLOBAL TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (TON)
    7.2 POULTRY
           7.2.1 TRACE MINERALS PLAY AN IMPORTANT ROLE TO IMPROVE THE IMMUNITY OF POULTRY ANIMALS
                 TABLE 23 TRACE MINERALS IN FEED MARKET SIZE FOR POULTRY, BY REGION, 2018-2025 (USD MILLION)
                 TABLE 24 TRACE MINERALS IN FEED MARKET SIZE FOR POULTRY, BY REGION, 2018-2025 (TON)
                 TABLE 25 TRACE MINERALS IN FEED MARKET SIZE FOR POULTRY, BY TYPE, 2018-2025 (USD THOUSAND)
                 TABLE 26 TRACE MINERALS IN FEED MARKET SIZE FOR POULTRY, BY TYPE, 2018-2025 (TON)
7.3 RUMINANT
           7.3.1 INCREASE IN CONSUMPTION OF PROCESSED DAIRY PRODUCTS HAS LED TO A HIGH DEMAND FOR TRACE MINERALS TO IMPROVE PRODUCTIVITY AMONG DAIRY COWS
                 TABLE 27 TRACE MINERALS IN FEED MARKET SIZE FOR RUMINANT, BY REGION, 2018-2025 (USD MILLION)
                 TABLE 28 TRACE MINERALS IN FEED MARKET SIZE FOR RUMINANT, BY REGION, 2018-2025 (TON)
                 TABLE 29 TRACE MINERALS IN FEED MARKET SIZE FOR RUMINANT, BY TYPE, 2018-2025 (USD THOUSAND)
                 TABLE 30 TRACE MINERALS IN FEED MARKET SIZE FOR RUMINANT, BY TYPE, 2018-2025 (TON)
    7.4 SWINE
           7.4.1 INCREASE IN CONSUMPTION OF PORK HAS LED TO A RISE IN DEMAND FOR TRACE MINERALS THAT ENHANCE THE MEAT QUALITY
                 TABLE 31 TRACE MINERALS IN FEED MARKET SIZE FOR SWINE, BY REGION, 2018-2025 (USD MILLION)
                 TABLE 32 TRACE MINERALS IN FEED MARKET SIZE FOR SWINE, BY REGION, 2018-2025 (TON)
                 TABLE 33 TRACE MINERALS IN FEED MARKET SIZE FOR SWINE, BY TYPE, 2018-2025 (USD THOUSAND)
                 TABLE 34 TRACE MINERALS IN FEED MARKET SIZE FOR SWINE, BY TYPE, 2018-2025 (TON)
    7.5 AQUACULTURE
           7.5.1 AS FRESHWATER OR SEAWATER IS UNABLE TO PROVIDE AQUATIC ANIMALS WITH ADEQUATE TRACE MINERALS, EXTERNAL SUPPLEMENTATION HAS BEEN INCREASED
                 TABLE 35 TRACE MINERALS IN FEED MARKET SIZE FOR AQUACULTURE, BY REGION, 2018-2025 (USD MILLION)
                 TABLE 36 TRACE MINERALS IN FEED MARKET SIZE FOR AQUACULTURE, BY REGION, 2018-2025 (TON)
                 TABLE 37 TRACE MINERALS IN FEED MARKET SIZE FOR AQUACULTURE, BY TYPE, 2018-2025 (USD THOUSAND)
                 TABLE 38 TRACE MINERALS IN FEED MARKET SIZE FOR AQUACULTURE, BY TYPE, 2018-2025 (TON)
    7.6 OTHER LIVESTOCK
           7.6.1 EQUINE AND PET ANIMALS ARE SUPPLEMENTED WITH TRACE MINERALS TO IMPROVE THEIR HEALTH AND OVERALL WELL-BEING
                 TABLE 39 TRACE MINERALS IN FEED MARKET SIZE FOR OTHER LIVESTOCK, BY REGION, 2018-2025 (USD MILLION)
                 TABLE 40 TRACE MINERALS IN FEED MARKET SIZE FOR OTHER LIVESTOCK, BY REGION, 2018-2025 (TON)
                 TABLE 41 TRACE MINERALS IN FEED MARKET SIZE FOR OTHER LIVESTOCK, BY TYPE, 2018-2025 (USD THOUSAND)
                 TABLE 42 TRACE MINERALS IN FEED MARKET SIZE FOR OTHER LIVESTOCK, BY TYPE, 2018-2025 (TON)

8 TRACE MINERALS IN FEED MARKET, BY CHELATE TYPE (Page No. - 104)
    8.1 INTRODUCTION
        FIGURE 31 TRACE MINERALS IN FEED MARKET SHARE (VALUE , BY CHELATE TYPE, 2020 VS. 2025
        TABLE 43 GLOBAL TRACE MINERALS IN FEED MARKET SIZE, BY CHELATE TYPE, 2018-2025 (USD MILLION)
    8.2 AMINO ACIDS
           8.2.1 MOST TRACE MINERAL MANUFACTURERS PROVIDE AMINO ACID CHELATES AS THEY ARE EASILY ABSORBED BY THE BODY OF ANIMALS
                 TABLE 44 TRACE MINERALS IN FEED MARKET SIZE IN AMINO ACIDS, BY REGION, 2018-2025 (USD MILLION)
    8.3 PROTEINATES
           8.3.1 AS PROTEINATES PRODUCE LESS HARSH METAL WASTE, ITS ADOPTION IS INCREASING GRADUALLY
                 TABLE 45 TRACE MINERALS IN FEED MARKET SIZE IN PROTEINATES, BY REGION, 2018-2025 (USD MILLION)
    8.4 POLYSACCHARIDES
           8.4.1 PROPER MINERAL ABSORPTION AND ENERGY STORAGE IN ANIMAL BODY HAVE LED TO THE INCREASE IN USE OF POLYSACCHARIDE CHELATES IN FEED PRODUCTS
                 TABLE 46 TRACE MINERALS IN FEED MARKET SIZE IN POLYSACCHARIDES, BY REGION, 2018-2025 (USD MILLION)
    8.5 OTHER CHELATE TYPES
           8.5.1 HIGH SOLUBILITY OF PROTEINATES AND VARIOUS HEALTH BENEFITS OF PEPTIDES TO DRIVE THEIR DEMAND
                 TABLE 47 TRACE MINERALS IN FEED MARKET SIZE IN OTHER CHELATE TYPES, BY REGION, 2018-2025 (USD MILLION)

9 TRACE MINERALS IN FEED MARKET, BY FORM (Page No. - 110)
    9.1 INTRODUCTION
           FIGURE 32 TRACE MINERALS IN FEED MARKET SIZE, BY FORM, 2020 VS. 2025
           TABLE 48 GLOBAL TRACE MINERALS IN FEED MARKET SIZE, BY FORM, 2018-2025 (USD MILLION)
    9.2 DRY
           9.2.1 COST-EFFECTIVENESS OF DRY TRACE MINERALS TO DRIVE THE MARKET GROWTH
                 TABLE 49 DRY TRACE MINERALS IN FEED MARKET SIZE, BY REGION, (USD MILLION)
    9.3 LIQUID
           9.3.1 LIQUID TRACE MINERALS TO WITNESS HIGH DEMAND AS THEY CAN BE DIRECTLY INJECTED IN ANIMALS AND ARE CONSIDERED MORE EFFECTIVE ON THEIR HEALTH
                 TABLE 50 LIQUID TRACE MINERALS IN FEED MARKET SIZE, BY REGION, (USD MILLION)

10 TRACE MINERALS IN FEED MARKET, BY REGION (Page No. - 114)
     10.1 INTRODUCTION
          FIGURE 33 CATTLE STOCK IN SELECTED COUNTRIES, 2019 VS 2020, (1000 HEADS
          FIGURE 34 ITALY TO GROW AT THE HIGHEST CAGR IN THE TRACE MINERALS IN FEED MARKET DURING THE FORECAST PERIOD
          TABLE 51 GLOBAL TRACE MINERALS IN FEED MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
          TABLE 52 GLOBAL TRACE MINERALS IN FEED MARKET SIZE, BY REGION, 2018-2025 (TON)
     10.2 NORTH AMERICA
          FIGURE 35 THE US DOMINATED THE NORTH AMERICAN TRACE MINERALS IN FEED MARKET IN 2019
          TABLE 53 NORTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
          TABLE 54 NORTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
          TABLE 55 NORTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE , BY LIVESTOCK, 2018-2025 (TON)
          TABLE 56 NORTH AMERICA: TRACE MINERALS IN FEED MARKET, BY TYPE, 2018-2025 (USD THOUSAND)
          TABLE 57 NORTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE , BY TYPE, 2018-2025 (TON)
          TABLE 58 NORTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE, BY FORM, 2018-2025 (USD MILLION)
          TABLE 59 NORTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE, BY CHELATE TYPE, 2018-2025 (USD MILLION)
           10.2.1 US
                    10.2.1.1 Expansion of the beef, pork, and dairy industries has led to a rise in the use of health-enriching feed additives, driving the growth of the trace minerals in feed market in the US
                             FIGURE 36 PET FOOD FED TO ANIMALS IN THE US IN 2016 (MILLION TON
                             FIGURE 37 COW MILK PRODUCTION IN THE US (1000 MT
                             TABLE 60 US: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
           10.2.2 CANADA
                    10.2.2.1 The well-established pork meat food processing industry drives the growth of the trace minerals in feed market for swine
                             FIGURE 38 SWINE PRODUCTION IN CANADA (1000 HEADS
                             TABLE 61 CANADA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
           10.2.3 MEXICO
                    10.2.3.1 Increase in production and development of the egg sector has created a high demand for quality feed to improve poultry performance
                             FIGURE 39 EGG PRODUCTION IN MEXICO (1000 MT
                             TABLE 62 MEXICO: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
     10.3 EUROPE
          FIGURE 40 EUROPE: TRACE MINERALS IN FEED MARKET SNAPSHOT
          TABLE 63 EUROPE: TRACE MINERALS IN FEED MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
          TABLE 64 EUROPE: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
          TABLE 65 EUROPE: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (TON)
          TABLE 66 EUROPE: TRACE MINERALS IN FEED MARKET, BY TYPE, 2018-2025 (USD THOUSAND)
          TABLE 67 EUROPE: TRACE MINERALS IN FEED MARKET, BY TYPE, 2018-2025 (TON)
          TABLE 68 EUROPE: TRACE MINERALS IN FEED MARKET SIZE, BY FORM, 2018-2025 (USD MILLION)
          TABLE 69 EUROPE: TRACE MINERALS IN FEED MARKET, BY CHELATE TYPE, 2018-2025 (USD MILLION)
           10.3.1 FRANCE
                    10.3.1.1 Domestic consumption of meat products plays a key role in driving the demand for feed additives and trace minerals in the market
                             TABLE 70 FRANCE: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
           10.3.2 GERMANY
                    10.3.2.1 High preference for animal-sourced products, including meat products and milk, has led to a consistent quality supply of feed, driving the demand for trace minerals
                             TABLE 71 GERMANY: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
           10.3.3 ITALY
                    10.3.3.1 Increase in consumption of white meat and poultry rearing to drive the growth of the trace minerals in the feed market in Italy
                             TABLE 72 ITALY: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
           10.3.4 SPAIN
                    10.3.4.1 Increase in production of poultry meat and demand for the organic chicken to widen the application of trace minerals in the feed nutrition industry
                             TABLE 73 SPAIN: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
           10.3.5 UK
                    10.3.5.1 Increase in consumption of ruminants and swine-sourced meat among consumers in the UK drives the growth of the trace minerals in feed market
                             TABLE 74 UK: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
           10.3.6 RUSSIA
                    10.3.6.1 Increase in export of meat products to encourage the demand for nutritional feed in Russia
                             FIGURE 41 RUSSIA: MEAT EXPORT 2018-2019 (TON)
                             TABLE 75 RUSSIA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
           10.3.7 REST OF EUROPE
                  TABLE 76 REST OF EUROPE: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
     10.4 ASIA PACIFIC
          FIGURE 42 ASIA PACIFIC: TRACE MINERALS IN FEED MARKET SNAPSHOT
          TABLE 77 ASIA PACIFIC: TRACE MINERALS IN FEED MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
          TABLE 78 ASIA PACIFIC: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
          TABLE 79 ASIA PACIFIC: TRACE MINERALS FOR FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (TON)
          TABLE 80 ASIA PACIFIC: TRACE MINERALS IN FEED MARKET SIZE, BY TYPE, 2018-2025 (USD THOUSAND)
          TABLE 81 ASIA PACIFIC: TRACE MINERALS IN FEED MARKET SIZE, BY TYPE, 2018-2025 (TON)
          TABLE 82 ASIA PACIFIC: TRACE MINERALS IN FEED MARKET SIZE, BY FORM, 2018-2025 (USD MILLION)
          TABLE 83 ASIA PACIFIC: TRACE MINERALS IN FEED MARKET SIZE, BY CHELATE TYPE, 2018-2025 (USD MILLION)
           10.4.1 CHINA
                    10.4.1.1 Growing demand for poultry products such as white meat and eggs to drive the market for trace minerals to improve productivity of feed
                             TABLE 84 CHINA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
           10.4.2 INDIA
                    10.4.2.1 Demand for poultry in the country remains high as consumers are becoming health-conscious and chicken is a convenient source of protein
                             TABLE 85 INDIA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
           10.4.3 JAPAN
                    10.4.3.1 China's consumption of livestock has witnessed a shift from seafood to poultry, which is witnessing a high demand
                             TABLE 86 JAPAN: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
           10.4.4 THAILAND
                    10.4.4.1 Large-scale production of mineral-based aquafeed for marine animals drives the market growth in Thailand
                             TABLE 87 THAILAND: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
           10.4.5 SOUTH KOREA
                    10.4.5.1 With the lack of resources for producing feed in the country, feed import has become a major concern in South Korea
                             TABLE 88 SOUTH KOREA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
           10.4.6 INDONESIA
                    10.4.6.1 Demand for mineral additives in poultry and aquaculture to drive the growth of the market
                             TABLE 89 INDONESIA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD THOUSAND)
           10.4.7 REST OF ASIA PACIFIC
                    10.4.7.1 Rest of Asia Pacific comprises countries such as the Philippines and Australia that increase the market size of the region
                             TABLE 90 REST OF ASIA PACIFIC: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
     10.5 SOUTH AMERICA
          TABLE 91 SOUTH AMERICA: TRACE MINERALS IN FEED MARKET, BY COUNTRY, 2018-2025 (USD MILLION)
          TABLE 92 SOUTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
          TABLE 93 SOUTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE , BY LIVESTOCK, 2018-2025 (TON)
          TABLE 94 SOUTH AMERICA: TRACE MINERALS IN FEED MARKET, BY TYPE, 2018-2025 (USD THOUSAND)
          TABLE 95 SOUTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE , BY TYPE, 2018-2025 (TON)
          TABLE 96 SOUTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE, BY FORM, 2018-2025 (USD MILLION)
          TABLE 97 SOUTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE, BY CHELATE TYPE, 2018-2025 (USD MILLION)
           10.5.1 BRAZIL
                    10.5.1.1 Increase in export of beef to drive the growth of the trace minerals in feed market in Brazil
                             FIGURE 43 BEEF PRODUCTION IN BRAZIL, 2018-2020 (1000 MT
                             FIGURE 44 BRAZIL CONSUMER MEAT PREFERENCE, 2018
                             TABLE 98 BRAZIL: TRACE MINERAL IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
           10.5.2 ARGENTINA
                    10.5.2.1 Increase in focus on developing high-quality chicken meat products to drive the demand for trace minerals in feed products to improve animal health
                             FIGURE 45 HUMAN CHICKEN MEAT CONSUMPTION, 2018-2020 (1000 MT
                             TABLE 99 ARGENTINA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD THOUSAND)
           10.5.3 REST OF SOUTH AMERICA
                    10.5.3.1 Increase in consumption of processed meat and dairy products to drive the demand for trace minerals
                             TABLE 100 REST OF SOUTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD THOUSAND)
     10.6 ROW
          TABLE 101 ROW: TRACE MINERALS IN FEED MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
          TABLE 102 ROW: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
          TABLE 103 ROW: TRACE MINERALS IN FEED MARKET SIZE , BY LIVESTOCK, 2018-2025 (TON)
          TABLE 104 ROW: TRACE MINERALS IN FEED MARKET, BY TYPE, 2018-2025 (USD THOUSAND)
          TABLE 105 ROW: TRACE MINERALS IN FEED MARKET SIZE , BY TYPE, 2018-2025 (TON)
          TABLE 106 ROW: TRACE MINERALS IN FEED MARKET SIZE, BY FORM, 2018-2025 (USD MILLION)
          TABLE 107 ROW: TRACE MINERALS IN FEED MARKET SIZE, BY CHELATE TYPE, 2018-2025 (USD MILLION)
           10.6.1 MIDDLE EAST
                    10.6.1.1 Growing demand for chicken meat products to drive the growth of the trace minerals in feed market
                             FIGURE 46 CHICKEN MEAT PRODUCTION IN SAUDI ARABIA, 2018-2021 (MT
                             TABLE 108 MIDDLE EAST: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD MILLION)
           10.6.2 AFRICA
                    10.6.2.1 High consumption of pork and beef in Africa has led to an increase in their production, which, in turn, is projected to drive the growth of the trace minerals in feed market
                             FIGURE 47 THE PER CAPITA CONSUMPTION OF MEAT IN SOUTH AFRICA, 2018 (KG/ANNUM
                             TABLE 109 AFRICA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD THOUSAND)
                             TABLE 109 AFRICA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018-2025 (USD THOUSAND))


11 COMPETITIVE LANDSCAPE (Page No. - 166)
     11.1 OVERVIEW
          FIGURE 48 MARKET EVALUATION FRAMEWORK
     11.2 RANKINGS OF KEY PLAYERS
          FIGURE 49 CARGILL, INCORPORATED DOMINATED THE TRACE MINERALS IN FEED MARKET IN 2019
     11.3 MARKET SHARE ANALYSIS
     11.4 COMPETITIVE SCENARIO
          FIGURE 50 KEY DEVELOPMENTS IN THE TRACE MINERALS FOR FEED MARKET (2018-2020)
           11.4.1 NEW PRODUCT LAUNCHES
                  TABLE 110 NEW PRODUCT LAUNCHES, 2018-2020
           11.4.2 EXPANSIONS & INVESTMENTS
                  TABLE 111 EXPANSIONS & INVESTMENTS, 2018-2020
           11.4.3 ACQUISITIONS
                  TABLE 112 ACQUISITIONS, 2018-2020
           11.4.4 PARTNERSHIPS, MERGERS, AND COLLABORATIONS
                  TABLE 113 PARTNERSHIPS, MERGERS, AND COLLABORATIONS, 2018-2019

12 COMPANY PROFILES (Page No. - 174)
     12.1 OVERVIEW
     12.2 COMPANY EVALUATION MATRIX DEFINITIONS AND METHODOLOGY
           12.2.1 STAR
           12.2.2 EMERGING LEADERS
           12.2.3 PERVASIVE
           12.2.4 PARTICIPANT
                  FIGURE 51 TRACE MINERALS IN FEED COMPANY EVALUATION QUADRANT, 2019
     12.3 COMPANY PROFILES
(Business overview, Products offered, Recent Developments, SWOT analysis, Right to win)*
           12.3.1 CARGILL, INCORPORATED
                  FIGURE 52 CARGILL, INCORPORATED: COMPANY SNAPSHOT
           12.3.2 ARCHER DANIELS MIDLAND COMPANY
                  FIGURE 53 ARCHER DANIELS MIDLAND COMPANY: COMPANY SNAPSHOT
           12.3.3 BASF SE
                  FIGURE 54 BASF SE : COMPANY SNAPSHOT
           12.3.4 BLUESTAR ADISSEO CO., LTD
                  FIGURE 55 BLUESTAR ADISSEO CO., LTD. : COMPANY SNAPSHOT
           12.3.5 KONINKLIJKE DSM N.V.
                  FIGURE 56 KONINKLIJKE DSM N.V. : COMPANY SNAPSHOT
           12.3.6 NUTRECON.V
           12.3.7 ALLTECH
           12.3.8 ZINPRO CORPORATION
           12.3.9 ORFFA
           12.3.10 NOVUS INTERNATIONAL
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, Right to win might not be captured in case of unlisted companies.
     12.4 START-UPS/SME'S EVALUATION MATRIX, 2019
           12.4.1 PROGRESSIVE COMPANIES
           12.4.2 STARTING BLOCKS
           12.4.3 RESPONSIVE COMPANIES
           12.4.4 DYNAMIC COMPANIES
                  FIGURE 57 TRACE MINERALS IN FEED MARKET COMPANY EVALUATION QUADRANT (FOR START-UPS/SME'S), 2019
(Business overview, Products offered, Recent Developments, SWOT analysis, Right to win)*
           12.4.5 KEMIN INDUSTRIES, INC.
           12.4.6 LALLEMAND, INC.
           12.4.7 VIRBAC
                  FIGURE 58 VIRBAC: COMPANY SNAPSHOT
           12.4.8 GLOBAL ANIMAL PRODUCTS
           12.4.9 DR. PAUL LOHMANN GMBH & CO. KGAA
           12.4.10 BIOCHEM ZUSATZSTOFFE
           12.4.11 VETERINARY PROFESSIONAL SERVICES LTD
           12.4.12 CHEMLOCK NUTRITION CORPORATION
           12.4.13 DR. ECKEL ANIMAL NUTRITION GMBH & CO.KG
           12.4.14 VETLINE
           12.4.15 GREEN MOUNTAIN NUTRITIONAL SERVICES INC.
           12.4.16 BIORIGIN
           12.4.17 TANKE
           12.4.18 JH BIOTECH, INC.
           12.4.19 QUALITECH, INC.

*Details on Business overview, Products offered, Recent Developments, SWOT analysis, Right to win might not be captured in case of unlisted companies.

13 APPENDIX (Page No. - 231)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

The study involves four major activities to estimate the current market size of the trace minerals in feed market.  Exhaustive secondary research was done to collect information on the market, peer market, and parent market. These findings, assumptions, and market sizes were validated with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation approaches were used to estimate the market size of various segments and subsegments.

Secondary Research 

In the secondary research process, various secondary sources such as the Food and Drug Administration (FDA), United States Department of Agriculture (USDA), European Commission,  Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, food safety organizations, regulatory bodies, and trade directories.

Primary Research 

The trace minerals in feed market comprises several stakeholders such feed manufacturers, animal breeders, commercial research organisations/agencies/laboratories, and regulatory bodies such as the intermediary suppliers, wholesalers, traders, research institutes and organization, and regulatory bodies such as United States Department of Agriculture (USDA), Association of American Feed Control Officials (AAFCO), Compound Feed Manufacturers Association (CLFMA), EU Association of Specialty Feed Ingredients and their Mixtures (FEFANA), International Feed Industry Federation (IFIF), Food and Agriculture Organisation (FAO) and Animal Feed Manufacturers Association (AFMA) 

The demand side is comprised of strong demand from the various animal breeders, nutritional supplements for animals producers, and feed manufacturers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:  

Trace-Minerals In Feed Market Size

To know about the assumptions considered for the study, download the pdf brochure

*Others include sales managers, marketing managers, and product managers.

**RoW includes the Middle East and Africa.

Note: The three tiers of the companies are defined based on their total revenues in 2017 or 2018, as per the availability of financial data. Tier 1: Revenue > USD 1 billion; Tier 2: USD 100 million <= Revenue < =USD 1 billion; Tier 3: Revenue < USD 100 million. 

Market Size Estimation 

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the trace minerals in feed market. The research methodology used to estimate the market size includes the following: 

  • The key players were identified through extensive secondary research.
  • The industry’s supply chain and market size were determined through primary and secondary research.
  • All percentage shares splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All the possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. 

Trace Minerals in Feed Market Size: Bottom-Up Approach

Trace Minerals in Feed Market Size: Bottom-Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

*RoW includes Africa and the Middle East.

Note: To be calculated similarly for all the regions

Source: Secondary Research, Company Annual Reports, White Papers, Press Releases, and MarketsandMarkets Analysis 

Data Triangulation 

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed. The data was triangulated by studying various factors and trends from both the demand and supply sides in the trace minerals in feed market. 

Report Objectives 

  • To define, segment, and estimate the size of the trace minerals in feed market with respect to its type, livestock, chelate type, form, and region
  • To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze the complete value chain and influence of all key stakeholders, such as manufacturers, suppliers, and end users
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To profile the key players and comprehensively analyze their core competencies
  • To analyze the competitive developments, such as new product launches, acquisitions, investments, expansions, partnerships, agreements, joint ventures, and product approvals, in the trace minerals in feed market 

AVAILABLE CUSTOMIZATIONS

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report: 

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company 

Geographic Analysis

  • With the given market data, MarketsandMarkets offers customizations according to the company’s specific scientific needs. 

Geographic Analysis

  • Further breakdown of the Rest of Europe market for trace minerals in feed which includes countries such as Poland, Ukraine, Hungary and Denmark
  • Further breakdown of the Rest of Asia Pacific market for trace minerals in feed , which includes countries such as Malaysia,Australia, Vietnam and Philippines.
  • Further breakdown of the Rest of South America market for trace minerals in feed which includes countries such as Peru, Uruguay and Venezuela 

Company Information

  • Detailed analysis and profiling of additional market players (up to five) 
COVID-19

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Benchmarking the rapid strategy shifts of the Top 100 companies in the Trace Minerals in Feed Market

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