Global Bentonite Market Growth, Market Insights and Forecast to 2025Posted by rekha on October 21st, 2019 The global animal feed micronutrients market is expected to reach US$ 2,101.3 Bn by 2025. Micronutrients are the nutritional elements required by the organisms in very less amounts to uphold the proper physiological functions. The aspects which are driving the growth of global animal feed micronutrients market are growth in the population wishing for healthy meat and dairy products, growing interest in keeping animals as a pet, and upsurge in the consumption of dairy products in the food industry. Besides, increase in outlay for the animal well-being and wellness, and awareness of the proper health of the animals is expected to strengthen the animal feed micronutrients market over the forecast period. Additionally, rising occurrence of various diseases in animals, contamination of the water, lack of nutritional food, and an increasing awareness about the adverse effects linked with the chemical food are also fueling the animal feed micronutrients market over the coming years. Conversely, rigorous regulatory policies for the approval of nutritional products, lack of alertness regarding the animal feed micronutrients in untaught and underprivileged farmers, who are only favoring grass and other old-style food products in the rural area, are restraining the growth of animal feed micronutrients market. Moreover, difficulty in the dosing application can also impede the animal feed micronutrients market growth over the forecast years. Global animal feed micronutrients market is segmented on the basis of product type, micronutrient type, livestock, and region. Request for Sample Report @ https://www.precisionbusinessinsights.com/request-sample?product_id=16625 PoultryDominate the Global Animal Feed Micronutrients Market Based on the livestock, global animal feed micronutrients market is segmented into aqua, swine, poultry, equine, ruminants, and others. Poultry dominated the global animal feed micronutrients market due to its increasing demand among the consumers. They are very popular for their egg and meat. They account for about 30 % of the total meat production worldwide.
Asia Pacific Leads the Global Animal Feed Micronutrients Market
PBI’s global animal feed micronutrients market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, Asia Pacific dominates the global animal feed micronutrients market due to growing feasting of healthy meat and dairy products. Additionally, change to more nutritious diets increased the demand for meat therefore had an impact on the market for feed micronutrients. Moreover, there continuous growing population especially in country like India and China, increasing adoption of pet animals, raising urbanization, and rise in cattle population are surging the growth of animal feed micronutrients market in APAC region. After Asia Pacific, North America dominates the global animal feed micronutrients market because of their high disposable incomes, high expenditure for animal welfare and wellness, and increasing awareness about the animal feed micronutrients. Between the years 2017 to 2018, 68% of USA households or about 85 million families owned a pet, according to the National Pet Owners Survey conducted by the American Pet Products Association (APPA). Europe holds a substantial share in animal feed micronutrients market due to increase in the fondness for consumption of meat and dairy products, especially in European countries like Norway, Ireland, and UK among others. An improved livestock health care expense as a result of the increasing epidemic of disease has had a positive impact on product demand in the European region. Launch of newer products, and strategic alliances are the key strategies adopted by market players
Global animal feed micronutrients market further reveals that the key player’s increasingly adopting strategies such as mergers and acquisitions, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
Key player’s profiles in the report are Archer Daniels Midland Company (USA), Lallemand Inc. (Canada), Cargill Inc. (USA), Kemin Industries Inc. (USA), Nutreco N.V. (Netherlands), Balchem Corporation (USA), Novus International Inc. (USA), Zinpro Corporation (USA), Alltech Inc. (USA), Aries Agro Ltd. (India), Agrium Advanced Technologies (Canada), Anco Animal Nutrition Competence GmbH (Austria), Zivo Bioscience, Inc. (USA), Nutreco (Netherlands), and NutriQuest (USA). Precision Business Insights (PBI) in its report titled “Global Animal Feed Micronutrients Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Detailed Segmentation
By Product Type
By Micronutrient Type
By Livestock
Geography
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)
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