Animal Feed Micronutrient Market , by Product (Vitamins [ Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K, Carotenoids], Trace Minerals [Zinc, Copper, Manganese, Iron, Boron], Others), Livestock Feed (Ruminant Feed, Poultry Feed, Equine Feed, Swine Feed, Aqua Feed), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026
- RES4072052
- 280 Pages
- February 2020
- Food and Beverages
Market Definition:
Micronutrients are vitamins and trace minerals. Micronutrients are required in the small quantities, but their deficiencies lead to critical problems. Micronutrients are crucial for the animal for its growth & improvement and these will play major role in the animal for improving resistance to disease and metabolic activities.
Market Drivers:
Increasing the micronutrients requirement for the animals is the important factor for animal feed micronutrient market trends.
The global animal feed micronutrient market is majorly driven by upsurge in the consumption of animal meat around the world. In addition, the increasing demand from animal feed sector to overcome the deficiencies of the micronutrients is also expected to drive the market growth. Growth in the usage of trace minerals and vitamins of micronutrients to initiate significant hormones and enzyme activities in animals. These enzyme activities play vital role in the metabolic processes of animals, this is attributed to drive the market growth in the coming years. Additionally, the significant growth in the dairy and meat production across the globe will also enhance the growth of the micronutrients market. According to the FAO, the rate of global meat production is augmented by 1.5 percent, in 2018 it valued for nearlly 327 Mt, this growth was largely due to improvements in productivity.
Market Restraints:
Strict government regulations on the trace-mineral usage such as Zn & Cu, which are heavy metals and affecting the soil, which leads to photosynthesis in the plants is expected to hinder the market growth. Additionally, the lack of raw material and vast research expenses are also restraining the growth of the market.
Market Opportunities:
Recent developments in animal feed micronutrients to increase digestion of animal, maintenance and growth, to deliver energy. These nutrients help to improve the immunity system to fight against diseases. Furthermore, rise in the number of meat consumers is expected to drive the animal feed micronutrient market growth, these aspects are generating investment opportunities in the animal feed micronutrient industry.
Animal Feed Micronutrient Market, by Product
Vitamins type is predicted to be most lucrative till the end of 2026
Source: Research Dive Analysis
Trace mineral type has generated highest animal feed micronutrient market share of 58.0% in 2018, and was accounted for $795.8 million, is projected to register revenue of $1,333.0 million by the end of 2026. This is due to the rising deficiency of trace minerals in the animals including manganese, iron, zinc and copper. The intake of these micronutrients will fulfill the mineral deficiencies in animals. Vitamins segment will witness a noteworthy growth during the forecast period, and was registered for $439.0 million in the 2018 and is estimated to register $761.7 million by the end of 2026.
Animal Feed Micronutrient Market, by Livestock Feed
Poultry feed segment is predicted to be most lucrative till the end of 2026
Source: Research Dive Analysis
The aqua feed is expected to register $243.8 million by the end of 2026, at a highest growth rate of 7.5%, owing to growth in the consumption of aquatic foods which is the major source for omega 3 fatty acid that is essential for body and brain. Along with aqua feed, the market for swine feed is estimated to account for $382.0 million by 2026, increasing from $219.5 million in the 2018.
The poultry feed segment generated majority of the animal feed micronutrient market size in the 2018, and valued for $576.2 million and is projected to register a revenue of $963.8 million by the end of 2026, owing to the increase in the consumption rate of poultry products, these products have huge quantity of nutrients such as proteins and vitamins.
Animal feed micronutrient Market, by Region:
Asia-Pacific region will have enormous opportunities for the market investors to grow over the coming years
Global animal feed micronutrient market dominated by Asia-Pacific in 2018, and is projected to continue its dominance over the forecast period. Asia-pacific is estimated to generate revenue of $759.4 million by the end of 2026. This is mainly owing to the huge consumer base for animal meat and change in the dietary plans across the fast growing countries in this region such as china, India and Japan. Along with Asia-Pacific, the North America has generated the second highest revenue and is accounted for $370.4 million in 2018. This is due to the presence of major number of meat producers in this region. Europe market is projected to experience remarkable growth and it was valued at $301.8 million in 2018, is estimated to reach $520.2 million, at a CAGR of 7.0% during forecast period. this growth is owing to the presence of the manufacturers and upsurge in the production of the animal feed nutrient in the France and Germany to meet meat consumption in Europe.
Key participants in Global Animal Feed Micronutrient Market:
Product development and joint ventures are the most common strategies followed by the market players
Source: Research Dive Analysis
Top gaining key players of animal feed micronutrient market are Kemin Industries Inc., Zinpro Corporation, Balchem Corp, Alltech Inc., Novus International Inc., Archer Daniels Midland Company, Cargill Inc., Qualitech Inc., Lallemand Inc., and Nutreco N.V. these manufacturers are concentrating on product improvements, new technologies, joint ventures and upgradation of the existing technologies are key strategies in order to gain highest market size.
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.4.1. Assumptions
1.4.2. Forecast parameters
1.5. Data sources
1.5.1. Primary
1.5.2. Secondary
2. Executive Summary
2.1. 360° summary
2.2. Product trends
2.3. Livestock Feed trends
3. Market Overview
3.1. Market segmentation & definitions
3.2. Key takeaways
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Pricing overview
3.8.1. By product
3.8.2. By livestock Feed
3.8.3. By region
3.9. Market value chain analysis
3.9.1. Stress point analysis
3.9.2. Raw material analysis
3.9.3. Manufacturing process
3.9.4. Distribution channel analysis
3.9.5. Operating vendors
3.9.5.1. Raw material suppliers
3.9.5.2. Product manufacturers
3.9.5.3. Product distributors
3.10. Strategic overview
4. Animal Feed Micronutrients Market, by Product
4.1. Vitamins
4.1.1. Market size and forecast, by region, 2018-2026
4.1.2. Comparative market share analysis, 2018 & 2026
4.1.2.1. Vitamin A
4.1.2.1.1. Market size and forecast, by region, 2018-2026
4.1.2.1.2. Comparative market share analysis, 2018 & 2026
4.1.2.2. Vitamin B
4.1.2.2.1. Market size and forecast, by region, 2018-2026
4.1.2.2.2. Comparative market share analysis, 2018 & 2026
4.1.2.3. Vitamin C
4.1.2.3.1. Market size and forecast, by region, 2018-2026
4.1.2.3.2. Comparative market share analysis, 2018 & 2026
4.1.2.4. Vitamin D
4.1.2.4.1. Market size and forecast, by region, 2018-2026
4.1.2.4.2. Comparative market share analysis, 2018 & 2026
4.1.2.5. Vitamin E
4.1.2.5.1. Market size and forecast, by region, 2018-2026
4.1.2.5.2. Comparative market share analysis, 2018 & 2026
4.1.2.6. Vitamin K
4.1.2.6.1. Market size and forecast, by region, 2018-2026
4.1.2.6.2. Comparative market share analysis, 2018 & 2026
4.1.2.7. Carotenoids
4.1.2.7.1. Market size and forecast, by region, 2018-2026
4.1.2.7.2. Comparative market share analysis, 2018 & 2026
4.2. Minerals
4.2.1. Market size and forecast, by region, 2018-2026
4.2.2. Comparative market share analysis, 2018 & 2026
4.2.2.1. Zinc
4.2.2.1.1. Market size and forecast, by region, 2018-2026
4.2.2.1.2. Comparative market share analysis, 2018 & 2026
4.2.2.2. Copper
4.2.2.2.1. Market size and forecast, by region, 2018-2026
4.2.2.2.2. Comparative market share analysis, 2018 & 2026
4.2.2.3. Manganese
4.2.2.3.1. Market size and forecast, by region, 2018-2026
4.2.2.3.2. Comparative market share analysis, 2018 & 2026
4.2.2.4. Iron
4.2.2.4.1. Market size and forecast, by region, 2018-2026
4.2.2.4.2. Comparative market share analysis, 2018 & 2026
4.2.2.5. Boron
4.2.2.5.1. Market size and forecast, by region, 2018-2026
4.2.2.5.2. Comparative market share analysis, 2018 & 2026
4.3. Others
4.3.1. Market size and forecast, by region, 2018-2026
4.3.2. Comparative market share analysis, 2018 & 2026
5. Animal Feed Micronutrients Market, by Livestock Feed
5.1. Ruminant Feed
5.1.1. Market size and forecast, by region, 2018-2026
5.1.2. Comparative market share analysis, 2018 & 2026
5.2. Poultry Feed
5.2.1. Market size and forecast, by region, 2018-2026
5.2.2. Comparative market share analysis, 2018 & 2026
5.3. Equine Feed
5.3.1. Market size and forecast, by region, 2018-2026
5.3.2. Comparative market share analysis, 2018 & 2026
5.4. Swine Feed
5.4.1. Market size and forecast, by region, 2018-2026
5.4.2. Comparative market share analysis, 2018 & 2026
5.5. Aqua Feed
5.5.1. Market size and forecast, by region, 2018-2026
5.5.2. Comparative market share analysis, 2018 & 2026
6. Animal Feed Micronutrients Market, by Region
6.1. North America
6.1.1. Market size and forecast, by product, 2018-2026
6.1.2. Market size and forecast, by livestock feed, 2018-2026
6.1.3. Market size and forecast, by country, 2018-2026
6.1.4. Comparative market share analysis, 2018 & 2026
6.1.5. U.S.
6.1.6. Market size and forecast, by product, 2018-2026
6.1.6.1. Market size and forecast, by livestock feed, 2018-2026
6.1.6.2. Comparative market share analysis, 2018 & 2026
6.1.7. Canada
6.1.8. Market size and forecast, by product, 2018-2026
6.1.8.1. Market size and forecast, by livestock feed, 2018-2026
6.1.8.2. Comparative market share analysis, 2018 & 2026
6.2. Europe
6.2.1. Market size and forecast, by product, 2018-2026
6.2.2. Market size and forecast, by livestock feed, 2018-2026
6.2.3. Market size and forecast, by country, 2018-2026
6.2.4. Comparative market share analysis, 2018 & 2026
6.2.5. Germany
6.2.6. Market size and forecast, by product, 2018-2026
6.2.6.1. Market size and forecast, by livestock feed, 2018-2026
6.2.6.2. Comparative market share analysis, 2018 & 2026
6.2.7. UK
6.2.8. Market size and forecast, by product, 2018-2026
6.2.8.1. Market size and forecast, by livestock feed, 2018-2026
6.2.8.2. Comparative market share analysis, 2018 & 2026
6.2.9. France
6.2.10. Market size and forecast, by product, 2018-2026
6.2.10.1. Market size and forecast, by livestock feed, 2018-2026
6.2.10.2. Comparative market share analysis, 2018 & 2026
6.2.11. Spain
6.2.12. Market size and forecast, by product, 2018-2026
6.2.12.1. Market size and forecast, by livestock feed, 2018-2026
6.2.12.2. Comparative market share analysis, 2018 & 2026
6.2.13. Italy
6.2.14. Market size and forecast, by product, 2018-2026
6.2.14.1. Market size and forecast, by livestock feed, 2018-2026
6.2.14.2. Comparative market share analysis, 2018 & 2026
6.2.15. Rest of Europe
6.2.16. Market size and forecast, by product, 2018-2026
6.2.16.1. Market size and forecast, by livestock feed, 2018-2026
6.2.16.2. Comparative market share analysis, 2018 & 2026
6.3. Asia Pacific
6.3.1. Market size and forecast, by product, 2018-2026
6.3.2. Market size and forecast, by livestock feed, 2018-2026
6.3.3. Market size and forecast, by country, 2018-2026
6.3.4. Comparative market share analysis, 2018 & 2026
6.3.5. China
6.3.6. Market size and forecast, by product, 2018-2026
6.3.6.1. Market size and forecast, by livestock feed, 2018-2026
6.3.6.2. Comparative market share analysis, 2018 & 2026
6.3.7. India
6.3.8. Market size and forecast, by product, 2018-2026
6.3.8.1. Market size and forecast, by livestock feed, 2018-2026
6.3.8.2. Comparative market share analysis, 2018 & 2026
6.3.9. Australia
6.3.10. Market size and forecast, by product, 2018-2026
6.3.10.1. Market size and forecast, by livestock feed, 2018-2026
6.3.10.2. Comparative market share analysis, 2018 & 2026
6.3.11. Rest of Asia Pacific
6.3.12. Market size and forecast, by product, 2018-2026
6.3.12.1. Market size and forecast, by livestock feed, 2018-2026
6.3.12.2. Comparative market share analysis, 2018 & 2026
6.4. LAMEA
6.4.1. Market size and forecast, by product, 2018-2026
6.4.2. Market size and forecast, by livestock feed, 2018-2026
6.4.3. Market size and forecast, by country, 2018-2026
6.4.4. Comparative market share analysis, 2018 & 2026
6.4.5. Latin America
6.4.6. Market size and forecast, by product, 2018-2026
6.4.6.1. Market size and forecast, by livestock feed, 2018-2026
6.4.6.2. Comparative market share analysis, 2018 & 2026
6.4.7. Middle East
6.4.8. Market size and forecast, by product, 2018-2026
6.4.8.1. Market size and forecast, by livestock feed, 2018-2026
6.4.8.2. Comparative market share analysis, 2018 & 2026
6.4.9. Africa
6.4.10. Market size and forecast, by product, 2018-2026
6.4.10.1. Market size and forecast, by livestock feed, 2018-2026
6.4.10.2. Comparative market share analysis, 2018 & 2026
7. Company Profiles
7.1. Nutreco N.V.
7.1.1. Business overview
7.1.2. Financial performance
7.1.3. Product portfolio
7.1.4. Recent strategic moves & developments
7.1.5. SWOT analysis
7.2. Archer Daniels Midland Company
7.2.1. Business overview
7.2.2. Financial performance
7.2.3. Product portfolio
7.2.4. Recent strategic moves & developments
7.2.5. SWOT analysis
7.3. Balchem Corp
7.3.1. Business overview
7.3.2. Financial performance
7.3.3. Product portfolio
7.3.4. Recent strategic moves & developments
7.3.5. SWOT analysis
7.4. Kemin Industries Inc.
7.4.1. Business overview
7.4.2. Financial performance
7.4.3. Product portfolio
7.4.4. Recent strategic moves & developments
7.4.5. SWOT analysis
7.5. Qualitech Inc.
7.5.1. Business overview
7.5.2. Financial performance
7.5.3. Product portfolio
7.5.4. Recent strategic moves & developments
7.5.5. SWOT analysis
7.6. Zinpro Corporation
7.6.1. Business overview
7.6.2. Financial performance
7.6.3. Product portfolio
7.6.4. Recent strategic moves & developments
7.6.5. SWOT analysis
7.7. Lallemand Inc.
7.7.1. Business overview
7.7.2. Financial performance
7.7.3. Product portfolio
7.7.4. Recent strategic moves & developments
7.7.5. SWOT analysis
7.8. Novus International Inc.
7.8.1. Business overview
7.8.2. Financial performance
7.8.3. Product portfolio
7.8.4. Recent strategic moves & developments
7.8.5. SWOT analysis
7.9. Cargill Inc.
7.9.1. Business overview
7.9.2. Financial performance
7.9.3. Product portfolio
7.9.4. Recent strategic moves & developments
7.9.5. SWOT analysis
7.10. Alltech Inc.
7.10.1. Business overview
7.10.2. Financial performance
7.10.3. Product portfolio
7.10.4. Recent strategic moves & developments
7.10.5. SWOT analysis
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