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Global Feed Minerals market - Growth, Trends And Forecasts (2015-2020)

The North American feed minerals market was valued at USD 2608 million in 2015 and is expected to grow into a USD 3215.5 million by 2020 growing at a CAGR of 4.2% during the forecast period. The Minerals are elements that occur combined with natural substances like soil, water and plants. Minerals in animal diet are obtained from the plants and water that are consumed by the animal. But availability of minerals in animal diet is variable. The increasing demand for mineral rich animal meat is largely driving the feed minerals market. High protein content and quality animal meat is the utmost preference of the consumers. The meat processing industries are all set to expand their production capacities and the key players are investing more in research and development, aiming at new and innovative formulations. The increasing disposable income in emerging countries have contributed significantly for the growth in mineral supplement markets. Nevertheless, there are a few restraints for the growth of the market like the stringent government rules on the usage of certain minerals and their percentages in feeds. Additionally, the rising cost of raw materials is also hindering the growth of the market. However, there is a scope for potential growth of the market with growing demand for organic feed. The developing nations like Asia Pacific provide a huge platform for growth of new players with innovative and animal specific feeds. The minerals are classified depending on their functions as macro and micro or trace elements. Major essential minerals like Sodium, Chlorine, Potassium, Calcium etc come under macro minerals while trace elements include Iron, Zinc, Iodine, Copper etc. Organic trace minerals, carbon bounded elements have several properties that improves eggshell quality, helps cure piglet diarrhoea and many other useful and important functions. Organic trace minerals are used in small quantity to improve the quality of food/ feed. Trace minerals have vital role in maintaining animal health. The rate of absorption of the food increases with the presence of trace minerals in the feed. Organic trace minerals have more preference over the inorganic minerals due to their health benefits and impact on the taste of the feed, thus driving the feed minerals market. The market is further segmented by animal type. Minerals play a major role in animal health by improving the animal peformance in digestion, assimilation and boosting the immunity. Mineral deficiencies in animals leads to ricket, milk fever and osteoporosis. These occur due to improper balance/ absence of minerals in animal diet. Eventually, to overcome these diseases the market for feed minerals is escalating. However, balanced mineral diet is to be maintained as excess mineral content can lead to further complications. For example, excess Phosporous may lead to a Urinary calculi in male ruminants. It is important to monitor the intake of minerals as well. Pastures are no exceptions and are often deficient in several minerals compared to the NRC requirements. Even with grain supplementation of pasture-based diets, most rations need to be supplemented with concentrated sources of certain minerals. Asia Pacific is estimated to have a higher growth rate because of the increased demand for dairy and meat products. There is a continuous requirement of mineral rich feed to produce quality output from the animals. Also, the country’s increasing population and changing food preferences is further expanding the market. Healthy, nutritious food is preferred and the rising standards of living is adding to the growth of the market. Additionally, growing awareness about the product efficiency has further expanded the growth of the market. Other upcoming markets like Africa and South America have also shown considerable growth rates owing to global trends. Some of the key market players are Royal DSM, Tanke Biosciences Corp, Nutreco NV and Biochem Lohne Germany. The companies employ various strategies to increase their market share like mergers and joint ventures. The top most players acquire small scale companies thus increasing the product range and specificity. Key Deliverables in the Study • Market analysis for the Global Feed Minerals Market, with region specific assessments and competition analysis on global and regional scales • Market definition along with the identification of key drivers and restraints • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale • Extensively researched competitive landscape section with profiles of major companies along with their market shares • Identification and analysis of the macro and micro factors that affect the Global Feed Minerals market on both global and regional scales • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market • Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

Published By: Mordor Intelligence
Published Date: Q1 2016

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