Feed Micronutrients Market are the vitamins, minerals and the trace elements that are necessary for cellular growth and differentiation, energy metabolism, organ and immune function. Deficiency of these micronutrients may cause bad health and performance. Animals need vitamins, minerals, energy, protein and water in proper amount to regulate growth, lactation and reproduction. It contributes towards prevention of diseases and digestibility in livestock. They are primarily very popular due to the growth advocate with beneficial results on reproductive maximization, digestibility and prevention of diseases.
Global feed micronutrients market is expected to rise from its initial estimated value by registering a substantial CAGR of 7.3% in the forecast period of 2019-2026. Rising consumer knowledge of ruminant health along with the increasing breeding expenditures and animal husbandry will increase the market growth.
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Competitive Analysis: Global Feed MicronutrientsMarket
Few of the major competitors currently working in Global Feed Micronutrients Market are Novus International, RIDLEY USA INC., Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH, Phibro Animal Health Corporation., Koninklijke DSM N.V., Alltech, Cargill, Incorporated, Nutreco , Mercer Milling Co. Inc, Zinpro Corporation, Pancosma, Kemin Industries Inc,, Vamso Biotec Pvt. Ltd, Aries Agro Limited, Nutrien Ag Solutions (Canada), Inc., Dow, Coromandel International, Haifa Group., and Helena Agri-Enterprises, LLC among others.
Key Pointers Covered in the Global Feed MicronutrientsMarket Trends and Forecast to 2026
- Global Feed MicronutrientsMarket New Sales Volumes
- Global Feed Micronutrients Market Replacement Sales Volumes
- Global Feed MicronutrientsMarket Installed Base
- Global Feed MicronutrientsMarket By Brands
- Global Feed MicronutrientsMarket Size
- Global Feed Micronutrients Market Procedure Volumes
- Global Feed MicronutrientsMarket Product Price Analysis
- Global Feed MicronutrientsMarket Healthcare Outcomes
- Global Feed MicronutrientsMarket Cost of Care Analysis
- Global Feed MicronutrientsMarket Regulatory Framework and Changes
- Global Feed MicronutrientsMarket Prices and Reimbursement Analysis
- Global Feed MicronutrientsMarket Shares in Different Regions
- Recent Developments for Global Feed MicronutrientsMarket Competitors
- Global Feed MicronutrientsMarket Upcoming Applications
- Global Feed MicronutrientsMarket Innovators Study
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Key Developments in the Market:
- In 2018, Micronutrients (USA) collaborated with Kemin Industries for introducing IntelliBond VITAL 5 Cr. Both the companies are focused on providing dairy and beef cattle nutritionists with safe, high-quality nutritional ingredients. IntelliBond VITAL 5 Cr is introduced for the better performance and well-being of dairy and beef cattle, by containing essential trace minerals for supporting performance of the animals
- In 2016, Trouw Nutreco acquired Micronutrients, a giant in hydroxy-based trace minerals. Nutreco’s plan is to give an animal protein value chain to provide sustainable and innovative nutritional solutions to its customers that requires advanced techniques and application. The amalgamation with its product range and research and development capabilities, this acquisition made Trouw Nutrition a giant in specific feed additive segment of hydroxy trace minerals. Moreover the products of Micronutrients will help to strengthen global premix business of Trouw Nutrition’s
Market Drivers
- Affirmative government norms and regulations specially by CFIA, REACH and FDA for prevention of the micronutrient malnutrition and reduction of synthetic additives consumption will propel the market growth
- Adoption of nutritious diets will increase the demand for meat resulting in the growth of the market
- Growing use of trace minerals in dietary supplements to upgrade the quality of animal-based foods and the reproductive efficiency of animals will boost the market growth
- Increasing adoption of pet and huge spending on animal health and wellness will drive the market growth
Market Restraints
- Requirement of huge research and development expenditures for the development of organic minerals may hinder the market growth
- Strict mandates to control the use of zinc and copper that are considered as soil pollutants is restraining the market growth
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Key insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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