Data Bridge Market Research analyses that the chelated feed trace minerals market will project a compound annual growth rate (CAGR) of 5.60% during the forecast period of 2022 to 2029.
Chelated feed trace minerals are required in less quantity but are essential in maintaining animals' growth and performance enhancements. Chelated feed trace minerals are also known as organic trace minerals which are used in feed of animals.
The increasing requirement for meat products is a major factor accelerating the growth of the chelated feed trace minerals market. Furthermore, the rising demand and usage of water-soluble natural feed and rising demand due to the awareness about the harmful effects of consuming inorganic trace materials comprising heavy metal contaminants are the vital factors driving the growth of chelated feed trace minerals market. Increased growth of the organized livestock and the precision nutrition techniques in the developing countries will create further opportunities for the chelated feed trace minerals market in the forecast period of 2022 to 2029.
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The major players operating in the chelated feed trace minerals market report are Cargill, Incorporated, ADM, BASF SE, DSM, DLG Group, Bluestar Adisseo Co., Ltd., Alltech., Kemin Industries, Inc, Zinpro Corporation, Nyrstar, BHP, Tanke RBA Exports Private Limited, Seksaria Foundries Limited, Nexus Cast., and Sneh Precast Products among others.
Scope of the Chelated Feed Trace Minerals Market Report:
The chelated feed trace minerals market is segmented on the basis of type, application, livestock & form. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the chelated feed trace minerals market is segmented into zinc, iron, manganese, cobalt, chromium & copper.
- Based on livestock, the chelated feed trace minerals market is segmented into ruminants, swine, poultry & aquaculture.
- Based on application, the chelated feed trace minerals market is segmented into dairy cattle, poultry, horses & pigs.
- The chelated feed trace minerals market is also segmented on the basis of form into dry & liquid.
Chelated Feed Trace Minerals Market Regional Analysis/Insights
The Chelated Feed Trace Minerals market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Chelated Feed Trace Minerals market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Chelated Feed Trace Minerals within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Chelated Feed Trace Minerals market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.