Animal Feed Organic Trace Mineral Market Segment Insights
Animal Feed Organic Trace Mineral Market Mineral Type Insights
The Animal Feed Organic Trace Mineral Market is classified by Mineral Type into Zinc, Manganese, Copper, Iron, Iodine, Cobalt, and Selenium, among which Zinc holds the highest share, and the market is expected to account for more than 20% of the market in 2023. The demand for this type of mineral is attributed to the fact that it is an essential organic trace mineral used in immune function, growth, and reproduction of animals. This is followed by the Manganese segment, accounting for a market share of about 15%.
The trace mineral is important for supporting healthy bone development, cartilage formation, and energy metabolism.The third most popular segment is Copper, which makes up approximately 12% of the market. Copper is beneficial to animals because it is important in forming red blood cells and in the proper function of the immune system. It is followed by Iron, which is an essential mineral for oxygen transport throughout the body and red blood cell production; the segment is expected to account for nearly 10% of the market.
The fifth-most popular trace mineral is Iodine, with a share of about 5% importance for regulating growth and metabolism, which is controlled by thyroid hormones.Cobalt, with a share of 3%, is important in the formation of vitamin B12, which in return helps in the formation of red blood cells and the functioning of nerves. Lastly, the Selenium segment, with a share of 2%, is important in animals for the antioxidant defense and immune function.
The market growth of these most popular segments is estimated to be driven by the increase in overall awareness of trace minerals among the various stakeholders, such as farmers and animal feed manufacturers, the heightened surge in consumed quantities of animal proteins, and the increase in demand of stakeholders for animal health.
Source Primary Research, Secondary Research, Market Research Future Database and Analyst Review
Animal Feed Organic Trace Mineral Market Livestock Insights
The livestock segment accounted for the largest share of the Animal Feed Organic Trace Mineral Market in 2023 and is anticipated to remain in the leading position throughout the forecast period. The growth of the segment is driven by the increasing demand for animal-sourced protein and the rising awareness of the importance of trace minerals for animals.
The poultry sub-segment accounted for the largest share of the segment in 2023, owing to the growing consumption of poultry meat and the rampant adoption of intensive and industrial-scale farming practices by producers.The cattle sub-segment is also projected to demonstrate significant growth during the forecast period, owing to the rising demand for beef and dairy products. The swine sub-segment is expected to grow at a moderate pace due to the rising demand for pork and the rapid development of the swine sector in emerging countries.
The fish sub-segment is anticipated to show high growth due to the rising demand for farmed fish and growing awareness about the health benefits of fish. The dairy animal’s sub-segment is also projected to drive the growth of the livestock segment, owing to the increasing demand for milk and milk products.
Animal Feed Organic Trace Mineral Market Source Insights
The source segment of the Animal Feed Organic Trace Mineral Market plays a crucial role in determining the quality and effectiveness of the trace minerals provided to animals. Chelates, hydroxides, oxides, sulfates, and carbonates are the primary sources of organic trace minerals in animal feed. Among these, chelates have gained significant popularity due to their superior bioavailability, which allows for better absorption and utilization by animals.
As a result, the market for chelated organic trace minerals is projected to witness substantial growth in the coming years.In 2023, the market for chelated organic trace minerals was valued at approximately USD 1.2 billion and is expected to reach USD 1.8 billion by 2030, exhibiting a CAGR of 4.5%. This growth is attributed to the increasing demand for high-quality animal feed and the rising awareness of the benefits of organic trace minerals for animal health and productivity. Hydroxides and oxides are other commonly used sources of organic trace minerals in animal feed.
These sources are generally less expensive than chelates but may have lower bioavailability.Sulfates and carbonates are also used as sources of organic trace minerals, but their bioavailability can vary depending on the specific mineral and the animal species. The choice of source for organic trace minerals in animal feed depends on factors such as the specific mineral required, the desired bioavailability, and the cost-effectiveness. By understanding the different sources and their unique properties, manufacturers can optimize the formulation of animal feed to meet the specific nutritional requirements of different animal species and production systems.
Animal Feed Organic Trace Mineral Market Functions Insights
The Functions segment of the Animal Feed Organic Trace Mineral Market is anticipated to experience significant growth in the coming years, driven by the increasing demand for high-quality animal feed products. The use of organic trace minerals in animal feed has been shown to improve growth performance, enhance immune system function, support bone development, improve reproductive efficiency, and enhance meat quality. Growth Enhancement Organic trace minerals play a crucial role in the growth and development of animals.
They are involved in various metabolic processes, including protein synthesis, bone formation, and energy production.By providing essential trace minerals in their organic form, animals can absorb and utilize them more efficiently, leading to improved growth rates and overall health. Immune System Support Organic trace minerals are vital for maintaining a strong immune system in animals. They support the production of white blood cells and antibodies, which help fight off infections and diseases.
By providing adequate levels of organic trace minerals, animals can better resist disease challenges, reducing mortality rates and improving overall animal health.Bone Development Trace minerals, especially calcium and phosphorus, are essential for bone development and mineralization. Organic trace minerals are highly bioavailable and can be easily absorbed by animals, ensuring optimal bone growth and strength. This is particularly important for young animals, as proper bone development is crucial for their future health and productivity. Reproduction Organic trace minerals play a crucial role in reproductive performance in animals.
They are involved in hormone production, fertility, and embryonic development.By providing adequate levels of organic trace minerals, animals can experience improved reproductive efficiency, resulting in increased litter sizes and healthier offspring. Meat Quality Organic trace minerals have been shown to enhance meat quality in animals. They improve muscle development, reduce fat deposition, and enhance the overall flavor and nutritional value of meat products. The Functions segment is expected to contribute significantly to this growth, driven by the increasing awareness of the benefits of organic trace minerals in animal feed and the growing demand for high-quality animal products
Animal Feed Organic Trace Mineral Market Application Insights
Application Segment Overview The Animal Feed Organic Trace Mineral Market is segmented based on its application into Premixes, Feed Supplements, Water Additives, and Top Dressings. In 2023, the Premixes segment accounted for the largest share of the market, valued at around USD 1.2 billion. This growth is attributed to the increasing adoption of premixes in animal feed to ensure the optimum intake of trace minerals, which are essential for growth, reproduction, and overall animal health.
The Feed Supplements segment is expected to witness a significant growth rate of 4.8% CAGR over the forecast period, reaching a value of USD 1.6 billion by 2032.This growth can be attributed to the rising demand for trace mineral-fortified feed supplements to improve feed efficiency and animal performance. Water Additives and Top Dressings are also expected to contribute to the overall market growth, albeit with smaller market shares.
