Market Size of Animal Feed Organic Trace Minerals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Animal Feed Organic Trace Minerals Market Analysis
The Global Animal Feed Organic Trace Minerals Market is estimated to grow at a significantly high CAGR of 8.5% in the forecast period 2020-2025. The rising awareness about the harmful impacts of the inorganic trace minerals containing heavy metal contaminants is likely to generate demand for organic alternatives. Although there is a high cost associated with these products, organic trace minerals are essential nutrients used in tiny quantities in animal feed. Additionally, the rising popularity of water-soluble natural feed-added substances, increasing meat consumption, and developing animal feed industries across the globe are some other factors responsible for the increased consumption of organic trace minerals in animal feed.
A global shift in food consumption patterns, favoring proteins from animal sources, is also playing a major role in the growth of the meat consumption sector globally, further stimulating the organic trace minerals market.
