Market Share of Animal Feed Trace Minerals Industry
The global animal feed trace elements market is fragmented and is dominated by several small and medium regional, and local companies. The leading international companies in this market include Alltech, Archer Daniels Midland Company, Cargill, Kemin Industries, and Novus International. The companies are increasingly expanding their market presence and getting involved in mergers and acquisitions to stay relevant and grow in the global market. For example, Kemin Industries opened an innovation and technology center in China making an investment of USD 14.2 million in 2019. In 2018, the company had also acquired Canadian company and its long-time distributor Agri-Marketing Corp. Agri-Marketing, to expand its presence in the country.
Animal Feed Trace Minerals Market Leaders
Altech
Archer Daniels Midland Company
Cargill, Incorporated
Kemin Industries, Inc.
NOVUS INTERNATIONAL
*Disclaimer: Major Players sorted in no particular order
