Trace Minerals in Feed Market - Global Forecast to 2025

Table of Content

1 INTRODUCTION 27
1.1 OBJECTIVES OF THE STUDY 27
1.2 MARKET DEFINITION 27
1.3 STUDY SCOPE 27
FIGURE 1 TRACE MINERALS IN FEED: MARKET SEGMENTATION 28
FIGURE 2 REGIONAL SEGMENTATION 28
1.4 PERIODIZATION CONSIDERED 29
1.5 CURRENCY CONSIDERED 29
TABLE 1 USD EXCHANGE RATE, 2015–2019 30
1.6 UNITS 30
1.7 STAKEHOLDERS 30
1.8 INCLUSIONS & EXCLUSIONS 31
1.9 SUMMARY OF CHANGES 32

2 RESEARCH METHODOLOGY 33
2.1 RESEARCH DATA 33
FIGURE 3 RESEARCH DESIGN: TRACE MINERALS IN FEED MARKET 33
2.1.1 SECONDARY DATA 34
2.1.1.1 Key data from secondary sources 34
2.1.2 PRIMARY DATA 34
2.1.2.1 Key data from primary sources 35
2.1.2.2 Breakdown of primaries 35
2.2 MARKET SIZE ESTIMATION 36
2.2.1 BOTTOM-UP APPROACH 36
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 37
2.2.2 TOP-DOWN APPROACH 37
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 38
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 39
FIGURE 6 DATA TRIANGULATION METHODOLOGY 39
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 40
2.4.1 ASSUMPTIONS 40
2.4.2 LIMITATIONS OF THE STUDY 41

3 EXECUTIVE SUMMARY 42
FIGURE 7 GLOBAL TRACE MINERALS IN FEED MARKET, 2018–2025 (USD MILLION) 42
FIGURE 8 IRON TO HOLD THE LARGEST MARKET SHARE DUE TO ITS INCREASED IMPORTANCE IN REDUCING IMMUNE DEFICIENCIES AND OXIDATIVE STRESS 43
FIGURE 9 POULTRY ACCOUNTS FOR THE LARGEST SHARE DUE TO THE INCREASE IN DEMAND FOR ANIMAL PROTEIN IN HUMAN DIETS 43
FIGURE 10 DRY FORM OF TRACE MINERALS TO ACCOUNT FOR THE LARGEST SHARE DURING THE FORECAST PERIOD 44
FIGURE 11 AMINO ACIDS TO HOLD THE LARGEST SHARE DURING THE FORECAST PERIOD DUE TO THE EASE OF ABSORPTION 45
FIGURE 12 TRACE MINERALS IN FEED MARKET SNAPSHOT: ASIA PACIFIC ACCOUNTED FOR THE LARGEST SHARE, 2019 (USD MILLION) 46

4 PREMIUM INSIGHTS 47
4.1 OPPORTUNITIES IN THE TRACE MINERALS IN FEED MARKET 47
FIGURE 13 INCREASE IN DEMAND FOR COMPOUND FEED TO DRIVE THE MARKET GROWTH FOR TRACE MINERALS IN FEED 47
4.2 TRACE MINERALS IN FEED MARKET, BY TYPE 48
FIGURE 14 IRON HELD THE LARGEST SHARE IN THE TRACE MINERALS IN FEED MARKET IN 2019 48
4.3 ASIA PACIFIC: TRACE MINERALS IN FEED MARKET, BY LIVESTOCK AND KEY COUNTRIES 48
FIGURE 15 ASIA PACIFIC: CHINA IS ONE OF THE LARGEST MARKETS FOR TRACE MINERAL IN FEED 48
4.4 TRACE MINERALS IN FEED MARKET, BY FORM AND REGION 49
FIGURE 16 DRY FORM ACCOUNTED FOR THE LARGEST SHARE IN THE MARKET IN 2019 DUE TO ITS COST-EFFECTIVENESS AND EASE OF USAGE 49
4.5 TRACE MINERALS IN FEED MARKET, MAJOR REGIONAL SUBMARKETS 50
FIGURE 17 CHINA ACCOUNTED FOR THE LARGEST SHARE IN THE TRACE MINERALS IN FEED MARKET IN 2019 50

5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 MACROECONOMIC INDICATORS 51
5.2.1 INCREASING LIVESTOCK PRODUCTION 51
FIGURE 18 SHARE OF LIVESTOCK POPULATION, BY SPECIES, 2014 52
5.2.2 GROWING MEAT CONSUMPTION ACROSS THE GLOBE 52
FIGURE 19 MEAT PRODUCTION AND CONSUMPTION AT A GLOBAL SCALE,
2019 (THOUSAND TON) 53
5.3 MARKET DYNAMICS 54
FIGURE 20 INCREASE IN DEMAND FOR MEAT AND OTHER LIVESTOCK PRODUCTS TO DRIVE THE GROWTH OF THE TRACE MINERALS IN FEED MARKET 54
5.3.1 DRIVERS 55
5.3.1.1 Increase in the production of compound feed 55
FIGURE 21 COMPOUND FEED PRODUCTION, 2012–2017 (MILLION METRIC TON) 55
FIGURE 22 COMPOUND FEED PRODUCTION, BY COUNTRY, 2016–2018
(MILLION METRIC TON) 55
5.3.1.2 Increase in demand for animal protein in human diets 56
TABLE 2 PER CAPITA CONSUMPTION OF LIVESTOCK PRODUCTS 56
5.3.1.3 Increase in importance of animal nutrition in livestock production 57
TABLE 3 COMMON VITAMIN AND MINERAL DEFICIENCIES AMONG LIVESTOCK SPECIES 57
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5.3.2 RESTRAINTS 58
5.3.2.1 Stringent regulatory framework governing the permissible limits of certain minerals in feed products 58
5.3.3 OPPORTUNITIES 58
5.3.3.1 Increase in the bioavailability of trace minerals 58
5.3.3.2 Growing market for specialty feed ingredients 58
5.3.3.3 Shift toward natural growth promoters (NGPs) due to the increase in awareness pertaining to feed and food safety 59
5.3.4 CHALLENGES 59
5.3.4.1 High prices associated with trace minerals as an additive 59
5.4 VALUE CHAIN ANALYSIS 60
FIGURE 23 VALUE CHAIN ANALYSIS 60
5.5 PATENT ANALYSIS 61
FIGURE 24 NUMBER OF PATENTS GRANTED FOR TRACE MINERAL PRODUCTS,
2016–2020 61
FIGURE 25 REGIONAL ANALYSIS OF PATENTS GRANTED IN THE TRACE MINERALS IN FEED MARKET, 2016–2020 61
TABLE 4 LIST OF A FEW PATENTS IN THE TRACE MINERALS IN FEED MARKET,
2019–2020 62
5.6 TECHNOLOGY ANALYSIS 62
5.7 MARKET ECOSYSTEM 63
5.8 AVERAGE PRICE ANALYSIS 63
FIGURE 26 AVERAGE PRICE TREND FOR TRACE MINERALS IN FEED,
2015–2020 (USD/KG) 63
5.9 TRADE ANALYSIS 64
FIGURE 27 EXPORT OF KEY MINERAL ORES AND CONCENTRATES,
2015–2019 (USD MILLION) 64
5.10 YC–YCC SHIFTS IN THE TRACE MINERALS IN FEED MARKET 64
FIGURE 28 DEMAND FOR TRACE MINERALS TO IMPROVE THE METABOLISM IS THE
NEW HOT BET IN THE MARKET 64
5.11 REGULATORY FRAMEWORK 65
5.11.1 NORTH AMERICA 65
5.11.1.1 US 65
5.11.1.2 Canada 67
5.11.2 EUROPE 70
5.11.3 ASIA PACIFIC 71
5.11.3.1 China 71
5.11.3.2 Japan 73
5.11.4 REST OF THE WORLD 74
5.11.4.1 South Africa 74
5.12 COVID-19 IMPACT ON THE TRACE MINERALS IN FEED MARKET 77
5.13 CASE STUDY ANALYSIS 77
5.13.1 SAMPLE: SPECIALTY FEED ADDITIVES MARKET – GLOBAL FORECAST TO 2025 77
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6 TRACE MINERALS IN FEED, BY TYPE 78
6.1 INTRODUCTION 79
FIGURE 29 TRACE MINERALS MARKET SIZE, BY TYPE, 2020 VS. 2025 (USD MILLION) 79
TABLE 5 GLOBAL TRACE MINERALS IN FEED MARKET SIZE, BY TYPE,
2018–2025 (USD MILLION) 79
TABLE 6 GLOBAL TRACE MINERALS IN FEED MARKET SIZE, BY TYPE,
2018–2025 (TON) 80
6.2 IRON 80
6.2.1 INCREASE IN ACCEPTANCE FROM REGULATORY BODIES FOR USE AS A FEED ADDITIVE DRIVES THE DEMAND FOR IRON AS A TRACE MINERAL 80
TABLE 7 IRON TRACE MINERALS IN FEED MARKET SIZE, BY REGION,
2018–2025 (USD THOUSAND) 81
TABLE 8 IRON TRACE MINERALS IN FEED MARKET SIZE, BY REGION,
2018–2025 (TON) 81
6.3 ZINC 81
6.3.1 NEED FOR IMPROVING REPRODUCTIVE HEALTH AMONG SWINE AND CATTLE IS DRIVING THE DEMAND FOR ZINC 81
TABLE 9 ZINC TRACE MINERALS IN FEED MARKET SIZE, BY REGION,
2018–2025 (USD THOUSAND) 82
TABLE 10 ZINC TRACE MINERALS IN FEED MARKET SIZE, BY REGION,
2018–2025 (TON) 82
6.4 COPPER 83
6.4.1 HIGH DEMAND FOR IMPROVED SHELF LIFE OF FEED PRODUCTS TO DRIVE THE GROWTH OF THE MARKET FOR NEWER COMPOUNDS OF COPPER 83
TABLE 11 COPPER TRACE MINERALS IN FEED MARKET SIZE, BY REGION,
2018–2025 (USD THOUSAND) 83
TABLE 12 COPPER TRACE MINERALS IN FEED MARKET SIZE, BY REGION,
2018–2025 (TON) 83
6.5 MANGANESE 84
6.5.1 COST-EFFECTIVENESS OF MANGANESE TO DRIVE ITS MARKET GROWTH DURING THE FORECAST PERIOD 84
TABLE 13 MANGANESE TRACE MINERALS IN FEED MARKET SIZE, BY REGION,
2018–2025 (USD THOUSAND) 84
TABLE 14 MANGANESE TRACE MINERALS IN FEED MARKET SIZE, BY REGION,
2018–2025 (TON) 84
6.6 COBALT 85
6.6.1 HIGH DEMAND FOR INCREASING NUTRITION IN CATTLE FEED TO DRIVE THE GROWTH OF THE COBALT MARKET 85
TABLE 15 COBALT TRACE MINERALS IN FEED MARKET SIZE, BY REGION,
2018–2025 (USD THOUSAND) 85
TABLE 16 COBALT TRACE MINERALS IN FEED MARKET SIZE, BY REGION,
2018–2025 (TON) 85
6.7 CHROMIUM 86
6.7.1 BENEFITS OF CHROMIUM TO IMPROVE MILK PRODUCTION AND INSULIN RESISTANCE INCREASING ITS DEMAND IN THE MARKET 86
TABLE 17 CHROMIUM TRACE MINERALS IN FEED MARKET SIZE, BY REGION,
2018–2025 (USD THOUSAND) 86
TABLE 18 CHROMIUM TRACE MINERALS IN FEED MARKET SIZE, BY REGION,
2018–2025 (TON) 86
6.8 OTHER TYPES 87
6.8.1 HIGH BIO-EFFICACY OF ORGANIC SELENIUM HAS LED TO AN INCREASE IN ADOPTION AMONG LIVESTOCK SPECIES 87
TABLE 19 OTHER TRACE MINERALS IN FEED MARKET SIZE, BY REGION,
2018–2025 (USD THOUSAND) 87
TABLE 20 OTHER TRACE MINERALS IN FEED MARKET SIZE, BY REGION,
2018–2025 (TON) 88
7 TRACE MINERALS IN FEED MARKET, BY LIVESTOCK 89
7.1 INTRODUCTION 90
FIGURE 30 TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2020 VS. 2025 90
TABLE 21 GLOBAL TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (USD MILLION) 91
TABLE 22 GLOBAL TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (TON) 91
7.2 POULTRY 92
7.2.1 TRACE MINERALS PLAY AN IMPORTANT ROLE TO IMPROVE THE IMMUNITY OF POULTRY ANIMALS 92
TABLE 23 TRACE MINERALS IN FEED MARKET SIZE FOR POULTRY, BY REGION,
2018–2025 (USD MILLION) 92
TABLE 24 TRACE MINERALS IN FEED MARKET SIZE FOR POULTRY, BY REGION,
2018–2025 (TON) 92
TABLE 25 TRACE MINERALS IN FEED MARKET SIZE FOR POULTRY, BY TYPE,
2018–2025 (USD THOUSAND) 93
TABLE 26 TRACE MINERALS IN FEED MARKET SIZE FOR POULTRY, BY TYPE,
2018–2025 (TON) 93
7.3 RUMINANT 94
7.3.1 INCREASE IN CONSUMPTION OF PROCESSED DAIRY PRODUCTS HAS LED TO A HIGH DEMAND FOR TRACE MINERALS TO IMPROVE PRODUCTIVITY AMONG DAIRY COWS 94
TABLE 27 TRACE MINERALS IN FEED MARKET SIZE FOR RUMINANT, BY REGION,
2018–2025 (USD MILLION) 94
TABLE 28 TRACE MINERALS IN FEED MARKET SIZE FOR RUMINANT, BY REGION,
2018–2025 (TON) 95
TABLE 29 TRACE MINERALS IN FEED MARKET SIZE FOR RUMINANT, BY TYPE,
2018–2025 (USD THOUSAND) 95
TABLE 30 TRACE MINERALS IN FEED MARKET SIZE FOR RUMINANT, BY TYPE,
2018–2025 (TON) 96
7.4 SWINE 96
7.4.1 INCREASE IN CONSUMPTION OF PORK HAS LED TO A RISE IN DEMAND FOR TRACE MINERALS THAT ENHANCE THE MEAT QUALITY 96
TABLE 31 TRACE MINERALS IN FEED MARKET SIZE FOR SWINE, BY REGION,
2018–2025 (USD MILLION) 97
TABLE 32 TRACE MINERALS IN FEED MARKET SIZE FOR SWINE, BY REGION,
2018–2025 (TON) 97
TABLE 33 TRACE MINERALS IN FEED MARKET SIZE FOR SWINE, BY TYPE,
2018–2025 (USD THOUSAND) 98
TABLE 34 TRACE MINERALS IN FEED MARKET SIZE FOR SWINE, BY TYPE,
2018–2025 (TON) 98
7.5 AQUACULTURE 99
7.5.1 AS FRESHWATER OR SEAWATER IS UNABLE TO PROVIDE AQUATIC ANIMALS WITH ADEQUATE TRACE MINERALS, EXTERNAL SUPPLEMENTATION HAS BEEN INCREASED 99
TABLE 35 TRACE MINERALS IN FEED MARKET SIZE FOR AQUACULTURE, BY REGION, 2018–2025 (USD MILLION) 99
TABLE 36 TRACE MINERALS IN FEED MARKET SIZE FOR AQUACULTURE, BY REGION, 2018–2025 (TON) 100
TABLE 37 TRACE MINERALS IN FEED MARKET SIZE FOR AQUACULTURE, BY TYPE, 2018–2025 (USD THOUSAND) 100
TABLE 38 TRACE MINERALS IN FEED MARKET SIZE FOR AQUACULTURE, BY TYPE, 2018–2025 (TON) 101
7.6 OTHER LIVESTOCK 101
7.6.1 EQUINE AND PET ANIMALS ARE SUPPLEMENTED WITH TRACE MINERALS TO IMPROVE THEIR HEALTH AND OVERALL WELL-BEING 101
TABLE 39 TRACE MINERALS IN FEED MARKET SIZE FOR OTHER LIVESTOCK, BY REGION, 2018–2025 (USD MILLION) 102
TABLE 40 TRACE MINERALS IN FEED MARKET SIZE FOR OTHER LIVESTOCK, BY REGION, 2018–2025 (TON) 102
TABLE 41 TRACE MINERALS IN FEED MARKET SIZE FOR OTHER LIVESTOCK, BY TYPE, 2018–2025 (USD THOUSAND) 103
TABLE 42 TRACE MINERALS IN FEED MARKET SIZE FOR OTHER LIVESTOCK, BY TYPE, 2018–2025 (TON) 103

8 TRACE MINERALS IN FEED MARKET, BY CHELATE TYPE 104
8.1 INTRODUCTION 105
FIGURE 31 TRACE MINERALS IN FEED MARKET SHARE (VALUE), BY CHELATE TYPE,
2020 VS. 2025 105
TABLE 43 GLOBAL TRACE MINERALS IN FEED MARKET SIZE, BY CHELATE TYPE,
2018–2025 (USD MILLION) 105
8.2 AMINO ACIDS 106
8.2.1 MOST TRACE MINERAL MANUFACTURERS PROVIDE AMINO ACID CHELATES AS THEY ARE EASILY ABSORBED BY THE BODY OF ANIMALS 106
TABLE 44 TRACE MINERALS IN FEED MARKET SIZE IN AMINO ACIDS, BY REGION, 2018–2025 (USD MILLION) 106
8.3 PROTEINATES 107
8.3.1 AS PROTEINATES PRODUCE LESS HARSH METAL WASTE, ITS ADOPTION IS INCREASING GRADUALLY 107
TABLE 45 TRACE MINERALS IN FEED MARKET SIZE IN PROTEINATES, BY REGION, 2018–2025 (USD MILLION) 107
8.4 POLYSACCHARIDES 108
8.4.1 PROPER MINERAL ABSORPTION AND ENERGY STORAGE IN ANIMAL BODY HAVE LED TO THE INCREASE IN USE OF POLYSACCHARIDE CHELATES
IN FEED PRODUCTS 108
TABLE 46 TRACE MINERALS IN FEED MARKET SIZE IN POLYSACCHARIDES,
BY REGION, 2018–2025 (USD MILLION) 108
8.5 OTHER CHELATE TYPES 109
8.5.1 HIGH SOLUBILITY OF PROTEINATES AND VARIOUS HEALTH BENEFITS
OF PEPTIDES TO DRIVE THEIR DEMAND 109
TABLE 47 TRACE MINERALS IN FEED MARKET SIZE IN OTHER CHELATE TYPES,
BY REGION, 2018–2025 (USD MILLION) 109

9 TRACE MINERALS IN FEED MARKET, BY FORM 110
9.1 INTRODUCTION 111
FIGURE 32 TRACE MINERALS IN FEED MARKET SIZE, BY FORM, 2020 VS. 2025 111
TABLE 48 GLOBAL TRACE MINERALS IN FEED MARKET SIZE, BY FORM,
2018–2025 (USD MILLION) 111
9.2 DRY 112
9.2.1 COST-EFFECTIVENESS OF DRY TRACE MINERALS TO DRIVE THE MARKET GROWTH 112
TABLE 49 DRY TRACE MINERALS IN FEED MARKET SIZE, BY REGION,
(USD MILLION) 2018–2025 112
9.3 LIQUID 113
9.3.1 LIQUID TRACE MINERALS TO WITNESS HIGH DEMAND AS THEY CAN BE DIRECTLY INJECTED IN ANIMALS AND ARE CONSIDERED MORE EFFECTIVE ON THEIR HEALTH 113
TABLE 50 LIQUID TRACE MINERALS IN FEED MARKET SIZE, BY REGION,
(USD MILLION) 2018–2025 113

10 TRACE MINERALS IN FEED MARKET, BY REGION 114
10.1 INTRODUCTION 115
FIGURE 33 CATTLE STOCK IN SELECTED COUNTRIES, 2019 VS 2020, (1000 HEADS) 115
FIGURE 34 ITALY TO GROW AT THE HIGHEST CAGR IN THE TRACE MINERALS IN FEED MARKET DURING THE FORECAST PERIOD 116
TABLE 51 GLOBAL TRACE MINERALS IN FEED MARKET SIZE, BY REGION,
2018–2025 (USD MILLION) 116
TABLE 52 GLOBAL TRACE MINERALS IN FEED MARKET SIZE, BY REGION,
2018–2025 (TON) 117
10.2 NORTH AMERICA 117
FIGURE 35 THE US DOMINATED THE NORTH AMERICAN TRACE MINERALS IN FEED MARKET IN 2019 118
TABLE 53 NORTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION) 119
TABLE 54 NORTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018–2025 (USD MILLION) 119
TABLE 55 NORTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE , BY LIVESTOCK, 2018–2025 (TON) 120
TABLE 56 NORTH AMERICA: TRACE MINERALS IN FEED MARKET, BY TYPE,
2018–2025 (USD THOUSAND) 120
TABLE 57 NORTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE , BY TYPE,
2018–2025 (TON) 121
TABLE 58 NORTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE, BY FORM,
2018–2025 (USD MILLION) 121
TABLE 59 NORTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE, BY CHELATE TYPE, 2018–2025 (USD MILLION) 122
10.2.1 US 122
10.2.1.1 Expansion of the beef, pork, and dairy industries has led to a rise in the use of health-enriching feed additives, driving the growth of the trace minerals in feed market in the US 122
FIGURE 36 PET FOOD FED TO ANIMALS IN THE US IN 2016 (MILLION TON) 123
FIGURE 37 COW MILK PRODUCTION IN THE US (1000 MT) 123
TABLE 60 US: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (USD MILLION) 124
10.2.2 CANADA 124
10.2.2.1 The well-established pork meat food processing industry drives the growth of the trace minerals in feed market for swine 124
FIGURE 38 SWINE PRODUCTION IN CANADA (1000 HEADS) 125
TABLE 61 CANADA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (USD MILLION) 125
10.2.3 MEXICO 126
10.2.3.1 Increase in production and development of the egg sector has created a high demand for quality feed to improve poultry performance 126
FIGURE 39 EGG PRODUCTION IN MEXICO (1000 MT) 126
TABLE 62 MEXICO: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (USD MILLION) 126
10.3 EUROPE 127
FIGURE 40 EUROPE: TRACE MINERALS IN FEED MARKET SNAPSHOT 128
TABLE 63 EUROPE: TRACE MINERALS IN FEED MARKET SIZE, BY COUNTRY,
2018–2025 (USD MILLION) 129
TABLE 64 EUROPE: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (USD MILLION) 129
TABLE 65 EUROPE: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (TON) 130
TABLE 66 EUROPE: TRACE MINERALS IN FEED MARKET, BY TYPE,
2018–2025 (USD THOUSAND) 130
TABLE 67 EUROPE: TRACE MINERALS IN FEED MARKET, BY TYPE, 2018–2025 (TON) 131
TABLE 68 EUROPE: TRACE MINERALS IN FEED MARKET SIZE, BY FORM,
2018–2025 (USD MILLION) 131
TABLE 69 EUROPE: TRACE MINERALS IN FEED MARKET, BY CHELATE TYPE,
2018–2025 (USD MILLION) 132
10.3.1 FRANCE 132
10.3.1.1 Domestic consumption of meat products plays a key role in driving the demand for feed additives and trace minerals in the market 132
TABLE 70 FRANCE: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (USD MILLION) 133
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10.3.2 GERMANY 133
10.3.2.1 High preference for animal-sourced products, including meat products and milk, has led to a consistent quality supply of feed, driving the demand for trace minerals 133
TABLE 71 GERMANY: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (USD MILLION) 134
10.3.3 ITALY 134
10.3.3.1 Increase in consumption of white meat and poultry rearing to drive the growth of the trace minerals in the feed market in Italy 134
TABLE 72 ITALY: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (USD MILLION) 135
10.3.4 SPAIN 135
10.3.4.1 Increase in production of poultry meat and demand for the organic chicken to widen the application of trace minerals in the feed nutrition industry 135
TABLE 73 SPAIN: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (USD MILLION) 136
10.3.5 UK 136
10.3.5.1 Increase in consumption of ruminants and swine-sourced meat among consumers in the UK drives the growth of the trace minerals in feed market 136
TABLE 74 UK: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (USD MILLION) 137
10.3.6 RUSSIA 137
10.3.6.1 Increase in export of meat products to encourage the demand for nutritional feed in Russia 137
FIGURE 41 RUSSIA: MEAT EXPORT 2018–2019 (TON) 138
TABLE 75 RUSSIA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (USD MILLION) 138
10.3.7 REST OF EUROPE 139
TABLE 76 REST OF EUROPE: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018–2025 (USD MILLION) 139
10.4 ASIA PACIFIC 140
FIGURE 42 ASIA PACIFIC: TRACE MINERALS IN FEED MARKET SNAPSHOT 141
TABLE 77 ASIA PACIFIC: TRACE MINERALS IN FEED MARKET SIZE, BY COUNTRY,
2018–2025 (USD MILLION) 142
TABLE 78 ASIA PACIFIC: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018–2025 (USD MILLION) 142
TABLE 79 ASIA PACIFIC: TRACE MINERALS FOR FEED MARKET SIZE, BY LIVESTOCK, 2018–2025 (TON) 143
TABLE 80 ASIA PACIFIC: TRACE MINERALS IN FEED MARKET SIZE, BY TYPE,
2018–2025 (USD THOUSAND) 143
TABLE 81 ASIA PACIFIC: TRACE MINERALS IN FEED MARKET SIZE, BY TYPE,
2018–2025 (TON) 144
TABLE 82 ASIA PACIFIC: TRACE MINERALS IN FEED MARKET SIZE, BY FORM,
2018–2025 (USD MILLION) 144
TABLE 83 ASIA PACIFIC: TRACE MINERALS IN FEED MARKET SIZE, BY CHELATE TYPE, 2018–2025 (USD MILLION) 145
10.4.1 CHINA 145
10.4.1.1 Growing demand for poultry products such as white meat and eggs to drive the market for trace minerals to improve productivity of feed 145
TABLE 84 CHINA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (USD MILLION) 145
10.4.2 INDIA 146
10.4.2.1 Demand for poultry in the country remains high as consumers are becoming health-conscious and chicken is a convenient source of protein 146
TABLE 85 INDIA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (USD MILLION) 147
10.4.3 JAPAN 147
10.4.3.1 China’s consumption of livestock has witnessed a shift from seafood to poultry, which is witnessing a high demand 147
TABLE 86 JAPAN: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (USD MILLION) 148
10.4.4 THAILAND 148
10.4.4.1 Large-scale production of mineral-based aquafeed for marine animals drives the market growth in Thailand 148
TABLE 87 THAILAND: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (USD MILLION) 149
10.4.5 SOUTH KOREA 149
10.4.5.1 With the lack of resources for producing feed in the country, feed import has become a major concern in South Korea 149
TABLE 88 SOUTH KOREA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018–2025 (USD MILLION) 150
10.4.6 INDONESIA 150
10.4.6.1 Demand for mineral additives in poultry and aquaculture to drive the growth of the market 150
TABLE 89 INDONESIA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (USD THOUSAND) 151
10.4.7 REST OF ASIA PACIFIC 151
10.4.7.1 Rest of Asia Pacific comprises countries such as the Philippines and Australia that increase the market size of the region 151
TABLE 90 REST OF ASIA PACIFIC: TRACE MINERALS IN FEED MARKET SIZE,
BY LIVESTOCK, 2018–2025 (USD MILLION) 152
10.5 SOUTH AMERICA 152
TABLE 91 SOUTH AMERICA: TRACE MINERALS IN FEED MARKET, BY COUNTRY,
2018–2025 (USD MILLION) 152
TABLE 92 SOUTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018–2025 (USD MILLION) 153
TABLE 93 SOUTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE , BY LIVESTOCK, 2018–2025 (TON) 153
TABLE 94 SOUTH AMERICA: TRACE MINERALS IN FEED MARKET, BY TYPE,
2018–2025 (USD THOUSAND) 154
TABLE 95 SOUTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE , BY TYPE,
2018–2025 (TON) 154
TABLE 96 SOUTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE, BY FORM,
2018–2025 (USD MILLION) 155
TABLE 97 SOUTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE, BY CHELATE TYPE, 2018–2025 (USD MILLION) 155
10.5.1 BRAZIL 155
10.5.1.1 Increase in export of beef to drive the growth of the trace minerals in feed market in Brazil 155
FIGURE 43 BEEF PRODUCTION IN BRAZIL, 2018-2020 (1000 MT) 156
FIGURE 44 BRAZIL CONSUMER MEAT PREFERENCE, 2018 156
TABLE 98 BRAZIL: TRACE MINERAL IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (USD MILLION) 157
10.5.2 ARGENTINA 157
10.5.2.1 Increase in focus on developing high-quality chicken meat products to drive the demand for trace minerals in feed products to improve animal health 157
FIGURE 45 HUMAN CHICKEN MEAT CONSUMPTION, 2018–2020 (1000 MT) 158
TABLE 99 ARGENTINA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (USD THOUSAND) 158
10.5.3 REST OF SOUTH AMERICA 159
10.5.3.1 Increase in consumption of processed meat and dairy products to drive the demand for trace minerals 159
TABLE 100 REST OF SOUTH AMERICA: TRACE MINERALS IN FEED MARKET SIZE,
BY LIVESTOCK, 2018–2025 (USD THOUSAND) 159
10.6 ROW 159
TABLE 101 ROW: TRACE MINERALS IN FEED MARKET SIZE, BY COUNTRY,
2018–2025 (USD MILLION) 160
TABLE 102 ROW: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (USD MILLION) 160
TABLE 103 ROW: TRACE MINERALS IN FEED MARKET SIZE , BY LIVESTOCK,
2018–2025 (TON) 160
TABLE 104 ROW: TRACE MINERALS IN FEED MARKET, BY TYPE, 2018–2025 (USD THOUSAND) 161
TABLE 105 ROW: TRACE MINERALS IN FEED MARKET SIZE , BY TYPE, 2018–2025 (TON) 161
TABLE 106 ROW: TRACE MINERALS IN FEED MARKET SIZE, BY FORM,
2018–2025 (USD MILLION) 162
TABLE 107 ROW: TRACE MINERALS IN FEED MARKET SIZE, BY CHELATE TYPE,
2018–2025 (USD MILLION) 162
10.6.1 MIDDLE EAST 162
10.6.1.1 Growing demand for chicken meat products to drive the growth of the trace minerals in feed market 162
FIGURE 46 CHICKEN MEAT PRODUCTION IN SAUDI ARABIA, 2018–2021 (MT) 163
TABLE 108 MIDDLE EAST: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK, 2018–2025 (USD MILLION) 163
10.6.2 AFRICA 164
10.6.2.1 High consumption of pork and beef in Africa has led to an increase in their production, which, in turn, is projected to drive the growth of the trace minerals in feed market 164
FIGURE 47 THE PER CAPITA CONSUMPTION OF MEAT IN SOUTH AFRICA,
2018 (KG/ANNUM) 164
TABLE 109 AFRICA: TRACE MINERALS IN FEED MARKET SIZE, BY LIVESTOCK,
2018–2025 (USD THOUSAND) 165

11 COMPETITIVE LANDSCAPE 166
11.1 OVERVIEW 166
FIGURE 48 MARKET EVALUATION FRAMEWORK 167
11.2 RANKINGS OF KEY PLAYERS 168
FIGURE 49 CARGILL, INCORPORATED DOMINATED THE TRACE MINERALS
IN FEED MARKET IN 2019 168
11.3 MARKET SHARE ANALYSIS 169
11.4 COMPETITIVE SCENARIO 170
FIGURE 50 KEY DEVELOPMENTS IN THE TRACE MINERALS FOR FEED MARKET
(2018?2020) 170
11.4.1 NEW PRODUCT LAUNCHES 171
TABLE 110 NEW PRODUCT LAUNCHES, 2018-2020 171
11.4.2 EXPANSIONS & INVESTMENTS 171
TABLE 111 EXPANSIONS & INVESTMENTS, 2018-2020 171
11.4.3 ACQUISITIONS 172
TABLE 112 ACQUISITIONS, 2018-2020 172
11.4.4 PARTNERSHIPS, MERGERS, AND COLLABORATIONS 173
TABLE 113 PARTNERSHIPS, MERGERS, AND COLLABORATIONS, 2018-2019 173
12 COMPANY PROFILES 174
12.1 OVERVIEW 174
12.2 COMPANY EVALUATION MATRIX DEFINITIONS AND METHODOLOGY 174
12.2.1 STAR 174
12.2.2 EMERGING LEADERS 174
12.2.3 PERVASIVE 174
12.2.4 PARTICIPANT 175
FIGURE 51 TRACE MINERALS IN FEED COMPANY EVALUATION QUADRANT, 2019 175
12.3 COMPANY PROFILES 176
(Business overview, Products offered, Recent Developments, SWOT analysis, Right to win)*
12.3.1 CARGILL, INCORPORATED 176
FIGURE 52 CARGILL, INCORPORATED: COMPANY SNAPSHOT 176
12.3.2 ARCHER DANIELS MIDLAND COMPANY 180
FIGURE 53 ARCHER DANIELS MIDLAND COMPANY: COMPANY SNAPSHOT 180
12.3.3 BASF SE 184
FIGURE 54 BASF SE : COMPANY SNAPSHOT 184
12.3.4 BLUESTAR ADISSEO CO., LTD 187
FIGURE 55 BLUESTAR ADISSEO CO., LTD. : COMPANY SNAPSHOT 187
12.3.5 KONINKLIJKE DSM N.V. 190
FIGURE 56 KONINKLIJKE DSM N.V. : COMPANY SNAPSHOT 190
12.3.6 NUTRECON.V 193
12.3.7 ALLTECH 195
12.3.8 ZINPRO CORPORATION 197
12.3.9 ORFFA 200
12.3.10 NOVUS INTERNATIONAL 201
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, Right to win might not be captured in case of unlisted companies.
12.4 START-UPS/SME’S EVALUATION MATRIX, 2019 203
12.4.1 PROGRESSIVE COMPANIES 203
12.4.2 STARTING BLOCKS 203
12.4.3 RESPONSIVE COMPANIES 203
12.4.4 DYNAMIC COMPANIES 203
FIGURE 57 TRACE MINERALS IN FEED MARKET COMPANY EVALUATION QUADRANT (FOR START-UPS/SME’S), 2019 204
(Business overview, Products offered, Recent Developments, SWOT analysis, Right to win)*
12.4.5 KEMIN INDUSTRIES, INC. 205
12.4.6 LALLEMAND, INC. 207
12.4.7 VIRBAC 208
FIGURE 58 VIRBAC: COMPANY SNAPSHOT 208
12.4.8 GLOBAL ANIMAL PRODUCTS 210
12.4.9 DR. PAUL LOHMANN GMBH & CO. KGAA 212
12.4.10 BIOCHEM ZUSATZSTOFFE 213
12.4.11 VETERINARY PROFESSIONAL SERVICES LTD 216
12.4.12 CHEMLOCK NUTRITION CORPORATION 217
12.4.13 DR. ECKEL ANIMAL NUTRITION GMBH & CO.KG 219
12.4.14 VETLINE 220
12.4.15 GREEN MOUNTAIN NUTRITIONAL SERVICES INC. 222
12.4.16 BIORIGIN 224
12.4.17 TANKE 225
12.4.18 JH BIOTECH, INC. 228
12.4.19 QUALITECH, INC. 230
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, Right to win might not be captured in case of unlisted companies.

13 APPENDIX 231
13.1 DISCUSSION GUIDE 231
13.3 AVAILABLE CUSTOMIZATIONS 238
13.4 RELATED REPORTS 239
13.5 AUTHOR DETAILS 240