Global Feed Micronutrients Market from Global Insight Services is the single authoritative source of intelligence on Feed Micronutrients Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market.
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Feed micronutrients are essential nutrients that animals need in small amounts to survive and grow. These nutrients include vitamins, minerals, and amino acids. While animals can synthesize some of these nutrients themselves, others must be obtained through their diet.
Feed micronutrients are important for many different functions in the body, including metabolism, cell growth and repair, and nerve and muscle function. Without adequate amounts of these nutrients, animals can experience a variety of health problems. For example, vitamin A deficiency can lead to poor vision, while iron deficiency can cause anemia.
While all animals need feed micronutrients, the specific requirements vary depending on the species. For example, cats require more vitamin A than dogs, and pigs require more niacin than cattle. Furthermore, the amount of micronutrients needed also varies depending on the age and health of the animal. Animals typically get the feed micronutrients they need from their diet. However, in some cases, supplements may be necessary. For example, pregnant or lactating animals may need extra vitamins and minerals, and animals recovering from an illness may need additional nutrients to help them heal.
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Key Trends
There are a few key trends in feed micronutrients technology.
One is the use of micronutrients in premixes and blends. This allows for a more uniform distribution of nutrients in the feed, which can improve animal performance.
Another trend is the use of chelated micronutrients, which are easier for animals to absorb and use.
Finally, there is a trend toward using more natural sources of micronutrients, such as seaweed, instead of synthetic sources. This is driven by consumer demand for more natural and sustainable products.
Key Drivers
The key drivers of Feed Micronutrients market are:
1. Increasing demand for livestock products: The demand for livestock products such as meat, milk, and eggs is increasing globally, driven by population growth and the rise of middle-class consumers in developing countries. This is leading to increased demand for feed ingredients, including micronutrients.
2. Rising awareness of the importance of animal nutrition: There is a growing awareness of the importance of animal nutrition, both in terms of animal health and productivity. This is leading to increased demand for micronutrients as farmers seek to improve the nutritional quality of their animals’ diets.
3. Growing demand for organic and free-range livestock products: Consumers are becoming more concerned about the health and welfare of animals, as well as the environmental impact of livestock production. This is leading to increased demand for organic and free-range livestock products, which are often higher in quality and nutrition than conventional products.
4. Government regulations: Government regulations, such as those related to the use of antibiotics in livestock, are also driving the demand for micronutrients.
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Market Segments
The Feed Micronutrients Market is segmented into product type, livestock type, application, and region. By product type, the market is divided into trace minerals, vitamins, amino acids, and others. Based on the livestock type, the market is bifurcated into poultry, swine, ruminants, aquaculture, and others. Whereas for application, the market is segmented into animal feed and pet food. Region-Wise, the market is segmented by North America, Europe, Asia-Pacific, and the rest of the world.
Key Players
The Feed Micronutrients Market report includes players such as Cargill, Incorporated (US), BASF SE (Germany), Archer Daniels Midland Company (US), Nutreco N.V. (Netherlands), DSM Nutritional Products Ltd. (Switzerland), Zinpro Corporation (US), Kemin Industries, Inc. (US), Novus International, Inc. (US), Alltech, Inc. (US), Balchem Corporation (US), among others.
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