The global Animal Feed Micronutrients Market was valued at $1.54 Billion in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $2.7 Billion.
Animal Feed Micronutrients is any substance in food that the body can use to obtain energy, synthesize tissue or regulate body processes. Micronutrients are vitamins & Trace minerals which are labeled as micronutrients. Micronutrients are vitamins, minerals, organic acids. Micronutrients play a central role in metabolism & in the maintenance of tissue functions but effects in preventing or treating diseases which are not due to micronutrient. micronutrients do not contain calories that give energy in contrast to macronutrient, but they are mainly comprised high volumes of anti-oxidant. These oxidants play a pivotal role in protecting the body against various diseases. Animal feed micronutrients main provide their body with the energy which is required by different organs to perform a variety of activities.
“Optimal Price Point (OPP) for Animal Feed Micronutrients”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Animal Feed Micronutrients materials are available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Animal Feed Micronutrients Market “by Product Categories”
We have segmented the Animal Feed Micronutrientsbased on product categories as Iron, Manganese, Zinc, Boron, Copper.
We have observed the significant growth of animal feed micronutrient by iron product. The micronutrients of animal play an important role in the metabolism of an animal which is expected to boost the market over the forecast period.
Animal Feed Micronutrients Market by “Application”
We have segmented the Animal Feed Micronutrients market based on Application are Ruminant, Poultry, Swine, Aqua, Equine.
We have observed the significant growth of animal feed micronutrients by poultry application which is expected to grow over the forecast period.
Asia Pacific accounted for the maximum revenue share of over xx% in 2017 due to increased demand of Animal feed micronutrients market followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
The key regions analyzed in the study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. In 2017, Asia Pacific held the largest share for Animal feed micronutrients market due to the demand for the application in Ruminant, Poultry, Swine, Aqua, Equine. The Asia Pacific is expected to have the highest growth due to China & this would be followed by Europe.
Rising demands for poultry, ruminant, swine, aqua & increase adoptions of pets in a household with the increasing populations generate a demand for Animal feed micronutrient. We are observing that an animal feed micronutrients are a good option as it can create a good impact on the animal food industries.
“Competitive Landscape “and “Merger & Acquisition Insights”
The key market participants include ADM, Nutreco N.V., Cargill Inc, Alltech Inc, Novus International Inc, Archer Daniels Midland Company, are few major players in Animal Feed Micronutrients market. The market of Animal Feed Micronutrients is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Animal Feed Micronutrients Market by product Categories (Revenue, Million, 2014 – 2025)
Animal Feed Micronutrients Market by Application (Revenue, Million, 2014 – 2025)
Animal Feed Micronutrients Market Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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