Business Market Analysis Market Research

Animal Feed Micronutrients Market Business Opportunities, Segment Analysis, Top Companies Nutreco NV, Archer Daniels Midland Company, Lallemand Inc., Alltech, QualiTech

Micronutrients are one of the important groups of nutritional supplements which includes vitamins, iron, zinc, minerals etc. These are an essential building blocks of a high-quality diet and have a profound impact on human as well as animal health. These chemicals play a crucial role in preventing and fighting chronic disease conditions. Minerals and vitamins are two primary types of micronutrients which can be broadly categorized into fat-soluble vitamins, water-soluble vitamins, trace minerals and macro-minerals.

Animal feed micronutrients, as opposed to normal macronutrients are playing an important role in livestock production. Mineral supplementation in livestock enhances growth, improves health, productive and reproductive performances. In animals, it requires in diet for overall health improvement or production of milk, eggs and meat. Also, the importance of micronutrient is well defined by the fact that its deficiency in diet can considerably reduce the animal productivity. An animal, deficient in particular nutrition is likely to show deficiency in physical symptoms which can be clinical or sub-clinical. However, growing concern regarding the ethical treatment of animals hamper the industry growth to some extent. In addition, high price for vitamin products could be a hurdle for the industry growth.

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MARKET, BY NUTRIENT TYPE

Vitamins, MineralsCopper, Zinc, Iron, Manganese, Blends, Others

In terms of nutrient types, the market is primarily divided into vitamins and minerals. Mineral segment is sub-divided as Copper, Zinc, Iron, Manganese, Blends and others. Zinc, Iron, Copper, Manganese, Molybdenum, Selenium and Cobalt are among the most important elements required for veterinary health. These elements play a major physiological role to improve animal life. For example, deficiency of Zinc and Manganese can lead to abnormality in enzyme function in animals which may lead weak bones, joints disorder or immune function disorder. In order to treat micronutrient deficiency in animals, it is advised to treat herbage or fodder with micronutrient through foliar spray.

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MARKET, BY ANIMAL TYPE

Ruminants, Poultry, Aquaculture, Swine, Companion Animals,

Depending upon types, the industry is categorized as ruminants, poultry, aquaculture, swine and companion animals. In terms of market volume, the ruminants accounted for the highest share over the other segments, but with a slim margin in the animal feed micronutrients industry. On the other side, aquaculture captured small share of the overall market but growing with promising growth rate over the study period.

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KEY BENEFITS OF THE REPORT

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