Selbyville, DE -- (SBWire) -- 02/18/2019 --Feed micronutrients market will be growing exponentially in the ensuing years owing to the increase of meat and dairy consumption around the world and the presence of a strict regulatory structure concerning food additives conceived to control the quality of feed and animal protein. In spite of all the upheaval concerning the downsides of meat consumption and a significant portion of consumers embracing the vegan lifestyle, pea protein and lab-grown burgers have not been able to take over the meat and dairy market. In fact, the U.S. Department of Agriculture has indicated that meat consumption in U.S. will increase in 2018 with the typical consumer eating over 220 pounds of red meat and poultry per year.
Request a sample of this premium report at https://www.marketstudyreport.com/request-a-sample/496345/
Affordable feed prices will also help the U.S. production of livestock surpass 100 billion pounds, thus driving the feed micronutrients market as quality of the feed will receive increased emphasis with meat and dairy consumption. Global Feed Micronutrients Market size is estimated to exceed USD 2 billion by 2024; according to a new research report.
Changing consumer diet towards more nutritious food will drive meat demand hence completely impacting feed micronutrients market. Increasing spending on animal health maintenance owing to rising disease outbreak among livestock has positively influenced product demand.
Zinc will generate over USD 350 million in revenue by 2024. Improving immunity, stabilizing membranes, enhancing antioxidant enzyme and maintaining lymphocyte replication are the key properties driving the product demand. Copper will witness growth over 6% up to 2024. High product adoption due to benefits including high iron absorption potential, improving metabolism & skin color will drive feed micronutrient market growth.
Ruminants will generate over USD 500 million in revenue by 2024. Rising milk consumption globally will facilitate industry growth. For instance, annual milk consumption in developing countries was around 55 kg per capita in 2016 and expected to reach 66 kg by 2030.
Request a discount on standard prices of this premium report at https://www.marketstudyreport.com/check-for-discount/496345/
North America feed micronutrients market was valued over USD 365 million in 2016. Rising demand for nutrient rich meat to ensure healthy diet are the key factors positively influencing the product demand. Strong outlook for vitamins, ferments and emulsifiers in this region due to presence of livestock breeding centers will support the business growth.
Asia Pacific led by China feed micronutrients demand was over 80 kilotons in 2016. Increasing health awareness along with rising consumption of milk, curd, cheese & yogurt are the key factors driving growth.
Europe market will value over USD 585 million by 2024. Favorable government regulations pertaining to bio products will drive the product demand. Fodder industry expansion along with growth in livestock farming & breeding activities is expected to stimulate industry growth.
Global feed micronutrients market share is moderately fragmented due to presence of multinational as well as domestic manufacturers. Cargill, Aries Agro, Nutreco N.V., ADM, Agrium Advanced Technologies, Balchem Corp., Qualitech, Alltech, Kemin, Lallemand, Gawrihar Bio-Chem, Novus International and Zinpro Corporation are among the key industry players.
Table of Contents
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.1. Data sources
1.1.1. Secondary
1.1.2. Primary
Chapter 2. Executive Summary
2.1. Feed Micronutrients market 3600 synopsis, 2013 –2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Livestock trends
2.1.4. Regional trends
Chapter 3. Feed Micronutrients Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Distribution channel analysis
3.3.2. Profit margin trends
3.3.3. Vendor matrix
3.3.3.1 Role
3.3.3.2 Product portfolio
3.3.3.3 Global presence
3.4. Regulatory landscape
3.4.1. U.S.
3.4.2. Europe
3.4.3. China
3.5. Raw material analysis
3.6. Technology landscape
3.7. Pricing Analysis
3.7.1. Regional pricing
3.7.1.1. North America
3.7.1.2. Europe
3.7.1.3. Latin America
3.7.1.4. APAC
3.7.1.5. MEA
3.7.2. Cost structure analysis
3.8. Industry impact forces
3.8.1. Growth drivers
3.8.1.1 NA
3.8.1.2 EU
3.8.1.3 APAC
3.8.1.4 LATAM
3.8.1.5 MEA
Outside of scope of this report the world health organization reports that the livestock sector across the globe is growing at an unprecedented rate due to the surge in population, increasing urbanization and rising rate of disposable income. WHO predicts that annual meat production will surpass 376 million tons by 2030 as level of income creates a strong positive relationship with animal protein consumption. Since the livestock sector is expected to offer high-value protein, feed micronutrients industry is anticipated to register remarkable expansion as meat and dairy is also considered an important source of essential micronutrients, vitamins and minerals and the quality of the feed essentially determines the quality of nutrition provided by the meat.
More Report @ http://www.openpr.com/news/archive/144590/marketstudyreport-com.html
About Market Study Report
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Contact Us:
Market Study Report
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email:sales@marketstudyreport.com
Website:https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog/
Feed Micronutrients Market Detail Analysis Focusing on Key Players Cargill, Aries Agro, ADM, Agrium Advanced Technologies, Qualitech, Alltech, Kemin, Lallemand
Market Study Report recently introduced new title on “2017-2024 Global Feed Micronutrients Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.