Sellbyville, DE -- (SBWIRE) -- 02/19/2019 -- The yesteryear acquisition of Micronutrients by Nutreco is a prime example of the massive growth in global Animal feed organic trace minerals market. Nutreco N.V., a renowned Netherlands-based company dealing in processed meat and animal nutrition, had acquired Micronutrients, a global leader dealing in hydroxy-based trace minerals. The talks of Nutreco acquiring Micronutrients had been in the talkfest since the beginning of December 2015, and the deal materialized in January 2016. With this agreement, Nutreca stands at a stronger position to address the changing trends in animal feed organic trace minerals industry by delivering sustainable nutritional solutions equipped with advanced technical know-how, to its consumers. Simultaneously, Micronutrients, now a stronger player in animal feed organic trace minerals market, will have access to Nutreca's strong R&D division, in addition to providing the latter unrestrained access to its numerous hydroxy trace mineral products to manufacture enhanced animals feed. Such acquisitions are commonplace in the competitive scenario of animal feed organic trace minerals market, which is slated to cross a valuation of USD 845 million, growing at a CAGR of 6.5% over 2017-2024.

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Speaking along similar lines, worldwide animal feed organic trace minerals industry encompasses a host of other companies excluding Nutreco and Micronutrients, such as Biochem, QualiTech Corp., Kemin Industries, Vamso Biotec, Tanke Biosciences Corp., Selko, Ridley, Royal DSM, ADM, Novus International, Zinpro Corp., and Pancosma. The business space seems to be pretty much competitive in nature and includes the participation of numerous domestic players as well, apart from major corporations. Prolonged efforts by these companies are likely to contribute toward the expansion of global animal feed organic trace minerals market.

In recent years, global food animal production has expanded extensively, to fulfill the food requirements of the ever-growing population. Accordingly, the requirement of trace minerals incorporated in animal feed has also increased, leading to the growth of animal feed organic trace minerals industry across myriad geographies.

As per estimates from the Food & Agriculture Organization of the United States, global meat production stood at +300 million tons in 2015, and is anticipated to experience a growth of more than 1.5% over the coming years. The world population currently consumes around 75 pounds of meat per person, on an annual basis. The population in the developed nations consumes around 80 kg of meat per person, while people in the emerging nations consume around 32 kg of meat per person, annually. Subject to this fact, the massive proportion of meat production across the developing countries such as India, South Asia, Australia, and China, will certainly propel APAC animal feed organic trace minerals market to great heights.

Another lucrative region contributing toward the overall growth of the animal feed organic trace minerals market is Europe. The region consumes pork, dairy products, and ruminant meat on a large scale. In fact, ruminants accounted for more than 35% of the overall Europe animal feed organic trace minerals industry in 2015, owing to the rising consumption of red meat and milk products subject to the massive benefits such as reproductive efficiency and enhanced milk quality. Pertaining to similar drivers, the overall animal feed organic trace minerals market from ruminants is slated to cross USD 300 million by 2024.

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Iron is one such mineral that helps to enhance the digestion capabilities of ruminants subject to the fact that it is the vital oxygen carrier in the body. In addition, Europe is also renowned to consume iron-rich products, on account of which this mineral is in high demand in the region. Iron held more than 17% of the overall animal feed organic trace minerals industry share in 2016 and will continue to attain a major portion of the total revenue owing to its stimulating benefits.

A rapid upswing in worldwide dairy and meat production owing to their increased consumption will continue to remain one of principal factors driving animal feed organic trace minerals market size. Since trace minerals help to activate the vital hormones and enzymes that are essential for the smooth functioning of metabolic processes in livestock, animal feed organic trace minerals market is likely to continue depicting a positive growth graph, pertaining to the rising need for organic food consumption. Besides, technological advancements and increased scale of livestock breeding in countries such as India and Brazil will positively impact the industry growth. The rapid growth of the Animal feed enzymes market will also impact positively on animal feed organic trace minerals industry. It is important to remember that organizations such as FDA and REACH also play a major role in the expansion of animal feed organic trace minerals market. Stringent rules enforced by these organizations regarding the hazards of inorganic feed will drive the industry trends over the coming years.