Feed Micronutrients Market Scope and Upcoming Opportunity Analysis till the end of 2027
The global feed micronutrients market is anticipated grow at a CAGR of xx% over the forecast period 2019-2029. Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the feed micronutrients market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the feed micronutrients market. The feed micronutrients market analysis report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period.
Key regions covered comprise:
- North America (Canada, US)
- Latin America (Argentina, Mexico)
- Europe (NORDIC, UK)
- APEJ (China, India)
- MEA and Japan
The global feed micronutrients market is projected to grow at a positive CAGR of over 6% and is estimated to reach a value pool of over US$ 2.5 Bn by the end of the forecast period (2019-2027). In the last few years, the global market for feed micronutrients has undergone a transition in terms of quality and demand. Feed Micronutrients are considered an important feed additive for livestock, and are commonly used to increase feed quality in order to enhance cattle yield and overall health.
Fact.MR, in its new offering, provides an unbiased analysis of the global market for feed micronutrients, with historical data on demand (2013-2018) and expected projections for the period 2019-2027. The report discloses compelling insights into the demand for feed micronutrients on product type (minerals, vitamins, carotenoids, others (fatty acids, essential nutrients), livestock (poultry, aquaculture, swine, equine, others), across several major regions.
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Increasing use of vitamins and trace minerals to activate important enzymes and hormones critical to the metabolic processes of livestock is stimulating growth of the feed micronutrients industry. Favorable government regulations and standards, particularly by CFIA (Canadian Food Inspection Agency), REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) and the FDA (Food and Drug Administration) to prevent micronutrient malnutrition and reduce the use of synthetic additives, will proliferate sales in global feed micronutrients market in the foreseeable future.
The evaluation of the competitive landscape in the feed micronutrients market covers the profile of the following top players:
- Novus International, Inc.
- Tanke Biosciences Corporation
- Vamso Biotec Pvt. Ltd.
- Archer Daniels Midland
The global feed micronutrients market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.
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About the Food & Beverages Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations, the food & beverage team at Fact.MR helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million plus data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.