Animal feed organic trace minerals see high consumption from quality meat and dairy products

Date of publication : 10/5/2021
Source : https://www.gminsights.com/industry-analysis/animal-feed-organic-trace-minerals-market

Animal feed organic trace minerals play a crucial role in a variety of cattle functions, including digestion, immunity, reproduction, and overall growth. Lack of nutrition in animal feed and concerns related to cattle health are driving the demand for sustainable animal feed. Organic trace minerals for cattle are considered superior to inorganic trace minerals as they provide enhanced gut absorption and bioavailability.

As per the United Nations Food and Agriculture Organization (FAO), global meat and dairy production is projected to rise by 70% and 55% respectively up to 2050. The rise in dairy and meat production can be attributed to the extensive consumption in developing regions, boosting the use of animal feed additives and similar ingredients. According to Global Market Insights, Inc., forecast, global animal feed organic trace minerals market size is projected to exceed US$750 million by 2024.

  • Enhancing ruminant livestock production

Ruminants are predicted to account for significant industry share by 2024, owing to the high adoption of organic trace minerals to enhance livestock productivity. There are several livestock health issues that are caused due to nutritional imbalances or deficiency of essential fatty acids, amino acids, minerals, or vitamins and hampers the production of animal products.

Animal feed organic trace minerals improve growth, milk production, reproduction, and overall health of livestock. There is a swelling demand for quality milk products and red meat, especially in developed countries.

  • High consumption of pig meat

Animal feed organic trace minerals industry share from swine livestock is expected to advance at a notable pace in the coming years. Organic traces minerals such as zinc, selenium, manganese, copper, and iron significantly help livestock in gaining a higher body weight. Increasing demand for protein-rich pig meat is likely to boost the utilization of organic minerals in animal feed. According to OECD-FAO Agricultural Outlook, global pig meat consumption is estimated to increase to 127 Mt by 2029.

  • Organic zinc in poultry feed supplements

Animal feed organic trace zinc industry is expected to grow steadily over the next few years. Organic zinc minerals improve feed conversion efficiency, immunity, and tissue deposition of minerals in broiler birds. Growing instances of chronic diseases in broiler birds such as bird flu and several other infections could escalate the utilization of zinc minerals in poultry feed supplements.

  • Agriculture and animal productivity in Europe

Europe animal feed organic trace minerals industry share in the global market is slated to expand considerably, owing to the rising utilization of mineral-rich animal feed supplements to improve animal production. The constant demand for dairy, animal fat and meat has triggered awareness about livestock health. Moreover, favorable government norms to support agriculture and animal productivity and soaring consumption of pork, beef, and other red meats are likely to complement the regional industry landscape.

Mercer Milling, Archer Daniels Midland, Cargill, Ridley, Pancosma, QualiTech, Kemin Industries, Tanke Biosciences, Royal DSM, Zinpro, and others are some prominent companies in the global animal feed organic trace minerals industry. These industry players are emphasizing to leverage feed technologies and develop mineral-rich organic feed to upgrade the overall health of livestock and food productivity.

 
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