Feed Micronutrients Market to Grow by 2027

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.

 

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Key Takeaways of Feed Micronutrients Market Study

  • The snowballing trend for clean label products demanding strict approval by regulatory bodies is further enhancing the product portfolio for feed micronutrients
  • During the forecast period, the vitamins segment is projected to grow at a CAGR of over 6.5%. The requirement of vitamins to boost metabolism rate, immunity, and reproductive health is stoking sales of feed micronutrients
  • The poultry segment accounted for over 40% share within the global feed micronutrients industry. The rapid expansion of manufacturing facilities for poultry products would increase the product portfolio particularly in European countries such as Germany, the UK, France and Russia
  • APAC accounted for over 30% of the total share of the feed micronutrients industry. Upsurge in the consumption of meat and meat related products in developing economies like Indonesia, India, China and Japan are bolstering growth. Moreover, rapid growth in the animal feed industry is also creating a positive business outlook in APAC.

 

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Find More Valuable Insights on the Market

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.

Product Type
  • Minerals
  • Vitamins
  • Carotenoids
  • Others (Fatty Acids, Essential Nutrients)
Livestock
  • Poultry
  • Aquaculture
  • Swine
  • Equine
  • Others
Region
  • North America
  • Latin America
  • Europe
  • APAC
  • MEA
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Report Benefits & Key Questions Answered

 

  • Feed Micronutrients Market Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
  • Feed Micronutrients Market Historical volume analysis: The report provides a comparison of Feed Micronutrients Market historical sales and projected sales performance for 2021-2031.
  • Feed Micronutrients Market Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Flavour Enhancers. It carefully gauges the impact of changing healthcare needs of key demographics globally
  • Feed Micronutrients Market Consumption by demographics: The report investigates consumer behavior affecting Feed Micronutrients Market demand outlook for the assessment period. Effect of their keenness for digital trends on Feed Micronutrients Market carefully analyzed
  • Post COVID consumer spending on Feed Micronutrients Market: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Feed Micronutrients Market growth.

 

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