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Animal Feed Micronutrients Market, By Nutrient Type (Vitamins and Minerals), By Animal Type (Ruminants, Poultry, Aquaculture, Swine and Companion Animals) and Geography (North America, Europe, Asia Pacific and Rest of the World) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

140 Pages | Published Date : July 2018 | Report Code: AV348 | Report Format: PDF

REPORT HIGHLIGHT

The animal feed micronutrients market was valued at USD 1.29 billion by 2017, growing with 6.2% CAGR during the forecast period, 2018-2025.

Micronutrients are one of the important groups of nutritional supplements which includes vitamins, iron, zinc, minerals etc. These are an essential building blocks of a high-quality diet and have a profound impact on human as well as animal health. These chemicals play a crucial role in preventing and fighting chronic disease conditions. Minerals and vitamins are two primary types of micronutrients which can be broadly categorized into fat-soluble vitamins, water-soluble vitamins, trace minerals and macrominerals.

Animal feed micronutrients, as opposed to normal macronutrients are playing an important role in livestock production. Mineral supplementation in livestock enhances growth, improves health, productive and reproductive performances. In animals, it requires in diet for overall health improvement or production of milk, eggs and meat. Also, the importance of micronutrient is well defined by the fact that its deficiency in diet can considerably reduce the animal productivity. An animal, deficient in particular nutrition is likely to show deficiency in physical symptoms which can be clinical or sub-clinical. However, growing concern regarding the ethical treatment of animals hamper the industry growth to some extent. In addition, high price for vitamin products could be a hurdle for the industry growth.

Nutrient Type Takeaway

In terms of nutrient types, the market is primarily divided into vitamins and minerals. Mineral segment is sub-divided as Copper, Zinc, Iron, Manganese, Blends and others. Zinc, Iron, Copper, Manganese, Molybdenum, Selenium and Cobalt are among the most important elements required for veterinary health. These elements play a major physiological role to improve animal life. For example, deficiency of Zinc and Manganese can lead to abnormality in enzyme function in animals which may lead weak bones, joints disorder or immune function disorder. In order to treat micronutrient deficiency in animals, it is advised to treat herbage or fodder with micronutrient through foliar spray.

Of the different types, zinc is considered to be the largest segment in 2017 and is projected to grow at a 7% growth rate. Ability of this product to improve immunity of livestock drive the segment growth. Whereas, iron element accounted for significant revenue share owing to the growing incidence of anaemia in domestic animals.

Animal Type Takeaway

Depending upon types, the industry is categorized as ruminants, poultry, aquaculture, swine and companion animals. In terms of market volume, the ruminants accounted for the highest share over the other segments, but with a slim margin in the animal feed micronutrients industry. On the other side, aquaculture captured small share of the overall market but growing with promising growth rate over the study period.

Regional Takeaway

Regionally, developed regions accounted for the maximum revenue share. It is noted that most of the most of the feed produced in North America and Europe are of better quality with a proper inclusion of animal feed micronutrients. This would in turn stimulate the product demand considerably among the end-users, driving the industry growth. Of these, Europe accounted for the highest revenue share. Whereas, Asia Pacific is anticipated to grow with fastest growth rate and is projected to gain significant industry share in revenue terms by 2025 end.

Key Vendors Takeaway

Key players such as Nutreco NV, Archer Daniels Midland Company, Lallemand Inc., Alltech, QualiTech, Zinpro Corporation, Cargill Incorporated, Aries Agro Limited are operating in this market. Much like the animal health business, consolidation has created an industry in flux. Merck’s acquisition of Antelliq Group, South Korean livestock company Easy Bio’s acquisition of DFS Oskaloosa, Cherkizovo Group’s acquisition of Altaisky Broiler among others signal potential rivalry among the key players.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Government and Regional Agencies
  • Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY NUTRIENT TYPE

  • Vitamins
  • Minerals
    • Copper
    • Zinc
    • Iron
    • Manganese
    • Blends
    • Others

MARKET, BY ANIMAL TYPE

  • Ruminants
  • Poultry
  • Aquaculture
  • Swine
  • Companion Animals

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America

TABLE OF CONTENT

1. ANIMAL FEED MICRONUTRIENTS MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Nutrient Type
2.1.2. Market Snippet by Animal Type
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. ANIMAL FEED MICRONUTRIENTS KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. ANIMAL FEED MICRONUTRIENTS INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. ANIMAL FEED MICRONUTRIENTS MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. ANIMAL FEED MICRONUTRIENTS MARKET – BY NUTRIENT TYPE
6.1. Overview
6.1.1. Segment Share Analysis, By Nutrient Type, 2017 & 2025 (%)
6.2. Vitamins
   6.2.1. Overview
   6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Minerals
   6.3.1. Overview
   6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3.3. Copper
   6.3.3.1. Overview
   6.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3.4. Zinc
   6.3.4.1. Overview
   6.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3.5. Iron
   6.3.5.1. Overview
   6.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3.6. Manganese
   6.3.6.1. Overview
   6.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3.7. Blends
   6.3.7.1. Overview
   6.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3.8. Others
   6.3.8.1. Overview
   6.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. ANIMAL FEED MICRONUTRIENTS MARKET – BY ANIMAL TYPE
7.1. Overview
7.1.1. Segment Share Analysis, By Animal Type, 2017 & 2025 (%)
7.2. Ruminants
   7.2.1. Overview
   7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Poultry
   7.3.1. Overview
   7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4. Aquaculture
   7.4.1. Overview
   7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.5. Swine
   7.5.1. Overview
   7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.6. Companion Animals
   7.6.1. Overview
   7.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. ANIMAL FEED MICRONUTRIENTS MARKET– BY GEOGRAPHY
8.1. Introduction
8.1.1. Segment Share Analysis, By Region, 2017 & 2025 (%)
8.2. North America
   8.2.1. Overview
   8.2.2. Key Manufacturers in North America
   8.2.3. North America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
   8.2.4. North America Market Size and Forecast, By Nutrient Type, 2014 – 2025 (US$ Million)
   8.2.5. North America Market Size and Forecast, By Animal Type, 2014 – 2025 (US$ Million)
8.2.6. U.S.
   8.2.6.1. Overview
   8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.2.7. Canada
   8.2.7.1. Overview
   8.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3. Europe
   8.3.1. Overview
   8.3.2. Key Manufacturers in Europe
   8.3.3. Europe Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
   8.3.4. Europe Market Size and Forecast, By Nutrient Type, 2014 – 2025 (US$ Million)
   8.3.5. Europe Market Size and Forecast, By Animal Type, 2014 – 2025 (US$ Million)
8.3.6. France
   8.3.6.1. Overview
   8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.7. Germany
   8.3.7.1. Overview
   8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3.8. Rest of Europe
   8.3.8.1. Overview
   8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4. Asia Pacific (APAC)
   8.4.1. Overview
   8.4.2. Key Manufacturers in Asia Pacific
   8.4.3. Asia Pacific Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
   8.4.4. Asia Pacific Market Size and Forecast, By Nutrient Type, 2014 – 2025 (US$ Million)
   8.4.5. Asia Pacific Market Size and Forecast, By Animal Type, 2014 – 2025 (US$ Million)
8.4.6. China
   8.4.6.1. Overview
   8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.7. India
   8.4.7.1. Overview
   8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4.8. Rest of APAC
   8.4.8.1. Overview
   8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5. Rest of the World
   8.5.1. Overview
   8.5.2. Key Manufacturers in Rest of the World
   8.5.3. Rest of the World Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
   8.5.4. Rest of the World Market Size and Forecast, By Nutrient Type, 2014 – 2025 (US$ Million)
   8.5.5. Rest of the World Market Size and Forecast, By Animal Type, 2014 – 2025 (US$ Million)
8.5.6. Latin America
   8.5.6.1. Overview
   8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5.7. Middle East and Africa
   8.5.7.1. Overview
   8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. Nutreco NV
   9.1.1. Company Snapshot
   9.1.2. Financial Performance
   9.1.3. Product Benchmarking
   9.1.4. Strategic Initiatives
9.2. Archer Daniels Midland Company
9.3. Lallemand, Inc.
9.4. Alltech
9.5. QualiTech
9.6. Zinpro Corporation
9.7. Cargill Incorporated
9.8. Aries Agro Limited
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. References
11.3. Abbreviations
11.4. Disclaimer
11.5. Contact Us

List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Animal Feed Micronutrients market: Nutrient Type snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Nutrient Type
TABLE Global Animal Feed Micronutrients market, by Nutrient Type 2014-2025 (USD Million)
TABLE Animal Feed Micronutrients market: Animal Type snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Animal Type
TABLE Global Animal Feed Micronutrients market, by Animal Type 2014-2025 (USD Million)
TABLE Animal Feed Micronutrients market: regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by region
TABLE Global Animal Feed Micronutrients market, by region 2014-2025 (USD Million)
TABLE North America Animal Feed Micronutrients market, by country, 2014-2025 (USD Million)
TABLE North America Animal Feed Micronutrients market, by Nutrient Type, 2014-2025 (USD Million)
TABLE North America Animal Feed Micronutrients market, by Animal Type, 2014-2025 (USD Million)
TABLE Europe Animal Feed Micronutrients market, by country, 2014-2025 (USD Million)
TABLE Europe Animal Feed Micronutrients market, by Nutrient Type, 2014-2025 (USD Million)
TABLE Europe Animal Feed Micronutrients market, by Animal Type, 2014-2025 (USD Million)
TABLE Asia Pacific Animal Feed Micronutrients market, by country, 2014-2025 (USD Million)
TABLE Asia Pacific Animal Feed Micronutrients market, by Nutrient Type, 2014-2025 (USD Million)
TABLE Rest of the World Animal Feed Micronutrients market, by country, 2014-2025 (USD Million)
TABLE Rest of the World Animal Feed Micronutrients market, by Nutrient Type, 2014-2025 (USD Million)
TABLE Rest of the World Animal Feed Micronutrients market, by Animal Type, 2014-2025 (USD Million)

List of Figures
FIGURE Animal Feed Micronutrients market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Nutrient Type segment market share analysis, 2017 & 2025
FIGURE Nutrient Type segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Vitamin market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Minerals market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Copper market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Zinc market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Iron market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Manganese market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Blends market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Others market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Animal Type segment market share analysis, 2017 & 2025
FIGURE Animal Type segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Ruminants market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Poultry market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Aquaculture market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Swine market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Companion Animal market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Regional segment market share analysis, 2017 & 2025
FIGURE Regional segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE North America Animal Feed Micronutrients market share and leading players, 2018
FIGURE Europe Animal Feed Micronutrients market share and leading players, 2018
FIGURE Asia Pacific Animal Feed Micronutrients market share and leading players, 2018
FIGURE Latin America Animal Feed Micronutrients market share and leading players, 2018
FIGURE Middle East and Africa Animal Feed Micronutrients market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Canada market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Europe market share analysis by country, 2018
FIGURE U.K. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Germany market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the Europe market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Asia Pacific market share analysis by country, 2018
FIGURE India market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE China market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of Asia Pacific market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the World market share analysis by country, 2018
FIGURE Latin America market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market size, forecast and trend analysis, 2014 to 2025 (USD Million)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including Product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
• The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
• Thorough analysis of relevant statistical data to estimate the market paradigms
• Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
• Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new Product developments

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast :

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

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