From GlobeNewswire: 2024-06-12 22:00:00

The global trace minerals in feed market is projected to grow from USD 563.8 million in 2023 to USD 970.2 million by 2033, with a CAGR of 5.58%. Essential minerals like zinc, manganese, and copper are crucial for animal health, immunity, and productivity. Factors driving market growth include increased demand for red meat and chicken, focus on animal nutrition, and changing food consumption patterns. Europe is expected to lead the market, with a strong emphasis on reducing input costs and enhancing animal health. The iron segment is anticipated to dominate the market, while the poultry segment is expected to show the highest CAGR. Amino acids are projected to be the leading chelate type in the market. Asia Pacific is forecasted to grow rapidly due to high demand for animal feed, particularly in China. Competitive analysis shows major vendors like Cargill and DSM leading the industry. Recent developments include Virbac’s TENOTRYL injectable solution for livestock and swine. The market is segmented by type, livestock, chelate type, and region. Explore full report for in-depth insights and analysis.



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