Animal Feed Organic Trace Minerals Market Overview:
Organic trace minerals are the minerals used in minimal quantities. They are produced when inorganic minerals are connected to organic molecules like amino acids and polysaccharides. The organic molecules are known as chelates and they avoid organic trace minerals from working together with feed parts as well as other minerals of body stem of the animals, thereby enhancing the degree of bioavailability of organic trace minerals. In spite of the reality that the organic trace minerals are added to the animal feed in tiny quantities, they play a significant part in retaining animal health. Today, there is a growing trend among the population towards utilization of organic trace minerals as compared to utilization of their inorganic equivalents.
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The key kinds of organic trace minerals include manganese, copper, cobalt, iron, zinc and selenium. Iron and Zinc are the highly used organic trace minerals due to their variable characteristics in the system of animal body. They combined contribute for more than half of the total revenue. Amino acid was the selected chelate for animal feed in comparison to proteinates and polysaccharide owing to high bioavailability. High amount of bioavailability of trace chemicals as compared to their inorganic replacements is predicted to be the main aspect stimulating the growth and expansion of the global animal feed organic trace minerals market. Further, the rising demand for animal as a protein source in nations like India and Brazil is projected to further enhance the growth of the global animal feed organic trace minerals market.
Increased consciousness among the customers in APAC region related to the advantages of these minerals in regulating & avoiding the spread of the diseases in the cattle has also led to sales increment in this region. However, the global animal feed organic trace minerals market is facing significant constraints both in the form of strict government legislations and high expenditures on research & development activities.
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The worldwide meat output is growing and as per food and agricultural organization of UN the output rose from 296900 kilo tons in year 2011 to 303900 kilo tons in year 2012 at a growth rate of 2.2 %. The increase in the output is observed to be in emerging economies where the output rose from 177350 kilo tons in year 2011 to 184360 kilo tons in year 2012 recording a growth rate of about 3.8%. The increase in output was witnessed in countries like Russia, India, Brazil, China and regions of South Asia. The above displayed statistical figures combined with growing consciousness of the inorganic trace minerals risks is predicted to enhance the demand for the global animal feed organic trace minerals market in future.
The universal animal feed organic trace minerals market was evaluated at 373 million USD in year 2012 and is predicted to develop at CAGR rate of about 6.5% during the forecasted period of year 2013 to year 2022. APAC region is predicted to observe a significant market growth owing to enhanced production of meat in nations like India and China.
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Animal Feed Organic Trace Minerals Market By Region:
The sub continent of North America was the biggest animal feed organic trace minerals market contributing nearly about 37.6% of the total market revenue in year 2012. But this region is projected to lose the market revenue share owing to rapidly increasing demand for the organic trace minerals in APAC region. The continent of Europe was the second biggest animal feed organic trace minerals market in year 2012 and was evaluated at 133 million during that year.
The continent of Europe is the second biggest meat producer of the world after China. The output of meat is predicted to grow in future, specifically in eastern parts of Europe. Most of the relevant market sectors recognized as attractive business avenues in Europe feed additive industry include enzymes, carotenoids, vitamins and organic trace minerals.
The animal feed organic trace minerals market of APAC region was lesser in comparison to sub continent of North America and continent of Europe during year 2012. But this region is predicted to observe fastest growth in future owing to rise in production of meat in this region. For example the meat production of China in this APAC region was 83697 kilo tons in past and this was about 24.7% of the total meat production of the world. The increase in production of meat is predicted to make China one of the most profitable animal feed organic trace minerals market destination to be explored during the forecasted period.
Also growing awareness among the people about the adverse effects of using inorganic trace minerals causing environmental hazards is predicted to boost the demand for organic trace minerals in this Asia Pacific zone.
The demand for organic trace minerals is mainly enhanced by Brazil ( a South American nation) which was the world’s fourth biggest meat producer producing about 24595 kilo tons of meat in year 2012. Also the rise in per capita income and increase in disposable income of the population in this Latin American region combined with the growing demand for animal meat as a protein source is predicted to stimulate the demand and growth of the animal feed organic trace minerals market in this region of Latin America(South America).
Further the stringent environmental rules prohibiting the usage of inorganic trace minerals causing environmental pollution/air pollution is predicted to propel the demand and growth of the animal feed organic trace minerals market all across the globe.
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