Key Segments Covered in the Feed Micronutrients Market Report By Livestock are Poultry, Ruminant, Swine, Aquaculture and Others
The global feed nutrients market is likely to derive growth from the presence of several large scale companies across the world. The ability of feed micronutrients to enhance the overall dairy yield and output will lead to a wider product adoption across the world. According to a report by Fortune Business Insights, titled “Feed Micronutrients Market Size, Share and Industry Analysis, By Product (Trace Minerals, Vitamins), By Livestock (Poultry, Ruminant, Swine, Aquaculture, Others) Others and Regional Forecast, 2019-2026,” the market will derive growth from the growing emphasis on animal health and well-being.
List of companies profiled in the report:
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Feed micronutrients are food products that are given to farm animals and pets. They contain essential nutrients that enhance the overall health of the animals. The increasing awareness regarding animal health and well-being spread by government and public organizations will create new opportunities for the companies operating in the market. The presence of several large scale companies will bode well for the growth of the market in the coming years. Strict regulations associated with the ingredients in animal feed will create several opportunities for market growth. Moreover, the emphasis on treatment and prevention of bovine infection will lead to a wider product adoption across the world. Increasing consumption of feed micronutrients will attract market entrants. The high investment in the development of efficient products will aid the growth of the overall market in the coming years.
Major Segments includes:
By Product
By Livestock
By Geography
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Increasing Number of Company Mergers Will Aid Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. It highlights major strategies adopted by large scale companies with the aim of acquiring a wider consumer base. Due to healthy market competition, several companies are looking to adopt strategies that will help them standout from their counterparts. It is observed that company mergers and acquisitions that favor marketing activities are an increasing trend among several major companies. In September 2018, Kemin Industries announced that it has collaborated with Micronutrients USA for developing a new feed micronutrient. The company introduced ‘IntelliBond Vital 5Cr,’ the world’s first nutrition package that contains essential several essential nutrients. The product is primarily aimed at consumption for beef and dairy cattle, for enhancing their performance and yield. Kemin’s latest collaboration with IntelliBond will not just benefit the company, but will have a direct impact on the growth of the overall market in the coming years.
Asia Pacific Likely to Emerge Dominant; Increasing Dairy and Cattle Production to Aid Growth
The report analyzes the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these regions, the market in Asia Pacific is projected to hold the highest market share in the coming years. The constantly rising population and the subsequently increasing demand for dairy products will lead to an increase in cattle and farming. The rising farming activities will ultimately lead to a wider product adoption in numerous countries across the world. Emerging countries such as India and Japan have seen the highest consumption of feed micronutrients. Besides Asia Pacific, the market in North America will witness considerable growth in the coming years driven by the huge demand for dairy products in the United States.
Industry Developments:
September 2018,DSM and Novozymes announced the launch of Balancius, the first microbial muramidase that has the ability to enhance digestibility and feed efficiency in broilers.
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