The Animal Feed Micronutrients Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Animal Feed Micronutrients is estimated to be USD 1236.02 Million in 2016 and predicted to rise to USD 1661.9 Million by 2021 with a CAGR of 6.1 %. The market is by Type (Zinc, Iron, Manganese, and Copper), by Livestock (Ruminant, Poultry, Aqua, Swine, and Equine) and by Region – Global Industry Analysis, Size, Share, Growth, Trends and forecasts (2016-2021). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Rising interest of owning pet animals, growing expenses on animal wellbeing and wellness combined with success of animal feed micronutrients in development and fertility of the animals are some of the major factors driving the animal feed micronutrients market. Furthermore, the rising demand for animal protein from milk and meat delivering cattle combined with recent illness epidemic in cattle is further driving the animal feed micronutrients market.
The critical dosage use of animal feed micronutrients and dearth of awareness about the advantages of micronutrients among uneducated and poor farmers are major factors restraining the animal feed micronutrients industry.
Asia-Pacific is the largest market because of its rapid economic growth and large population. Asia-Pacific is also the fastest growing region during the forecast period. Meanwhile, North America is growing at a substantial CAGR is likely to be the second largest market by the end of the forecast period.
Major companies operating in the global market include Archer Daniels Midland Company (ADM), Balchem Corp., Lallemand Inc, Alltech Inc., Cargill Inc., Novus International Inc., Kemin Industries Inc., Zinpro Corporation, Nutreco N.V. and Qualitech Inc.
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-animal-feed-micronutrients-market-1906/” and checkout our recent reports in the Animal Feed category at “http://www.marketdataforecast.com/research-reports/agriculture/animal-feed-7/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.