The global trace minerals in feed market size is estimated to be valued USD 472 million in 2020 and is expected to reach a value of USD 608 million by 2025, growing at a CAGR of 5.2% during the forecast period. Factors such as increasing demand for polutry, changing consumer preferences due to fast-paced lifestyles, and increased need to for high protein sources  in food products is driving the market for Trace minerals in feed during the forecast period.

Report Objectives:

• To define, segment, and estimate the size of the trace minerals in feed market with respect to its type, livestock, chelate type, form, and region
• To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze the complete value chain and influence of all key stakeholders, such as manufacturers, suppliers, and end users
• To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To profile the key players and comprehensively analyze their core competencies
• To analyze the competitive developments, such as new product launches, acquisitions, investments, expansions, partnerships, agreements, joint ventures, and product approvals, in the trace minerals in feed market 

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COVID-19 Impact on the Trace minerals in feed Market: 

COVID-19 impact on the feed consumption has directed affected the consumption of meat and livestock products and byproducts, such as milk, eggs. This is majorly due to feed supply shortages as a resut of the shutdown of many facilitirs and completed lockdown in majority of the important countries.

Moreover, there is an increased skeptism among consuemrs towards the consumption of poultry products due to the scare of the virus (COVID-19) getting transmitted to humans through the consumption. This has reduced the demand of animal feed in the global market.  

However, trace minerals such as zinc are extremely essential in the diet of animals as well as humans to ensure optimum health.  Zinc works as an antiviral agent by preventing the replication of RNA viruses. It does this by inhibiting RNA-dependent RNA polymerase (RdRP), an enzyme that causes the replication of RNA viruses, like the coronavirus or many others that are known to affect livestock and poultry. In addition to zinc, the trace minerals selenium, copper and manganese are required by the body and play a role in the adaptive and innate immune functions of animals. 

Opportunity: Increase in the bioavailability of trace minerals

Bioavailability refers to the proportion of nutrients in food products, which is absorbed and utilized by the body of animals. In addition, utilization is the process of transportation, cellular assimilation, and conversion to a biologically active form. With the permissible limits being imposed on the use of trace elements in feed to reduce environmental risks, livestock farmers have not been able to improve feed conversion efficiency in livestock without providing a higher dosage of mineral supplements, as these elements are not easily absorbed by the digestive systems of animals. However, high demand is expected from unorganized livestock farmers and cooperative societies in developing countries. Therefore, manufacturers are developing techniques to supply these inorganic trace elements in organic forms, which would increase the bioavailability of these compounds and improve the productivity of livestock. The most commonly available trace elements in the organic form include copper, zinc, selenium, and chromium. The awareness about the benefits of organic mineral chelates among farmers is essential to bring a significant shift in the market demand for mineral supplements. 

Asia Pacific is estimated to hold the largest market share during the forecast period

The trace minerals in feed market is estimated to grow significantly in the Asia Pacific region due to the rise in demand for poultry meat and poultry byproducts as well as ruminats from the major economies such as China, India, Japan and other South East Asian countries as they experience a surge in the increase in number of health -conscious consumers. With the increase in awareness amongst consumers about the essential nutrients requirement in daily diet, have increased the demand for protein rich meat. In Asia Pacific, trends around healthy lifestyles and prevention among older consumers trying to avoid expensive healthcare costs and extend healthy lifespans are generating growth opportunities dietary supplements. Thus, causing Trace minerals in feed to flourish in the region.

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Key players in this market include Cargill, Incorporated (US), Koninklijke DSM N.V. (Netherlands), Archer Daniels Midland Company (US), Novus International (US), and Kemin Industries, Inc. (US), Zinpro Corporation (US), Alltech (US), Tanke (China), Global Animal Products (US), Orffa (Netherlands), BASF SE (Germany), Bluestar Adisseo (China), JH Biotech, Inc. (US), and Virbac (France).

Recent Developments:

• In July 2020, Kemin Industries revealed architectural renderings for a new quality control laboratory (QC lab) that will be built onsite at its worldwide headquarters in Des Moines, Iowa (US). Kemin’s advanced analytical capabilities ensure the potential production activity and specificity of its finished goods.
• In September 2020, Bluestar Adisseo Company acquired Framelco Group (Netherlands), which is a feed additive company. Through this strategy, the company focuses on contributing to the growth of the specialty product segment to become one of the leaders in the specialty feed ingredients market for animal nutrition.