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Zinc Micronutrient for Animal Feed Market Size, Share, Trends & Forecast 2024-2032

June 25, 2024 | by oliviabrown

Zinc Micronutrient for Animal Feed

Zinc Micronutrient for Animal Feed Market Outlook

According to the report by Expert Market Research (EMR), the global zinc micronutrient for animal feed market size reached a volume of 64.214 KMT in 2023. Aided by the increasing demand for high-quality animal nutrition and the growing applications of zinc in animal feed, the market is projected to further grow at a CAGR of 4.36% between 2024 and 2032 to reach a volume of 82.826 KMT by 2032.

Zinc is an essential trace mineral that plays a critical role in numerous biological functions, including enzyme activity, protein synthesis, and immune response. In the context of animal nutrition, zinc is vital for growth, reproduction, and overall health. It is commonly added to animal feed in various forms, such as zinc oxide, zinc sulphate, and zinc chelates, to ensure optimal animal health and productivity.

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The increasing demand for high-quality animal nutrition is a primary driver of the zinc micronutrient for animal feed market growth. As the global population continues to grow, there is a corresponding rise in the demand for animal protein, such as meat, milk, and eggs. This has led to an increased focus on improving animal health and productivity through enhanced nutrition, thereby driving the demand for zinc micronutrients in animal feed.

The growing awareness of the benefits of zinc supplementation in animal feed is another significant factor propelling the market. Zinc plays a crucial role in enhancing immune function, promoting growth, and improving reproductive performance in animals. As a result, livestock producers and feed manufacturers are increasingly incorporating zinc into their feed formulations to optimize animal health and performance, consequently driving up the zinc micronutrient for animal feed market share.

Additionally, the rise in livestock diseases and the need for effective disease management strategies are driving the demand for zinc micronutrients. Zinc has been shown to enhance immune function and reduce the incidence of diseases in animals, making it a valuable component in animal feed. The increasing emphasis on preventive healthcare in livestock management further supports the growth of the zinc micronutrient for animal feed market.

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As per the zinc micronutrient for animal feed market analysis, North America holds a significant share of the market, driven by the large-scale livestock production and the high adoption of advanced animal nutrition practices in the region. The United States, in particular, is a key market, with a well-established livestock sector and a strong focus on enhancing animal health and productivity through optimised nutrition.

Europe is another prominent market for zinc micronutrients in animal feed, with increasing investments in animal health and nutrition. Countries such as Germany, France, and the Netherlands are at the forefront of zinc supplementation in animal feed, supported by stringent regulations on animal nutrition and a strong emphasis on sustainable livestock production.

The Asia Pacific region is expected to witness substantial growth in the market during the forecast period. The rapid expansion of the livestock sector, coupled with the growing focus on improving animal health and productivity, is driving the demand for zinc micronutrients in the region. Emerging economies, such as China and India, are key markets, with increasing investments in animal nutrition and a growing awareness of the benefits of zinc supplementation.

Latin America and the Middle East and Africa regions are also poised for significant growth in the market, supported by the increasing demand for animal protein and the rising focus on enhancing livestock health and productivity.

The zinc micronutrient for animal feed market is witnessing several key trends that are shaping its growth and development. One notable trend is the increasing adoption of organic and natural feed additives. With growing consumer demand for organic and natural animal products, livestock producers are increasingly seeking organic sources of zinc to meet this demand. The use of natural and organic zinc sources in animal feed not only enhances animal health and productivity but also aligns with consumer preferences for natural and sustainable products.

Zinc Micronutrient for Animal Feed Market Segmentation

The market can be divided based on the species and region

Market Breakup by Species

  • Poultry
  • Swine
  • Dairy
  • Aqua
  • Ruminants
  • Equine
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global zinc micronutrient for animal feed market. Some of the major players explored in the report by Expert Market Research are as follows:

  • Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH
  • Animine, S.A.S.U.
  • Alltech Inc
  • Novus International, Inc.
  • Balchem Corporation
  • Zinpro Corporation
  • Norel SA
  • Trouw Nutrition
  • Others

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