The Trace Minerals In Feed Global Market Report 2023, provides comprehensive information on the trace minerals in feed market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global trace minerals in feed market size is expected to grow from $496.98 billion in 2022 to $526.43 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global trace minerals in feed market size is expected to reach $652.23 billion in 2027 at a CAGR of 5.5%.
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Product innovations have emerged as the key trend gaining popularity in the trace minerals in feed market. Major companies operating in the trace minerals in feed market are developing innovative products to strengthen their position in the market. For instance, in October 2022, the Zinpro Corporation, a US-based innovator and manufacturer of high-performance organic trace minerals, launched Zinpro IsoFerm for dairy nutrition. The unique features of the Zinpro IsoFerm involve boosting rumen activity by feeding fiber-digesting bacteria directly with game-changing technology. It is designed to increase feed efficiency, promote sustainability, and boost profitability.
The trace minerals in feed market is segmented:
1) By Type: Zinc, Copper, Cobalt, Manganese, Iron, Chromium, Other Types
2) By Chelate Type: Amino Acids, Proteinates, Polysaccharides, Other Chelate Types
3) By Livestock: Poultry, Ruminant, Swine, Aquaculture, Other Livestock
4) By Form: Dry, Liquid
Asia-Pacific was the largest region in the trace minerals in feed market in 2022.
The table of contents in TBRC’s trace minerals in feed market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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