in countries with growing food industries such as China, India, and Brazil, which has
played a key role in growing animal feed consumption in these countries.
Further key findings from the report suggest:
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The global demand is expected to reach USD 880.2 million by 2025, growing at a
CAGR of 7.3% from 2017 to 2025
The market for zinc was valued at USD 149.7 million in 2016, the highest among
all products, on account of its properties of increasing immunity and metabolism of
animals
The demand for organic trace minerals in pig feed is projected to grow at the
second highest CAGR of 7.4% in terms of revenue, on account of growing demand
for pork due to its high protein content
The U.S. dominated the North American market and accounted for 78.4% in 2016.
This region was one of the largest consumers of animal feed, driving the demand
for organic trace minerals.
Asia Pacific is projected to be the fastest-growing region with a CAGR of 9.1%
from 2017 to 2025 due to growing awareness about the importance of organic
trace minerals in the booming animal husbandry industry
The market in Europe was valued at USD 129.7 million in 2016. The demand in
this region is driven by the growing meat processing and dairy industries in small
countries such as Turkey, Poland, Sweden, Romania, and Bosnia.
Archer Daniels Midland Company was one of the key players in the market in 2016.
Extensive R&D and new product developments were some of the key growth
strategies of the company from 2011 to 2016.
In February 2017, ADM signed an agreement with the University of Illinois,
Department of Animal Sciences for the R&D of its pet food premix and ingredient
offerings
Read our blog Animal Feed Organic Trace Minerals Market -
http://www.grandviewresearch.com/blog/animal-feed-organic-trace-minerals-
market-size
Table of content of global Animal Feed Organic Trace Minerals Market research
report:
Chapter 1 Methodology And Scope
1.1 Research Methodology
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