Feed Micronutrients Market share to see growth of $
2 Bn By 2024: Global Market Insights Inc.
The research report Feed Micronutrients Market Size By Product (Trace Minerals
[Iron, Zinc, Manganese, Copper, Boron], Vitamins [Vitamin A, Vitamin B,
Vitamin C, Vitamin D, Vitamin K, Vitamin E, Carotenoids]), By Livestock
(Poultry, Ruminant, Aquaculture, Swine, Equine) Industry Analysis Report,
Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, Spain,
China, India, Japan, South Korea, Australia, Thailand, Indonesia, Vietnam,
Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential,
Price Trends, Competitive Market Share & Forecast, 2017 – 2024 by Global
Market Insights, Inc. says, Global Soluble Fibers Market size is set to exceed USD
2 Billion by 2024
Shifting preference towards high quality meat and dairy products will drive the feed
micronutrients market growth. Weight gain, enhancing food absorption along with
improving overall animal health are among key factors fueling product demand.
Changing consumer diet towards more nutritious food will drive meat demand hence
completely impacting feed micronutrients market. Increasing spending on animal
health maintenance owing to rising disease outbreak among livestock has positively
influenced product demand.
Zinc will generate over USD 350 million in revenue by 2024. Improving immunity,
stabilizing membranes, enhancing antioxidant enzyme and maintaining lymphocyte
replication are the key properties driving the product demand. Copper will witness
growth over 6% up to 2024. High product adoption due to benefits including high iron
absorption potential, improving metabolism & skin color will drive feed micronutrient
market growth.
Poultry was worth over USD 540 million in 2016. Increasing demand for processed
food coupled with egg consumption will propel the industry growth.
Ruminants will generate over USD 500 million in revenue by 2024. Rising milk
consumption globally will facilitate industry growth. For instance, annual milk
consumption in developing countries was around 55 kg per capita in 2016 and
expected to reach 66 kg by 2030.
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