LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global organic trace minerals for the animal feed market to grow at a CAGR of close to 8% during the forecast period, according to their latest report.
The research study covers the present scenario and growth prospects of the global organic trace minerals for the animal feed market for 2016-2020. The report segments the market on the basis of different categories of livestock into four segments which consist of cattle, swine, poultry and others. The others category includes sheep, equine, aquaculture, and pets.
North America was the largest market in the global organic trace minerals for the animal feed market. It held a share of 40% in 2015, which can be attributed to the high consumption of meat in the region. The US is the world's largest producer of beef products. Strict environmental regulations laid by the government drive the demand for organic trace minerals in the region.
Technavio chemicals and materials analysts highlight the following four factors that are contributing to the growth of the global organic trace minerals for the animal feed market:
- Growing use of organic trace minerals to maintain livestock health
- Growth in poultry food products in developed and developing nations
- Hazardous effects of unabsorbed inorganic minerals
- High bioavailability of organic trace minerals
Growing use of organic trace minerals to maintain livestock health
Organic trace minerals such as zinc, iron, copper, cobalt, and others are crucial for maintaining livestock health, fertility, and yield of desired animal products. These minerals help in the proper functioning of enzymes and hormones that are crucial in many metabolic processes. Therefore, the deficiency of these minerals will incur significant losses to the farmer.
“Conventional animal feed such as fodder and forage do not provide adequate nutrients that are essential for the animal. Further, the rise in human population is increasing urbanization, which has decreased the area of grazing lands considerably. Therefore, the use of compound manufactured animal feed fortified with organic micronutrients is growing,” says Chandrakumar Badala Jaganathan, a lead analyst at Technavio for agrochemicals and fertilizers research.
Growth in poultry food products in developed and developing nations
The per capita consumption of poultry meat is increasing, especially in developing countries. This can be attributed to the increase in the global population especially in developing countries, including India. The rise in meat production and consumption has increased significantly in APAC and the Americas.
The improved economic conditions and healthy eating habits will increase the demand for poultry meat. Further, individuals are becoming health conscious and are preferring white meat over red meat as the former has lesser cholesterol content. These factors will increase the sales of poultry feed products.
Hazardous effects of unabsorbed inorganic minerals
The organic trace minerals market is driven by the growing concerns regarding the hazardous effects of unabsorbed inorganic trace minerals. The use of inorganic trace minerals in animal feed leads to environmental pollution and also raises concerns regarding the safety of animals when administered in higher concentrations.
Inorganic trace minerals have relatively lower bioavailability and are not absorbed readily in animals when compared with their organic counterparts. The unabsorbed minerals are excreted, which lead to soil pollution and contamination of water bodies. They can have a detrimental effect on soil microorganisms, which play a significant role in maintaining soil structure and quality. Further, these minerals can enter the food chain through drinking water sources and can cause serious adverse effects on individuals.
For instance, consumption of water contaminated with copper can cause a condition called copperiedus. This causes vomiting, vomiting of blood, low blood pressure, gastrointestinal distress, and coma over a short term. Long-term exposure to copper can damage the liver and the kidneys. Similarly, iron overload can cause nausea, vomiting, hypovolemic shock, and can damage vital organs, including the brain and the liver.
Owing to these factors, organic trace minerals are promoted in the developed regions such as North America and Western Europe. In addition, stringent regulations regarding the use of inorganic trace elements in these regions limit their use, thereby driving the growth of organic trace elements in animal feed.
High bioavailability of organic trace minerals
The market is witnessing an increase in the replacement of inorganic trace minerals with organic trace minerals in animal feed due to higher bioavailability. Inorganic trace minerals tend to interact with fiber, phytate, oxalate, tannin, silicates, and other minerals in the gastrointestinal tract, which adversely affects the mineral absorbability.
“The absorption of organic trace minerals, on the other hand is much higher than inorganic trace minerals as the chelates attached to the organic trace minerals prevent them from interacting with other feed components. The bound chelating agents increase their stability in the digestive tract. Further, organic trace minerals with enhanced bioavailability such as zinc glycinate complex and zinc amino acid chelate are also being developed,” says Chandrakumar.
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