The increasing
demand for animal products, such as meat and milk are the key reasons for the
growth of the global organic
trace minerals market. The increasing number of animals and growing trade
of meat and dairy products are expected to drive the growth of global the
organic trace minerals market during the forecast period. The production from
animals is largely dependent on the type of feed they consume. Zinc dominates
the market among products, followed by iron.
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As defined by
Association of American Feed Control Officials (AAFCO), organic trace minerals
can be categorized as metal complexes, metal amino acid complexes, metal amino
acid chelates, metal proteinates metal polysaccharide complexes, metal
propionates, and yeast derivative complexes.
The increasing
iron deficiency among poultry and ruminants is expected to drive the growth of
the iron segment in the global organic trace mineral market during the forecast
period. Manganese and copper boosts immunity of the animals. The other types
include selenium and cobalt. The sales of organic trace mineral also largely
depend upon the advice of veterinarians to the animal farm owners. The
consolidating animal farms further increase the importance of veterinary
prescription for organic trace mineral products, as they play a significant
role in volume sales of such products.
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The high
research and development costs associated with the development of organic trace
minerals is one of the key restraints in the market. Among regions, North America dominates the
global organic trace minerals market due to high consumer awareness about the
benefits of organic products. Also, the strict environmental regulation in the
regions related to the use of inorganic minerals is also one of the factors,
driving the growth of the market in the
region. The Asia-Pacific organic trace minerals market is also growing with a
considerable growth rate, mostly due to the increasing consumption and export
of meat and milk products in the region. China accounts for approximately 25%
of the global meat production, which is also increasing the demand of organic
trace minerals in the country. Brazil is expected to be one of the fastest
growing markets, due to its large beef exports and increasing demand for
organic animal feed and related products.
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