The global market for trace minerals for animal feed has been expanding on account of the rising need to build a robust framework for protecting animals and feeding them. Trace minerals help the animal body in carrying out essential functional including structural and regulatory mechanisms. In recent times, all animal and plant foods contain trace minerals which has given a push to the demand within the global market. A report added by TMR Research titled “Trace Minerals for Animal Feed Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” builds a framework to understand the growth dynamics of the global market over the aforementioned timeframe.
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Improving the livestock has become the most important concern of the animal and plant breeding industry, which has enhanced the growth prospects of the global market for trace minerals for animal feed. Furthermore, trace minerals help cattle in digesting food with ease, which further escalates demand within the global market. Animal feeds containing multivitamins and soluble trace minerals has also aided the growth of the global market for trace minerals for animal feed.
The large animal and plant breeding industry in North America and Europe has played to the advantage of these regional markets. Furthermore, India has a large population living in rural areas that breeds and pets domestic animals, thus, giving an impetus to the growth of the market in Asia Pacific.
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Some of the key players in the global trace minerals for animal feed market are Cargill Inc., Alltech, Inc., and Archer Daniels Midland Co.