Global Animal Feed Organic Trace Minerals Market Size & Outlook
The animal feed organic trace minerals industry worldwide is expected to reach a projected revenue of US$ 917,365.1 thousand by 2030. A compound annual growth rate of 7.7% is expected of the worldwide animal feed organic trace minerals industry from 2024 to 2030.
Revenue, 2023 (US$K)
$546,511.8
Forecast, 2030 (US$K)
$917,365.1
CAGR, 2024 - 2030
7.7%
Report Coverage
Worldwide
Global animal feed organic trace minerals market, 2018-2030 (US$K)
Related Markets
Global animal feed organic trace minerals market highlights
- The global animal feed organic trace minerals market generated a revenue of USD 546,511.8 thousand in 2023 and is expected to reach USD 917,365.1 thousand by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.7% by 2030.
- In terms of segment, zinc accounted for a revenue of USD 184,014.4 thousand in 2023.
- Zinc is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 546,511.8 thousand |
| Market revenue in 2030 | USD 917,365.1 thousand |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Zinc |
| Fastest growing segment | Zinc |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD thousand |
| Market segmentation | Zinc, Iron, Copper, Selenium, Other Products |
Other key industry trends
- In terms of revenue, the North America accounted for 22.2% of the global animal feed organic trace minerals market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 21,895.6 thousand by 2030.
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Animal Feed Organic Trace Minerals Market Scope
Animal feed organic trace minerals market segmentation & scope
Animal Feed Organic Trace Minerals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global animal feed organic trace minerals market size, by regions, 2018-2030 (US$K)
Top 10 countries: Animal feed organic trace minerals market size, 2023 (US$K)
Global animal feed organic trace minerals market share, by product, 2023 & 2030 (%, US$K)
Animal feed organic trace minerals market: Opportunity assessment by country
Global animal feed organic trace minerals market, by region, 2023 (US$K)
Related regional statistics
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