Brazil Animal Feed Organic Trace Minerals Market Size & Outlook
Brazil animal feed organic trace minerals market, 2018-2030 (US$K)
Related Markets
Brazil animal feed organic trace minerals market highlights
- The Brazil animal feed organic trace minerals market generated a revenue of USD 32,063.3 thousand in 2023 and is expected to reach USD 53,681.4 thousand by 2030.
- The Brazil market is expected to grow at a CAGR of 7.6% from 2024 to 2030.
- In terms of segment, zinc was the largest revenue generating product in 2023.
- Zinc is the most lucrative product segment registering the fastest growth during the forecast period.
Animal feed organic trace minerals market data book summary
| Market revenue in 2023 | USD 32,063.3 thousand |
| Market revenue in 2030 | USD 53,681.4 thousand |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Zinc |
| Fastest growing segment | Zinc |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD thousand |
| Market segmentation | Zinc, Iron, Copper, Selenium, Other Products |
| Key market players worldwide | Alltech, Archer-Daniels Midland Co, Global Bio-chem Technology Group Co Ltd, Cargill, Kemin Industries, Mercer International Inc, Novus Holdings Ltd, Koninklijke DSM NV |
Other key industry trends
- In terms of revenue, Brazil accounted for 5.9% of the global animal feed organic trace minerals market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil animal feed organic trace minerals market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 53,681.4 thousand by 2030.
Zinc was the largest segment with a revenue share of 33.7% in 2023. Horizon Databook has segmented the Brazil animal feed organic trace minerals market based on zinc, iron, copper, selenium, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is the largest economy in Central & South America and has been witnessing steady growth in the agriculture and animal feed sectors. Although the industrial output has registered a slowdown recently, favorable economic indicators are expected to stabilize growth in this country.
The Brazilian Animal Protein Association regulates the animal feed industry in this country. The demand for zinc is expected to be the highest in Brazil over the forecast period. The market in this region is characterized by growing demand for feed from the poultry and pig sectors.
In the past, outbreaks of diseases have resulted in the deaths of a large number of animals in this country. Thus, immunity is one of the major factors driving the demand for zinc and copper here. The market for pigs is expected to grow at the second-highest CAGR over the next eight years.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Animal Feed Organic Trace Minerals Market Scope
Animal Feed Organic Trace Minerals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil animal feed organic trace minerals market size, by product, 2018-2030 (US$K)
Brazil Animal Feed Organic Trace Minerals Market Outlook Share, 2023 & 2030 (US$K)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
