Brazil Animal Feed Organic Trace Minerals Market Size & Outlook

The animal feed organic trace minerals market in Brazil is expected to reach a projected revenue of US$ 53,681.4 thousand by 2030. A compound annual growth rate of 7.6% is expected of Brazil animal feed organic trace minerals market from 2024 to 2030.
Revenue, 2023 (US$K)
$32,063.3
Forecast, 2030 (US$K)
$53,681.4
CAGR, 2024 - 2030
7.6%
Report Coverage
Brazil

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 2023USD 32,063.3 thousand
Market revenue in 2030USD 53,681.4 thousand
Growth rate7.6% (CAGR from 2023 to 2030)
Largest segmentZinc
Fastest growing segmentZinc
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD thousand
Market segmentationZinc, Iron, Copper, Selenium, Other Products
Key market players worldwideAlltech, 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.

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Animal Feed Organic Trace Minerals Market Scope

Animal Feed Organic Trace Minerals Market Companies

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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)

Brazil animal feed organic trace minerals market size, by product, 2018-2030 (US$K)

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