Germany Animal Feed Organic Trace Minerals Market Size & Outlook
Germany animal feed organic trace minerals market, 2018-2030 (US$K)
Related Markets
Germany animal feed organic trace minerals market highlights
- The Germany animal feed organic trace minerals market generated a revenue of USD 16,602.0 thousand in 2023 and is expected to reach USD 21,895.6 thousand by 2030.
- The Germany market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, iron was the largest revenue generating product in 2023.
- Iron 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 16,602.0 thousand |
| Market revenue in 2030 | USD 21,895.6 thousand |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Iron |
| Fastest growing segment | Iron |
| 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, Germany accounted for 3.0% 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 Europe, Spain animal feed organic trace minerals market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 28,788.7 thousand by 2030.
Iron was the largest segment with a revenue share of 36.2% in 2023. Horizon Databook has segmented the Germany 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.
The animal feed organic trace minerals market in Germany is characterized by state-of-the-art manufacturing facilities. Iron is essential in increasing the hemoglobin levels in animals' blood. This, in turn, helps regulate the reproduction cycle in animals and also improves their immunity.
Although the country has stringent regulations curtailing the application of zinc in animal feed, minute quantities are permissible. This falls ideally in the organic trace minerals bracket, which is expected to be one of the major factors promoting growth.
Due to the introduction of European Union animal welfare rules, pigmeat demand has declined over the past few years. The majority of this country's young population has shifted from pork to poultry, and the poultry segment is expected to grow significantly in the coming 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 |
|---|
Germany animal feed organic trace minerals market size, by product, 2018-2030 (US$K)
Germany 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
