Japan Animal Feed Organic Trace Minerals Market Size & Outlook
Japan animal feed organic trace minerals market, 2018-2030 (US$K)
Related Markets
Japan animal feed organic trace minerals market highlights
- The Japan animal feed organic trace minerals market generated a revenue of USD 13,625.0 thousand in 2023 and is expected to reach USD 21,453.0 thousand by 2030.
- The Japan market is expected to grow at a CAGR of 6.7% 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 13,625.0 thousand |
| Market revenue in 2030 | USD 21,453.0 thousand |
| Growth rate | 6.7% (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, Japan accounted for 2.5% 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 Asia Pacific, China animal feed organic trace minerals market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 205,337.2 thousand by 2030.
Zinc was the largest segment with a revenue share of 36.9% in 2023. Horizon Databook has segmented the Japan 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.
Japan is the technological hub of the Asia Pacific region. This country is known for its electronics and automobile industries. However, the meat industry is also considered a significant economic sector. The Japan Feed Manufacturers Association regulates the animal feed industry in this country.
The animal feed organic trace minerals market in Japan is characterized by technological advancements in the animal feed sector, which optimize the use of trace minerals such as iron, copper, and manganese rather than zinc.
Growing awareness about the importance of these trace minerals in the feed of all kinds of animals to improve their immunity and meat quality has driven their demand in the past. Growing demand for poultry and pork is expected to positively impact the market over the forecast period.
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Animal Feed Organic Trace Minerals Market Scope
Animal Feed Organic Trace Minerals Market Companies
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Japan animal feed organic trace minerals market size, by product, 2018-2030 (US$K)
Japan Animal Feed Organic Trace Minerals Market Outlook Share, 2023 & 2030 (US$K)
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