Latin America Animal Feed Organic Trace Minerals Market Size & Outlook
The animal feed organic trace minerals market in Latin America is expected to reach a projected revenue of US$ 91,920.0 thousand by 2030. A compound annual growth rate of 7.4% is expected of Latin America animal feed organic trace minerals market from 2024 to 2030.
Revenue, 2023 (US$K)
$55,908.1
Forecast, 2030 (US$K)
$91,920.0
CAGR, 2024 - 2030
7.4%
Report Coverage
Latin America
Latin America animal feed organic trace minerals market, 2018-2030 (US$K)
Related Markets
Latin America animal feed organic trace minerals market highlights
- The Latin America animal feed organic trace minerals market generated a revenue of USD 55,908.1 thousand in 2023.
- The market is expected to grow at a CAGR of 7.4% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 55,908.1 thousand |
| Market revenue in 2030 | USD 91,920.0 thousand |
| Growth rate | 7.4% (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 |
| 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, Latin America region accounted for 10.2% of the global animal feed organic trace minerals market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 383,091.7 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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Latin America animal feed organic trace minerals market size, by country, 2018-2030 (US$K)
Latin America Animal Feed Organic Trace Minerals Market Outlook Share, 2023 & 2030 (US$K)
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