Middle East & Africa Animal Feed Organic Trace Minerals Market Size & Outlook
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MEA animal feed organic trace minerals market highlights
- The MEA animal feed organic trace minerals market generated a revenue of USD 49.7 thousand in 2023.
- The market is expected to grow at a CAGR of 6.2% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 49.7 thousand |
| Market revenue in 2030 | USD 74.7 thousand |
| Growth rate | 6.2% (CAGR from 2024 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, Others Product |
| 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, MEA region accounted for 6.6% 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 482.4 thousand by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Animal Feed Organic Trace Minerals Market Scope
Animal Feed Organic Trace Minerals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Global Bio-chem Technology Group Co Ltd | View profile | 2154 | 18 Hung Luen Road, Suite 1002, 10th Floor, Tower A, Cheung Kei Center, Hong Kong, Hong Kong | http://www.globalbiochem.com |
| Novus Holdings Ltd | View profile | 1516 | 10 Freedom Way, Marconi Beam, Montague Gardens, Cape Town, WC, South Africa, 7441 | https://www.novus.holdings |
| Kemin Industries | View profile | 1001-5000 | Des Moines, Iowa, United States, North America | http://www.kemin.com |
| Alltech | View profile | 5001-10000 | Nicholasville, Kentucky, United States, North America | http://www.alltech.com/ |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Archer-Daniels Midland Co | View profile | 41802 | 77 West Wacker Drive, Suite 4600, Chicago, IL, United States, 60601 | https://www.adm.com |
| Mercer International Inc | View profile | 3508 | 700 West Pender Street, Suite 1120, Vancouver, BC, Canada, V6C 1G8 | https://www.mercerint.com |
| Koninklijke DSM NV | View profile | 20682 | Het Overloon 1, P.O. Box 6500, Heerlen, LI, Netherlands, 6411 TE | https://www.dsm.com |
MEA animal feed organic trace minerals market size, by country, 2018-2030 (US$K)
Middle East & Africa Animal Feed Organic Trace Minerals Market Outlook Share, 2023 & 2030 (US$K)
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