Mexico Animal Feed Organic Trace Minerals Market Size & Outlook
Mexico animal feed organic trace minerals market, 2018-2030 (US$K)
Related Markets
Mexico animal feed organic trace minerals market highlights
- The Mexico animal feed organic trace minerals market generated a revenue of USD 8,917.6 thousand in 2023 and is expected to reach USD 13,356.9 thousand by 2030.
- The Mexico market is expected to grow at a CAGR of 5.9% 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 8,917.6 thousand |
| Market revenue in 2030 | USD 13,356.9 thousand |
| Growth rate | 5.9% (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, Mexico accounted for 1.6% 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 North America, U.S. animal feed organic trace minerals market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 151,886.4 thousand by 2030.
Zinc was the largest segment with a revenue share of 37.6% in 2023. Horizon Databook has segmented the Mexico 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 Mexico animal feed organic trace minerals market is experiencing significant growth, due to the increasing demand for meat and dairy products, which, in turn, is driven by the growing population and rising income levels.
Key players in this market are focusing on innovative products that are efficient and environmentally sustainable. For example, companies like Alltech and Novus International are leading the way in providing organic trace minerals such as zinc, copper, manganese, and selenium.
The use of these advanced nutritional products in poultry, swine, and ruminant diets not only enhances animal health and productivity but also plays a crucial role in addressing consumer concerns about the quality and safety of meat and dairy products.
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Animal Feed Organic Trace Minerals Market Scope
Animal Feed Organic Trace Minerals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico animal feed organic trace minerals market size, by product, 2018-2030 (US$K)
Mexico Animal Feed Organic Trace Minerals Market Outlook Share, 2023 & 2030 (US$K)
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