UK Animal Feed Organic Trace Minerals Market Size & Outlook
UK animal feed organic trace minerals market, 2018-2030 (US$K)
Related Markets
UK animal feed organic trace minerals market highlights
- The UK animal feed organic trace minerals market generated a revenue of USD 13,921.1 thousand in 2023 and is expected to reach USD 20,314.3 thousand by 2030.
- The UK market is expected to grow at a CAGR of 5.5% 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 13,921.1 thousand |
| Market revenue in 2030 | USD 20,314.3 thousand |
| Growth rate | 5.5% (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, UK 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 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 UK 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 UK animal feed organic trace minerals market is shaped by the increasing demand for high-quality animal products and the rising awareness about animal health and nutrition. Examples of organic trace minerals include zinc, iron, copper, and selenium, which are vital for livestock growth, reproduction, and health.
These organic minerals are more bioavailable than their inorganic counterparts, making them more efficient and effective in animal diets. The UK market is also guided by stringent regulations and standards to ensure animal well-being and food safety.
Organizations such as the Department for Environment, Food & Rural Affairs (DEFRA) and the European Union (EU) have set guidelines and regulations that govern animal feed production, processing, and labeling, including organic trace minerals.
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Animal Feed Organic Trace Minerals Market Scope
Animal Feed Organic Trace Minerals Market Companies
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UK animal feed organic trace minerals market size, by product, 2018-2030 (US$K)
UK Animal Feed Organic Trace Minerals Market Outlook Share, 2023 & 2030 (US$K)
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