Type segments performance in the global organic trace minerals for animal feed market

The global organic trace minerals for animal feed market is expected to grow at a CAGR of 5.96% during the forecast period. Based on the type, the global organic trace minerals for animal feed market has been segmented into poultry, swine, ruminants, and others.

A major market driver is a growing demand for poultry meat globally. Poultry is segmented into broilers, which are used to produce poultry meat; and layers, which are used to produce eggs. Based on purpose, each segment of poultry has a specific feed as the requirements of nutrients depends on the purpose for which poultry is utilized. Apart from broilers and layers, organic trace minerals are also used in feeds for broiler breeding.

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With the increase in demand for poultry meat and eggs, breeders are giving equal importance towards the health of these animals for better and efficient productivity. Some of the widely used organic trace minerals for poultry feed are zinc, manganese, copper, lysine, and iron. The organic trace minerals market for poultry is growing in emerging countries in APAC as also in the US as poultry products are being perceived as cost-effective sources of protein. Hence, the poultry segment of the global organic trace minerals for animal feed market is expected to grow during the forecast period.