The Asia-Pacific Feed Mineral Market was worth $0.72 billion in 2016 and estimated to be growing at a CAGR of 7.32%, to reach $1.03 billion by 2021. Minerals are supplements comprised in the animal feeds for ideal growth, development, general well-being and deterrence of illnesses in the livestock.
Vital trace elements and minerals that are not sufficiently generated in the body need to be added to the feeds externally for enhanced quality of animal derived products. They accomplish several tasks such as bone development, controlling acid base balances, muscle contraction, and enzyme stimulation.
Download Free Sample Report @ http://www.marketdataforecast.com/market-reports/asia-pacific-feed-mineral-market-1123/request-sample
The growth of the Asia-Pacific Feed Mineral market is majorly driven by factors such as growing urbanization, rising intake of meat, growing population, and increasing disposable income. However, factors such as volatile economies, strict regulatory bodies, and rising cost of raw materials are obstructing the growth of the market in this region.
- By Type
- Macro Minerals
- Micro Minerals
- By Animal Type
The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. There is huge scope for potential growth of the market in this region with rising demand for Feed Minerals. The ruminant feed minerals segment is growing at the highest CAGR in the Asia-Pacific region. Emerging countries in this region offer a huge platform for growth of new players with innovative and precise animal feeds.
The major players in the market are fixated on broadening their distribution networks to cater to the wider market. Investment in the production process is another tactic adopted by the manufacturers to decrease the expenses incurred. The major companies dominating the Feed Mineral market in this region are Royal DSM, Cargill Inc., Nutreco NV, Archer Daniels Midland, and Tanke Biosciences Corp.
About Market Data Forecast:
The publisher of this report is Market Data Forecast whose forte lies in Market research and Business Intelligence. Handling both individual and corporate clients across multiple business domains they offer syndicated/customized research to suit the client’s research objective. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering Global among other regions of the global market as well. For more info kindly visit, www.marketdataforecast.com
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail: [email protected]
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.