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DUBLIN , Sept. 25, 2023 /PRNewswire/ -- The "Global Trace Minerals in Feed Market 2023-2028 by Mineral, Chelate, Source, Form, Livestock, and Geography, Competitive Analysis, Impact of Covid-19 and Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering. Sources Of Minerals For Animals
The global trace minerals in feed market is poised for remarkable growth, with an estimated value of USD 470.56 million in 2023 and a projected value of USD 606.31 million by 2028, reflecting a strong Compound Annual Growth Rate (CAGR) of 5.2%.
Elevating Animal Health and Nutrition
Trace minerals, including zinc, copper, iron, manganese, selenium, and others, play a pivotal role in maintaining the health and productivity of animals. These essential nutrients, required in small quantities, have a significant impact on the overall well-being of livestock and poultry.
The global trace minerals in feed market has witnessed substantial growth, driven by the increasing demand for high-quality animal products, heightened awareness of animal nutrition, and the pressing need to combat mineral deficiencies in animal diets.
The Vital Role of Trace Minerals: Trace minerals are indispensable for various physiological functions in animals, such as enzyme activation, hormone synthesis, immune response, and growth regulation. Deficiencies in trace minerals can lead to health issues like reduced fertility, impaired growth, weakened immune systems, and decreased feed efficiency.
As a result, livestock and poultry producers are increasingly integrating trace mineral supplements into animal diets to ensure optimal health and performance.
Market Drivers: The global trace minerals in feed market is influenced by several factors:
This comprehensive report offers valuable insights into the Global Trace Minerals in Feed Market:
Estimated Market Value (USD) in 2023
Forecasted Market Value (USD) by 2028
For more information about this report visit https://www.researchandmarkets.com/r/5sudn
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