Mexico Animal Feed Organic Trace Minerals Market Size & Outlook
Related Markets
Mexico animal feed organic trace minerals market highlights
- The Mexico animal feed organic trace minerals market generated a revenue of USD 13.4 thousand in 2023 and is expected to reach USD 21.3 thousand by 2030.
- The Mexico market is expected to grow at a CAGR of 7.1% 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 13.4 thousand |
| Market revenue in 2030 | USD 21.3 thousand |
| Growth rate | 7.1% (CAGR from 2024 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, Others Product |
| 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 1.8% 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 242.1 thousand by 2030.
Zinc was the largest segment with a revenue share of 35.07% in 2023. Horizon Databook has segmented the Mexico animal feed organic trace minerals market based on zinc, iron, copper, selenium, others product 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 |
|---|---|---|---|---|
| Global Bio-chem Technology Group Co Ltd | View profile | 2154 | 18 Hung Luen Road, Suite 1002, 10th Floor, Tower A, Cheung Kei Center, Hong Kong, Hong Kong | http://www.globalbiochem.com |
| Novus Holdings Ltd | View profile | 1516 | 10 Freedom Way, Marconi Beam, Montague Gardens, Cape Town, WC, South Africa, 7441 | https://www.novus.holdings |
| Kemin Industries | View profile | 1001-5000 | Des Moines, Iowa, United States, North America | http://www.kemin.com |
| Alltech | View profile | 5001-10000 | Nicholasville, Kentucky, United States, North America | http://www.alltech.com/ |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Archer-Daniels Midland Co | View profile | 41802 | 77 West Wacker Drive, Suite 4600, Chicago, IL, United States, 60601 | https://www.adm.com |
| Mercer International Inc | View profile | 3508 | 700 West Pender Street, Suite 1120, Vancouver, BC, Canada, V6C 1G8 | https://www.mercerint.com |
| Koninklijke DSM NV | View profile | 20682 | Het Overloon 1, P.O. Box 6500, Heerlen, LI, Netherlands, 6411 TE | https://www.dsm.com |
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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