Spain Animal Feed Organic Trace Minerals Market Size & Outlook
Related Markets
Spain animal feed organic trace minerals market highlights
- The Spain animal feed organic trace minerals market generated a revenue of USD 19.1 thousand in 2023 and is expected to reach USD 33.2 thousand by 2030.
- The Spain market is expected to grow at a CAGR of 8.5% 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 19.1 thousand |
| Market revenue in 2030 | USD 33.2 thousand |
| Growth rate | 8.5% (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, Spain 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 33.2 thousand by 2030.
Zinc was the largest segment with a revenue share of 35.08% in 2023. Horizon Databook has segmented the Spain 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.
Spain is the largest producer of compound animal feed in Europe. As of 2021, it produced over 25.56 million tons of compound feed. Integration between feed manufacturers and slaughter companies, an uncomplicated supply chain, and strong exports are some of the key factors driving the market in Spain.
As this country relies on imports of raw feed materials, the local supply crisis has not had a drastic effect on the industry here, as compared to other markets such as the UK or Germany, which depend on local raw material suppliers.
Growing awareness about the importance of including organic trace minerals such as iron and zinc in animal feed has been the primary driver of the market in this country. Copper is particularly important to newborn and pregnant animals.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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 |
Spain animal feed organic trace minerals market size, by application, 2018-2030 (US$K)
Spain Animal Feed Organic Trace Minerals Market Outlook Share, 2023 & 2030 (US$K)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
