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North America Feed Mineral Market Size, Share, Growth, Trends, and Forecasts 2016–2021

 



(EMAILWIRE.COM, December 28, 2017 ) According to the report, the North America Feed Mineral Market is published by the Market Data Forecast. The Global Market has been estimated USD 0.86 billion in 2016 and is to be growing at a CAGR of 5.96%, to reach $1.15 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.
Browse Full Report @ http://www.marketdataforecast.com/market-reports/north-america-feed-mineral-market-1121
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.
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The growth of the North America Feed Mineral market is majorly driven by factors such as growing demand for mineral rich animal meat, rising intake of meat, and growing adoption of scientific methods to increase meat production. However, factors such as strict regulations on the usage of certain minerals and rising cost of raw materials are hampering the growth of the market in this region.
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Market Segmentation
• By Type
• Micro Minerals
• By Animal Type
The North America market has been geographically segmented into USA and Canada. North America is the largest market due to the high intake of meat products. The poultry segment is emerging as the principal livestock division for the utilization of feed minerals due to the increase in demand for poultry meat and altering consumer predilections. However, Food Safety bodies in this region are striking a limit on the usage of certain minerals, thereby hampering its growth.
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


Market Data Forecast

Abhishek

+1-888- 702-9626

abhishek@marketdataforecast.com

Source: EmailWire.Com


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