Middle East and Africa Feed Mineral Market is estimated to be growing at a CAGR of 5.68%
Middle East and Africa Feed Mineral Market by Type (Macro Minerals - Potassium, Phosphorous, Magnesium, Calcium, and others; Micro Minerals - Zinc, Iron, Copper, and others), by Animal Type and by Region - Industry Analysis, Size, Share, Growth, Trends.
(EMAILWIRE.COM, June 17, 2017 ) The Middle East and Africa Feed Mineral Market was worth $0.29 billion in 2016 and estimated to be growing at a CAGR of 5.68%, to reach $0.39 billion by 2021. Livestock nurturing and the intake of animal products make a vital contribution to the financial and nutritional wellbeing of millions of individuals around the world. Feed Minerals play a prominent role in the global food by ensuring safe, ample and reasonably priced proteins.
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Natural substances such as soil, water and plants contain elements such as minerals which are provided to the animals to maintain their health. They perform several functions such as bone development, controlling acid base balances, muscle contraction, and enzyme stimulation.
The growth of the Middle East and Africa Feed Mineral market is majorly driven by factors such as increasing demand for mineral rich animal meat, increasing disposable income, and growing adoption of scientific methods to increase meat production. Also, another factor which is further expected to increase the intake of feed minerals is the huge demand for high quality meat from the meat processing industry. However, factors such as stringent government rules on the usage of certain minerals and the rising cost of raw materials are impeding the growth of the market in this region.
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The Middle East and Africa Feed Mineral market is segmented based on Type and Animal Type. The market for Feed Mineral, on the basis of Type, is classified into Macro Minerals and Micro Minerals. Macro Minerals are further segmented into Potassium, Phosphorous, Magnesium, and Calcium whereas Micro Minerals are further segmented into Zinc, Iron, and Copper. Macro Minerals lead the Feed Mineral market with more than 80% of the market share. Calcium and potassium are the most used minerals under this category. On the basis of Animal Type, the Feed Mineral market is segmented into Poultry, Aquaculture, Swine, Ruminant, and others. Under this segment, Ruminant leads the market accounting for more than 40% of the market share. However, horse feed minerals is projected to be the fastest growing segment in the others category with a CAGR of 8.3%.
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The market has been geographically segmented into Middle East and Africa. Middle East and Africa is a developing market with vast potential and strong growth rates, due to growing disposable incomes and rising consumption of meat. South Africa leads the Feed Minerals market in this region with a market share of around 25%.
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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.
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Natural substances such as soil, water and plants contain elements such as minerals which are provided to the animals to maintain their health. They perform several functions such as bone development, controlling acid base balances, muscle contraction, and enzyme stimulation.
The growth of the Middle East and Africa Feed Mineral market is majorly driven by factors such as increasing demand for mineral rich animal meat, increasing disposable income, and growing adoption of scientific methods to increase meat production. Also, another factor which is further expected to increase the intake of feed minerals is the huge demand for high quality meat from the meat processing industry. However, factors such as stringent government rules on the usage of certain minerals and the rising cost of raw materials are impeding the growth of the market in this region.
Download Free Sample Report @ http://www.marketdataforecast.com/market-reports/middle-east-and-africa-feed-mineral-market-1125/request-sample
The Middle East and Africa Feed Mineral market is segmented based on Type and Animal Type. The market for Feed Mineral, on the basis of Type, is classified into Macro Minerals and Micro Minerals. Macro Minerals are further segmented into Potassium, Phosphorous, Magnesium, and Calcium whereas Micro Minerals are further segmented into Zinc, Iron, and Copper. Macro Minerals lead the Feed Mineral market with more than 80% of the market share. Calcium and potassium are the most used minerals under this category. On the basis of Animal Type, the Feed Mineral market is segmented into Poultry, Aquaculture, Swine, Ruminant, and others. Under this segment, Ruminant leads the market accounting for more than 40% of the market share. However, horse feed minerals is projected to be the fastest growing segment in the others category with a CAGR of 8.3%.
Avail Discount @ http://www.marketdataforecast.com/market-reports/middle-east-and-africa-feed-mineral-market-1125/request-discount
The market has been geographically segmented into Middle East and Africa. Middle East and Africa is a developing market with vast potential and strong growth rates, due to growing disposable incomes and rising consumption of meat. South Africa leads the Feed Minerals market in this region with a market share of around 25%.
Buy now @ https://www.marketdataforecast.com/cart/buy-now/middle-east-and-africa-feed-mineral-market-1125
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
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results