Latin America Feed Mineral Market is poised to reach USD 0.44 billion by 2021
Latin America Feed Mineral Market by Type (Macro Minerals - Potassium, Phosphorous, Magnesium, Calcium, and others; Micro Minerals - Zinc, Iron, Copper, and others)
(EMAILWIRE.COM, December 27, 2017 ) The Latin America Feed Mineral Market was worth $0.33 billion in 2016 and estimated to be growing at a CAGR of 5.86%, to reach $0.44 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.
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The growth of the Latin America 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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Market Segmentation
• By Type
• Micro Minerals
• By Animal Type
The Latin America market is one of the fastest growing markets for Feed Minerals. Latin America is a developing market with vast potential and strong growth rates, due to growing disposable incomes and rising consumption of meat. Brazil leads the Feed Minerals market in this region with a market share of 30% and is also the fastest growing one in this region.
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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View Full Report @ http://www.marketdataforecast.com/market-reports/latin-america-feed-mineral-market-1124/
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.
Download Free Sample Report @ http://www.marketdataforecast.com/market-reports/latin-america-feed-mineral-market-1124/request-sample
The growth of the Latin America 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.
Buy now @ https://www.marketdataforecast.com/cart/buy-now/latin-america-feed-mineral-market-1124
Market Segmentation
• By Type
• Micro Minerals
• By Animal Type
The Latin America market is one of the fastest growing markets for Feed Minerals. Latin America is a developing market with vast potential and strong growth rates, due to growing disposable incomes and rising consumption of meat. Brazil leads the Feed Minerals market in this region with a market share of 30% and is also the fastest growing one in this region.
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
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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