Trace Minerals in Feed Market Growth Report | 2021 to 2031
The Trace Minerals in Feed Market is expected to register a CAGR of 5% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The trace minerals in feed market report is segmented by type (zinc, cobalt, iron, copper, and others). The market is segmented based on form (dry and liquid). The market is segmented based on livestock (poultry, ruminants, swine, aquaculture, and others). The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Trace Minerals in Feed Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Trace Minerals in Feed Market Segmentation
Type- Zinc
- Cobalt
- Iron
- Copper
- Dry and Liquid
- Poultry
- Ruminants
- Swine
- Aquaculture
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Trace Minerals in Feed Market Growth Drivers- Increased Animal Protein Demand: With population growth, demand rises for animal-based protein sources, including meat, eggs, and dairy. The livestock keeping is spreading with this increase, creating a growing offer of high-quality animal feed. Among its critical constituents are trace minerals like zinc, copper, manganese, and selenium, all referred to in the milling and feeding for livestock, because they are reached by the biological needs of livestock, and are essential to the livestock growth, development, and health status. These minerals importantly improve feed efficiency, immunity, and reproductive health, and thus are included in modern nutrient portfolios in animal nutrition.
- Focus on Animal Health and Disease Prevention: Animal health has always been the uppermost concern of farmers and the livestock industry. Trace minerals have been proven to benefit animal health in the enhancement of immune function as well as prevention of metabolic disorders and improvement in resistance to diseases. With diseases and infections rampant nowadays affecting livestock, there's a strong realization on the significance of adding trace minerals into the diet of the animals to boost their immune systems and cut down on antibiotics, whereby the productivity of livestock has generally increased. This is all in the name of moving from curative medicine into prevention and disease management.
- Densification of Livestock Production: The trend in the world is towards intensification of livestock farming-husbanding animals in controlled environments yet with sufficiently high outputs. These have been making animal feed needs for nutritionally heightened supplements. Production systems in intensive farming practices normally give rise to nutrient imbalances, which have caused trace minerals to be supplemented in animal feeds to facilitate best growth, reproduction, and productivity. Factory farming and larger-scale production establishments have increased the need for trace minerals to promote animal health and productivity.
- Investigating and Acting upon Trends in Sustainable and Natural Origins: In light of rising concerns for the environment, there has been an increasing craving for feed ingredients coming from sustainable and natural sources. Livestock farmers and feed manufacturers are putting great emphasis to try to reduce their contributions to the damage caused to the environment. Such trends include a growing interest in sourcing trace minerals from sustainable, otherwise environmentally friendly sources other than the traditional minerals. Moreover, according to consumers, they should have access to natural, synthetic trace mineral products. Consequently, feed manufacturers are looking for bio-based and environmentally friendly alternatives to trace mineral supplementation such as plant-based or algae-derived sources of trace minerals to lessen the carbon footprint of animal feeds.
- Precision Nutrition and Individualized Feeding in Animal Agriculture: Exactly Right Nutrition, Individualized Feeds- the latest in animal nutrition technology is paving the way for perfect feeding, wherein diets can also be formulated appropriately according to individual animal needs or production systems, and this includes the precise formulation of trace minerals according to age, weight, breed, and production stage (growth, reproduction, or lactation). Hence, as livestock producers are moving to more personalized alternatives of feeding, the demand for precision minerals will be rising and focused more on the actual incorporation of definite nutrients for better feed efficiency and livestock health.
- Utilization of Chelated Minerals in Animal Nutrition: The trend to use chelated minerals—that is, trace minerals bound to organic molecules for improved bioavailability-in animal feed would continue growth. Chelated minerals are easily absorbed and utilized and hence their administration leads to improvement in animals' health status and feed efficiency. This also affects intensively raised animals, which are often unable to obtain sufficient amounts of minerals from conventional feed. The developing livestock production systems would also require chelated trace minerals as increased focus is given to the intensification of livestock production with accompanying waste minimization.
- Emerging Economies Increasing Demand: The trace minerals in feed markets have been experiencing accelerated growth in the emerging economies of Asia Pacific and Latin America as well as among parts of Africa. The emerging economy increases the demand for meat, dairy, and other animal products as income rapidly increases; hence, trace minerals increase demand for animal productivity and health. New market opportunities would be available for feed manufacturers, providing novel approaches for cost-effective incorporation of trace mineral products to meet local farming practices.
- Demand for Aquaculture Growth: The affinity shown by an ever-increasing population towards seafood drives aquaculture, making it one of the fastest-growing segments of the industry. Just like any other animal, fish is dependent on trace minerals for growth, immunity, and reproduction. However, the growing demand for aquaculture production has also resulted in an increase of trace minerals in fish feed. This gives room for innovations in creating products that will suit the particular nutritional needs of aquatics, such as high bioavailability minerals for fish and shellfishes.
- Increase Organic and Non-GMO Feed: Given the consumer preference for organic and non-GMO animal products, there is a growing demand for organic and non-GMO feed ingredients for farm animals. Such interests include trace minerals found natural, organic, and non-GMO sources from farmers who want to meet the expressed needs of consumers for cleaner, more sustainable animal products. By offering such trace minerals certified as organic or non-GMO, feed manufacturers can respond to this market segment and surf the wave of growth that is saturating organic and sustainable agriculture.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Trace Minerals in Feed Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Trace Minerals in Feed Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Precision nutrition and customized feed are expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the trace minerals in feed market due to the strong growth of the animal feed industry in the region.
Based on type, the iron segment is expected to witness the fastest growth during the forecast period.
Focus on animal health and disease prevention are driving the market growth.
Alltech, ADM, BASF SE, Nutreco N.V., Kemin Industrie Inc, NOVUS INTERNATIONAL, Orffa, Zinpro Corp, Cargill Incorporated, and DR. ECKEL ANIMAL NUTRITION GMBH and CO. KG are the key players operating in the trace minerals in feed market.
The Trace Minerals in Feed Market is estimated to witness a CAGR of 5% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Trace Minerals In Feed Market - By Type
1.3.2 Trace Minerals In Feed Market - By Livestock
1.3.3 Trace Minerals In Feed Market - By Chelate Type
1.3.4 Trace Minerals In Feed Market - By Form
1.3.5 Trace Minerals In Feed Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TRACE MINERALS IN FEED MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. TRACE MINERALS IN FEED MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. TRACE MINERALS IN FEED MARKET - GLOBAL MARKET ANALYSIS
6.1. TRACE MINERALS IN FEED - GLOBAL MARKET OVERVIEW
6.2. TRACE MINERALS IN FEED - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TRACE MINERALS IN FEED MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ZINC
7.3.1. Overview
7.3.2. Zinc Market Forecast and Analysis
7.4. COPPER
7.4.1. Overview
7.4.2. Copper Market Forecast and Analysis
7.5. COBALT
7.5.1. Overview
7.5.2. Cobalt Market Forecast and Analysis
7.6. MANGANESE
7.6.1. Overview
7.6.2. Manganese Market Forecast and Analysis
7.7. OTHER
7.7.1. Overview
7.7.2. Other Market Forecast and Analysis
8. TRACE MINERALS IN FEED MARKET - REVENUE AND FORECASTS TO 2028 - LIVESTOCK
8.1. OVERVIEW
8.2. LIVESTOCK MARKET FORECASTS AND ANALYSIS
8.3. POULTRY
8.3.1. Overview
8.3.2. Poultry Market Forecast and Analysis
8.4. RUMINANT
8.4.1. Overview
8.4.2. Ruminant Market Forecast and Analysis
8.5. SWINE
8.5.1. Overview
8.5.2. Swine Market Forecast and Analysis
8.6. AQUACULTURE
8.6.1. Overview
8.6.2. Aquaculture Market Forecast and Analysis
8.7. OTHER
8.7.1. Overview
8.7.2. Other Market Forecast and Analysis
9. TRACE MINERALS IN FEED MARKET - REVENUE AND FORECASTS TO 2028 - CHELATE TYPE
9.1. OVERVIEW
9.2. CHELATE TYPE MARKET FORECASTS AND ANALYSIS
9.3. AMINO ACIDS
9.3.1. Overview
9.3.2. Amino Acids Market Forecast and Analysis
9.4. PROTEINATES
9.4.1. Overview
9.4.2. Proteinates Market Forecast and Analysis
9.5. POLYSACCHARIDES
9.5.1. Overview
9.5.2. Polysaccharides Market Forecast and Analysis
9.6. OTHER
9.6.1. Overview
9.6.2. Other Market Forecast and Analysis
10. TRACE MINERALS IN FEED MARKET - REVENUE AND FORECASTS TO 2028 - FORM
10.1. OVERVIEW
10.2. FORM MARKET FORECASTS AND ANALYSIS
10.3. DRY
10.3.1. Overview
10.3.2. Dry Market Forecast and Analysis
10.4. LIQUID
10.4.1. Overview
10.4.2. Liquid Market Forecast and Analysis
11. TRACE MINERALS IN FEED MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Trace Minerals In Feed Market Overview
11.1.2 North America Trace Minerals In Feed Market Forecasts and Analysis
11.1.3 North America Trace Minerals In Feed Market Forecasts and Analysis - By Type
11.1.4 North America Trace Minerals In Feed Market Forecasts and Analysis - By Livestock
11.1.5 North America Trace Minerals In Feed Market Forecasts and Analysis - By Chelate Type
11.1.6 North America Trace Minerals In Feed Market Forecasts and Analysis - By Form
11.1.7 North America Trace Minerals In Feed Market Forecasts and Analysis - By Countries
11.1.7.1 United States Trace Minerals In Feed Market
11.1.7.1.1 United States Trace Minerals In Feed Market by Type
11.1.7.1.2 United States Trace Minerals In Feed Market by Livestock
11.1.7.1.3 United States Trace Minerals In Feed Market by Chelate Type
11.1.7.1.4 United States Trace Minerals In Feed Market by Form
11.1.7.2 Canada Trace Minerals In Feed Market
11.1.7.2.1 Canada Trace Minerals In Feed Market by Type
11.1.7.2.2 Canada Trace Minerals In Feed Market by Livestock
11.1.7.2.3 Canada Trace Minerals In Feed Market by Chelate Type
11.1.7.2.4 Canada Trace Minerals In Feed Market by Form
11.1.7.3 Mexico Trace Minerals In Feed Market
11.1.7.3.1 Mexico Trace Minerals In Feed Market by Type
11.1.7.3.2 Mexico Trace Minerals In Feed Market by Livestock
11.1.7.3.3 Mexico Trace Minerals In Feed Market by Chelate Type
11.1.7.3.4 Mexico Trace Minerals In Feed Market by Form
11.2. EUROPE
11.2.1 Europe Trace Minerals In Feed Market Overview
11.2.2 Europe Trace Minerals In Feed Market Forecasts and Analysis
11.2.3 Europe Trace Minerals In Feed Market Forecasts and Analysis - By Type
11.2.4 Europe Trace Minerals In Feed Market Forecasts and Analysis - By Livestock
11.2.5 Europe Trace Minerals In Feed Market Forecasts and Analysis - By Chelate Type
11.2.6 Europe Trace Minerals In Feed Market Forecasts and Analysis - By Form
11.2.7 Europe Trace Minerals In Feed Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Trace Minerals In Feed Market
11.2.7.1.1 Germany Trace Minerals In Feed Market by Type
11.2.7.1.2 Germany Trace Minerals In Feed Market by Livestock
11.2.7.1.3 Germany Trace Minerals In Feed Market by Chelate Type
11.2.7.1.4 Germany Trace Minerals In Feed Market by Form
11.2.7.2 France Trace Minerals In Feed Market
11.2.7.2.1 France Trace Minerals In Feed Market by Type
11.2.7.2.2 France Trace Minerals In Feed Market by Livestock
11.2.7.2.3 France Trace Minerals In Feed Market by Chelate Type
11.2.7.2.4 France Trace Minerals In Feed Market by Form
11.2.7.3 Italy Trace Minerals In Feed Market
11.2.7.3.1 Italy Trace Minerals In Feed Market by Type
11.2.7.3.2 Italy Trace Minerals In Feed Market by Livestock
11.2.7.3.3 Italy Trace Minerals In Feed Market by Chelate Type
11.2.7.3.4 Italy Trace Minerals In Feed Market by Form
11.2.7.4 United Kingdom Trace Minerals In Feed Market
11.2.7.4.1 United Kingdom Trace Minerals In Feed Market by Type
11.2.7.4.2 United Kingdom Trace Minerals In Feed Market by Livestock
11.2.7.4.3 United Kingdom Trace Minerals In Feed Market by Chelate Type
11.2.7.4.4 United Kingdom Trace Minerals In Feed Market by Form
11.2.7.5 Russia Trace Minerals In Feed Market
11.2.7.5.1 Russia Trace Minerals In Feed Market by Type
11.2.7.5.2 Russia Trace Minerals In Feed Market by Livestock
11.2.7.5.3 Russia Trace Minerals In Feed Market by Chelate Type
11.2.7.5.4 Russia Trace Minerals In Feed Market by Form
11.2.7.6 Rest of Europe Trace Minerals In Feed Market
11.2.7.6.1 Rest of Europe Trace Minerals In Feed Market by Type
11.2.7.6.2 Rest of Europe Trace Minerals In Feed Market by Livestock
11.2.7.6.3 Rest of Europe Trace Minerals In Feed Market by Chelate Type
11.2.7.6.4 Rest of Europe Trace Minerals In Feed Market by Form
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Trace Minerals In Feed Market Overview
11.3.2 Asia-Pacific Trace Minerals In Feed Market Forecasts and Analysis
11.3.3 Asia-Pacific Trace Minerals In Feed Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Trace Minerals In Feed Market Forecasts and Analysis - By Livestock
11.3.5 Asia-Pacific Trace Minerals In Feed Market Forecasts and Analysis - By Chelate Type
11.3.6 Asia-Pacific Trace Minerals In Feed Market Forecasts and Analysis - By Form
11.3.7 Asia-Pacific Trace Minerals In Feed Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Trace Minerals In Feed Market
11.3.7.1.1 Australia Trace Minerals In Feed Market by Type
11.3.7.1.2 Australia Trace Minerals In Feed Market by Livestock
11.3.7.1.3 Australia Trace Minerals In Feed Market by Chelate Type
11.3.7.1.4 Australia Trace Minerals In Feed Market by Form
11.3.7.2 China Trace Minerals In Feed Market
11.3.7.2.1 China Trace Minerals In Feed Market by Type
11.3.7.2.2 China Trace Minerals In Feed Market by Livestock
11.3.7.2.3 China Trace Minerals In Feed Market by Chelate Type
11.3.7.2.4 China Trace Minerals In Feed Market by Form
11.3.7.3 India Trace Minerals In Feed Market
11.3.7.3.1 India Trace Minerals In Feed Market by Type
11.3.7.3.2 India Trace Minerals In Feed Market by Livestock
11.3.7.3.3 India Trace Minerals In Feed Market by Chelate Type
11.3.7.3.4 India Trace Minerals In Feed Market by Form
11.3.7.4 Japan Trace Minerals In Feed Market
11.3.7.4.1 Japan Trace Minerals In Feed Market by Type
11.3.7.4.2 Japan Trace Minerals In Feed Market by Livestock
11.3.7.4.3 Japan Trace Minerals In Feed Market by Chelate Type
11.3.7.4.4 Japan Trace Minerals In Feed Market by Form
11.3.7.5 South Korea Trace Minerals In Feed Market
11.3.7.5.1 South Korea Trace Minerals In Feed Market by Type
11.3.7.5.2 South Korea Trace Minerals In Feed Market by Livestock
11.3.7.5.3 South Korea Trace Minerals In Feed Market by Chelate Type
11.3.7.5.4 South Korea Trace Minerals In Feed Market by Form
11.3.7.6 Rest of Asia-Pacific Trace Minerals In Feed Market
11.3.7.6.1 Rest of Asia-Pacific Trace Minerals In Feed Market by Type
11.3.7.6.2 Rest of Asia-Pacific Trace Minerals In Feed Market by Livestock
11.3.7.6.3 Rest of Asia-Pacific Trace Minerals In Feed Market by Chelate Type
11.3.7.6.4 Rest of Asia-Pacific Trace Minerals In Feed Market by Form
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Trace Minerals In Feed Market Overview
11.4.2 Middle East and Africa Trace Minerals In Feed Market Forecasts and Analysis
11.4.3 Middle East and Africa Trace Minerals In Feed Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Trace Minerals In Feed Market Forecasts and Analysis - By Livestock
11.4.5 Middle East and Africa Trace Minerals In Feed Market Forecasts and Analysis - By Chelate Type
11.4.6 Middle East and Africa Trace Minerals In Feed Market Forecasts and Analysis - By Form
11.4.7 Middle East and Africa Trace Minerals In Feed Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Trace Minerals In Feed Market
11.4.7.1.1 South Africa Trace Minerals In Feed Market by Type
11.4.7.1.2 South Africa Trace Minerals In Feed Market by Livestock
11.4.7.1.3 South Africa Trace Minerals In Feed Market by Chelate Type
11.4.7.1.4 South Africa Trace Minerals In Feed Market by Form
11.4.7.2 Saudi Arabia Trace Minerals In Feed Market
11.4.7.2.1 Saudi Arabia Trace Minerals In Feed Market by Type
11.4.7.2.2 Saudi Arabia Trace Minerals In Feed Market by Livestock
11.4.7.2.3 Saudi Arabia Trace Minerals In Feed Market by Chelate Type
11.4.7.2.4 Saudi Arabia Trace Minerals In Feed Market by Form
11.4.7.3 U.A.E Trace Minerals In Feed Market
11.4.7.3.1 U.A.E Trace Minerals In Feed Market by Type
11.4.7.3.2 U.A.E Trace Minerals In Feed Market by Livestock
11.4.7.3.3 U.A.E Trace Minerals In Feed Market by Chelate Type
11.4.7.3.4 U.A.E Trace Minerals In Feed Market by Form
11.4.7.4 Rest of Middle East and Africa Trace Minerals In Feed Market
11.4.7.4.1 Rest of Middle East and Africa Trace Minerals In Feed Market by Type
11.4.7.4.2 Rest of Middle East and Africa Trace Minerals In Feed Market by Livestock
11.4.7.4.3 Rest of Middle East and Africa Trace Minerals In Feed Market by Chelate Type
11.4.7.4.4 Rest of Middle East and Africa Trace Minerals In Feed Market by Form
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Trace Minerals In Feed Market Overview
11.5.2 South and Central America Trace Minerals In Feed Market Forecasts and Analysis
11.5.3 South and Central America Trace Minerals In Feed Market Forecasts and Analysis - By Type
11.5.4 South and Central America Trace Minerals In Feed Market Forecasts and Analysis - By Livestock
11.5.5 South and Central America Trace Minerals In Feed Market Forecasts and Analysis - By Chelate Type
11.5.6 South and Central America Trace Minerals In Feed Market Forecasts and Analysis - By Form
11.5.7 South and Central America Trace Minerals In Feed Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Trace Minerals In Feed Market
11.5.7.1.1 Brazil Trace Minerals In Feed Market by Type
11.5.7.1.2 Brazil Trace Minerals In Feed Market by Livestock
11.5.7.1.3 Brazil Trace Minerals In Feed Market by Chelate Type
11.5.7.1.4 Brazil Trace Minerals In Feed Market by Form
11.5.7.2 Argentina Trace Minerals In Feed Market
11.5.7.2.1 Argentina Trace Minerals In Feed Market by Type
11.5.7.2.2 Argentina Trace Minerals In Feed Market by Livestock
11.5.7.2.3 Argentina Trace Minerals In Feed Market by Chelate Type
11.5.7.2.4 Argentina Trace Minerals In Feed Market by Form
11.5.7.3 Rest of South and Central America Trace Minerals In Feed Market
11.5.7.3.1 Rest of South and Central America Trace Minerals In Feed Market by Type
11.5.7.3.2 Rest of South and Central America Trace Minerals In Feed Market by Livestock
11.5.7.3.3 Rest of South and Central America Trace Minerals In Feed Market by Chelate Type
11.5.7.3.4 Rest of South and Central America Trace Minerals In Feed Market by Form
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. TRACE MINERALS IN FEED MARKET, KEY COMPANY PROFILES
13.1. ALLTECH
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. ARCHER-DANIELS-MIDLAND COMPANY
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. BASF SE
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. BLUESTAR ADISSEO CO., LTD
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. CARGILL, INCORPORATED
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. KONINKLIJKE DSM N.V.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. NOVUS INTERNATIONAL
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. NUTRECO N.V.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. ORFFA
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. ZINPRO
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Alltech
2. Archer-Daniels-Midland Company
3. BASF SE
4. Bluestar Adisseo Co., Ltd
5. Cargill, Incorporated
6. Koninklijke DSM N.V.
7. Novus International
8. Nutreco N.V.
9. Orffa
10. Zinpro
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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