Canada Animal Feed Micronutrients Market Outlook

animal feed micronutrients represent an important requirement for optimal animal health and overall production. trace elements like zinc, copper, selenium, iodine, cobalt, and iron are necessary for improving feed efficiency and survival rate of animals. with technological and animal nutrition advancements, the micronutrients market in canada is expected to grow significantly in the upcoming years from 2018 to 2032. according to the canadian agri-food trade alliance, canada is the world's fifth-largest feed exporter with 1.8 million tons of animal feed exported in 2014. this number is expected to increase with growing domestic and international demand. the surge in demand is attributed to the increase in environmental regulations, growth in the commercial livestock sector, and the adoption of cutting-edge research in animal nutrition. with the rapid growth of industrial activities harnessing new techniques, the feed industry of canada is facing a steep increase in the prices of micronutrients, which impacts the overall profits significantly. as a result, various sources like industrial biotechnology and geographical diversification are being explored to mitigate the price volatilities. the country is looking to create a diverse array of alternatives from both locally sourced and international sources, to help meet the demand of animal feed micronutrients. the development of the animal feed micronutrients market in canada is being supported by research and innovation. the canadian government has approved the canadian fermentation industries association’s national feed strategy, which aims to increase research into sustainability, safety, quality, and health of canadian livestock. the initiative also focuses on reducing the environmental impact and ensuring alignment with biotechnology and food safety standards. the growing popularity of organic feed production also drives the demand for animal feed micronutrients within canada. organic feed requires diverse sourcing models from local to global markets, and hence the challenges posed by raw material sourcing and prices are addressed through the implementation of diverse sourcing models. on the whole, canada is making conscious efforts to ensure availability of animal feed micronutrients with positive impacts on the livestock industry. the government initiatives in research and development combined with alternatives routed from various sources lead to an overall positive outlook for the canadian animal feed micronutrients market from 2018 to 2032.