Egypt Animal Feed Organic Trace Minerals Market Outlook (2018 to 2032)
Synopsis
The above chart is Egypt Animal Feed Organic Trace Minerals Market Outlook (2018 to 2032)
Market Dynamics
organic trace minerals (otm) are essential for bodily functions and development of animals, and play a crucial role in maximizing the efficiency of feed for animals and poultry. otm are vital sources of zinc, copper, iron, and selenium which are responsible for healthy growth of animals and disease resistance.
in egypt, the animal feed demand is increasing rapidly, due to the food safety regulations, growing awareness among farmers, and rising per capita meat consumption. this has majorly contributed towards an increase in the adoption of otm in animal feeds, hence, the demand for this product is also increasing, thereby, promoting the needs for organic trace minerals manufacturers.
the egyptian authorities are doing their best to provide safer and healthy animal feed that can produce healthier and stronger animals. in order to fulfil this, national standards have been imposed on the producers of organic feed, offering better safety and nutritional quality. moreover, the ban on the use of antibiotics as growth promoters has also augmented the demand for otm products.
research and development strategies are also used by manufacturers of various otm products, which have attributed to the growth of the market in egypt. however, lack of awareness and stringent regulations have been responsible for the relatively slower growth of this sector.
in the near future, the market will be driven by various new product launches, regional expansion by the existing players, strategically oriented pricing and marketing, and rising consumer awareness regarding the demand for animal feed organic trace minerals.
during the forecast period, 2018-2032, the demand for organic trace minerals market is expected to exhibit a positive trend in the egyptian economy, due to increasing production of livestock and poultry, rising production of animal feed, higher adoption rate of feed additives, and the presence of various global players in this segment.