Animal nutrition is the process by which animals consume food to ensure proper health and support life processes. Animal nutrition provides energy to animals that help them to keep their immune system healthy. Amino acids or proteins are one of the essential nutrients that are used to provide them with more energy and increase their efficiency. Also, these amino acids are available at reasonable prices, which further increase the market for these types of products.
Emerging biochemical industry and increasing demand for eco-friendly solutions that would help to improve bio-based chemicals are expected to boost the market growth. Manufacturers are investing in the animal feed industry, which leads to the opportunity for other nutrients, such as minerals, organic acids, and fibers.
The major factor that drives the market growth includes the increased demand for health and safety of pet food and increasing awareness among people. Growing consumer demand, investments by manufacturers in the field of pet nutrition and growing concern for the environment for the sustainable future are some of the other factors contributing to the growth of the market. On the other hand, the high cost of the chemicals and the modified nutritious food is the major reason hampering the market growth.
Growing cases of diseases such as Porcine Epidemic Diarrhea Virus and Bovine Spongiform Encephalopathy are encouraging farmers to use a better quality of forage for livestock animals, which is leading to the growth of enzyme consumption. Vitamin B and Vitamin E are commonly consumed vitamin type in animal feed. Vitamin supplements are necessary for all kinds of livestock in animal feed, which has fuelled the animal feed vitamin market. An increase in demand due to disease outbreak among pet and livestock animals, which reduces the quality of meat, is contributing to the growth of the animal feed vitamin market globally.
Based on region, the global animal nutrition market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America and Asia-Pacific region consume a high amount of amino acids due to the low cost of production and high availability. In Asia, consumption of the animal product is increasing due to increasing health concerns among the meat eaters.
Livestock production is vastly growing market in China from last few decades that is mainly due to significant growth of poultry and pig industries. In future, there will be more challenges that will be encountered to meet an increasing demand for the animal protein products in developing countries. Hence, there is a requirement for innovation of new technologies in livestock production to ensure the stability of the global economy and global food security.
Neovia acquired Agranix Company, to strengthen company’s product and solution portfolio. H.I.G Capital acquires Bigsal animal nutrition in 2017, which has enabled the company to grow as leading animal nutritional supplement provider in Brazil. U.S. Foods is going to acquire First class foods; this acquisition will expand its service better to customers in Southern California.
This report provides analysis of the animal nutrition market that contains current industry trends, market size, market growth and demands, major players with their key strategies. It covers growth opportunities and market canvas in the coming years. The report has been made with an in-depth analysis along with inputs from the various industry experts. The research has been carried out with primary and secondary data sources and either supporting bottom-up or top-down approach.
Key major players are Nutreco N.V., Archer-Daniels-Midland, Kemin Industries, Royal DSM, Alltech, DuPont, BASF, Cargill, Dow Chemical, Novozymes and Evonik Industries among others.
Global Composite Testing Market Segmentation:
•Others ( Vacuum salts, organic food and carotenoids)
•Animal Food Manufacturers
•Others (Aquaculture, domestic animal feed)
•North America (U.S and Canada and rest of North America)
•Europe (Germany, France, Italy and Rest of Europe)
•Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
•LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and Rest of LAMEA)