Animal Nutrition Market Size, Revenue and Growth 2023, Key Players, Future Investments and Forecast Analysis 2030

 

Animal nutrition is concerned with the dietary requirements of animals, primarily those used in agriculture and food production. These nutrients, which comprise macronutrients, vitamins, dietary minerals, enzymes, eubiotics, and amino acids, are crucial for the productive production of meat and milk as well as the healthy development of farm animals. Animal nutrition has numerous applications outside of animal husbandry, including in homes, zoos, animal shelters, and the management of wildlife.

Over the forecast period of 2022–2030, the worldwide animal nutrition market is anticipated to grow at a compound annual growth rate (CAGR) of 6.0%.

 

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Growth Drivers:

The Food and Agriculture Organization of the United Nations estimates that the global meat output in 2017 was above 330 million tonnes. As the world's population has been expanding, there has been a substantial increase in the demand for and consumption of meat and protein during the past few years. The use of animal nutrition in the livestock industry is becoming increasingly important and is anticipated to increase dramatically over the next several years in order to meet this limitless need for meat-based proteins as well as for efficient quality and quantity production.

In 2017, the UN Population Division published a periodic study that projected that there were roughly 1.9 billion children under the age of 15, or 27% of the world's population. A major reason driving the demand for animal nutrition for the effective production of milk around the world is the rising demand for feeding dairy milk to such a population.

However, during the forecast period, it is anticipated that factors such as the high prices associated with animal nutrition products, the rising availability of counterfeit goods, the growing concerns regarding a variety of health-related issues in animals as a result of the consumption of animal nutrition goods, and the existence of a strict approval process will impede the growth of the global animal nutrition market.

 

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Animal Nutrition Market Segmentation:

By Species:

·         Poultry

·         Ruminants

·         Swine

·         Pet

·         Equine

·         Others

 

By Nutrient:

·         Amino Acids

·         Carotenoids

·         Eubiotics

·         Vitamins

·         Enzymes

·         Minerals

·         Lipids

·         Cereals

·         Carbohydrates

·         Others

 

By Application:

·         Farms

·         Households

·         Veterinarians

·         Zoos

·         Animal Shelters

·         Animal Feed Manufacturers

·         Others

 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

 

Key Companies in Animal Nutrition Market:

The research report offers a competitive analysis of prominent companies operating in the global animal nutrition market. Some of the leading players profiled in the market research report include:

·         Jubilant Lie Sciences

·         DSM Company

·         BASF SE

·         Cargill Incorporated

·         Dupont

·         Kemin Industries Inc.

·         Evonik Industries

·         Novozymes

·         Neutreco N.V.

·         Archer-Daniels-Midland Company

·         Other Players

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                                 

                                       

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