all report title image

ANIMAL NUTRITION MARKET ANALYSIS

Animal Nutrition Market, by Species (Poultry, Ruminant, Aquaculture, Swine, and Others), by Product Type (Pet Food, Amino Acids, Carotenoids, Enzymes, Eubiotics, Minerals, Lipids, and Vitamins) and by Region - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

  • To Be Published : Oct 2024
  • Code : CMI1630
  • Formats :
      Excel and PDF
  • Industry : Pharmaceutical

Animal nutrition focuses on dietary needs of animals, chiefly those in food production and agriculture, however also in aquariums, zoos, and wildlife management. Animal nutrition is important for the productivity and health of agricultural animals. Various organizations and programs such as the National Animal Nutrition Program (NANP) serves as a medium to identify high-priority animal nutrition concerns. These organizations offers a systemic and integrated approach to assemble, collect, share, synthesize and publicize science-based information and educational tools on animal nutrition that increases high-priority research among agricultural species. Several governments are implementing systems that redefine the roles of industry and government in delivering safe nutrition to animals. In 2004, the FAO/WHO Codex Alimentarius Commission approved a Code of Practice on Good Animal Feeding. The manual gives complete and updated information and practical guidelines to help producers and stakeholders know about the production and distribution chain to comply with the regulatory framework.

Animal Nutrition Market Dynamics

Growing demand for safe and healthy animal food, restrictions on the use of antibiotics, increasing awareness among producers regarding animal health are major factors driving animal nutrition market growth. Global demand for food of animal origin, including eggs, fish, milk, and meat is also, increasing, in order to provide better nutrition to animals. According to Food and Agriculture Organization, global demand for animal derived-protein will double by 2050. Increasing consumption of animal products and livestock make a crucial contribution to the nutritional and economic wellbeing of millions of people across the globe. There has been an increasing pressure on the livestock sector to meet growing demand for high-value animal protein. Urbanization is a major driving factor supporting demand for livestock products due to improvements in infrastructure, including cold chains, which allow trade in fresh goods. According to Food and Agriculture Organization, in comparison to rural population, city population have a varied diet rich in animal fats and proteins, and characterized by higher consumption of poultry, meat, milk, and other dairy products.

Animal feeds play a primary role in the global food industry, since feed is the most important component to ensure abundant, safe, and affordable animal proteins. Young and growing animals need nutrients to meet the requirements of specific growth stages. They require suitable nutrition for growth and development of organs, muscles, and bones. Nutrient needs of animals also change with age. For instance, older animals may have health problems related to aging, which require diverse nutritional needs such as mineral and vitamin supplements.

Amino acids segment is expected to hold major revenue share in global animal nutrition market, owing to its high protein efficiency content and substitute to feed protein sources. Eubiotics are gaining importance due to their significant application in improving feed digestibility, nutrient absorption, and better animal performance. Eubiotics are biologically active food additives, which contain living microorganisms and (or) their metabolites. Eubiotics are replacing antibiotics for improved health and performance of livestock. Various international players are focusing on production of different types of eubiotics, which can be used for diverse livestock. Increasing consumption of poultry products and growing preference for white meat over red meat is expected to fuel growth of the poultry segment. For instance, according to Global Agricultural Information Network in 2017, broiler production in India increased to 4.5 million tons due to increasing demand from the growing middle class. Rising awareness about the use of cost effective and nutrient rich compound feed will increase demand for poultry nutrition products in emerging countries. However, high price of the associated products is hampering the market growth.

Animal Nutrition Market Regional Insights

Regional segmentation of animal nutrition market by Coherent Market Insights, includes North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America animal nutrition market is expected to hold a dominant position over the forecast period, due to well-established animal nutrition infrastructure and huge consumption of animal products. Asia Pacific animal nutrition market is expected to exhibit significant growth, owing to high market opportunities in the animal feed industry such as Eubiotics and increase in concerns toward disease outbreak in livestock.

Animal Nutrition Market Competitive Analysis

Major players operating in the animal nutrition market include Archer-Daniels-Midland Company, Adisseo France SAS, Alltech, BASF SE, Cargill Inc., Dow Chemical Company, DuPont, Evonik Industries AG, Tata Chemicals, Novozymes A/S, Royal DSM N.V., Kemin Industries, Inc., and Nutreco N.V. Companies are focusing on offering natural and wholesome food products in order to cater to increasing consumer demand for these. For instance, in 2017, Cargill Inc. entered into an agreement to acquire Diamond V, a provider of innovative natural solutions that improve animal health, performance, and food safety. The industry players are also expanding geographically, in order to gain large market share. In 2017, Cargill acquired Astral Foods’ share in premix and nutrition business, to expand in Sub-Saharan Africa (SSA).

Animal Nutrition Market Taxonomy

On the basis of species, the animal nutrition market is segmented into:

  • Poultry
  • Ruminant
  • Aquaculture
  • Swine
  • Others

On the basis of product type, the animal nutrition market is segmented into:

  • Pet Food
  • Amino Acids
  • Carotenoids
  • Enzymes
  • Eubiotics
  • Minerals
  • Lipids
  • Vitamins

On the basis of region, the animal nutrition market is segmented into:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Share

About Author

Ghanshyam Shrivastava

Ghanshyam Shrivastava - With over 20 years of experience in the management consulting and research, Ghanshyam Shrivastava serves as a Principal Consultant, bringing extensive expertise in biologics and biosimilars. His primary expertise lies in areas such as market entry and expansion strategy, competitive intelligence, and strategic transformation across diversified portfolio of various drugs used for different therapeutic category and APIs. He excels at identifying key challenges faced by clients and providing robust solutions to enhance their strategic decision-making capabilities. His comprehensive understanding of the market ensures valuable contributions to research reports and business decisions.

Ghanshyam is a sought-after speaker at industry conferences and contributes to various publications on pharma industry.

Missing comfort of reading report in your local language? Find your preferred language :

Logo

Credibility and Certifications

ESOMAR
DUNS Registered

860519526

Clutch
Credibility and Certification
Credibility and Certification

9001:2015

Credibility and Certification

27001:2022

Logo

Credibility and Certifications

ESOMAR
DUNS Registered

860519526

Clutch
Credibility and Certification
Credibility and Certification

9001:2015

Credibility and Certification

27001:2022

Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Customize Now

Select a License Type





Logo

Credibility and Certifications

ESOMAR
DUNS Registered

860519526

Clutch
Credibility and Certification
Credibility and Certification

9001:2015

Credibility and Certification

27001:2022

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo
© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.