Allied Market Research

2024

Animal Nutrition Market

Animal Nutrition Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type, by Species and by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

FB : Agriculture & Agri Products

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Author's: | Roshan Deshmukh
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Growing demand for safe and nutritious animal feed, restrictions on the use of antibiotics, and increased producer awareness of animal health are all propelling the animal nutrition market forward. In order to give improved nutrition to animals, global demand for animal-derived foods such as eggs, fish, milk, and meat is also expanding. Animal nutrients, which include macronutrients, vitamins, dietary minerals, enzymes, eubiotics, and amino acids, are critical for efficient meat and milk production, reproduction, and bone formation.

COVID-19 Impact analysis

  • Manufacturers have been forced to reassess their policies and tactics considering the SARS-CoV-2 outbreak, which has caused a drastic shift in consumer purchase patterns.
  • Lamb production, aquaculture, beef, and veal production are among the worst-affected industries.
  • In Southeast Asia, a mass migration of migrant workers has hampered productivity.
  • Purchases prompted by panic fuel demand for animal feed additives.
  • The Dutch government has established protocols for the continuous production of feed.
  • Livestock farmers are under extreme stress because of disturbances such as a lack of feed, which causes the animals to starve to death. While feed has been defined as an "essential good" in the EU, it does not fall into this category in many other nations, posing a barrier in terms of animal feed access.

Top Impacting Factors

  • The demand for acid and nutrient in animal nutrition is now dominated by animal feed for ruminant species, and this is expected to continue for the next six years.
  • Growing animal feed needs for cattle, combined with high volume requirements, have been the primary drivers of increased demand.
  • Over the projected period, demand for nutrient in animal nutrition is expected to expand at above-average rates for both aquatic and equestrian livestock.
  • Due to increased human consumption of fish and marine species, technological developments in aquaculture for maintaining the health and nutrition of aquatic creatures are expected to have a beneficial impact on market demand.

Market Trends

Economic development of the nations

It has put pressure on the livestock sector to produce more efficiently with limited resources while also supporting almost 1.3 billion people's income and food security. As a result, the animal farming sector, which accounts for approximately 40% of worldwide agricultural production value, is capitalizing on food security concerns. The mandatory affluence of the worldwide livestock sector, and primarily for the widespread production of protein-enriched commodities such as meat, eggs, and milk to feed the majority of the non-vegetarian population globally, animal nutrition is becoming increasingly important. Animal nutrition has a wide range of applications in household, veterinarians, zoos, and animal shelters, in addition to animal husbandry.

Antibiotics are prohibited in a number of countries.

Feed makers around the world are facing a huge challenge: rising raw material prices. Natural sources of feed acids, antioxidants, and vitamins include seeds, tree barks, and plant leaves. The feed additives market is being held back by the increased expense of extraction from these sources as well as tight restrictions for waste biomaterials and wastewater treatment. Feed availability has become a major concern for the industry. The business under great strain in getting basic feed like as corn, wheat, and barley as the world's population grows and demand for food rises.

Feed and livestock chain sustainability

The worldwide feed business is concentrating on increasing feed conversion rates for all major livestock and farmed fish species in order to improve feed efficiency. The feed and livestock sectors can achieve long-term viability by establishing a standardized environmental footprint approach based on life cycle analysis that involves the whole supply chain. The creation of standard metrics can also aid in the calculation of a wider range of resource efficiency indicators. Through resource-efficient feed production, efficient use of feed ingredients can help to reduce the environmental effect of livestock farming.

Key Benefits of the Report

  • This study presents the analytical depiction of the animal nutrition market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the animal nutrition market share.
  • The current market is quantitatively analyzed to highlight the animal nutrition market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed animal nutrition market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Report

  • Who are the leading market players active in the animal nutrition market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is "animal nutrition market" prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities in the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the "animal nutrition market”?

Animal Nutrition Market Report Highlights

Aspects Details
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By Product Type
  • Amino Acids
  • Carotenoids
  • Enzymes
  • Eubiotics
  • Minerals
  • Lipids
  • Vitamins
  • Pet Food
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By Species
  • Poultry
  • Ruminant
  • Aquaculture
  • Swine
  • Others
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By Application
  • Veterinarians
  • Animal Feed Manufacturers
  • Households, Farms
  • Other
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

Nutreco N.V, Royal DSM N.V., Archer-Daniels-Midland Company, Evonik Industries AG, BASF SE, Cargill Inc., Alltech, Novozymes A/S, Kemin Industries, Inc., Adisseo France SAS, Tata Chemicals, DuPont, Dow Chemical Company

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Animal Nutrition Market

Global Opportunity Analysis and Industry Forecast, 2023-2032