Animal Nutrition Market: Rising Demand in the Sectors Poultry Feeds, Ruminant Feeds, Pig Feeds, Aquaculture Feeds and Research Forecast to 2023

Animal Nutrition Market
The research report on Animal Nutrition Market analyzes the entire production and supply chain of the market and provides data as per the different scenarios. Animal nutrition focuses on the dietary needs of animals, primarily those in agriculture and food production, but also in zoos, aquariums, and wildlife management. Feed additives are products used in animal nutrition for purposes of improving the quality of feed and the quality of food from animal origin, or to improve the animals’ performance and health, e.g. providing enhanced digestibility of the feed materials. Feed additives may not be put on the market unless authorization has been given following a scientific evaluation demonstrating that the additive has no harmful effects, on human and animal health and on the environment.

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In this report, the Animal Nutrition Market was estimated at USD 10,289 Million and is expected to reach USD 15,335 Million by 2023, expanding at a CAGR of +6.0% by the end of the forecast period, 2018-2023.

Scope of the Reports:
Some of the major key players functioning in the Animal Nutrition Market Report include Evonik, Adisseo, Novus International, CJ Group, DSM, Meihua Group, Alltech, BASF, Kemin Industries, Sumitomo Chemical, Global Bio-Chem, ADM, Biomin, Novozymes, Lonza, DuPont, Nutreco among others.
This report focuses on the Animal Nutrition in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Types: Minerals, Amino Acids, Vitamins, Enzymes

Applications: Poultry Feeds, Ruminant Feeds, Pig Feeds, Aquaculture Feeds

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With the present market standards revealed, the market research report has also illustrated the latest strategic developments and patterns of the market players in an unbiased manner. The report serves as a presumptive business document that can help the purchasers in the market plan their next courses towards the position of the market’s future.

China was one of the largest regional market for feed additives, with revenue exceeding USD 12.2 billion in 2017. It is further expected still to grow due to downstream demand. In the past time, the global feed market has maintained a more stable growth rate. Africa, Europe, Latin America have maintained a rapid growth rate. The North American market is stagnant. In the foreseeable future, the growth of this industry mainly comes from the growth of these areas.

In application, animal nutrition downstream is wide and recently animal nutrition has acquired increasing significance in various fields of poultry feeds, ruminant feeds, pig feeds and other feeds. Globally, the animal nutrition market is mainly driven by growing demand for poultry feeds which held nearly 46% of total downstream consumption of animal nutrition.

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