Press release
Non-Protein Nitrogen in Feed Market In-depth Analysis by Key Players - Archer Daniels Midland Company, Yara International ASA, Quality Liquid Feed, Anipro Feeds, Meadow Feeds
Non-Protein Nitrogen in Feed Market
The Non-Protein Nitrogen in Feed Market size will exceed USD 1 Billion by 2024; according to a new research report by Global Market Insights, Inc.
Urea was worth over USD 600 million in 2016. Factors such as improved intake of dry roughage, reduced live weight loss and high nitrogen content are supporting product demand. Furthermore, increasing application of urea as a building block for non-protein production through numerous rumen microbes will propel industry growth. Less expensive substitute source of protein will further add to product’s demand.
Dry formulation is projected to surpass 2.5 million tons by 2024. Exceptional thermal stability during fodder processing operations and improved ease of handling are major factors supporting product penetration. Ease of availability in powdered and pellet grades will drive product sales. Moreover, high sulphur and protein content resulted in enhanced demand for dry form products in supplementary nourishments.
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Increasing health consciousness along with growing population has driven meat consumption. According to OECD, average global meat consumption is 75 pounds per person. Shifting consumer preferences for ready to eat processed meat will further facilitate non-protein nitrogen in feed market growth.
Increasing preference to provide nutrient diet to animals is expected to propel non-protein nitrogen in feed market growth. Increasing livestock diseases penetration coupled with growing necessity for safe nourishment practices will support product demand. As per FAO, animal fodder production was estimated to hold 11% share for calves & cattle, 23% for sheep and 6.6% for pigs in 2017.
New production techniques to cut down overall production cost will influence non-protein nitrogen in feed market price trend. In addition, companies are expected to invest in R&D activities, thus developing proteins with specific characteristics. However, strict government protocols concerning animal fodder and toxicity in ruminants may hamper industry growth.
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Swine will witness gains over 3% up to 2024. Positive results amongst swine in terms of enhanced health & increased nutrients intake is a significant factor fueling non-protein nitrogen in feed market demand. Rising pork consumption in Russia, Canada, Poland and Japan will support demand.
Asia Pacific non-protein nitrogen in feed market was worth around USD 350 million in 2016. Favorable socio-economic policies in China, India and Japan has propelled industry. Development of innovative technology for effective protein synthesis from non-protein sources in several Asian countries has led to wide spread product usage. Rising cattle population in region is further contributing to industry growth.
North America non-protein nitrogen in feed market will observe 3.5% CAGR up to 2024.
Increasing consumer consciousness regarding higher protein diets coupled with better affordability due to growth in disposable incomes will drive industry growth. Additionally, higher availability of dairy products through numerous channels has further augmented product demand.
Global non-protein nitrogen in feed market share is moderately fragmented due to large presence of several local and multinational industry players. Borealis, Incitec Pivot, Potash Corporation of Saskatchewan, Yara International and Archer Daniels Midland Company are key industry participants.
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Charts & Figures
FIG 1. Industry segmentation
FIG 2. Global non- protein nitrogen in feed market, 2013 - 2024 (Kilo Tons) (USD Million)
FIG 3. Industry ecosystem analysis
FIG 4. Industry impact forces
FIG 5. Competitive landscape, 2016
FIG 6. Porter’s analysis
FIG 7. PESTEL analysis
FIG 8. Global non- protein nitrogen in feed market share by product, 2016 & 2024
FIG 9. Global non- protein nitrogen in feed market share by form, 2016 & 2024
FIG 10. Global non- protein nitrogen in feed market share by livestock, 2016 & 2024
FIG 11. Global non- protein nitrogen in feed market share by region, 2016 & 2024
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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