Press release
Non-Protein Nitrogen in Feed Market Absolute Analysis Global Players Antonio Tarazona, Alltech Inc., Fertiberia Sa, Skw Stickstoffwerke Piesteritz Gmbh, PetroLeo Brasileiro S.A, The Potash Corporation of Saskatchewan Inc., Incitec Pivot Limited, Borealis
Non-Protein Nitrogen in Feed Market
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.
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.
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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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Data Tables
TABLE 1. Non- protein nitrogen in Feed industry 360° synopsis, 2013 – 2024
TABLE 2. Global non- protein nitrogen in Feed market estimates & forecast, 2013 - 2024, (Kilo Tons) (USD Million)
TABLE 3. Global non- protein nitrogen in feed market estimates & forecast by product, 2013 - 2024 (Kilo Tons)
TABLE 4. Global non- protein nitrogen in feed market estimates & forecast by product, 2013 - 2024 (USD Million)
TABLE 5. Global non- protein nitrogen in feed market estimates & forecast by region, 2013 - 2024 (Kilo Tons)
TABLE 6. Global non- protein nitrogen in feed market estimates & forecast by region, 2013 - 2024 (USD Million)
TABLE 7. Industry ecosystem analysis
TABLE 8. Industry impact forces
TABLE 9. Global urea non- protein nitrogen in feed market estimates & forecast, (Kilo Tons) (USD Million), 2013 – 2024
TABLE 10. Global urea non- protein nitrogen in feed market estimates & forecast by form, (Kilo Tons), 2013 - 2024
TABLE 11. Global urea non- protein nitrogen in feed market estimates & forecast by form, (USD Million), 2013 – 2024
TABLE 12. Global urea non- protein nitrogen in feed market estimates & forecast by livestock, (Kilo Tons), 2013 - 2024
TABLE 13. Global urea non- protein nitrogen in feed market estimates & forecast by livestock, (USD Million), 2013 – 2024
TABLE 14. Global urea non- protein nitrogen in feed market estimates & forecast by region, (Kilo Tons), 2013 - 2024
TABLE 15. Global urea non- protein nitrogen in feed market estimates & forecast by region, (USD Million), 2013 – 2024
TABLE 16. Global ammonia non- protein nitrogen in feed market estimates & forecast, (Kilo Tons) (USD Million), 2013 – 2024
TABLE 17. Global ammonia non- protein nitrogen in feed market estimates & forecast by form, (Kilo Tons), 2013 - 2024
TABLE 18. Global ammonia non- protein nitrogen in feed market estimates & forecast by form, (USD Million), 2013 – 2024
TABLE 19. Global ammonia non- protein nitrogen in feed market estimates & forecast by livestock, (Kilo Tons), 2013 - 2024
TABLE 20. Global ammonia non- protein nitrogen in feed market estimates & forecast by livestock, (USD Million), 2013 – 2024
TABLE 21. Global ammonia non- protein nitrogen in feed market estimates & forecast by region, (Kilo Tons), 2013 - 2024
TABLE 22. Global ammonia non- protein nitrogen in feed market estimates & forecast by region, (USD Million), 2013 – 2024
TABLE 23. Global non- protein nitrogen in feed from other products market estimates & forecast, (Kilo Tons) (USD Million), 2013 – 2024
TABLE 24. Global non- protein nitrogen in feed from other products market estimates & forecast by form, (Kilo Tons), 2013 - 2024
TABLE 25. Global non- protein nitrogen in feed from other products market estimates & forecast by form, (USD Million), 2013 – 2024
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