Animal Nutrition Market By Key Players: Evonik, Adisseo, Novus International, CJ Group, DSM, Meihua Group, Alltech, BASF, Kemin Industries, Sumitomo Chemical, Global Bio-Chem, ADM

Animal Nutrition Industry Overview

The Animal Nutrition market research study relies upon a combination of primary as well as secondary research. 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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Scope Of The Report:
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.

Major Key Players of the Animal Nutrition Market are:
Evonik, Adisseo, Novus International, CJ Group, DSM, Meihua Group, Alltech, BASF, Kemin Industries, Sumitomo Chemical, Global Bio-Chem, ADM, Biomin, Novozymes, Lonza, DuPont, Nutreco.

Major Types of Animal Nutrition covered are:
Minerals, Amino Acids, Vitamins, Enzymes, Others.

Major Applications of Animal Nutrition covered are:
Poultry Feeds, Ruminant Feeds, Pig Feeds, Aquaculture Feeds, Others.

Market Scenario:

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.

In the future, global market is expected to witness stable growth on account of rising applications, so in the next few years, animal nutrition production will show a trend of steady growth. In 2024, the production of animal nutrition is estimated to be 39.4 million MT. Demand for most downstream is greatly influenced by general economic conditions. As a result, demand for animal nutrition largely follows the patterns of the leading world economies.

The worldwide market for Animal Nutrition is expected to grow at a CAGR of roughly 5.2% over the next five years, will reach 72800 million US$ in 2023, from 53800 million US$ in 2017, according to a new GIR (Global Info Research) study.

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This report provides:

-An in-depth overview of the global market for Animal Nutrition.

-Assessment of the global industry trends, historical data from 2011, projections for the coming years, and anticipation of compound annual growth rates (CAGRs) by the end of the forecast period.

-Discoveries of new market prospects and targeted marketing methodologies for Global Animal Nutrition Market.

-Discussion of R and D, and the demand for new products launches and applications.

-Wide-ranging company profiles of leading participants in the industry.

-The composition of the market, in terms of dynamic molecule types and targets, underlining the major industry resources and players.

-The growth in patient epidemiology and market revenue for the market globally and across the key players and market segments.

-Study the market in terms of the generic and premium product revenue.

-Determine commercial opportunities in the market sales scenario by analyzing trends in authorizing and co-development deals.

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This release was published on openPR.