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Animal Nutrition Chemicals Market Outlook and Future Estimation - Prominent Industry Players Profiled Tata Chemicals Ltd, S.p.A., Cargill Inc., Evonik Industries AG,BASF SE,CHURCH & DWIGHT CO. INC, Novozymes, Koninklijke DSM NV, BalChem, Kemin Industries,
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The global animal nutrition chemicals market size was valued at $10,289 million in 2017, and is projected to reach $15,335 million by 2024, registering a CAGR of 5.9% from 2018 to 2024. In 2017, the amino acid segment accounted for one-fourth share of the global market in terms of value.
Analysis of the major players operating in the global animal nutrition chemicals market
•Tata Chemicals Ltd
•S.p.A.
•Cargill Inc.
•Evonik Industries AG
•BASF SE
•CHURCH & DWIGHT CO. INC
•Novozymes
•Koninklijke DSM NV
•BalChem
•Kemin Industries
•SHV N.V.
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In addition, factors like speedy industrial enterprise of eutherian mammal farming, increase in health issues among animals and rise in pet health care centers and veterinaries fuel the expansion of the animal nutrition chemicals market. However, the high price of those products, the convenience of substandard product and low-cost alternatives adversely have an effect on the market growth. moreover, the quicker growth of animal meat and better demand for meat across the planet is anticipated to supply high come on investment. This issue ends up in the rise in a range of animal farmers and trendy animal husbandries, that is anticipated to supply future market growth chance.
In terms of import, Asia-Pacific and LAMEA put together contributed over fifty five share within the international market in 2017.
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