Press release
Animal Nutrition Market Top Companies to Watch Out: Archer-Daniels-Midland Company, Adisseo France SAS, Alltech, BASF SE, Cargill Inc., Dow Chemical Company, DuPont, Evonik Industries AG, Tata Chemicals
Animal-Nutrition
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Animal Nutrition Market Dynamics
Growing demand for safe and healthy animal food, restrictions on the use of antibiotics, increasing awareness among producers regarding animal health are major factors driving animal nutrition market growth. Global demand for food of animal origin, including eggs, fish, milk, and meat is also, increasing, in order to provide better nutrition to animals. According to Food and Agriculture Organization, global demand for animal derived-protein will double by 2050. Increasing consumption of animal products and livestock make a crucial contribution to the nutritional and economic wellbeing of millions of people across the globe.
Animal feeds play a primary role in the global food industry, since feed is the most important component to ensure abundant, safe, and affordable animal proteins. Young and growing animals need nutrients to meet the requirements of specific growth stages.
Amino acids segment is expected to hold major revenue share in global animal nutrition market, owing to its high protein efficiency content and substitute to feed protein sources. Eubiotics are gaining importance due to their significant application in improving feed digestibility, nutrient absorption, and better animal performance.
Animal Nutrition Market Regional Insights
North America animal nutrition market is expected to hold a dominant position over the forecast period, due to well-established animal nutrition infrastructure and huge consumption of animal products.
Asia Pacific animal nutrition market is expected to exhibit significant growth, owing to high market opportunities in the animal feed industry such as Eubiotics and increase in concerns toward disease outbreak in livestock.
Animal Nutrition Market Competitive Analysis
Major players operating in the animal nutrition market include Archer-Daniels-Midland Company, Adisseo France SAS, Alltech, BASF SE, Cargill Inc., Dow Chemical Company, DuPont, Evonik Industries AG, Tata Chemicals, Novozymes A/S, Royal DSM N.V., Kemin Industries, Inc., and Nutreco N.V. Companies are focusing on offering natural and wholesome food products in order to cater to increasing consumer demand for these.
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Animal Nutrition Market Taxonomy
On the basis of species, the animal nutrition market is segmented into:
• Poultry
• Ruminant
• Aquaculture
• Swine
• Others
On the basis of product type, the animal nutrition market is segmented into:
• Pet Food
• Amino Acids
• Carotenoids
• Enzymes
• Eubiotics
• Minerals
• Lipids
• Vitamins
On the basis of region, the animal nutrition market is segmented into:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa
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