Animal Nutrition Market Shows Expected Growth from 2018-2026

Animal nutrition focuses on dietary needs of animals, chiefly those in food production and agriculture, however also in aquariums, zoos, and wildlife management. Animal nutrition is important for the productivity and health of agricultural animals. Various organizations and programs such as the National Animal Nutrition Program (NANP) serves as a medium to identify high-priority animal nutrition concerns.

These organizations offers a systemic and integrated approach to assemble, collect, share, synthesize and publicize science-based information and educational tools on animal nutrition that increases high-priority research among agricultural species. Several governments are implementing systems that redefine the roles of industry and government in delivering safe nutrition to animals. In 2004, the FAO/WHO Codex Alimentarius Commission approved a Code of Practice on Good Animal Feeding. The manual gives complete and updated information and practical guidelines to help producers and stakeholders know about the production and distribution chain to comply with the regulatory framework.

Download PDF Brochure of This Business Research Report : https://www.coherentmarketinsights.com/insight/request-pdf/1630

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. They require suitable nutrition for growth and development of organs, muscles, and bones. Nutrient needs of animals also change with age. For instance, older animals may have health problems related to aging, which require diverse nutritional needs such as mineral and vitamin supplements.

Eubiotics are replacing antibiotics for improved health and performance of livestock. Various international players are focusing on production of different types of eubiotics, which can be used for diverse livestock. Increasing consumption of poultry products and growing preference for white meat over red meat is expected to fuel growth of the poultry segment. For instance, according to Global Agricultural Information Network in 2017, broiler production in India increased to 4.5 million tons due to increasing demand from the growing middle class. Rising awareness about the use of cost effective and nutrient rich compound feed will increase demand for poultry nutrition products in emerging countries.

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. For instance, in 2017, Cargill Inc. entered into an agreement to acquire Diamond V, a provider of innovative natural solutions that improve animal health, performance, and food safety.

Else, Place an Enquiry To Talk With Our Analyst : https://www.coherentmarketinsights.com/insight/talk-to-analyst/1630

Animal Nutrition Market Regional Insights

Regional segmentation of animal nutrition market by Coherent Market Insights, includes North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. 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.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.