Press release
Asia Pacific Animal Nutrition Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR over seven years forecast period 2019-2025
Asia Pacific Animal Nutrition Market was Valued at US$ XX Mn in 2018, Due to Growing Demand for Protein Lean Animal Meat and Growing Concern and Care on Animal HealthAnalyst Speak:
“The Asia Pacific Animal Nutrition Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR over seven years forecast period 2019-2025” owing to increasing demand for animal meat and increase in disposable income and augmenting the animal nutrition.
The Asia Pacific animal nutrition market was valued at US$ XX Mn in 2018 and growing at a significant CAGR over the forecast period due to Increased adoption of pets and growing concern and care on animal health are major factors drives the growth of the market over the forecast period. Moreover, increase in demand for meat and other foods and increase in disposable income boosts the growth of the market over forecast period. However, very limited awareness and high cost of feed hampers the growth of the market.
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Asia Pacific animal nutrition market segmented on the basis of type, animal, and country
Swine, by Animal Leads the Animal Nutrition Market with highest revenue share
Based on Animal, Asia Pacific animal nutrition market is segmented into poultry, swine, and ruminants, canine, equine, and aquatic. Swine segment registered highest revenue share in 2018 and expected to dominate over the forecast period owing to growing swine feed production in emerging countries including Indonesia and Vietnam fuels the growth of the market.
Chine Dominates the Asia Pacific Animal Nutrition Market
PBI’s Asia Pacific animal nutrition market report analyses the market in different countries such as Japan, China, India, and Australia & New Zealand, ASEAN (Indonesia, Thailand, Vietnam, Philippines, Malaysia, and others). According to geographical analysis, China dominates overall revenue share in 2018 and the same trend is projected to follow over 2019-2025 due to high adoption of newer drugs and vaccines for animals, rise in trading of poultry and poultry products, and expansion of business by the companies drives the growth of the market over forecast years. India Animal Nutrition market is witnessed to expand at significant growth rate due to government support for the poultry production, increase in exportation of poultry and poultry products to Oman, Germany, Indonesia, Saudi Arabia, Afghanistan and others.
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Strategic Collaborations, Mergers, and Acquisitions and launch of New Products into the Market are the key strategies adopted by the market players
Market Players are increasingly adopting the strategies such as strategic collaborations, mergers, acquisitions and launch of new products into the market and expanding their product portfolio to enhance their revenue and strengthen their position in the market. For instance, In June 2017, Nutreco announced the acquisition of Hi-Pro Feeds to strengthening their position in the market.
Key player’s profiles in the report are Nutreco N.V. (The Netherlands), Cargill, Inc. (U.S.), Koninklijke DSM N.V. (The Netherlands), Archer Daniels Midland Company (U.S.), Archer Daniels Midland Co. (U.S.), BASF SE (Germany), and DSM Nutritional Products Ltd. (Switzerland).
Precision Business Insights (PBI) in its report titled “Asia Pacific Animal Nutrition Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
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https://www.precisionbusinessinsights.com/market-reports/asia-pacific-animal-nutrition-market/#ulp-14mlyhjMGhVjZqa3
Detailed Segmentation
By Type
o Vitamins
o Carbohydrates
o Minerals
o Fibers
o Fatty acids
o Amino Acids
o Proteins
By Animal
o Poultry
o Swine
o Ruminant
o Canine
o Equine
o Aquatic
Country
o Japan
o China
o India
o Australia & New Zealand
o ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
o South Korea
o Rest of Asia Pacific
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https://www.precisionbusinessinsights.com/market-reports/asia-pacific-animal-nutrition-market/
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