Animal Nutrition Market Regional Share, Trends, Competitor Analysis 2021-2027

Precision Business Insights published a research report on “Animal Nutrition Market by Product Type (Carbohydrates, Fibers, Water, Fatty Acids, Amino Acids, Proteins, Minerals, Vitamins) By Animal Type (Poultry, Swine, Ruminant, Canine, Equine, Aquatic) and Geography (North America, Latin America, Europe, Middle East and Africa, Asia Pacific - Global/Region/Country Forecast to 2027”.

Animal nutrition market is anticipated to lead towards significant growth during the forecast period 2021-2027.

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Increasing Poultry Farms will Fuel the Growth of Animal Nutrition Market
Animal nutrition includes animal dietary needs and animal nutrients such as amino acids, vitamins, dietary minerals, macronutrients and enzymes. These nutrients play an important role in the proper development of the animal. Animal nutrition has great importance in both health and productivity of the animals. There are several factors that are anticipated to increase the demand for nutritious animal feed such as growing care and concern about the animal health, growing population and huge adoption of the pets. Some factors which are anticipated to create the demand for animal nutrition include increase in poultry farms and growing demand for chicken around the globe. Huge Inclination towards the protein lean animal diet is projected to drive the Animal nutrition market growth. However, limited awareness and increasing price of feed are some factors anticipated to hamper the market growth.

Asia Pacific is Dominating the Animal Nutrition Market Witnessing Significant Revenue
Animal Nutrition Market is classified into major region such as Asia pacific, North America, Middle East, Europe, Africa, and Latin America. Among all the regions, Asia Pacific is dominating the animal nutritional market due to the increasing consumption of poultry, dairy products and meat. There are several other factors, which are anticipated to generate the demand for animal nutrition market such as rapid economic growth, approving government policies to augment cattle and poultry, rising disposable earnings and growing exports of meat. Brazil is anticipated to witness notable profits due to the growing demand for poultry and meat and increasing spending capacity.

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Competitive Analysis
Major players operating in Animal Nutrition Market are Nutreco N.V. (The Netherlands), Cargill, Inc. (U.S.), Koninklijke DSM N.V. (The Netherlands), Archer Daniels Midland Company (U.S.), InVivo Nutrition Et Sante Animales (France), Adisseo France S.A.S (France), Archer Daniels Midland Co. (US), Bactolac Pharmaceutical, Inc. (US), BASF SE (Germany) and DSM Nutritional Products Ltd. (Switzerland). Industry players working in animal nutrition market focus on implementing strategies such as mergers, new product launches, collaborations, acquisitions and attainments to expand their business and increase the product collection in the market. They also aim at reinforcing their place in the market. These players further focus on approving new products approval in the market. For example, BASF Animal Nutrition launched glycinates product line in August 2014, which includes manganese, iron, copper and zinc. Cargil Animal Nutrition introduced a new brand for feed additives called PROMOTE in November 2013.

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