Press release
Animal Nutrition Market Top Key Players - Jubilant Lie Sciences, DSM Company, BASF SE, Cargill Incorporated, Dupont, KeminIndustries Inc., Novozymes, Neutreco N.V., and Archer-Daniels-Midland Company
Factors such as the growing application of animal nutrition in the livestock sector, the surging demand for feeding dairy milk to the growing child population globally, the increasing consumption of animal-based products owing to the rising disposable incomes of people, the escalating focus of fast-food chains and the meat industry on livestock health, the proliferating incidences of zoonotic diseases, and the increasing number of pet health care centers and veterinaries across the globe are primarily driving the growth of the global animal nutrition market.
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According to species, poultry segment led the global animal nutrition market in 2021. The segment's dominance is expected to continue over the forecast period of 2022-2030. According to nutrients, the amino acids segment acquired the largest share of the market in 2021.
The segment's position is expected to remain unchanged during the forecast period of 2022-2030. According to application, the animal feed manufacturers segment held the largest market share in 2021. The segment is predicted to maintain its lead further in the market during the forecast period of 2022-2030.
Geographically, the Asia Pacific dominated the global animal nutrition market in 2021, followed by North America, Europe, Latin America, and the Middle East & Africa. The region is projected to remain dominant throughout the forecast period of 2022-2030. Countries such as India and China are among the key contributors to the growth of the market in the region. Whereas, the U.S. and Canada are the leading contributors to the growth of the market in the North American region.
Some of the major animal nutrition companies profiled in the report include Jubilant Lie Sciences, DSM Company, BASF SE, Cargill Incorporated, Dupont, KeminIndustries Inc., Novozymes, Neutreco N.V., and Archer-Daniels-Midland Company.
The global animal nutrition market is segmented into species, nutrient, application, and region. Based on species, the market is bifurcated into poultry, ruminants, swine, pet, equine, and others. Based on nutrient, it is classified into amino acids, carotenoids, eubiotics, vitamins, enzymes, minerals, lipids, cereals, carbohydrates, and others. Based on application, it is classified into farms, households, veterinarians, zoos, animal shelters, animal feed manufacturers, and others.
The global animal nutrition market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).
Key Insights of Animal Nutrition Market
• On the basis of species, poultry segment led the global animal nutrition market in 2021. The segment's dominance is expected to continue over the forecast period of 2022-2030.
• On the basis of nutrients, the amino acids segment acquired the largest share of the market in 2021. The segment's position is expected to remain unchanged during the forecast period of 2022-2030.
• On the basis of application, the animal feed manufacturers segment held the largest market share in 2021. The segment is predicted to maintain its lead further in the market during the forecast period of 2022-2030.
• On the basis of region, the Asia Pacific dominated the global animal nutrition market in 2021, followed by North America, Europe, Latin America, and the Middle East & Africa. The region is projected to remain dominant throughout the forecast period of 2022-2030.
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