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Non-Protein Nitrogen Market : Growth, Industry Trends And Global Forecast 2023 To 2032 | The Archer-Daniels-Midland Company, Saudi Arabia's Basic Industries Corporation, Nutrient Ltd, Yara International ASA, The Mosaic Company
Non-Protein Nitrogen Market Growth
The Business Research Company's Non-Protein Nitrogen Global Market Report 2023 identifies increasing meat consumption as the major driver for the Non-Protein Nitrogen market's growth in the forecast period. Meat is a term used to describe the edible muscular tissue of animals, typically mammals or birds, consumed as food by humans. Non-protein nitrogen in feed consumption can enhance the meat product's overall protein content and nutritional value by converting components such as urea, biuret, and ammonium phosphate to proteins by microbes in the ruminant stomach.
The global non-protein nitrogen market is expected to grow from $1.29 billion in 2022 to $1.36 billion in 2023 at a compound annual growth rate (CAGR) of 6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global non-protein nitrogen is expected to reach $1.65 billion in 2027 at a CAGR of 4.9%.
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Major competitors in the Non-Protein Nitrogen market are The Archer-Daniels-Midland Company, Saudi Arabia's Basic Industries Corporation, Nutrient Ltd, Yara International ASA, The Mosaic Company, CF Industries Holdings Inc., Borealis AG, EuroChem Group AG, ICL Group Ltd., OCI NV, National Fertilizers Limited, Coromandel International Limited, Incitec Pivot Ltd., Chambal Fertilizers and Chemicals Limited, Tata Chemicals Ltd., Rashtriya Chemicals & Fertilizers Ltd., Fertiberia S.A., Gujarat State Fertilizers & Chemicals Ltd., Skw Stickstoffwerke Piesteritz GmbH, Haifa Chemicals Ltd., Kemin Industries, Mangalore Chemicals & Fertilizers Ltd., Deepak Fertilizers and Petrochemicals Corporation Ltd., Alltech Inc., Antonio Tarazona, and Koch Fertilizers.
A key trend in the Non-Protein Nitrogen market includes technological advancements. Major companies operating in the non-protein nitrogen market are focused on developing innovative products to sustain their position in the market. For instance, in June 2021, DSM-Novozymes Alliance, a US-based biotechnology company that produces industrial enzymes and microorganisms, launched ProAct 360, a second-generation protease feed solution.
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The Non-Protein Nitrogen market is segmented -
By Type: Urea, Biuret, Ammonia, Other Types
By Form: Dry, Liquid, Pellets
By Livestock: Swine, Poultry, Cattle, Aquaculture, Other Livestock
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Non-Protein Nitrogen market.
The Business Research Company's "Global Non-Protein Nitrogen Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Non-Protein Nitrogen Market Include:
1. Executive Summary
2. Non-Protein Nitrogen Market Characteristics
3. Non-Protein Nitrogen Market Trends And Strategies
4. Non-Protein Nitrogen Market - Macro Economic Scenario
5. Global Non-Protein Nitrogen Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Non-Protein Nitrogen Market Competitive Benchmarking
33. Global Non-Protein Nitrogen Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Non-Protein Nitrogen Market
35. Non-Protein Nitrogen Market Future Outlook and Potential Analysis
36. Appendix
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