Press release
Non-Protein Nitrogen Global Market Size will Exceed $1.74 Billion By 2028 with a Projected CAGR of 4.9% | Nutrien Ltd., Fertiberia S.A., The Mosaic Company, ICL Group Ltd., Borealis AG
Non-Protein Nitrogen Market
The Business Research Company offers in-depth market insights through Non-Protein Nitrogen Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The non-protein nitrogen market size has grown strongly in recent years. It will grow from $1.36 billion in 2023 to $1.44 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to livestock feed supplementation, increase in meat consumption, cost-effective protein alternatives, nitrogen fixation research, feed efficiency improvement.
The non-protein nitrogen market size is expected to see steady growth in the next few years. It will grow to $1.74 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to population growth and food demand, focus on sustainable agriculture, livestock industry growth, rise in aquaculture, demand for high-quality animal protein. Major trends in the forecast period include balancing ration nutrition, microbial protein utilization, sustainable livestock production, functional additives in animal feed, innovative feed technologies.
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Market Segmentation:
The non-protein nitrogen market covered in this report is segmented -
1) By Type: Urea, Biuret, Ammonia, Other Types
2) By Form: Dry, Liquid, Pellets
3) By Livestock: Swine, Poultry, Cattle, Aquaculture, Other Livestock
Major Driver - Surge In Meat Consumption To Drive Market Growth
The increasing meat consumption is expected to propel the growth of the non-protein nitrogen market going forward. 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. For instance, in March 2023, according to the Australian Bureau of Statistics, an Australia-based government agency, beef production increased by 11.3% to reach 524,335 tons. Further, mutton production increased by 31.8% to 58,662 tons. Therefore, increasing meat consumption drives the non-protein nitrogen market.
Competitive Landscape:
Major companies operating in the non-protein nitrogen market report are The Archer-Daniels-Midland Company, Saudi Arabia's Basic Industries Corporation, Nutrien 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 Fertilisers 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 Fertilisers and Petrochemicals Corporation Ltd., Alltech Inc., Antonio Tarazona, Koch Fertilizers
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Top Trend - Product Innovations Driving Innovation In Non-Protein Nitrogen Market
Product innovations are a key trend gaining popularity in the non-protein nitrogen market. 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. It is an innovative feed solution that enhances the digestibility of protein, ensuring excellent retention of nitrogen in the metabolism and lower nitrogen emissions to the environment, thereby delivering more consistent improvements in growth performance for vital amino acids and faster action.
The Table Of Content For The Market Report 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. Non-Protein Nitrogen Market Size And Growth
…..
27. Non-Protein Nitrogen Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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