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Non-Protein Nitrogen Global Market Navigating Trends, Market Size, Share Report and Future Outlook 2024-2033 | Nutrien Ltd., Borealis AG, ICL Group Ltd., Fertiberia S.A., Alltech Inc.
Non-Protein Nitrogen Market
As per the report, 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 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%.
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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.
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 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
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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
Contents of the report:
1. Executive Summary
2. Non-Protein Nitrogen Market Report Structure
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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