Bio-Based Products To Emerge As A Growing Trend In Global Animal Nutrition Chemicals Industry

The report assesses the current trends, opportunities, drivers, and restraints impacting the market. It discusses the vendor landscape and gives details about the recent developments of players, the challenges faced, and also the growth strategies adopted by them. Additionally, it gives the market share of key players. The report evaluates the bargaining power of suppliers and buyers, the threat of new entrants and substitutes, and the degree of competition in the global animal nutrition chemicals market. It also includes investment feasibility analysis.

Animal nutrition chemicals fulfil the dietary requirements of domesticated animals, which has become very important owing to rising health concerns among pet owners and this is driving their demand. Animal nutrition chemicals such as organic acids, vitamins, enzymes, vacuum salts, and carotenoids are used in animal feed industries such as aquaculture, domestic, and poultry, which furthers their demand.

The population of pets and cattle has grown significantly, and with it the demand for animal nutrition chemicals. The growing demand for high performance and nutrition solutions for pets and cattle is driving the market, especially in North America. Industrialization of meat production and a significant rise in the consumption of meat worldwide are encouraging the growth of the global animal nutrition chemicals market. On the other hand, rising raw material prices for the manufacturing of chemicals are expected to act as a challenge for the market.

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A rising trend in the market is the popularity of bio-chemicals. Bio-chemicals are being perceived as pro-environmental solutions and thus, players in the market are focusing on bio-based animal nutrition chemicals. Bio-based animal nutrition chemicals are expected to emerge as an opportunity for growth in the market.

The report segments the global animal nutrition chemicals market on the basis of geography into Asia Pacific, North America, Europe, and the Rest of the World. Of these, North America followed by Europe led in the market, owing to the presence of a large population of pets.

Balchem Corporation, BASF SE, DuPont, Dow Chemical Company, Novozymes, Kemin Industries, Royal DSM, Tata Chemicals are some of key manufacturers in the global animal nutrition chemicals market, which have been profiled in the report. The business and financial overview, recent developments, product picture and specification, and business strategies adopted by companies have been given in the report. Additionally, challenges faced by players have also been studied in detail.

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