Press release
Animal Nutrition Chemicals Market Growing with Leading Key Players-BASF SE, International Flavors & Fragrances Inc., Tata Chemicals Ltd.
Animal Nutrition Chemicals Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Animal Nutrition Chemicals market from 2024 to 2031, and what is the market value expected to change by 2031?
Global Animal Nutrition Chemicals Market reached US$ 11.21 billion in 2022 and is expected to reach US$ 16.85 billion by 2031, growing with a CAGR of 5.2% during the forecast period 2024-2031.
The Animal Nutrition Chemicals Market involves chemicals and additives used to enhance the nutritional content of animal feed, promoting better growth, health, and productivity in livestock, poultry, and aquaculture. These chemicals include vitamins, minerals, amino acids, enzymes, and antioxidants. Market growth is driven by increasing demand for high-quality animal products, advancements in animal health and feed formulations, and a focus on sustainable farming practices to improve animal welfare and feed efficiency.
Key Developments:
In May 2023, Danisco Animal Nutrition & Health, a business unit of IFF, introduced Axtra PRIME, an optimized enzyme blend designed to tackle key challenges in piglet production, improving the efficiency and health of pig farming operations.
In December 2023, ADM, a global leader in human and animal nutrition, acquired PT Trouw Nutrition Indonesia, a subsidiary of Nutreco. This acquisition strengthens ADM's presence in Indonesia's livestock farming sector, enhancing its ability to provide functional and nutritional solutions for animal nutrition in the region.
List of the Key Players in the Animal Nutrition Chemicals Market:
BASF SE, International Flavors & Fragrances Inc., Tata Chemicals Ltd., Cargill, Incorporated., Evonik, Novozymes, DSM-Firmenich, Balchem Corp., Kemin Industries, Inc.
Research Process:
Both primary and secondary data sources have been used in the global Animal Nutrition Chemicals Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Segment Covered in the Animal Nutrition Chemicals Market:
By Product Type: Amino Acid, Vitamin, Mineral, Enzyme, Fish Oil & Lipid, Carotenoid, Eubiotics, Others.
By Distribution Channel: Hypermarkets/Supermarkets, Specialty Stores, Pharmacist, Others.
By Animal Type: Poultry, Swine, Pet, Ruminants, Others.
By Product Form: Liquid, Powdered, Granules, Others.
By Application: Animal Food Manufacturer, Farm, Household, Veterinarian, Others.
Regional Breakout:
The global Animal Nutrition Chemicals Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
✫ North America (U.S., Canada, Mexico)
✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
✫ South America (Colombia, Brazil, Argentina, Rest of South America)
✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This Report Unveils:
✔ Go to Market Strategy- A roadmap to successfully product launch or service in the target market.
✔ Gain a clear picture of the market's health and growth trajectory through neutral analysis.
✔ Deep Market Insights delve into development trends, competitor landscape, supply and demand dynamics, brand share & pricing analysis year-over-year growth patterns, and key players' performance.
✔ Upon request, we can provide customized reports focusing on specific regions or countries, offering a granular view of their markets.
✔ Identify high-potential niche segments and regions poised for significant expansion.
✔ Analysis of Market Size (historical and forecast) Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) to understand the market's overall size and your achievable market share.
✔ Gain a comprehensive understanding of the competitive landscape, including market share distribution, key players (innovators, startups, laggards, and pioneers), and their respective strengths and weaknesses.
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Animal Nutrition Chemicals manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Animal Nutrition Chemicals in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the Animal Nutrition Chemicals market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the Animal Nutrition Chemicals market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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Frequently Asked Questions
☞ What is the expected growth rate of the global Animal Nutrition Chemicals market for the forecast period?
☞ What are the key driving factors that are responsible to shape the fate of the Animal Nutrition Chemicals market during the forecast period?
☞ What will be the overall size of the market during the analysis period?
☞ What are the prominent market trends which influence the development of the Animal Nutrition Chemicals market across various regions?
☞ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?
☞ What are the challenges and threats that are likely to act as a barrier to the growth of the Animal Nutrition Chemicals market?
☞ What are the major opportunities that the companies can get to attain success in the world?
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