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Amino Acids And Proteins For Animal Nutrition Global Market Report 2024 Market Report 2024-2033 | Size, Share, Trends, Demand, overview
Amino Acids And Proteins For Animal Nutrition Global Market Report
According to The Business Research Company's, The amino acids and proteins for animal nutrition market size has grown strongly in recent years. It will grow from $7.12 billion in 2023 to $7.64 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to shifts in consumer preferences, feed efficiency research, livestock industry expansion, scientific advancements in nutrition, globalization of animal agriculture.
The amino acids and proteins for animal nutrition market size is expected to see strong growth in the next few years. It will grow to $9.87 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to research and development, expansion in aquaculture industry, precision livestock farming, sustainable agriculture practices, shift towards specialty feed ingredients. Major trends in the forecast period include green and sustainable ingredients, traceability and transparency, personalized animal nutrition, gut microbiome management, microbial protein development.
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Market Drivers and Trends:
The increase in the demand for organic meat is driving the amino acids and proteins in the animal nutrition market. Meat refers to the flesh of animals used for food and is rich in myofibrillar, sarcoplasmic, and other proteins. The rising global demand for organic meat, driven by an increasing world population, necessitates a greater focus on delivering high-quality organic meat by feeding animals nutritionally rich, amino acid, and protein-rich diets to enhance muscle development and weight. For instance, in February 2023 according to the report published by the Forschungsinstitut für biologischen Landbau (FiBL), an independent and non-profit research institute of organic agriculture that provides organic farming information and research, organic bovine meat import in the EU increased from 275 metric tons in 2020 to 1062 metric tons in 2021, organic sheep and goat meat import in the EU increased from 18 metric tons in 2020 to 92 metric tons in 2021, and organic pig meat import in the EU increased from none in 2020 to 83 metric tons in 2021. Therefore, an increase in the demand for organic meat is driving the growth of amino acids and proteins in the animal nutrition market.
Product innovation is the key trend gaining popularity in the amino acids and proteins for the animal nutrition market. Major companies operating in the amino acids and proteins for animal nutrition sector are focused on developing new technological and innovative solutions to strengthen their position in the market. For instance, in May 2022, METEX NØØVISTAGO, a France-based producer of amino acid-based solutions for farm animals, launched the INNEUS range of animal nutrition solutions for piglets and poultry based on amino acids. It is uniquely designed with amino acids to influence intestinal health that helps to cope with physiological and sanitary challenges such as weaning for piglets, or coccidiosis for chickens. It attempts to target gut barrier function, immunological fitness, oxidative state homeostasis, and microbial balance-the four major pillars of gut health.
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Major Key Players of the Market:
Adisseo France SAS; Ajinomoto Co Inc.; Archer Daniels Midland Company; Cargill Incorporated; CJ CheilJedang Corp; Evonik Industries AG; Kemin Industries Inc.; Koudijs Kapo Feed BV; Meihua Holdings Group Co Ltd.; Novus International Inc.; Shijiazhuang Donghua Jinlong Chemical Co Ltd.; Sumitomo Chemical Co Ltd.; DSM Nutritional Products AG; Europe Bio-chem Technology Group Company Limited; Global Bio-Chem Technology Group Company Limited; Phibro Animal Health Corporation; Sunrise Nutrachem Group Co. Ltd.; BASF SE; Chr. Hansen Holding A/S; Dow Inc.; Lonza Group AG; Novozymes A/S; Amino GmbH; AminoLogics Inc.; Amino Up Chemical Co. Ltd.; Aminosan Co. Ltd.; AminoMax Inc.; AminoScience LLC; Amino Vital Inc.; Alltech Inc.
Amino Acids And Proteins For Animal Nutrition Market 2024 Key Insights:
• The amino acids and proteins for animal nutrition market will grow to $9.87 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
• Rising Demand For Organic Meat Boosts Amino Acids And Proteins In Animal Nutrition Market
• Companies Introducing Innovative Solutions To Elevate Animal Nutrition With Amino Acid-Based Solutions
• Asia-Pacific was the largest region in the amino acids and proteins for animal nutrition market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
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Americas: +1 315 623 0293
Email: info@tbrc.info
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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