Press release
Animal Nutrition Market Trends | Growth, Innovations & Future Outlook 2024-2031 | Top key players - BASF SE, Biovet, Bluestar Adisseo.
Global Animal Nutrition Market reached US$ 23.12 billion in 2023 and is expected to reach US$ 39.13 billion by 2031, growing with a CAGR of 6.8% during the forecast period 2024-2031.Animal Nutrition Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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The Animal Nutrition Market focuses on feed additives and supplements that enhance livestock health, growth, and productivity. Key components include vitamins, minerals, amino acids, enzymes, and probiotics. Market growth is driven by rising demand for high-quality animal protein, sustainable farming practices, and innovations in precision nutrition. Increasing awareness of pet and livestock health further accelerates the adoption of advanced animal nutrition solutions.
List of the Key Players in the Animal Nutrition Market:
Cargill, Advanced Enzyme Technologies Limited, AGROVET Animal Healthcare, Archer Daniels Midland Company, BASF SE, Biovet, Bluestar Adisseo, Evonik Industries, AB Vista, Land O'Lakes, among others.
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Industry Development:
In 2022, DSM and Firmenich entered into a business combination agreement (BCA) to create DSM-Firmenich, a leading innovation partner in nutrition, beauty, and well-being. This merger integrates Firmenich's expertise in Perfumery and Taste with DSM's Health and Nutrition portfolio, leveraging their combined science platforms and co-creation capabilities.
In 2023, ADM announced an agreement to acquire PT Trouw Nutrition Indonesia to strengthen its animal nutrition capabilities in the region. This acquisition reinforces ADM's premix and feed additives & ingredients (FA&I) business, positioning the company strategically to meet the growing demand for protein in Indonesia.
Growth Forecast Projected:
The Global Animal Nutrition Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Animal Nutrition 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.
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Segment Covered in the Animal Nutrition Market:
By Animal Type: Poultry, Ruminant, Aquaculture, Swine, Others.
By Ingredients: Amino Acids, Enzymes, Minerals, Lipids, Vitamins, Others.
By End-User: Aquaculture, Pet Food Manufacturers, Animal Feed Manufacturers, Others.
Regional Analysis for Animal Nutrition Market:
The regional analysis of the Animal Nutrition Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
⇥ 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)
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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People Also Ask:
➠ What is the global sales, production, consumption, import, and export value of the Animal Nutrition market?
➠ Who are the leading manufacturers in the global Animal Nutrition industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
➠ What opportunities and challenges do vendors in the global Animal Nutrition industry face?
➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
➠ What are the key factors and limitations affecting the growth of the Animal Nutrition market?
➠ What are the various sales, marketing, and distribution channels in the global industry?
Browse More Reports: https://www.datamintelligence.com/research-report/animal-nutrition-market
Animal Nutrition Chemicals Market: https://www.datamintelligence.com/research-report/animal-nutrition-chemicals-market
Animal Feed Supplements Market: https://www.datamintelligence.com/research-report/animal-feed-supplements-market
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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