Animal Nutrition Market Company Profiles, Trends, and Growth Outlook to 2024-2031 - Archer Daniels Midland Company, BASF SE, Biovet.

The latest report published by DataM Intelligence highlights the growth prospects of Animal Nutrition market. The industry expansion is majorly driven by developments in technology across the globe.

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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.

The Animal Nutrition market includes feed additives, premixes, and supplements designed to enhance livestock health and productivity. Rising demand for high-quality animal protein is boosting market growth. Innovations in feed formulation and gut health solutions are improving outcomes. Regulatory approvals and sustainability concerns are influencing product development. The market also benefits from increased awareness of animal welfare.

Competitive Evaluation:

Companies covered in this report are Cargill, Advanced Enzyme Technologies Limited, AGROVET Animal Healthcare, Archer Daniels Midland Company, BASF SE, Biovet, Bluestar Adisseo, Evonik Industries, AB Vista, Land O'Lakes.

The Animal Nutrition Market analysis identifies a number of major market players. It enables companies to understand the strategies and partnerships used by other industry players to combat market competition. The comprehensive market report provides a fascinating microscopic look at the market. Corporations can detect the footprints of manufacturers by learning about demand, the global price of manufacturers, and the global benefit of manufacturing companies.

Key Development

☛ In 2023, ADM announced its intention to acquire PT Trouw Nutrition Indonesia, enhancing its animal nutrition capabilities in the region. This acquisition will bolster ADM's premix and feed additives and ingredients (FA&I) business while strategically positioning the company to meet the anticipated market growth and the increasing demand for protein.

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Animal Nutrition Market Segments

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviors.

✦ 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 Assessment:

Regional analysis includes segmentation based on the geography that accentuates the recent and future demand for Animal Nutrition market across North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also focuses on the demand for each application segment over all the prominent regions.

⇥ 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)

In terms of geographical analysis, Animal Nutrition Market report provides an in-depth view of:-

∎ Regional level break-up
∎ Leading growth rates
∎ Countries with the largest market share
∎ Market factors
∎ Latest developments
∎ Industry challenges
∎ Regulatory policies
∎ Player strategies

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This report provides a 360-degree synopsis of the competitive scenario of the Animal Nutrition industry. It has enormous awareness joined to the ongoing item and technical improvements in the business sector. It has a thorough analysis of the impact of the potential future development of these headways, a wide-ranging review of those extensions available for future growth.

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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