Global Animal Nutrition Market: Demand Analysis and Growth Forecast
Incubator farming is the emerging trend in the global animal nutrition market, which enhances feed efficiency and provides cost-benefits to the livestock producers by improving animal health. According to a recent business publication of IndustryARC, the global animal nutrition market size hovered around $16.80 billion – $17.01 billion in 2018, and the demand will be growing at a CAGR of 5% to 6% during the forecast period 2019-2025. To ensure the quality of animal products and to maintain the health of livestock, producers have been seeking for nutritional products and also to meet the rising demand for meat supplements. The report is titled “Animal Nutrition Market: By Species (Aquaculture, Poultry, Ruminants, Swine, Pet, Equine); By Nutrient (Carotenoids, Eubiotics, Vitamins, Enzymes, Minerals, Lipids, Cereals, Carbohydrates); By Administrative method (Oral, Topical, Injection); By End-user (Farms, Households, Veterinarians, Zoos, Animal sherlters); By Geography - Forecast (2019-2025).”
Stringent government regulations and ban on the usage of antibiotics as growth promoters for livestock have created new business opportunities for the animal feed manufacturers. Consequently, increased the demand for various feed additives such as acidifiers, feed enzymes, organic acids and eubiotic products which improves meat quality. This information is taken from the report of IndustryARC,
Browse 77 Market Tables, 178 Figures spread through 143 slides and an in-depth TOC “Animal Nutrition Market (2019 - 2025)”
Global Animal Nutrition Market: Leading Segments
Geographically, Asia-Pacific held the major share of around 29% to 31% in the global animal nutrition market in 2018. Owing to the recent outbreak of swine flu, which not only effected the pigs but also exhibited a greater impact on the people life as well. According to a recent report from Union Health and Family Welfare Ministry’s Integrated Disease Surveillance Project, around 2,375 people were effected by swine flu in 2018. This has resulted in increased government regulations to add feed additives such as amino acids, macro nutrients, and dietary minerals to animal feed to improve the nutritional levels. Further, helps in the mass production of quality meat.
Amino acids and nutrients are the essential feed additives in animal nutrition products, which are estimated to grow at a CAGR of 5.5% to 6.5% over the forecast period. These products play a major role in the healthy growth and maintenance of animals. Soya bean meal and rape seed meal are some of the food provided to the animals, which are great sources of amino acids.
Global Animal Nutrition Market Trends
- Increased consumption of milk is rising the demand for milk productivity through appropriate feeding practices. Nutrient rich meals which contain notable proportions of minerals, fats and feed grade urea are supplied to the buffaloes, to improve milk production and productive life.
- Currently, some drugs are being injected into the cattle to enhance their nutrition levels. Cefenil is one such drug approved by the government, which is used for controlling swine bacterial respiratory disease in cattle. Thus, further increases the lifespan of cattle.
- Supplying nutrients to animals through injections is the latest trend in the global animal nutrition market. Injections include animal nutritional delivery methods such as intravenous, and intramuscular, to provide nutrients such as Vitamin A, and Vitamin E to the animals.
Global Animal Nutrition Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global animal nutrition market are Cargill Incorporated, The DOW chemical company, Jubilant life sciences, DSM Company, BASF SE, Archer daniels midland company, Dupont, Alltech, Kemin industries, Adisseo France SAS, Evonik industries, Novozymes, and Neutreco N.V.
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Animal Feed Additive Market: By Species (aquaculture, poultry, ruminants, swine, pets, equine); By Type (zoo technical additives, nutritional feed additives, sensory feed additives, Coccidiostats and Histomonostats, sugar based products, direct fed microbial); By end users (farms, households, veterinarians, zoo, animal shelters); By Geography - Forecast (2018-2023)
Companion Animal Feed ingredients Market: By Type (Starch, Fats/ Oils, Ground Meal, Fibers etc.); By Animal Type (Feline, Canine, Equine etc.); By Source (Cereals, Soy, Meat and Bone Meal, Oilseeds etc.); By Application (Dry Kibble, Wet Food etc.); By Supplement Functionality; and By Geography - Forecast(2018 - 2023)
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