Animal Nutrition Market Research Repot 2023
Animal Nutrition Market Size By Type Of Nutrition (Amino Acids, Enzymes, Carotenoids, Fiber, Others), Animal (Companion animal, Livestock), Feed Type (Poultry Feed, Swine Feed, Ruminant Feed, Pet Food, Others), End User (Feed Manufacturers, Veterinarians, Pet Food Manufacturers, Livestock Farmers, Others) And Region Global Market Analysis and Forecast, 2023-2030
Global Animal Nutrition Market Synopsis
The Global Animal Nutrition Market size was reasonably estimated to be approximately USD 42,081.98 Million in 2023 and is poised to generate revenue over USD 53,178.97 Million by the end of 2030, projecting a CAGR of around 3.40% from 2023 to 2030.
Animal nutrition is the composition and characteristics of the material consumed by the animal, and how this material is metabolized (converted, utilized, and excreted) in the digestive tract.
- Animals derive their nutrition only from their feeding habits, which are different in different species like butterflies and honey bees suck the nectars from flowers.
- Herbivores depend on the plant for their nutrition, A carnivore is an organism that mostly eats meat or the flesh of animals. An omnivore is an animal that can eat and survive on both plant and animal matter for their nutrition.
- Nutrition in animals depends upon the feeding habits of the animals. The process of taking in food is called ingestion. The method of ingestion is different in different a
- Like humans, livestock animals need a balanced diet containing all the necessary nutrients, fluids, minerals, and vitamins. Proper nutrition gives animals the vigor to grow, develop, and reproduce, and strong immunity to fight off infections
- Animal Nutrition involves the analysis of the chemical composition of food, the biological processes of digestion and absorption, and the metabolic pathways that transform nutrients into energy, building blocks for tissue growth, and other vital components of the body.
- The goal of animal nutrition is to optimize the nutritional requirements of animals to enhance their health, productivity, and overall well-being. It is an important field in agriculture, veterinary medicine, and animal science, with applications ranging from livestock production to wildlife conservation.
Top Key Players Involved Are:
"Cargill (U.S), Archer Daniels Midland Company (U.S), Biovet (Canada), Bluestar Adisseo(China), Evonik Industries (Germany), BASF SE (Germany), Advanced Enzyme Technologies Limited (India), AB Vista (UK), Kemin Industries (U.S), Lallemand (Canada), Dow Chemical Company (U.S), Alltech (Nicholasville), Novozymes A/S (Denmark), Tata Chemicals (India), Nutreco N.V (Netherland), Adisseo France SAS (France), DuPont (U.S), Royal DSM N.V. (Netherlands), ForFarmers N.V.(Netherland), Nutreco N.V (Netherland) and Other Major Players."
The Global Animal Nutrition Market Trend Analysis
Increasing Commercial Livestock production
- Commercial livestock production requires a large amount of animal feed to provide the necessary nutrients for the animals. This increased demand for animal feed leads to the development of a diverse range of animal feed products that cater to the specific nutritional requirements of different livestock animals. As a result, the animal nutrition market expands to meet the demand for specialized animal feed products.
- Commercial livestock producers are increasingly aware of the importance of animal nutrition in animal health and productivity. This awareness leads to the adoption of better feeding practices, including the use of high-quality animal feed, feed supplements, and feed additives. This increased demand for specialized animal nutrition products further drives the growth of the animal nutrition market.
- In Conclusion, commercial livestock production plays a significant role in enhancing the animal nutrition market by driving demand for specialized animal feed products, encouraging research and development in animal nutrition, increasing awareness of animal nutrition, and driving competitive pricing for animal feed products.
Demand For the Protein-Rich Animal Feed Ingredients
- The market of animal nutrition in protein-rich feed ingredients is expected to continue to grow in the coming years, driven by factors such as increasing demand for animal protein, rising feed costs, and a focus on sustainable and efficient animal production. Furthermore, new sources of protein, such as insect meal, algae, and single-cell proteins, are being developed and could offer additional opportunities for the animal nutrition market.
- Protein-rich feed ingredients, such as soybean meal, corn gluten meal, and distillers dried grains with solubles (DDGS), are commonly used in animal feed. These ingredients provide the necessary amino acids that are essential for animal growth, development, and maintenance. In addition, protein-rich feed ingredients are often cost-effective and readily available, making them a popular choice for many farmers and feed manufacturer
- Soybean remains the most important and preferred source of high-quality vegetable protein for animal feed manufacture. Soybean meal, which is the by-product of oil extraction, has a high crude protein content of 44 to 50 percent and a balanced amino acid composition, complementary to maize meal for feed formulation. A high level of inclusion (30-40 percent) is used in high-performance monogastric diets.
- In conclusion, the animal nutrition market has significant opportunities in the use of protein-rich feed ingredients, and this trend is expected to continue in the coming years. As the demand for protein-rich food increases, feed manufacturers will need to explore new and innovative sources of protein to meet the needs of the growing global population.
Segmentation Analysis of The Global Animal Nutrition Market
Global Animal Nutrition Market segments cover the Type, animals, feed type, and end-users. By Feed Type, the Poultry segment is Anticipated to Dominate the Market Over the Forecast period.
- Poultry products such as chicken and eggs are widely consumed across the world. Therefore, the demand for poultry feed is high, which drives the growth of the poultry segment in the animal nutrition market.
- Poultry is highly efficient at converting feed into meat and eggs compared to other animals, making them a cost-effective source of protein. This makes it more profitable for farmers to invest in poultry production, and hence, the demand for poultry feed is high
- With the advancement of technology in animal nutrition, there has been significant progress in developing feed formulations that can maximize the growth and productivity of poultry. This has further boosted the demand for poultry feed
- Poultry products are considered to be a healthier source of protein as they are low in fat and high in essential nutrients. This has led to an increase in the consumption of poultry products, which, in turn, has boosted the demand for high-quality poultry feed with a lower environmental impact, is eco-friendly, and which is a sustainable source of protein.
- All of these factors like efficiency, protein-rich, eco-friendly, and Advance technology contribute to the dominance of the poultry segment in the animal nutrition market.
Source: Statista
According to the above graph, the growing number of chickens drives the Animal Nutrition Market. With the increase in the Number of chickens around the world, the demand for Poultry Feed is expected to rise further. Poultry Feed is being initiated all over the country indicating that the Animal Nutrition Market is expanding, as a result, the number of Chickens is increasing in the world, which increases the demand for the Animal Nutrition Market.
Regional Analysis of The Global Animal Nutrition Market
Asia Pacific is Expected to Dominate the Market Over the Forecast Period.
- The Asia Pacific region has a large and growing population that is India and China, with increasing demand for animal protein due to rising incomes and changing livestock habits.
- The region is also a major producer of livestock, with significant growth in the dairy, poultry, and swine industries. This has created a large market for animal nutrition products to support the health and productivity of livestock by implementing certain policies and with research and development authorities.
- As the base for the economy in most of the countries in the Asia Pacific region is agriculture, the commercial and livestock depend on the Agri sectors for nutrition. Agriculture increases in the region to increase the animal nutrition market
- Overall, the factors like population, demand, agriculture, and government policies have contributed to the Asia Pacific region becoming a dominant player in the global animal nutrition market.
Covid-19 Impact Analysis on Animal Nutrition Market
- The pandemic has caused significant disruptions to global supply chains, including those in the animal nutrition market. Lockdowns, travel restrictions, and border closures have made it difficult to transport goods, which has led to shortages of raw materials and finished products.
- The pandemic has also led to reduced demand for animal nutrition products in some sectors, particularly those related to animal products due to the economic uncertainty which affects the animal nutrition market.
- The pandemic has also led to shifts in product demand within the animal nutrition market. For example, there has been an increased demand for products that support animal health and immunity, as well as alternative protein sources.
- Overall, the impact of COVID-19 on the animal nutrition market has been complex and multifaceted, with both positive and negative effects. However, it is expected that the animal nutrition market will continue to grow in the coming years, as the demand for animal products for human consumption continues to increase.
Top Key Players Covered in The Animal Nutrition Market
- Cargill (U.S)
- Archer Daniels Midland Company (U.S)
- Biovet (Canada)
- Bluestar Adisseo(China)
- Evonik Industries (Germany)
- BASF SE (Germany)
- Advanced Enzyme Technologies Limited (India)
- AB Vista (UK)
- Kemin Industries (U.S)
- Lallemand (Canada)
- Dow Chemical Company (U.S)
- Alltech (NicholasVille)
- Novozymes A/S (Denmark)
- Tata Chemicals (India)
- Nutreco N.V (Netherland)
- Adisseo France SAS (France)
- DuPont (U.S)
- Royal DSM N.V. (Netherlands)
- ForFarmers N.V.(Netherland)
- Nutreco N.V (Netherlands) and Other Major Players.
Key Industry Developments in the Animal Nutrition Market
In January 2023, BASF and Cargill further expand their partnership to offer high-performance enzyme solutions to animal protein producers in the United States. By combining the enzyme research and development strengths of BASF with Cargill’s know-how in the application and broad market reach, the partners will form a joint innovation pipeline for animal protein producers.
In April 2022, Primient launched into Animal Nutrition Market. The company was established as the result of Tate & Lyle selling a controlling stake in its primary products business. The Primient portfolio includes developing animal feeds with high-quality energy and nutrients to ensure animals have the nutrition they need to perform.
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Global Animal Nutrition Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030. |
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Historical Data: |
2016-2022 |
Market Size in 2021: |
USD 42,081.98 Mn. |
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Forecast Period 2023-30 CAGR: |
3.40% |
Market Size in 2028: |
USD 53,178.97 Mn. |
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Segments Covered: |
By Type |
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By Animals |
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By Feed Type |
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By End Users |
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By Region |
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Global Animal Nutrition Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030. |
|
Historical Data: |
2016-2022 |
Market Size in 2021: |
USD 42,081.98 Mn. |
|
Forecast Period 2023-30 CAGR: |
3.40% |
Market Size in 2028: |
USD 53,178.97 Mn. |
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Segments Covered: |
By Type |
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By Animals |
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By Feed Type |
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By End Users |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the Report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type of Nutrition
3.2 By Animal
3.3 By Feed Type
3.4 By End Users
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
Frequently Asked Questions
What would be the forecast period in the Animal Nutrition Market research report?
The forecast period in the Animal Nutrition Market research report is 2023-2030.
Who are the key players in Animal Nutrition Market?
Cargill (U.S), Archer Daniels Midland Company (U.S), Biovet (Canada), Bluestar Adisseo(China), Evonik Industries (Germany), BASF SE (Germany), Advanced Enzyme Technologies Limited (India), AB Vista (UK), Kemin Industries (U.S), Lallemand (Canada), Dow Chemical Company (U.S), Alltech (Nicholasville), Novozymes A/S (Denmark), Tata Chemicals (India), Nutreco N.V (Netherland), Adisseo France SAS (France), DuPont (U.S), Royal DSM N.V. (Netherlands), ForFarmers N.V.(Netherland), Nutreco N.V (Netherland) and Other Major Players.
What are the segments of the Animal Nutrition Market?
The Animal Nutrition Market is segmented into Type of nutrition, Animals, Feed Type, End Users, and region. By Type of nutrition, the market is categorized into Amino Acids, Enzymes, Carotenoids, Fiber, and Others. By Animals, the market is categorized into Companions and Livestock. By Feed Type, the Market is Categorized into Poultry Feed, Swine Feed, Ruminant Feed, Pet Food, and Others. By End Users, the market is categorized into Feed Manufacturers, Veterinarians, Pet Food Manufacturers, Livestock Farmers, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Animal Nutrition Market?
Animal nutrition is the composition and characteristics of the material consumed by the animal, and how this material is metabolized (converted, utilized, and excreted) in the digestive tract. Animals derive their nutrition only from their feeding habits, which are different in different species like butterflies and honey bees suck the nectars from flowers. Herbivores depend on the plant for their nutrition, A carnivore is an organism that mostly eats meat or the flesh of animals. An omnivore is an animal that can eat and survive on both plant and animal matter for their nutrition.
How big is the Animal Nutrition Market?
The Global Animal Nutrition Market size was reasonably estimated to be approximately USD 42,081.98 Million in 2023 and is poised to generate revenue over USD 53,178.97 Million by the end of 2030, projecting a CAGR of around 3.40% from 2023 to 2030.
