Pune, India, Nov. 22, 2021 (GLOBE NEWSWIRE) — According to MarketStudyReport, global animal nutrition market size was valued at USD 26.54 billion in 2020 and is estimated to record a strong CAGR of over 2021-2026, subsequently accruing significant revenues by the end of forecast period.
Proceeding further, the report details on various market segmentations including ingredient type, species range, along with analysis of regional opportunities. It also constitutes detailed profiles of major players to offer a clear understanding of the competitive scenario in the industry sphere.
Rising demand for safe & nutritious animal food, improved knowledge among producers regarding animal health, rising meat consumption, and awareness about limitations of antibiotics are the major factors driving the market growth.
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In addition, the demand for animal nutrition is growing rapidly among animal farmers so as to get faster output of meat & animal-based product as well as avoid diseases & deficiencies among their livestock. Expanding animal rearing practices, and rising population of domesticated animals are contributing to the growth animal feed industry as well as the animal nutrition industry.
Market segmentation overview
Considering species type, the industry is segmented into poultry, swine, ruminants, aqua, and pet. Based on ingredients, the marketplace is categorized into minerals, enzymes, vitamins, and amino acids/others.
As per the estimates, amino acids/others segment is poised to expand significantly over the estimated timeline as amino acids play an important role in the productivity of farm animals, from growth to production and reproduction, and can contribute immensely to the profitability of a farm.
The regional analysis of global animal nutrition marketplace covers North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
Experts cite that Asia pacific market is likely to garner significant returns over the assessment period, owing to rising population along with rapid urbanization in emerging economies of the region. Moreover, countries like India, China and Japan present lucrative opportunities for the market growth.
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Summarizing the competitive scope
Prominent players swaying the global animal nutrition industry dynamics are Alltech Inc., Cargill Inc., CEVA Animal Health (Pty) Ltd., Elanco Animal Health Inc., Koninklijke DSM N.V., Balchem Corporation, Adisseo, Evonik Industries AG, Bunge Limited, and Archer-Daniels-Midland Company.
Global Animal Nutrition Market by Ingredient Type (Revenue, USD Million, 2016-2026)
- Amino Acids/Other
Global Animal Nutrition Market by Species Type (Revenue, USD Million, 2016-2026)
Global Animal Nutrition Market Regional Terrain (Revenue, USD Million, 2016-2026)
- Rest of Asia-Pacific
- Rest of Europe
Rest of the World
Global Animal Nutrition Market Competitive Dashboard (Revenue, USD Million, 2016-2026)
- Alltech Inc.
- Cargill Inc.
- CEVA Animal Health (Pty) Ltd.
- Elanco Animal Health Inc.
- Koninklijke DSM N.V.
- Balchem Corporation
- Evonik Industries AG
- Bunge Limited
- Archer-Daniels-Midland Company
Aquafeed And Aquaculture Additives Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
The global aquafeed and aquaculture additives market is projected to exhibit notable growth by 2027 owing to prevalent demand for seafood across the globe. Moreover, increasing emphasis on reducing the environmental impact of the sector is slated to further support market growth through the forecast period. The COVID-19 outbreak disrupted the global supply chain and adversely impacted numerous industries, including the aquaculture industry, which hampered market growth to a certain extent. However, with successful vaccination drives and rising focus on economic recovery around the world, the market is gradually regaining its pre-COVID momentum. From the regional perspective, the Latin America aquafeed and aquaculture additives market is expected to witness steady growth by 2027, delivering a CAGR of more than 3.3 % over the analysis period. Chile is the largest producer of aquafeed in LATAM owing to its highly developed salmon industry with respect to technology and nutrition, which is slated to impel regional market expansion in the forthcoming years.
Pet Food Ingredients Market Size, Industry Analysis Report, Regional Outlook Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026
The global pet food ingredients market size is projected to record commendable gains by 2026, driven by increasing pet adoption across the globe and consumer spending on premium-quality pet health and nutrition products. With a dramatic rise in pet ownership worldwide, a large number of new players have entered the pet food industry and a wide range of high-quality products are available in the market today. Phosphates, amino acids, acidifiers, vitamins, carotenoids, and specialty proteins, among others, are the various types of pet food ingredients. Phosphate pet food ingredients market size is estimated to register a steady CAGR of 2.6% through 2026, as phosphates are essential nutrients in animal diets and play a vital role in growth and overall development of animals.
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