What is Global Animal Nutrition Market?
The Global Animal Nutrition Market is a vast and dynamic sector that focuses on the dietary needs of animals. This market encompasses a wide range of products and services designed to enhance the health, productivity, and well-being of animals. These products include essential nutrients such as proteins, carbohydrates, fats, vitamins, and minerals, which are vital for the growth, reproduction, and maintenance of animal health. The market also includes services such as nutritional advice and diet planning, which are crucial for animal owners and farmers to ensure their animals receive a balanced diet. The Global Animal Nutrition Market is driven by several factors, including the increasing demand for animal-derived food products, the growing awareness about animal health, and the rising need for sustainable animal farming practices. However, the market also faces several challenges, such as the high cost of animal nutrition products and the lack of awareness about the importance of animal nutrition in some regions. Despite these challenges, the Global Animal Nutrition Market is expected to grow significantly in the coming years, thanks to the increasing investment in research and development activities and the introduction of innovative animal nutrition products and services.
Minerals, Amino Acids, Vitamins, Enzymes, Others in the Global Animal Nutrition Market:
The Global Animal Nutrition Market is segmented into various types based on the kind of nutrients they provide. These include minerals, amino acids, vitamins, enzymes, and others. Minerals are essential for various bodily functions in animals, such as bone formation, nerve function, and the production of hormones. They are usually provided in the form of mineral supplements or mineral-rich feeds. Amino acids are the building blocks of proteins and are crucial for growth and tissue repair. They are typically supplied through protein-rich feeds or amino acid supplements. Vitamins are necessary for various metabolic processes and are usually provided through vitamin supplements or vitamin-rich feeds. Enzymes are used to enhance the digestibility of feeds and improve nutrient absorption. They are typically added to animal feeds in the form of enzyme supplements. Other types of nutrients include fatty acids, probiotics, and prebiotics, which are used to improve gut health and boost immunity. Each of these nutrients plays a crucial role in animal nutrition and contributes to the overall growth of the Global Animal Nutrition Market.
Poultry Feeds, Ruminant Feeds, Pig Feeds, Others in the Global Animal Nutrition Market:
The Global Animal Nutrition Market finds its application in various areas, including poultry feeds, ruminant feeds, pig feeds, and others. Poultry feeds are designed to meet the nutritional needs of poultry birds such as chickens, turkeys, ducks, and geese. They typically contain a balanced mix of proteins, carbohydrates, fats, vitamins, and minerals to ensure the birds grow healthily and produce high-quality meat and eggs. Ruminant feeds are used to feed ruminant animals such as cows, sheep, and goats. They are specially formulated to support the unique digestive system of ruminants and provide them with the necessary nutrients for growth, reproduction, and milk production. Pig feeds are used to feed pigs and are designed to provide the pigs with the necessary nutrients for growth and meat production. Other applications of the Global Animal Nutrition Market include pet feeds, aquafeed, and horse feeds, each of which is tailored to meet the specific nutritional needs of the respective animals. The wide range of applications of the Global Animal Nutrition Market underscores its importance in the animal farming industry.
Global Animal Nutrition Market Outlook:
The Global Animal Nutrition Market, which was valued at US$ 55140 million in 2022, is projected to reach US$ 62570 million by 2029. This represents a compound annual growth rate (CAGR) of 1.8% during the forecast period from 2023 to 2029. The market is dominated by the top 3 players who collectively hold about 10% of the global market share. The primary type of product in this market is minerals, which account for about 55% of the market. The main application of these products is in poultry feeds, which hold about 46% of the market share. This data provides a snapshot of the current state of the Global Animal Nutrition Market and highlights the key players, products, and applications in this market.
| Report Metric | Details |
| Report Name | Animal Nutrition Market |
| Accounted market size in 2023 | US$ 55140 million |
| Forecasted market size in 2030 | US$ 62570 million |
| CAGR | 1.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Evonik, Adisseo, CJ Group, Novus International, DSM, Meihua Group, Kemin Industries, Zoetis, BASF, Sumitomo Chemical, ADM, Alltech, Biomin, Lonza, Lesaffre, Nutreco, DuPont, Novozymes |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
