The increase in awareness regarding animal nutrition to enhance performance as well as the health of the animals among feed manufacturers, livestock farmers, pet food manufacturers, veterinarians, and others is the key factor propelling the growth of the global animal nutrition market. Moreover, people are becoming more aware of zoonotic diseases, which are caused by the spread of germs between humans and animals, which is creating concerns regarding human health and animal health and thus, is increasing the demand for animal nutrition globally. Hence, the rising awareness regarding animal health and the benefits of animal nutrition will increase the demand for animal nutrition products and will boost the market growth in the forecasted period.
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Data Bridge Market Research analyses that the animal nutrition market is expected to grow at a CAGR of 6.5% in the forecast period of 2021 to 2028 and is expected to reach USD 35,739.17 million by 2028. The increase in the non-vegetarian population and increase in the production of meat globally will increase the demand for animal nutrition products to enhance the performance as well as the health of animals which will boost the growth of the global animal nutrition market in the forecasted period.
Rising Innovations and Technological Advancements in Feed Industry is expected to drive the Market's Growth Rate
Innovations and technological advancements in the feed industry are creating a major opportunity for the animal nutrition market. Many manufacturers are constantly engaged in research and development for animal nutrition to produce innovative and sustainable feed products or animal nutrition products. The demand for animal feed is increasing to enhance the performance and health of animals, creating an immense opportunity for the animal nutrition market. Feed or animal nutrition manufacturers are offering the best technologies and ingredients to develop innovative feed additives to meet the growing demand. Moreover, manufacturers are also trying different combinations of additives to create the best product to help producers raise healthy livestock and poultry. The increase in the number of studies for technological advancement of animal feed or nutrition products to enhance productivity will create a great opportunity for the animal nutrition market globally. Thus, growing studies on technological advancement in the feed industry and for animal nutrition coupled with manufacturers using science-based innovative solutions to create animal nutrition products will create a great opportunity for the global animal nutrition market in the forecasted period.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020(Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Amino Acids, Enzymes, Carotenoids, Fiber, Antioxidants, Eubiotics, Lipids, Fatty Acids, Medicated Feed Additives, Minerals, Vitamins, and Others), Feed Type (Poultry Feed, Swine Feed, Ruminant Feed, Pet Food, and Others), End User (Feed Manufacturers, Veterinarians, Pet Food Manufacturers, Livestock Farmers, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa
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Market Players Covered
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Dow (U.S.), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark), DSM (Netherlands), DuPont (U.S.), Evonik Industries AG (Germany), NOVUS INTERNATIONAL (U.S.), Alltech (U.S.), Associated British Foods plc (U.K.), Charoen Pokphand Foods PCL (Thailand), Cargill, Incorporated (U.S.), Nutreco (Netherlands), ForFarmers. (Netherlands), De Heus Animal Nutrition (Netherlands), Land O'Lakes (U.S.), Kent Nutrition Group (U.S.), J. D. HEISKELL & CO. (U.S.), Perdue Farms (U.S.), SunOpta (Canada), Scratch and Peck Feeds (U.S.), De Heus Animal Nutrition (Netherlands), MEGAMIX (Russia), Agrofeed (Hungary)
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Data Points Covered in Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Segment Analysis:
Animal nutrition market is segmented on the based on the type, feed type, and end-user.
- On the basis of type, the animal nutrition market is segmented into amino acids, enzymes, carotenoids, fiber, antioxidants, eubiotics, lipids, fatty acids, medicated feed additives, minerals, vitamins, and others. In 2021, the medicated feed additives segment is expected to dominate the market growing with a CAGR of 6.3% in the forecast period of 2021 to 2028 due to the rising awareness regarding the use of feed additives to maintain the health of animals.
- On the basis of feed type, the animal nutrition market is segmented into poultry feed, swine feed, ruminant feed, pet food, and others. In 2021, the poultry feed segment is expected to dominate the market growing with a CAGR of 7.2%
The poultry feed segment is expected to dominate the market growing with a CAGR of 7.2%
In 2021, the poultry feed segment is expected to dominate the market growing with a CAGR of 7.2% in the forecast period of 2021 to 2028 due to the rising demand for poultry and its products across the world.
- On the basis of end users, the animal nutrition market is segmented into feed manufacturers, veterinarians, pet food manufacturers, livestock farmers, and others. In 2021, the feed manufacturers segment is expected to dominate the market growing with a CAGR of 6.8% in the forecast period of 2021 to 2028 due to rising demand for nutritional products among customers to maintain the health and wellbeing of the animals.
Major Players
Data Bridge Market Research recognizes the following companies as the major animal nutrition market players in animal nutrition market are Dow (U.S.), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark), DSM (Netherlands), DuPont (U.S.), Evonik Industries AG (Germany), NOVUS INTERNATIONAL (U.S.), Alltech (U.S.), Associated British Foods plc (U.K.), Charoen Pokphand Foods PCL (Thailand), Cargill, Incorporated (U.S.), Nutreco (Netherlands), ForFarmers. (Netherlands), De Heus Animal Nutrition (Netherlands), Land O'Lakes (U.S.), Kent Nutrition Group (U.S.), J. D. HEISKELL & CO. (U.S.), Perdue Farms (U.S.), SunOpta (Canada), Scratch and Peck Feeds (U.S.), De Heus Animal Nutrition (Netherlands), MEGAMIX (Russia), Agrofeed (Hungary).
Market Development
- In October 2021, BASF SE launched trinamiX mobile Near Infrared (NIR) spectroscopy solution to the feed industry. This mobile solution provides customers across the entire value chain with a fast and reliable on-site analysis of animal feed and ingredients. This helped the company to attract more customers as the customers no longer need to send the samples to the laboratory for testing instead, they can use this mobile solution
- In October 2021, BASF SE partnered with Cargill, Incorporated to develop, produce and market innovative enzyme-based solutions for the animal feed industry. With this partnership, the company increased the opportunities in creating products using enzymes in animal feed
Regional Analysis
Geographically, the countries covered in the animal nutrition market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
As per Data Bridge Market Research analysis:
North America is the dominant region in animal nutrition market during the forecast period
North America dominated the animal nutrition market owing to the increased demand for animal nutrition to enhance the performance of animals. North America will continue to dominate the animal nutrition market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period.
Asia-Pacific is estimated to be the fastest growing region in animal nutrition market
Asia-Pacific is expected to grow during the forecast period due to the increase in demand for animal nutrition to enhance the performance of animals. In addition, the growing presence of major market players are expected to propel the market's growth rate in this region.
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