Asia-Pacific Animal Nutrition Market is expected to grow with the CAGR of 6.5% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.
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Asia-Pacific animal nutrition market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in Asia-Pacific animal nutrition market are introducing strong range of products along with launching new products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.
For instance,
- In September 2021, DSM created separate animal nutrition and health division to focus on products for animal products in sustainable way. The new unit incorporates products such as carotenoids and vitamins. This development helped the company to focus on animal health and provide best solutions and also in gaining more revenue
DSM is the dominating player in Asia-Pacific animal nutrition market. The other key players existing in the market are Cargill, Incorporated, Kemin Industries, Inc., Alltech, Phibro Animal Health Corporation, Rossari Biotech Limited, ADM, Aries Agro Limited, Avitech Nutrition Pvt. Ltd., Advanced Enzyme Technologies, Zoetis, Glanbia plc, DuPont (IFF Nutrition & Biosciences), NOVUS INTERNATIONAL, BENEO, Bluestar Adisseo Co., Ltd., Balchem Inc., Vetoquinol S.A., Novozymes, EW Nutrition, BASF SE, Chr. Hansen Holding A/S, Brenntag Latvia, SIA, and azelis among others.
DSM
DSM was founded in 1902 and is headquartered in in Maastricht, The Netherlands. The company focuses in producing and manufacturing wide range of nutritional, pharmaceutical ingredients, and industry chemicals. The company has product categories such as Animal feed, dietary supplements, early life nutrition, food & beverage, and personal care, in which animal feed is the market focused category.
For instance,
- In September 2021, DSM created separate animal nutrition and health division to focus on products for animal products in sustainable way. The new unit incorporates products such as carotenoids and vitamins. This development helped the company to focus on animal health and provide best solutions and also in gaining more revenue
The company has its presence across Europe, North America, Asia-Pacific, Middle East and Africa, and Latin America.
Cargill, Incorporated
Cargill, Incorporated was founded in the year 1870, and is headquartered in Minnesota, U.S. The company focuses on producing food, agricultural, animal nutrition, financial and industrial products in safe and sustainable way. The company has product categories including agriculture, animal nutrition, beauty, bio industrial, carbon solutions, foodservices, food & beverage, industrial, pharmaceutical, meat and poultry, in which animal nutrition is the market focused category.
For instance,
- In September 2019, Cargill, Incorporated revamped its animal-nutrition unit and created new business group called Cargill Health Technologies, which focuses on digestive health and immunology of farm animal. This reorganization helped the company to grow the business of animal nutrition by responding to growing concerns among consumers and farmers over animal health and wellness
The company has presence across North America, Latin America, Europe, Middle East and Africa, and Asia-Pacific.
Alltech
Alltech was founded in the year 1980, is headquartered in Kentucky, U.S. The company focuses on providing nutrition to improve the health and performance of people, animals and plants through scientific innovation. The company has product category such as animal nutrition and crop science in which animal nutrition is the market focused category.
For instance,
- In October 2020, Alltech partnered with Pennsylvania National Horse Show to supply their Lifeforce premium equine supplements for 2021, horse show. This partnership provided a platform to the company to promote their products and eventually gain more revenue
The company has presence in Europe, Middle East and Africa, Latin America, North America, and Asia-Pacific.
