Global Animal Nutrition Market, By 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 Users (Feed Manufacturers, Veterinarians, Pet Food Manufacturers, Livestock Farmers, and Others)– Industry Trends and Forecast to 2031.
Animal Nutrition Market Analysis and Size
The animal nutrition market meets the rising demand for high-quality and nutritionally balanced pet food. Catering to discerning pet owners, the market offers a diverse range of pet nutrition products, such as specialized diets, supplements, and treats, specifically designed to address the unique dietary requirements of different companion animals. This application underscores the increasing preference for premium and functional pet food, contributing significantly to the overall health, well-being, and longevity of pets globally.
Data Bridge Market Research analyses the global animal nutrition market, which was USD 26.09 billion in 2023, is expected to reach USD 43.18 billion by 2031, at a CAGR of 6.5% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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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2024-2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, 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 Users (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, France, Spain, Turkey, U.K., Netherlands, Russia, Switzerland, Poland, Belgium, Sweden, Denmark, Italy and Rest of Europe, China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, New Zealand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Brazil, Argentina and rest of South America, South Africa, Saudi Arabia, U.A.E., Oman, Qatar, Kuwait, and Rest of Middle East and Africa
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Market Players Covered
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Cargill, Incorporated (U.S.), DSM (Netherlands), Kemin Industries, Inc. (U.S.), Alltech (U.S.), Phibro Animal Health Corporation (U.S.), Mercer Milling Company, Inc. (U.S.), Rossari Biotech Limited (India), ADM (U.S.), About Aries Agro Limited (India), Avitech Nutrition Pvt. Ltd. (India), Advanced Enzyme Technologies (India), Zoetis Services LLC (U.S.), Glanbia PLC (Ireland), DuPont (U.S.), Zinpro (U.S.), Novus International, Inc. (U.S.), NORVITE ANIMAL NUTRITION COMPANY LIMITED. (U.K.), Biovet, S.A (Spain), Adisseo (China), Balchem Corp. (U.S.), Vetoquinol (France), EW Nutrition (Germany), BASF SE (Germany), Chr. Hansen A/S, part of Novonesis (Denmark), SIA Manufacturing Pvt Ltd (Latvia), Azelis group (Belgium)
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Market Opportunities
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Market Definition
Animal nutrition, encompassing proteins, carbohydrates, fats, vitamins, and minerals, plays a pivotal role in sustaining the health and performance of livestock and companion animals. Adequate nutrition is essential for promoting well-being, supporting growth, and optimizing production efficiency in livestock. A balanced intake of proteins, carbohydrates, and fats ensures proper energy levels, while vitamins and minerals contribute to metabolic functions and disease resistance.
Global Animal Nutrition Market Dynamics
Drivers
- Increasing Demand for High-Quality Animal Protein
As consumer preferences shift towards healthier and protein-rich diets, there is a rising need for superior animal nutrition to enhance livestock productivity. This demand is particularly prominent in developing economies where a growing population and rising disposable incomes contribute to higher consumption of meat and dairy products. Consequently, the animal nutrition market is expanding to meet the requirements for optimal animal health and performance, fostering innovation and development in the industry.
- Technological Advancements in Feed Additives Enhance Feed Conversion Rates
Innovative additives, such as advanced enzymes, probiotics, and precision nutrition solutions, contribute to improved nutrient absorption and digestion in animals. This leads to enhanced overall feed efficiency, promoting faster and more effective conversion of feed into animal products. As a result, the increased efficiency and productivity in animal farming, driven by these technological advancements, contribute to the growth and expansion of the global animal nutrition market.
Opportunities
- Functional Feed Ingredients for Animal Health
The growing demand for functional feed ingredients promotes animal health and well-being. Innovations in incorporating probiotics, prebiotics, enzymes, and other bioactive compounds into animal diets can improve digestive health, enhance immunity, and boost performance. Capitalizing on this trend offers opportunities for companies to develop and market specialized nutritional solutions for livestock and companion animals.
- Expansion of Aquaculture Increases the Demand for Seafood
Developing specialized feeds that address the nutritional requirements of diverse aquatic species, while also focusing on sustainability and environmental impact, can position companies to cater to the growing needs of the aquaculture sector. As aquaculture continues to expand, there is potential for substantial growth in the market for aquafeed and related nutritional solutions.
Restraints/Challenges
- Regulatory Challenges Delays the Launch of New Products
Regulatory challenges pose a significant restraint to the global animal nutrition market by introducing complexities in product formulation, labeling, and marketing. Stringent regulations related to ingredients, safety standards, and environmental sustainability can hinder innovation and product development. Compliance with diverse and evolving regulatory frameworks across different regions increases operational costs for companies in the animal nutrition sector.
- Fluctuating Raw Material Prices Impacting Operational Expenses
Fluctuations in the prices of key ingredients, such as grains, soybean meal, and vitamins, impact the production costs for animal feed. This volatility can lead to increased operational expenses for animal nutrition manufacturers, making it challenging to maintain stable pricing for their products. As a result, the industry faces uncertainties in profit margins, hindering long-term planning and investment. The unpredictable nature of raw material prices adds complexity to supply chain management, limiting the growth potential of the global animal nutrition market.
This global animal nutrition market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global animal nutrition market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In March 2023, Evonik is increasing its annual MetAMINOproduction capacity on Jurong Island, Singapore, by 40,000 metric tons to reach 340,000 metric tons by Q3 2024. The significant investment aims to achieve this expansion, with the MetAMINOmanufacturing in Singapore boasting a 6% lower carbon footprint due to proposed process improvements
- In February 2023, Evonik introduces PhytriCare IM, a plant-based product rich in flavonoids, known for reducing inflammation. Targeting dairy cows, sows, and laying hens, the product is now available across the EU, aiming to contribute to the overall health and well-being of livestock
- In March 2023, Trouw Nutrition announces MyFeedPrint, an online service providing environmental footprint data for animal feed products. Intending to enhance transparency in the livestock value chain, this program empowers farmers, feed manufacturers, and integrators to measure the environmental impact of animal feed, fostering a more sustainable future for animal nutrition
- In April 2023, BASF collaborates with Schothorst Feed Research (SFR), granting non-exclusive licensing rights to OpteinicsTM, BASF's digital tool for tracking the environmental impact of feed and animal protein. SFR plans to incorporate OpteinicsTM into its global animal nutrition consultancy services, working in collaboration with BASF to assist feed and animal producers in understanding and minimizing their environmental effects, promoting more sustainable feed and animal protein production
- In October 2021, BASF SE launched the trinamiX mobile Near Infrared (NIR) spectroscopy solution for the feed industry, streamlining on-site analysis of animal feed and ingredients. This innovation eliminates the need for customers to send samples to laboratories, providing a faster and more convenient testing process, consequently attracting more customers across the value chain
Global Animal Nutrition Market Scope
The global animal nutrition market is segmented on the based on the type, feed type, and end users. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Type
- Amino Acids
- Enzymes
- Carotenoids
- Fiber
- Antioxidants
- Eubiotics
- Lipids
- Fatty Acids
- Medicated Feed Additives
- Minerals
- Vitamins
- Others
Feed Type
- Poultry Feed
- Swine Feed
- Ruminant Feed
- Pet Food
- Others
End Users
- Feed Manufacturers
- Veterinarians
- Pet Food Manufacturers
- Livestock Farmers
- Others
Global Animal Nutrition Market Regional Analysis/Insights
The global animal nutrition market is analysed, and market size information is provided by the country, type, feed type, and end users as referenced above.
The countries covered in the global animal nutrition market report are the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Sweden, Switzerland, Netherlands, Belgium, Russia, Turkey, and rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, and rest of Asia-Pacific, Brazil, Argentina, and rest of South America, South Africa, Saudi Arabia, U.A.E., Kuwait, and rest of Middle East and Africa .
In Asia-Pacific, China is expected to experience the highest growth rate in the animal nutrition market. As awareness of the crucial role nutrition plays in optimizing animal health and productivity increases, the market for specialized feed types is expected to expand rapidly in response to the growing needs of the agriculture and livestock industries in China. In Asia-Pacific, Japan is dominating due to the increasing consumer demand for meat and its by-products. This surge in demand within the type segment reflects a preference for meat-related products, indicating a substantial market share driven by consumer preferences and consumption patterns in the region.
In Europe, Germany dominates the animal nutrition market due to the rise in disposable income among the population. With increased affluence, there has been a corresponding surge in the consumption of meat products, reflecting changing dietary preferences and lifestyle choices in Germany.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Animal Nutrition Market Share Analysis
The global animal nutrition market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to global animal nutrition market.
Some of the major players operating in the global animal nutrition market are:
- Cargill, Incorporated (U.S.)
- DSM (Netherlands)
- Kemin Industries, Inc. (U.S.)
- Alltech (U.S.)
- Phibro Animal Health Corporation (U.S.)
- Mercer Milling Company, Inc. (U.S.)
- Rossari Biotech Limited (India)
- ADM (U.S.)
- About Aries Agro Limited (India)
- Avitech Nutrition Pvt. Ltd. (India)
- Advanced Enzyme Technologies (India)
- Zoetis Services LLC (U.S.)
- Glanbia PLC (Ireland)
- DuPont (U.S.)
- Zinpro (U.S.)
- Novus International, Inc. (U.S.)
- NORVITE ANIMAL NUTRITION COMPANY LIMITED. (U.K.)
- Biovet, S.A (Spain)
- Adisseo (China)
- Balchem Corp. (U.S.)
- Vetoquinol (France)
- EW Nutrition (Germany)
- BASF SE (Germany)
- Chr. Hansen A/S, part of Novonesis (Denmark)
- SIA Manufacturing Pvt Ltd (Latvia)
- Azelis group (Belgium)
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