Global Nutrients and Acids in Animal Nutrition Market was Valued at US$ XX Mn in 2018, Due to Increase in the Adoption of Pets and Rising Population and Increase in Consumption of Milk and Meat Products
Analyst Speak:
“The Global Nutrients and Acids in Animal Nutrition Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR over seven years forecast period 2019-2025” owing to increase in the adoption of pets and rising population and increase in consumption of milk and meat products drives the growth of the market.
Precision Business Insights (PBI) in its report titled “Global Nutrients and Acids in Animal Nutrition Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
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The global nutrients and acids in animal nutrition market was valued at US$ XX Mn in 2018 and growing at a significant CAGR over the forecast period due to increase in demand for milk and meat products across the globe and rising care and concern for the animal health are major driving factors of nutrients and acids in animal nutrition market over the forecast period. In addition, stringent regulations to offer the sufficient and required nutrients and increasing awareness on health feed boosts the growth of the market. However, lack of awareness and high cost of feed and supplements hampers the growth of the market
Global nutrients and acids in animal nutrition market segmented on the basis of product type and animal type.
Aquatic Feed Nutrients and Acids in Animal Nutrition Market accounted for higher revenue share
Based on animal type, global nutrients and acids in animal nutrition market segmented into poultry feed, aquatic feed, canine feed, equine feed, swine feed, ovine feed, and bovine feed. Aquatic feed accounted higher revenue share in 2018 and expected to dominate over the forecast period owing to increased demand for sea food in the market and rising aquaculture in Asia Pacific region and demand for nutrients and acids in animal nutrition boosts the growth of the market. In addition, increase in consumption of sea food and sea products fuels the growth of the market over forecast period.
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Asia Pacific leads the Global Nutrients and Acids in Animal Nutrition Market
PBI’s global Nutrients and Acids in Animal Nutrition Market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, Asia Pacific holds larger revenue share in 2018 and the same trend is projected to follow over 2019-2025 due to increasing population across the region and increased consumption of milk and meat products drives the growth of the market over forecast years. South America is expected to exhibit significant growth rate over forecast period due to higher consumption of amino acids for animal feed additives and is available at low cost and is easily available in the market.
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Launch of New Products and Strategic Collaborations among the players are the key strategies adopted by the market players
Global nutrients and acids in animal nutrition market further reveals that the key player’s increasingly adopting strategies such as development and launch of new products and strategic alliances with the other companies to enhance the market revenue and strengthen their position in the market. For instance, In 2016 BASF introduced new phytase Natuphos E at the IPPE in Atlanta, USA. Natuphos E is a feed enzyme, that helps poultry and pigs better utilize phosphorus and other important nutrients, In 2014, Adisseo launched Selisseo an innovative antioxidant, helps in development of sustainable animal protein production.
Key player’s profiles in the report are Evonik Industries Ag (Germany), BASF SE (Germany), Nutreco (Netherlands), Adisseo (China), Archer Daniels Midland Company (U.S.), Charoen Pokphand Foods PCL (Thailand), Cargill Inc. (U.S.), Novus International Inc.(U.S.) and Alltech.(Kentucky).
Detailed Segmentation
By Product Type
- Organic acids
- Amino acids
- Vitamins
- Minerals
- Proteins
- Carbohydrates
- Fibers
- Others
By Animal Type
- Poultry Feed
- Aquatic Feed
- Canine Feed
- Equine Feed
- Swine Feed
- Ovine Feed
- Bovine Feed
Geography
- North America
- S
- Canada
- Europe
- Germany
- France
- K
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- Rest of Asia-Pacific
- Rest of World
- Brazil
- South Africa
- Saudi Arabia
- Others
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