Industry Overview of Animal Nutrition Chemicals Market
Animal nutrition chemicals, also known as feed additives or animal feed supplements, are substances added to animal diets to enhance their nutritional value, improve feed efficiency, promote growth, and maintain animal health. They comprise carbohydrates, fats, preservatives, proteins, and vitamins. They also include various minerals, such as sodium chloride, calcium, phosphate, sulfur, potassium, magnesium, iron, copper, cobalt, iodine, zinc, molybdenum, and selenium. They consist of numerous amino acids, L-lysine, L-threonine, DL-methionine, and L-tryptophan. They are primarily formulated to meet the nutritional requirements of different animal species, such as livestock, poultry, aquaculture, and companion animals.
How Big Is the Animal Nutrition Chemicals Market?
The global animal nutrition chemicals market size reached US$ 10.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.
Global Industry Trends and Drivers:
The animal nutrition chemicals market is driven by several industry trends and drivers. One significant trend is the increasing awareness and focus on animal health and welfare. As consumers become more conscious of the quality and safety of animal-derived products, there is a growing demand for nutrition solutions that enhance animal health, performance, and overall well-being. Another driver is the rising global population and the subsequent increase in meat consumption. This has led to the intensification of animal farming practices and the need for efficient and sustainable animal nutrition solutions. Additionally, the growing prevalence of livestock diseases and the need for disease prevention and control have spurred the demand for nutrition chemicals that support immune function and enhance disease resistance in animals. The adoption of precision livestock farming techniques and advancements in feed technologies are also driving market growth by enabling targeted and optimized nutrition strategies. Moreover, regulatory frameworks and guidelines promoting the use of safe and effective animal nutrition chemicals further support market expansion. Overall, the animal nutrition chemicals market is driven by the need to ensure optimal nutrition, health, and performance of animals in various livestock sectors, including poultry, swine, cattle, and aquaculture.
What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Breakup by Product Type:
- Amino Acid
- Vitamin
- Mineral
- Enzyme
- Fish Oil and Lipid
- Carotenoid
- Eubiotics
- Others
Breakup by Species:
- Poultry
- Swine
- Ruminant
- Pet
- Others
Breakup by Application:
- Animal Food Manufacturer
- Farm
- Household
- Veterinarian
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
Aumgene Biosciences Pvt. Ltd., Balchem Corporation, BASF SE, Cargill Incorporated, Evonik Industries AG (RAG-Stiftung), Kemin Industries Inc., Koninklijke DSM NV, Novozymes A/S A and Tata Chemicals Limited.
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