Animal Nutrition Market to Reach a Value of USD 35,739.17 million

Market Analysis and Insights: Global Animal Nutrition Market

The animal nutrition market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with 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. Limited availability of fresh blood and its short life span coupled with increasing demand for blood transfusion and increased funding for the development of blood substitutes acts as drivers for the Animal Nutrition market growth.

Animal nutrients refer to animals' dietary needs, including minerals, enzymes, eubiotics, macronutrients, amino acids, and vitamins essential in efficient meat and milk production, proper bone structures, and reproduction. The study of the composition and characteristics of the material consumed by the animal and how the feed material is metabolized (converted, utilized, and excreted) in the digestive tract and body cells of monogastric animals (pigs, broilers, layers), ruminants (sheep, cattle, goats), and lower digestive tract fermenters, is known as animal nutrition (horses, ostriches). Therefore, this information is incorporated into an economically feasible and practical system of animal nutrition to ensure that animals achieve their maximum genetic production potential. It mainly focuses on the dietary nutrient needs of animals, primarily those in agriculture and food production, and zoos, aquariums, and wildlife management.

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Animal Nutrition Market Scope and Market Size

Animal nutrition market is segmented on the based on the type, feed type, and end-user. 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.

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 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 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 due to rising demand for nutritional products among customers to maintain the health and well-being of the animals.

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Competitive Landscape and Animal Nutrition Market Share Analysis

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 Animal Nutrition market.

The major companies which are dealing in the Animal Nutrition Cargill, Incorporated, DSM, Kemin Industries, Inc., Alltech, Phibro Animal Health Corporation, Mercer Milling Company, Inc., Rossari Biotech Limited, ADM, Aries Agro Limited, Avitech Nutrition Pvt. Ltd., Advanced Enzyme Technologies, Zoetis, Glanbia plc, DuPont (IFF Nutrition & Biosciences), Zinpro Corp., NOVUS INTERNATIONAL, BENEO, Norvite, Biovet, S.A, 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 other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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