The sector is being pushed by increased global demand for cattle products. It is also expected to gain from the increasing occurrence of animal ailments. However, the use of enzymes in feed and rigorous regulations on commodities like these are limiting this sector from growing.
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Animals are given supplements called animal nutrition chemicals to make up for deficits in their diets.Animal immunity, pregnancy outcomes, fertility, new-born survival and growth, meat quality, and feed efficiency are all enhanced by animal nutrition additives. This industry will have potential for growth due to the rising demand for pets and pet insurance.
Increasing Use of Milk, Meat and Related Animal Products Worldwide will Boost Growth
Animal nutrition chemicals are important feed additive items that help animals grow and stay healthy. These are frequently used in the feed business to increase product quality and nutrition quality. The growth of domesticated animals and cattle drives the animal nutrition chemical market. Furthermore, the increase in pet health care centres and veterinaries is likely to fuel market expansion.
Furthermore, rapid industrialization of livestock farming, increase in health problems among animals, and rise in meat demand are some of the major factors boosting the animal nutrition chemicals industry. The upsurge in consumer demand for performance and nutrition solutions on account of rising pet and cattle population is one of the primary factors driving the market.
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Who is Winning?
Some of the leading players operating in the Animal Nutrition Chemicals market are BASF SE, Dow Chemical Company, DuPont, Kemin Industries, Tata Chemicals, Novozymes, Royal DSM, and Balchem Corporation.
As a result of the rising demand for animal protein products and the rising trend of ownership of pet animals. Moreover, the rising incidences of epidemics of animal diseases, rising livestock population and the rising concerns of pet owners regarding their pets’ health are triggering the demand for safe and healthy pet foods, which in turn is stimulating the growth of the global animal nutrition chemicals market. Moreover, the growing consumption of meat across the globe is augmenting the market.
On the downside, increase use of in-feed enzymes and probiotics as an alternative are the restraining factors for the growth of the animal nutrition chemicals market. The U.S. will emerge as a major contributor owing to the increasing spending on their pets. This has led to the growing demand for nutritional products. In Europe, countries such as Germany, France, the U.K., and Switzerland are the sights of high growth rate owing to strong domestic consumption.
Animal Nutrition Chemicals Market Taxonomy
The Animal Nutrition Chemicals market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Product Type
- Amino Acid
- Vitamin
- Mineral
- Enzyme
- Fish Oil & Lipid
- Carotenoid
- Eubiotics
- Others (Vacuum Salts and Organic Food)
Application
- Animal Food Manufacturer
- Farm
- Household
- Veterinarian
- Others (Domestic Animal Feed and Aquaculture)
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
By Species
- Poultry
- Swine
- Ruminant
- Pet
- Others (Aquaculture and Euqines)
Significant Contributions of the Report
- Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
- Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
- Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
- Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
- Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry
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