The industry is being driven by the rising demand for livestock products around the world. Additionally, it is anticipated to benefit from the rising prevalence of animal diseases. The use of enzymes in feed and strict rules on goods like these, however, are preventing this sector from expanding.
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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 essential feed additive products to boost the growth in animal and to maintain their health. These are widely used in the feed industry to improve the quality of product and ensure better nutrition quality. Increase in domesticated animals and livestock population drives the animal nutrition chemical market. Moreover, rise in pet health care centres and veterinaries is expected to fuel the market growth.
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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