DUBLIN--(BUSINESS WIRE)--The "Global Animal Nutritional Ingredients Market (2023 Edition): Analysis by Nutrient Type (Minerals, Vitamins, Enzymes, Amino Acid, Others), Species, Source, By Region, By Country: Market Size, Insights, Competition, Covid-19 Impact and Forecast (2023-2028)" report has been added to ResearchAndMarkets.com's offering.
The Global Animal Nutritional Ingredients Market is expected to generate USD 19.05 billion by the end of 2028, up from USD 14.18 billion in 2021.
The research also looks at the market growth indicators, restraints, supply and demand risk, and other important statistics, as well as a complete assessment of current and future market trends that are relevant to the market's evolution.
During the forecast period, 2023-2028, the Global Animal Nutritional Ingredients market is expected to expand at a CAGR of 6%. Nutritional Ingredient market is propelled by rapid increase in population, rising per capita income, demand for meat consumption, increasing number of livestock population and surging number of animal diseases.
As per FAO reports, livestock products account for about 30 percent of the global value of agriculture and 19 percent of the value of food production, and provide 34 percent of protein and 16 percent of the energy consumed in human diets. Thus, high demand for animal-based protein is boosting sales of soybean, fish oil and grains, essential for animal nutrition.
The demand for animal nutrition has rapidly increased among animal owners to avoid disease and deficiencies among livestock and to get faster meat and animal-based product output. However, an increase in animal rearing practices and a substantial rise in the population of domesticated animals have supplemented the growth of the Animal Nutritional Ingredients.
Increasing adoption of pets among global population is driving sales of nutritional ingredients. Almost half a billion dogs and cats are owned by families in the U.S., Brazil, EU, and China alone, and it is estimated that more than half of people worldwide have a pet at home. Pet food is a specialized diet produced to meet the nutritional needs of domestic animals. Research in the field of veterinary medicine has revealed that cats and dogs need between 42 and 48 essential nutrients, with four main categories of nutrients including proteins, lipids, carbohydrates, vitamins, minerals, and independent amino acids.
Methionine is a key amino acid used in animal feed applications whose demand is mainly driven by poultry production which accounts for around 70% of demand. The remaining 30% is used for feed for swine, aquaculture and other species. According to Feedinfo, methionine demand has grown by 5-6% p.a. on average between 2010-2020. In the past two years demand has been elevated due to African Swine Flu which led to increased demand for poultry, as a substitute for swine.
Among species, poultry holds maximum share in the market due to high demand for eggs and shifting focus of western countries towards chicken meat rather than red meat. In order to promote health of poultry, grains such as Corn, Barley, Buckwheat, Oats are the main ingredients used in poultry diets to supply energy and promote growth.
Enzymes are the fastest growing nutritional ingredient as they are considered as an alternative to antibiotics, mainly preferred to increase the digestibility of the feed. However, demand for Other nutrients such as Eubiotics and Carotenoids is rising constantly due to medical and health benefits and consistent pigmentation in eggs and fish. Key carotenoids include beta carotene, lutein, canthaxanthin, astaxanthin and zeaxanthin.
Phytogenic feed additives (PFA) have been gaining considerable interest lately due to their ability to improve performance by sustaining a healthy gut environment compared to Antibiotic growth promoters (AGP). PFA has antimicrobial, anti-viral and anti-oxidant properties resulting in reduced pathogenic bacteria and a well-balanced gut microflora as well as improving feed efficiency is a perennial concern in the livestock industry.
The Global Animal Nutritional Ingredients Market is highly fragmented, with DSM holding approximately 30% share in the market, followed by ADM, Evonik , Elanco Health, among others. Also, many startup companies have come up with cutting edge technology to provide high quality nutrition to animals.
For instance, Because Animals, a US based startup, offers natural and cultured ingredients such as probiotics and nutritional yeast to produce its pet foods. Further, as animal such as fish and chicken are majorly served as protein meal for animals as well, regulatory bodies along with prominent companies are opting for sustainable techniques to manufacture vegan nutrition intake for animals, while promoting agriculture and aquaculture farming.
This study also provides the competitive landscape and profiles some of the leading players in the Global Animal Nutritional Ingredients Market including ADM, Evonik Industries AG, DSM, BASF, International Flavors & Fragrances Inc. (DuPont), CHR Hansen, Cargill Incorporated, Novus International, Bluestar Adisseo, Kemin Industries.
The company profiling includes critical information such as a business overview, products and services, key financials, and recent events and developments.
Global Animal Nutritional Ingredients: Historic and Forecast (2018-2028)
Global Animal Nutritional Ingredients Segmentation: By Nutrient Type
- Global Animal Nutritional Ingredients, By Nutrient Type Overview
- Global Animal Nutritional Ingredients Size, By Minerals, By Value, 2018H-2028F (USD Million & CAGR)
- Global Animal Nutritional Ingredients Size, By Vitamins, By Value, 2018H-2028F (USD Million & CAGR)
- Global Animal Nutritional Ingredients Size, By Enzymes, By Value, 2018H-2028F (USD Million & CAGR)
- Global Animal Nutritional Ingredients Size, By Amino Acids, By Value, 2018H-2028F (USD Million & CAGR)
- Global Animal Nutritional Ingredients Size, By Other Nutrients, By Value, 2018H-2028F (USD Million & CAGR)
Global Animal Nutritional Ingredients Segmentation: By Species
- Global Animal Nutritional Ingredients, By Species Overview
- Global Animal Nutritional Ingredients Size, By Poultry, By Value, 2018H-2028F (USD Million & CAGR)
- Global Animal Nutritional Ingredients Size, By Ruminants, By Value, 2018H-2028F (USD Million & CAGR)
- Global Animal Nutritional Ingredients Size, By Swine, By Value, 2018H-2028F (USD Million & CAGR)
- Global Animal Nutritional Ingredients Size, By Aqua Species, By Value, 2018H-2028F (USD Million & CAGR)
- Global Animal Nutritional Ingredients Size, By Other Species, By Value, 2018H-2028F (USD Million & CAGR)
Global Animal Nutritional Ingredients Segmentation: By Source
- Global Animal Nutritional Ingredients, By Source Overview
- Global Animal Nutritional Ingredients Size, By Corn, By Value, 2018H-2028F (USD Million & CAGR)
- Global Animal Nutritional Ingredients Size, By Soybean, By Value, 2018H-2028F (USD Million & CAGR)
- Global Animal Nutritional Ingredients Size, By Wheat, By Value, 2018H-2028F (USD Million & CAGR)
- Global Animal Nutritional Ingredients Size, By Other Sources, By Value, 2018H-2028F (USD Million & CAGR)
Impact Analysis of Macro Economic Factors on Animal Nutritional Ingredients
Enzyme Composition
Average nutrition for poultry
Nutrient Content of Corn, Hard Red Winter Wheat and Soft Red Winter Wheat
List of Potential new feed options for pigs and poultry
Global Animal Nutritional Ingredients: Dashboard
Global Animal Nutritional Ingredients: Market Size and CAGR, 2018-2028 (USD Million & CAGR)
Impact of COVID-19 on Animal Nutritional Ingredients
Company Profiles
- ADM
- Evonik
- DSM
- BASF
- International Flavors & Fragrances Inc.
- CHR Hansen
- Cargill
- Novus International
- Adisseo
- Kemin Industries
For more information about this report visit https://www.researchandmarkets.com/r/zeuoc
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