Nutritional Ingredients in Animal Feed Market will Show a steady rise at 4.3% CAGR between 2019 and 2029
VALLEY COTTAGE, N.Y. – The global nutritional ingredients in animal feed market size is expected to reach US$ 641.3 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 4.3% CAGR between 2019 and 2029. According to the report, expansion of livestock feed industry and rising per capita meat consumption will stoke growth. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
It includes in-depth insights into the nutritional ingredients in animal feed market. Some of these are:
- The estimated value of the market was at US$ 420.9 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- Regionally, North America emerged as a key market for nutritional ingredients in animal feed.
- Europe and Latin America will remain steady as key markets for nutritional ingredients in animal feed.
- In terms of ingredient, soybean meal is expected to holds the largest share in the market.
- Key players are likely to focus on new microbial strains to improve immune function in animals to gain competitive edge in the market.
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Rising Demand for High Quality Meat Creates Opportunity for Expansion
Farmers are perpetually under the pressure of meeting the rising demand for high-quality meat and other animal products. Besides this, rising awareness and better access to information has rendered consumers highly conscientious. As a result the demand for improved quality and sustainability is at all-time high. In addition to this, an increasing number of consumers are likely to supplement diets with additives such as enzymes, amino acids, vitamins, probiotics, and organic acids. This will in turn create demand for nutritional ingredients in animal feed.
Who is Winning?
Some of the leading players operating in the nutritional ingredients in animal feed market are BASF SE, Ingredion Inc., Barentz, Altech Corp. and others.
Preview Analysis of 2019 Analysis and Review Nutritional Ingredients in Animal Feed Market by Ingredient – Corn, Wheat, Soybean Meal and Oats for 2019 – 2029: https://www.futuremarketinsights.com/reports/nutritional-ingredients-in-animal-feed-market
As a result of increasing competition, manufacturers in the nutritional ingredients in animal feed market are looking to offer one-stop solutions to their consumers. This is mainly because a majority of these companies want to vertically integrate their business lines to offset competition. In general the market witnesses considerable competition, especially with Chinese companies fighting to secure higher share in the global market.
Experts suggest that in order to gain competitive advantage, market players should focus on developing novel microbial strains and expanding their product portfolio.
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Get Valuable Insights into Nutritional Ingredients in Animal Feed Market
Future Market Insights, in its new report, presents an unbiased analysis of the global nutritional ingredients in animal feed market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights into growth witnessed in the market. In terms of ingredient, the market can be segmented into wheat, corn, soybean meal and oats. Based on type, the market can be classified into minerals, amino acids, enzymes,
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