Animal Nutrition Market Application 2020 – Global Market Size, Industry Growth, Share Investment, Opportunities Along with The Strategic Assessment To 2026
SEATTLE, March 29, 2021, (PHARMIWEB) — Global Animal Nutrition Market
Animal nutrition focuses on dietary needs of animals, chiefly those in food production and agriculture, however also in aquariums, zoos, and wildlife management. Animal nutrition is important for the productivity and health of agricultural animals. Various organizations and programs, such as the National Animal Nutrition Program (NANP), serve as a medium to identify high-priority animal nutrition concerns. These organizations offers a systemic and integrated approach to assemble, collect, share, synthesize and publicize science-based information and educational tools on animal nutrition that increases high-priority research among agricultural species.
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Several governments are currently implementing systems that redefine the roles of the industries and the government in delivering safe nutrition to animals. For instance, in 2004, the FAO/WHO Codex Alimentarius Commission approved a Code of Practice on Good Animal Feeding. The manual gives complete and updated information and practical guidelines to help producers and stakeholders know about the production and distribution chain to comply with the regulatory framework.
Global Animal Nutrition Market Outlook
Growing demand for safe and healthy animal food, restrictions on the use of antibiotics, increasing awareness among producers regarding animal health are major factors driving the global animal nutrition market growth. The demand for food of animal origin, including eggs, fish, milk, and meat is further increasing across the world, as various organizations are looking to provide better nutrition to animals. According to the Food and Agriculture Organization, the global demand for animal derived-proteins would double by the year 2050. Increasing consumption of animal products and livestock make a crucial contribution to the nutritional and economic wellbeing of millions of people across the globe. There has been an increasing pressure on the livestock sector to meet growing demand for high-value animal protein. Urbanization is a major driving factor supporting demand for livestock products due to improvements in infrastructure, including cold chains, which allow trade in fresh goods. As suggested by the same source, city population has a more varied diet rich in animal fats and proteins, in comparison to that of the rural population, and that is characterized by the higher consumption of poultry, meat, milk, and other dairy products by the urban people.
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Animal feeds play a primary role in the global food industry, since feed is the most important component to ensure abundant, safe, and affordable animal proteins. Young and growing animals need nutrients to meet the requirements of specific growth stages. They require suitable nutrition for growth and development of organs, muscles, and bones. Nutrient needs of animals also change with age. For instance, older animals may have health problems related to aging, which require diverse nutritional needs such as mineral and vitamin supplements.
The amino acids segment is expected to hold a major revenue share in global animal nutrition market, owing to its high protein efficiency content and feed protein sources. Eubiotics are therefore, gaining significance in the market due to their numerous benefits, such as improved feed digestibility, nutrient absorption, and better animal performance. Eubiotics are biologically active food additives, which contain living microorganisms and/or their metabolites. Eubiotics are replacing antibiotics for improved health and performance of livestock. Various international players are focusing on production of different types of eubiotics, which can be used for diverse livestock. Increasing consumption of poultry products and growing preference for white meat over red meat is expected to fuel growth of the poultry segment. For instance, according to Global Agricultural Information Network in 2017, broiler production in India increased to 4.5 million tons due to increasing demand from the growing middle class. Rising awareness about the use of cost effective and nutrient rich compound feed will increase demand for poultry nutrition products in emerging countries. However, high prices of the associated products is a major factor hampering the global market growth.
Global Animal Nutrition Market – Regional Insights
The North America animal nutrition market is expected to hold a dominant position over the forecast period, due to well-established animal nutrition infrastructure and huge consumption of animal products. Furthermore, the Asia Pacific market is expected to exhibit significant growth, owing to high market opportunities in the animal feed industry such as Eubiotics and increase in concerns toward disease outbreak in livestock.
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Global Animal Nutrition Market – Competitive Analysis
The major players operating in the global animal nutrition market include Archer-Daniels-Midland Company, Adisseo France SAS, Alltech, BASF SE, Cargill Inc., Dow Chemical Company, DuPont, Evonik Industries AG, Tata Chemicals, Novozymes A/S, Royal DSM N.V., Kemin Industries, Inc., and Nutreco N.V.
These companies are focusing on offering natural and wholesome food products in order to cater to the increasing consumer demand for the same. For instance, in 2017, Cargill Inc. entered into an agreement to acquire Diamond V, a provider of innovative natural solutions that improve animal health, performance, and food safety. The industry players are also expanding geographically, in order to gain large market share. In 2017, Cargill acquired Astral Foods’ share in premix and nutrition business, to expand in Sub-Saharan Africa (SSA).
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Global Animal Nutrition Market Taxonomy
On the basis of species:
Based on product type:
- Pet Food
- Amino Acids
- North America
- Latin America
- Asia Pacific
- Middle East
Table of Content
Global Animal Nutrition Market Research Report
Section 1: Global Animal Nutrition Industry Overview
Section 2: Global Economic Impact on Animal Nutrition Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Animal Nutrition Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Animal Nutrition Market Forecast
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