Increasing meat consumption coupled with rising population in emerging countries is anticipated to increase the demand for the feed grade threonine globally. Also, the growing demand for feed grade threonine for livestock has boosted the market's revenue share because amino acid is required by numerous livestock types such as aquatic species, poultry and others.
According to Data Bridge Market Research the Feed Grade Threonine accounted for USD 0.64 billion in 2021 and is expected to reach the value of USD 0.95 billion by 2029, at a CAGR of 5.10% in the forecast period of 2022 to 2029.
“High usage of feed grade threonine as a feed additive in feed industry”
Feed grade threonine is widely used as a feed additive in the feed industry for increasing the growth and development of animals. It can be added to water sources or animal feeds to ensure that livestock gets a sufficient supply of amino acids which needed by their bodies on their daily basis. It also use in different applications within the feed sector such as in poultry farming and aquaculture is expected to propel the growth rate of the market. Furthermore, threonine is highly used in several nervous system disorder treatment. Poultry leads the usage of feed additive, followed by swine breeding industry. Increasing demand of feed additives for livestock is anticipated to have positive influence on the overall feed grade threonine market and drive the market growth rate.
What restraints the growth of Feed Grade Threonine Market?
“Issues associated with feed grade threonine market”
Insufficient supply of raw materials and stringent rules and regulation associated with feed grade threonine are some of the major factor which are expected to hamper the growth of the feed grade threonine market during the forecast period. Furthermore, sustainability of feed and livestock chain and availability of alternative protein sources may act as biggest and foremost challenges for the growth of the market.
Segmentation: Feed Grade Threonine Market
The feed grade threonine is segmented on the basis of type and application.
- On the basis of type, the feed grade threonine is segmented into purity greater than or equal to 98.5%, purity greater than or equal to 99.5%.
- On the basis of application, the feed grade threonine is segmented into poultry, livestock, others.
Regional Insights: Asia-Pacific is expected to dominate the Feed Grade Threonine Market
Asia-Pacific is expected to dominate the market and is expected to grow significantly owing to the rapid urbanization and industrialization, as well as an increasing disposable income levels within the region. Furthermore, increasing demand for protein-rich food in emerging economies such as Vietnam, Pakistan, China, Indonesia, Malaysia, Bangladesh and India is anticipated to fuel the growth of the regional market.
- In addition, the North America region is likely to register highest growth rate during the forecast period of 2022 to 2029 owing to the massive meat consumption and high feed additives demand in this region. Furthermore, presence of numerous small to medium scale manufacturers and continuous economic growth of countries are some of the another major factors for the market growth in this region.
Recent Development: Feed Grade Threonine Market
- In 2021, Cargill and BASF partnered in the animal nutrition business. These companies are dedicated to bringing innovative enzyme-based solutions to the market and also creating distinctive value for animal feed customers. This partnership aided in marketing, developing, producing and selling customer-focused enzyme solutions and products for animals, including swine.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-feed-grade-threonine-market
The Prominent Key Players Operating in the Feed Grade Threonine Market Include:
- Cargill, Incorporated (U.S.)
- Dow (U.S.)
- BASF SE (Germany)
- Chr. Hansen Holding A/S (Denmark)
- DSM (Netherlands)
- DuPont (U.S.)
- Evonik Industries AG (Germany)
- NOVUS INTERNATIONAL (U.S.)
- Alltech (Nicholasville)
- Associated British Foods plc (U.K.)
- Charoen Pokphand Foods PCL (Thailand)
- Nutreco (Netherlands)
- ForFarmers. (Netherlands)
- De Heus Animal Nutrition (Netherlands)
- Land O'Lakes, Inc. (U.S.)
- Kent Nutrition Group (U.S.)
- J. D. HEISKELL & CO., (U.S.)
- Perdue Farms (U.S.)
- SunOpta (Canada)
- Scratch and Peck Feeds (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of Feed Grade Threonine companies contact, https://www.databridgemarketresearch.com/reports/global-feed-grade-threonine-market
Research Methodology: Global Feed Grade Threonine Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
