The growing global use of nucleotides in infant nutrition applications is expected to drive feed nucleotide market growth. Furthermore, because of the global population's high rate of nutrient deficiency, the demand for food fortification has increased significantly in recent years, as a lack of nutrients in food can lead to severe forms of malnutrition. As a result of rising consumer demand for nutritional premixes, manufacturers focus on various food premixes such as nucleotide premixes, vitamin premixes, mineral premixes, amino acid premixes, and other botanical premixes to ensure better consumer health.
According to Data Bridge Market Research the Feed Nucleotides Market accounted for USD 559.9 million in 2021, and expected to reach USD 885.68 million by 2029. The market is expected to grow with a CAGR of 5.9% in the forecast period of 2022 to 2029.
“A Rising Focus on Animal Health and Increased Livestock Production Facilitate Market Growth”
The advancements in the compound feed and additives industry, as well as rising demand for high-value animal protein products such as milk, meat, and others, are putting pressure on livestock farmers to feed their animals high-quality feed products in order to increase productivity and output quality. Increased industrial livestock production, as well as a greater emphasis on animal health to prevent disease outbreaks, are driving growth in the feed nucleotides market.
What restraints the growth of Feed Nucleotides Market?
“Lack of awareness among livestock farmers”
A lack of awareness among livestock farmers about the benefits of feeding livestock with feed premix is one factor limiting the feed nucleotide market. Furthermore, rising feed ingredient costs, as well as the government's ban on antibiotic use, pose significant challenges to the global feed nucleotide market.
Segmentation: Feed Nucleotides Market
The feed nucleotides market is segmented on the basis of product type, industry, channel.
- On the basis of product type, the feed nucleotides market is segmented into yeast/yeast extracts and single cell organisms.
- On the basis of industry, the feed nucleotides market is segmented into immune enhancers, dietary supplements.
- On the basis of channel, the feed nucleotides market is segmented into direct sales, distributor.
Regional Insights: Asia-Pacific is expected to dominate the Feed Nucleotides Market
The Asia-Pacific region is expected to be the fastest-growing market for feed nucleotides. Rising population levels and disposable incomes are driving growth in this region's feed nucleotide market. Furthermore, growing awareness of the benefits of using feed nucleotides is driving up demand for these products.
- In addition, the North America dominates the market because consumer disposable income levels are increasing, resulting in increased spending on food items such as dairy products and meats.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-feed-nucleotides-market
Recent Developments in Feed Nucleotides Market
- In 2021, Thermo Fisher Scientific acquired PPD Inc. The company sells a wide range of products, including nucleotides. It will help to assessing safety, efficacy, and health care outcomes, to managing clinical trial logistics, to the development and manufacturing of the product.
The Prominent Key Players Operating in the Feed Nucleotides Market Include:
- DSM (Netherlands)
- BASF SE (Germany)
- Lonza Group (Switzerland)
- Glanbia Plc (Ireland)
- ADM (U.S.)
- Farbest Brands (U.S.)
- SternVitamin GmbH & Co. KG (Germany)
- Adisseo (France)
- Adisseo France SAS (France)
- Ajinomoto Co., Inc. (Japan)
- Leiber GmbH (Germany)
- Lesaffre Group (France)
- Biovet JSC (Bulgaria)
- Chr. Hansen A/S (Denmark)
- Danisco A/S (Denmark)
- Elanco (U.S.)
- Kemin Industries, Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of feed nucleotides market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Feed Nucleotides 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.
