Asia-Pacific Animal Nutrition Market, By Type (Amino Acids, Enzymes, Carotenoids, Fiber, Antioxidants, Eubiotics, Lipids, Fatty Acids, Medicated Feed Additives, Minerals, Vitamins, and Others), Feed Type (Poultry Feed, Swine Feed, Ruminant Feed, Pet Food, and Others), End User (Feed Manufacturers, Veterinarians, Pet Food Manufacturers, Livestock Farmers, and Others), Country (China, India, Japan, Australia, South Korea, Philippines, Indonesia, Thailand, Malaysia, Singapore, Rest of Asia-Pacific) Industry Trends and Forecast To 2028.
Market Analysis and Insights: Asia-Pacific Animal Nutrition Market
the animal nutrition market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.5% in the forecast period of 2021 to 2028 and is expected to reach USD 13,901.77 million by 2028.
Animal nutrients refer to animals' dietary needs, including minerals, enzymes, eubiotics, macronutrients, amino acids, and vitamins essential inefficient meat and milk production, proper bone structures, and reproduction. The study of the composition and characteristics of the material consumed by the animal and how the feed material is metabolized (converted, utilized, and excreted) in the digestive tract and body cells of monogastric animals (pigs, broilers, layers), ruminants (sheep, cattle, goats), and lower digestive tract fermenters, is known as animal nutrition (horses, ostriches). Therefore, this information is incorporated into an economically feasible and practical system of animal nutrition to ensure that animals achieve their maximum genetic production potential. It mainly focuses on the dietary nutrient needs of animals, primarily those in agriculture and food production, and zoos, aquariums, and wildlife management.
Growing demand for meat and meat related products among the consumers and rising awareness regarding animal health are driving the growth of the animal nutrition market in the region. Additionally, the rising nutritional requirements of existing livestock and growing disposable income of the Asia-Pacific consumers are increasing the consumption of animal-based products. Whereas, high prices of animal nutrition products, and environmental challenges which are impacting on production of livestock are likely to restrict the growth of the market. On the other side, increasing investment by the manufacturers in the feed industry will create opportunities for the market in the forecasted period. However, the availability of counterfeit products on large scale in the market is acting as a challenge for the Asia-Pacific animal nutrition market.
The animal nutrition market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the Animal Nutrition market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Animal Nutrition Market Scope and Market Size
The animal nutrition market is segmented on the based on the type, feed type, and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the animal nutrition market is segmented into amino acids, enzymes, carotenoids, fiber, antioxidants, eubiotics, lipids, fatty acids, medicated feed additives, minerals, vitamins, and others. In 2021, the medicated feed additives segment is expected to dominate the market due to huge availability of medicated feed products in the market as a preventive as well as a curative agent for various animal disorders.
- On the basis of feed type, the animal nutrition market is segmented into poultry feed, swine feed, ruminant feed, pet food, and others. In 2021, the poultry feed segment is expected to dominate the market due to increase in demand for meat products among the consumers.
- On the basis of end user, the animal nutrition market is segmented into feed manufacturers, veterinarians, pet food manufacturers, livestock farmers, and others. In 2021, the feed manufacturers segment is expected to dominate the market due to increased demand of feed ingredients by feed manufacturers as a raw material.
Competitive Landscape and Animal Nutrition Market Share Analysis
The animal nutrition market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Animal Nutrition market.
The major companies which are dealing in Animal Nutrition are Kemin Industries, Inc., Phibro Animal Health Corporation, DSM, Alltech, Cargill, Incorporated, Mercer Milling, Zinpro Corp, Novus International, Inc., Bluestar Adisseo Co., Biovet S.A., Glanbia plc, Norvite Animal Nutrition Company Limited, BENEO, Zoetis, Rossari Biotech Limited, Vetoquinol S.A., ADM, Avitech Nutrition Pvt. Ltd, EW Nutrition, Azelis Group, Advanced Enzyme Technologies, BASF SE, Balchem Inc., Aries Agro Limited, Novozymes, Chr. Hansen Holding A/S, Brenntag Latvia, Dupont (IFF Nutrition & Biosciences), among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launches are also initiated by the companies worldwide, which are also accelerating the Animal Nutrition market.
For instance,
- In September, 2019, Novozymes has launched poultry nutrition product Balancius which helps to increase the feed efficiency and digestibility in broiler chickens. This helped the company to attract customer base.
Collaboration, product launches, business expansion, award and recognition, joint ventures and other strategies by the market player is enhancing the company footprints in the Animal Nutrition market which also provides the benefit for organization’s profit growth.
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