Global Animal Nutrition Market, By Type (Amino Acids, Vitamins, Minerals, Enzymes, Fish Oils And Nutrition Lipids, Eubiotics, Carotenoids, Others), Species (Poultry, Swine, Ruminants, Pets, Others), Application (Veterinarians, Animal Feed Manufacturers, Households, Farms, Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The animal nutrition market is expected to witness market growth at a rate of approximately 5.80% in the forecast period of 2021 to 2028 and is expected to reach USD 22.76 billion by 2028. Data Bridge Market Research report on animal nutrition market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing livestock population is escalating the growth of animal nutrition market.
Animal nutrients refer to dietary needs of animals including dietary mineral, enzymes, eubiotics, macronutrients, amino acids and vitamins that are highly essential in efficient meat and milk production, proper bone structures and reproduction. These nutrients are necessary for several biological operations such as carriage, storage of other nutrients and protein synthesis among others.
The increase in the meat consumption among consumers across the globe, acts as one of the major factors driving the growth of animal nutrition market. The increase in demand of various kinds of animal antimicrobials and antibiotics in animal nutrients such as quinolones, sulphonamides, macrolides, tetracycline, penicillin, cephalosporin, and amino glycosides and increase in the prevalence of zoonotic diseases globally accelerate the market growth. The rise in the need for additives in poultry, aqua, and other animal-based products for the enhancement of performance as well as the health of the animals and growing consumption of food containing a suitable quantity of additives to improve digestion and reproduction further influence the market. Additionally, improvement in animal feed, growing animal health expenditure, rise in demand for animal protein products and increase in animal disease incidences positively affect the animal nutrition market. Furthermore, emerging economies and increase in in demand for pet insurance extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, the presence of stringent approval process for the animal nutrition products is expected to obstruct the market growth. The growing resistance to antimicrobials and antibiotics and restrictions on their usage in some regions are projected to challenge the animal nutrition market in the forecast period of 2021-2028.
This animal nutrition market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on animal nutrition market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Animal Nutrition Market Scope and Market Size
The animal nutrition market is segmented on the basis of type, species and application. The growth among segments helps you analyze 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, vitamins, minerals, enzymes, fish oils and nutrition lipids, eubiotics, carotenoids and others.
- On the basis of species, the animal nutrition market is segmented into poultry, swine, ruminants, pets and others.
- On the basis of application, the animal nutrition market is segmented into veterinarians, animal feed manufacturers, households, farms and others.
Global Animal Nutrition Market Country Level Analysis
The animal nutrition market is analyzed and market size, volume information is provided by country, type, species and application as referenced above.
The countries covered in the global animal nutrition market report are the U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific currently dominates and is expected to foster the animal nutrition market due to the growth in population rate, high number of animal and livestock population, growth in awareness regarding heath of animals, rise in animal health issues, high acceptance of animal nutrition chemicals and high demand of meat in the region.
The country section of the animal nutrition market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Animal Nutrition Market Share Analysis
The animal antimicrobials and antibiotics 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, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to animal antimicrobials and antibiotics market.
The major players covered in the animal antimicrobials and antibiotics market report are Zoetis, Boehringer Ingelheim International GmbH, Merck & Co., Inc., Ceva, Eli Lilly and Company, Bayer AG, Dechra Pharmaceuticals PLC, Virbac, Vetoquinol S.A, Boehringer Ingelheim GmbH, Sanofi , Bioniche Animal Health, Elanco, Fort Dodge Animal Health, Endovac Animal Health., ECO Animal Health Group plc, Indian Immunologicals Ltd., Ashish Life Science., and Lutim Pharma Private Limited among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Animal Nutrition Market
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