logo
logo
Sign in

Animal Nutrition Market - Forecast(2021 - 2026)

avatar
Srikanth Dornam

Animal Nutrition Market Overview:

 
As per the Food and Agriculture Organization of the United Nations, the global population will reach the 9 billion mark by 2050, constructing food challenges. Owing to the depletion of arable land as a result of industrialization, food security is a major objective and livestock products are among the prime means to meet such objectives. Economic development has induced pressure on the livestock sector for more efficient production with limited resources; it also supports the income and food security of almost 1.3 billion people. Thus, animal farming sector is capitalizing upon food security concerns, accounting for nearly 40% of the global agricultural production value. Animal nutrition is a necessity with increasing uptake, for the mandatory affluence of global livestock sector and primarily for the rampant production of protein-enriched commodities such as meat, eggs, and milk to feed the majority of the non-vegetarian population globally. Apart from animal husbandry, animal nutrition market has found a tremendous scope of application in households, veterinarians, zoos, and animal shelters. As of 2018, global animal nutrition market size was around $16.80 billion to $17.01 billion and the arcade is estimated to be progressing at a global compound annual growth rate (CAGR) of 5%-6% during the forecast period 2019-2025.
 

Animal Nutrition Market Outlook:

Animal nutrients are dietary needs of animals such as macronutrients, vitamins, dietary mineral, enzymes, eubiotics, and amino acids, and are very essential in efficient meat and milk production, reproduction, and proper bone structures. As per the nutrients segmentation, amino acids hold the apex spot and is progressing with an application CAGR of 5.5% - 6.5% going through 2025. Amino acids are requisite for several biological operations such as protein synthesis, carriage, and the storage of other nutrients. Also, quality animal-based food products such as meat, milk, and eggs are obtained by optimal supplementation of amino acid. As per the International Dairy Federation, consumption of dairy products is expected to increase by 25% between 2015 and 2024, therefore dairy operations to match their production with unprecedented demand is augmenting the application of amino acids and subsequently disrupting the animal nutrition market growth.
 
After an acute analysis of the regional aspects, APAC is reckoned to be the dominating region with nearly 29% - 31% of animal nutrition market global demand settling under its territory. Such dominance can be attributed to several factors such as increasing meat consumption in densely populated economies of India and China with nearly 35% of the global population. Improving health awareness among individuals creating demand for livestock-based proteins such as milk, egg, and meat. 
 

Several supporting facts by Department of Animal Husbandry and Dairy (INDIA):

 
  • 23 % of agricultural households reported livestock as their principal source of income.
  • As per 19th Livestock census, there are 88 million In-Milk animals.
  • India holds the 1st rank among the global milk producing nations since 1998 with the largest bovine population globally.
  • 176.4 million tonnes of milk production was recorded in 2017-2018, an increment of 6.65% from the preceding year.
 
To support and maintain the sheer affluence of its dairy sector, Indian livestock sector is a major employer of animal nutrition products propelling the animal nutrition market towards robust growth.
 
 

Animal Nutrition Market Growth Factor and Trends:

 
  • MEAT to MEET GLOBAL FOOD DEMAND-
According to the Food and Agriculture Organization of the United Nations, world meat output was estimated to be 330 million tonnes in 2017 with India witnessing 2.7% increase from 2016. Global population over the last century has quadrupled. Increasing disposable income among the population has instigated dietary changes such as eating more protein and meat. Limited livestock sector to meet the unlimited meat-based protein demand is employing animal nutrition for efficient quality and quantity production. The acceptance of a non-vegetarian diet can be indicated by the fact that KFC, the world’s most popular chicken restaurant chain is now operating in 135 countries with more than 22,000 restaurants globally.[2]   
 
Rising consumer awareness concerning appropriate pet nutrition is estimated to enable owners to spend premium amounts for healthy and nourishing animal nutrition. As per the National Pet Owners Survey conducted by the American Pet Products Association (APPA) 2017-2018, 68% of the U.S families owns a pet. The North American Pet Health Insurance Association (NAPHIA) reported North America’s pet health insurance with combined gross written premiums hitting $1.2 billion in 2017.[3]  These facts point to the significance drawn towards household pets and indicates it as a major segment poising the animal nutrition market towards cumulative revenues and profits.
 
UN Population Division released a periodic report for 2017 stating the number of children below 15 years to be 1.9 billion, constituting a major 27% of the world population. The demand for dairy milk feeding such population is major factor towards converging animal nutrition market with efficient milk production globally.
 

Animal Nutrition Market Challenges:

 
Increasing vegan population is hindering the sales of meat and meat-based protein. Vegetarian population is mounting terrifically each year, yet it stands out as a minute minority section. And its tendency to overcome the majority meat-eating population seems impossible. However, the animal nutrition market is all set to exploit and capitalize upon the rising vegan population owing to the demands for dairy-based products such as cheese, milk, and butter for a vegetarian diet.
 
 
Animal nutrition market
 

Animal Nutrition Market Players Perspective:

 
Some of the key players dominating the global animal nutrition market are Cargill Incorporated, The DOW chemical company, Jubilant life sciences, DSM Company, BASF SE, Archer daniels midland company, Dupont, Alltech, Kemin industries, Adisseo France SAS, Evonik industries, Novozymes and Neutreco N.V.
 
Nutreco in 2017, completed the acquisition of Hi-Pro Feeds. Following the amalgamation, Nutreco’s collective animal nutrition companies in North America, consisting of Shur-Gain, Landmark and Hi-Pro Feeds, will business under the name Trouw Nutrition.
 

Animal Nutrition Market Research Scope:

 
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Animal Nutrition Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the various nutrients in Animal Nutrition Market, and their specific biological uses.
 
 

Animal Nutrition Market Report: Industry Coverage

 
By Species: Aquaculture, Poultry, Ruminants, Swine, Pet, Equine
 
By Nutrient: Carotenoids, Eubiotics, Vitamins, Enzymes, Minerals, Lipids, Cereals, Carbohydrates
 
By Administrative method: Oral, Topical, Injection
 
By End-user: Farms, Households, Veterinarians, Zoos, Animal shelters
 
The Animal Nutrition Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
 
  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • Middle East and Africa: Israel, South Africa, Saudi Arabia 
 

Key Questions Addressed in the Animal Nutrition Market Report

 
1. Is the market for the Animal Nutrition growing? How long will it continue to grow and at what rate? 
2. Which type of systems presents the major growth opportunities? 
3. Is there a possibility for change in the market structure over time?  
4. Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands? 
5. Do the key vendors look for partnerships to expand their businesses with respect to geography or product? 
6. What are the short-term, long-term, and medium-term growth drivers for the market? 
7. What are the short-term, medium-term, and long-term challenges for the market? 
8. What are the short-term, medium-term, and long-term opportunities for the market 
9. Who are the top players/companies of the market? 
10. What are the recent innovations in the market? 
11. How many patents have been filed by the leading players? 
12. What are the types of patents filed by the leading players? 
13. What is our Vision 2030 for Animal Nutrition Market? 
 
 

A few focus points of this Research are given below:

 
  • Give a deep-dive analysis of the key operational strategies with a focus on the corporate structure, R&D strategies, localization strategies, production capabilities, and sales performance of various companies
  • Provide an overview of the product portfolio, including product planning, development, and positioning
  • Discuss the role of technology companies in partnerships
  • Explore the regional sales activities
  • Analyze the market size and giving the forecast for the current and future Animal Nutrition Market during the forecast 2019–2025
  • Analyze the competitive factors, competitors’ market shares, product capabilities, and supply chain structures.

Animal nutrition, feed additives, feed supplements, nutraceuticals, eubiotics, vitamins, enzymes, carotenoids, poultry, swine, ruminant, nutritional feed, compound feed, Food and Agriculture, animal farming sector, protein-enriched, macronutrients, dietary mineral, eubiotics, animal-based food

 
collect
0
avatar
Srikanth Dornam
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more