Animal Nutrition Market - Forecast (2022 - 2027)
The Animal Nutrition Market size is estimated to reach $32.7 billion by 2027, growing at a CAGR of 6.5% during the forecast period 2022-2027. Animal Nutrition focuses on the dietary nutrient requirements of animals. Amino acids are necessary for animal health, contributing to maintaining many metabolic functions. Enzymes can be included in animal diets to enhance the efficacy of digestion. Naturally happening carotenoids are generated by total synthesis. Antioxidants serve a crucial role in animal health, generation and performance. Lipids depict a class of organic compounds involving fatty acids or their derivatives and are insoluble in water but soluble in organic solvents. Suitable nutrition in vitamins can also reduce stress levels in broilers. The growing demand for nutritious and secure animal food including amino acids is set to drive the Animal Nutrition Market. The soaring awareness about animal health among producers is set to propel the growth of the Animal Nutrition Industry during the forecast period 2022-2027. This represents the Animal Nutrition Industry Outlook.
Animal Nutrition Market Report Coverage
The “Animal Nutrition Market Report - Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Animal Nutrition Market.
by Nutrient Type: Amino Acids, Enzymes, Carotenoids, Fiber, Antioxidants, Eubiotics, Lipids, Fatty Acids, Medicated Feed Additives, Minerals, Vitamins and Others.
by End-user: Animal Feed Manufacturers, Veterinarians, Households, Farms, Zoos, Animal Shelters and Others.
by Geography: North America (the US, Canada and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and the Rest of South America) and the Rest Of The World (the Middle East and Africa).
Key Takeaways
- Geographically, Asia-Pacific (Animal Nutrition market share) accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027. It is due to surging seafood and meat intake including all amino acids in the Asia-Pacific region.
- The growth of the Animal Nutrition Market is being driven by rising demand for nutritional diets involving nutrients like lipids and vitamins in maintaining animal health. However, the soaring cost of products and environmental issues influencing livestock production are some of the major factors hampering the growth of the Animal Nutrition Market.
- Animal Nutrition Market Detailed Analysis of the Strengths, Weaknesses and Opportunities of the prominent players operating in the market would be provided in the Animal Nutrition Market report.
Animal Nutrition Market Segment Analysis - by Nutrient Type
The Animal Nutrition Market, based on nutrient type, can be further segmented into Amino Acids, Enzymes, Carotenoids, Fiber, Antioxidants, Eubiotics, Lipids, Fatty Acids, Medicated Feed Additives, Minerals, Vitamins and Others. The Amino Acids Segment held the largest share of the Animal Nutrition market in 2021. Amino acids are essential constituents of human and animal nutrition. The surging supply of amino acids as supplements for animal diets built through chemical or fermentative production processes is further propelling the growth of the Amino Acids segment. Furthermore, the Carotenoids segment is estimated to grow at the fastest CAGR of 7.2% during the forecast period 2022-2027 due to soaring supplementation of poultry feed and aqua feed including salmon feed and trout feed with carotenoids in suitable levels.
Animal Nutrition Market Segment Analysis - by End-user
The Animal Nutrition Market, based on end-user, can be further segmented into Animal Feed Manufacturers, Veterinarians, Households, Farms, Zoos, Animal Shelters and Others. The Farms Segment held the largest share of the Animal Nutrition market in 2021. This growth is fueled by the growing application of Animal Nutrition in farms. The principal categories of nutrients required by farm animals include carbohydrates, fibers, protein and more. The snowballing benefits of animal nutrition in farms like enhancing animal temperament, effortless breeding and farmland advantages are further propelling the growth of this segment.
Furthermore, the Animal Feed Manufacturers segment is estimated to grow at the fastest CAGR of 7.3% during the forecast period 2022-2027 due to soaring production of animal feed supplements performed by accumulating greatly-nutritional by-products of distinct food processing firms with ultimate feeders.
Animal Nutrition Market Segment Analysis - by Geography
The Animal Nutrition Market, based on geography, can be further segmented into North America, Europe, Asia-Pacific, South America and the Rest of the World. Asia-Pacific (Animal Nutrition Market) dominated the Animal Nutrition market with a 42% share of the overall market in 2021. The Asia-Pacific region is the biggest animal feed producer in the world. The growing demand for meat and meat-associated products among consumers is further propelling the growth of the Animal Nutrition Industry, thereby contributing to the Animal Nutrition Industry Outlook, in the Asia-Pacific region.
Furthermore, the North American region is estimated to be the region with the fastest CAGR over the forecast period 2022-2027. This growth is driven by factors like the dominance of the U.S. in the North American region. The R&D funding for animal nutrition by key players like DSM is further fueling the progress of the Animal Nutrition Market in the North American region.
Animal Nutrition Industry Outlook
Novel product launches, mergers and acquisitions, collaborations, joint ventures and partnerships are key strategies adopted by players in the Animal Nutrition Market. The top 10 companies in the Animal Nutrition market are:
- Alltech Inc.
- BASF
- Cargill Incorporated
- Church & Dwight Co Inc.
- Royal DSM
- Evonik Animal Nutrition
- Balchem Inc.
- Elanco Animal Health Incorporated
- Kemin Industries Inc.
- Novozymes A/S.
Recent Developments
- In July 2022, the Nutrition & Health Division of BASF was enhancing its position as an ingredients partner for animal nutrition and human nutrition industries. This was performed by integrating strategic and operational responsibility in one global business unit. The unit is termed Nutrition Ingredients.
- In April 2022, Cargill planned to extend the nutrient R&D capacities of the Global Animal Nutrition Innovation Center. The Center is in Elk River, Minnesota. It is 30 minutes from its headquarters.
- In March 2021, Alltech pronounced that it was utilizing its greater than 40 years of scientific innovation and approved nutrition competence to human health. Alltech introduced a novel business division termed Acutia. Alltech is recognized for its animal health and nutrition portfolio.
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