Nutritional Ingredients in Animal Feed Market 2021 Outlook, Current and Future Industry Landscape Analysis 2030

The global nutritional ingredients in animal feeds market is projected to reach a valuation of US$ 641.3 Mn in 2029, with a forecasted growth of 4% CAGR during 2019 – 2029. As indicated by a new study by Future Market Insights (FMI), the market is receiving impetus from the rising per capita consumption of meat products in developing regions, and the consequent expansion of the livestock industry.

“North America is set to emerge as a lucrative market for nutritional ingredients in animal feed. The growth of consumer awareness, and a higher per-capita income, supports the rise of the market,” opines the Future Market Insights study.

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Key Research Findings of FMI’s Nutritional Ingredients in Animal Feeds Market Study

  • Soybean meal in animal feeds will continue to account for a majority of the market revenue.
  • Key players are expected to invest in the development of new microbial strains to bolster immune function in animals and attain an edge on the competition.
  • North America continues to lead the global market, owing to a major livestock industry.
  • Europe and Latin America will display steady growth with rising demand for animal products.

Key Growth Drivers – Nutritional Ingredients in Animal Feeds Market

  • Expansion of the livestock feed industry and aquaculture in developing countries is driving the growth of nutritional ingredients in the animal feeds market.
  • Rising per capita meat consumption figures is a key factor shaping popularity of nutritional ingredients in animal feeds market.
  • Restrictions on the use of antibiotics and growing awareness about animal health among pet owners broadens their scope of adoption.

Key Impediments – Nutritional ingredients in animal feeds Market

  • High costs related to the production and sale of animal feeds in different countries continues to be a major restraint for the growth of the nutritional ingredients in animal feeds market.
  • Lack of awareness among a large number of potential end users will remain a key impediment facing manufacturers of nutritional ingredients in animal feeds.

Explore the full nutritional ingredients in animal feeds market report with 96 illustrative figures, 96 data tables and table of contents. Also avail a detailed market segmentation on

Animal Feed Nutrition Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030

A recent market study published by Future Market Insights on the animal feed nutrition market offers global industry analysis for 2015-2019 & opportunity assessment for 2020–2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.

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