It includes in-depth insights into the animal feed nutrition market. Some of these are:
- The estimated value of the market was at USD 184.3 Bn in 2032. Through the course of the report’s forecast period, the market will exhibit a stable growth
- Regionally, North America emerged as a key market for animal feed nutrition
- Europe and Latin America will remain steady as key markets for animal feed nutrition
- In terms of ingredient, soybean meal is expected to holds the largest share in the market
- Key players are likely to focus on new microbial strains to improve immune function in animals to gain a competitive edge in the market
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“North America is likely to emerge as a lucrative market for nutritional ingredients in animal feed. The presence of highly aware consumers, in addition to their high per-capita income, supports the expansion of the market in North America,” said a lead analyst at FMI.
Rising Demand for High-Quality Meat Creates Opportunities for Expansion
Farmers are perpetually under the pressure of meeting the rising demand for high-quality meat and other animal products. Besides this, rising awareness and better access to information has rendered consumers highly conscientious. As a result the demand for improved quality and sustainability is at all-time high. In addition to this, an increasing number of consumers are likely to supplement diets with additives such as enzymes, amino acids, vitamins, probiotics, and organic acids. This will in turn create demand for animal feed nutrition.
Who is Winning?
Some of the leading players operating in the animal feed nutrition market are BASF SE, Ingredion Inc., Barentz, Altech Corp. and others.
As a result of increasing competition, manufacturers in the animal feed nutrition market are looking to offer one-stop solutions to their consumers. This is mainly because a majority of these companies want to vertically integrate their business lines to offset competition. In general the market witnesses considerable competition, especially with Chinese companies fighting to secure higher share in the global market. Experts suggest that in order to gain a competitive advantage, market players should focus on developing novel microbial strains and expanding their product portfolio.
Get Valuable Insights into the Animal Feed Nutrition Market
Future Market Insights, in its new report, presents an unbiased analysis of the global animal feed nutrition market, covering historical demand data and forecast figures for the period between 2022 and 2032. The study divulges compelling insights into growth witnessed in the market. In terms of ingredient, the market can be segmented into wheat, corn, soybean meal and oats. Based on type, the market can be classified into minerals, amino acids, enzymes, vitamins, acidifiers, antibiotics, and antioxidants.
Nutritional Ingredients in Animal Feed Market by Category
By Source, Nutritional Ingredients in Animal Feed Market is segmented as:
- Corn
- Wheat
- Soyabean Meal
- Fish
- Oats
- Alfalfa
- Others
By Nutrition Type, Nutritional Ingredients in Animal Feed Market is segmented as:
- protein
- vitamins
- Amino Acid
- Enzymes
- Acidifiers
- Antibiotics
- Antioxidants
By Animal Type, Nutritional Ingredients in Animal Feed Market is segmented as:
- Poultry
- Chicken
- Turkey
- Ducks
- Others
- Cattles
- Cow
- Sheep
- Hoarse
- Goat
- Pig
- Others
- Fish
- Others
By Region, Nutritional Ingredients in Animal Feed Market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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