Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 12.94 Billion | USD 18.74 Billion | 4.2% | 2023 |
According to the report published by Zion Market Research, the global Acids & Nutrients in Animal Nutrition Market size was valued at USD 12.94 Billion in 2023 and is predicted to reach USD 18.74 Billion by the end of 2032. The market is expected to grow with a CAGR of 4.2% during the forecast period. The report analyzes the global Acids & Nutrients in Animal Nutrition Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Acids & Nutrients in Animal Nutritiont industry.
For the proper growth and health of animals, acids and nutrients are required in the feed. The animal feed manufacturers have started providing nutritional feed to the animals that are rich in proteins, acids, and nutrients. It is mainly owing to the factor that, currently, there is a high demand for milk and meat of animals. These sectors are encouraging the feed manufacturers to come up with feeds that have high nutritional value so that the animals are healthy and are protected against harmful diseases. In the past, the swine feed was badly affected due to the emergence of the disease swine flu. The major feeds that are available in the market are poultry, ruminant, and swine feeds. There are also small shares from the aquatic and equine feeds.
The global acids & nutrients in animal nutrition market are segmented into its type, application, and regions.
Based on the type of the acids and nutrients in animal nutrition, the market is categorized into minerals, carbohydrates, organic acids, vitamins, proteins, amino acids, fibers, and others.
On the basis of the applications, the global acids & nutrients in animal nutrition market are segmented into ruminant feed, aquatic feed, equine feed, poultry feed, and swine feed.
The acids & nutrients in animal nutrition market are further diversified into regions such as Asia Pacific, North America, Europe, and Rest of the World.
The growing awareness of animal feed quality for domestic animals as well as the nutrient requirements required for them is driving the acids & nutrients in animal nutrition market. The growth in the usage of the animal feed is anticipated to have the positive impact on the market growth in the coming years. Rising milk and meat industries is influencing the feed manufacturers to provide high quality feeds that are rich in acids and nutrients, thus contributing to the market growth. Good nutrition rich feeds ensure good health to the livestock and prevent them from endemic diseases. The usage of amino acids is more owing to its beneficial characteristics.
The animal feed for ruminants dominate the acids and nutrients in animal nutrition market and is going to continue the same in the coming years. High volume requirements of animal feed for cattle is a major factor for the global acids & nutrients in animal nutrition market growth. There has been a huge development in the aquaculture for the maintenance of health and nutrition of the aquatic animals due to the high human consumption of fishes and other marine animals which are positively helping in the market growth.
Report Attributes | Report Details |
---|---|
Report Name | Acids & Nutrients in Animal Nutrition Market |
Market Size in 2023 | USD 12.94 Billion |
Market Forecast in 2032 | USD 18.74 Billion |
Growth Rate | CAGR of 4.2% |
Number of Pages | 209 |
Key Companies Covered | BASF SE, Cargill Inc., Charoen Pokphand Foods Pcl, Nutreco N.V., Novus International Inc., Adisseo France S.A.S., Evonik Industries Ag, Archer Daniels Midland Company, Royal DSM N.V., and Alltech |
Segments Covered | By type, By application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The Asia Pacific region dominates the acids & nutrients in animal nutrition market. It is mainly due to the increasing population that consumes the high amount of meat, milk and meat products, contributing to the market growth. Asia Pacific and South America consume the major amount of amino acids for animal feed additives due to the low cost and availability, thus driving the market. Regions such as Europe and North America also have ample share in the growth of the acids & nutrients in animal nutrition market.
Some of the major industries operating in the acids & nutrients in animal nutrition market include:
By application
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