Non-Protein Nitrogen Market By Form (Dry, Liquid, Pallet), By Type (Urea, Ammonia, Others), By Livestock (Swine, Poultry, Cattle, Aquaculture, Other Livestock), And By Region
According to the report Global Non-Protein Nitrogen Market, published by Market Data Forecast, the Market was worth USD 1.4 billion in 2016 and estimated to be growing at a CAGR of 4.7%, to reach USD 1.76 billion by 2021. The Non-Protein Nitrogen market is showing evident potential in the mentioned forecasting period.
The market continues to gain momentum with the technological advancements as well as emerging markets across the globe.
Non-Protein Nitrogen is a vast term in animal nutrition used to refer to a bunch of components such as urea, ammonia and others which are not actually proteins but can be converted into one by action of microbes in ruminant stomach.
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The rising demand for animal products has been fuelling the growth of non-protein nitrogen market in recent years. Further, other factors driving the market growth include, growth in dairy industry, increase in meat consumption, rise in cattle population, ease of availability, cost efficiency, R&D in animal feed industry.
Besides these, there are factors holding the market back, like stringent government regulations, toxicity in ruminants, causes of non-protein nitrogen toxicity.
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The Global market for Non-Protein Nitrogen is segmented on the basis of type, form and livestock. The market segmentation on the basis of type is done under urea, ammonia, others.
On the basis of form the segments include, dry, liquid and pallet. Based on livestock the market is segmented into swine, poultry, cattle, aquaculture, and others.
The cattle segment accounted for the highest market share on the basis of livestock due to increase in production of cattle meat over the recent years and is expected to grow even further.
On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Non-Protein Nitrogen market was dominated by Asia-Pacific, with the overall market share of over 34% globally.
Asia-Pacific was followed by North America and Latin America. Asia Pacific is predicted to grow at a rapid pace while Europe market is expected to be stagnant in the coming few years.
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Some of the major companies dominating the market, by their products and services include Archer Daniels Midland Company, Yara International ASA, Borealis AG, Incitec Pivot Limited, The Potash Corporation of Saskatchewan Inc., Petróleo Brasileiro S.A., Skw Stickstoffwerke Piesteritz GmbH, Fertiberia SA, Alltech Inc., Antonio Tarazona SL.
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