The Global Acids & Nutrients in Animal Nutrition market was worth USD xxxx billion in 2016 and estimated to be growing at a CAGR of xxxxx%, to reach USD 13.87 billion by 2021. Evident potential is being showcased by the market in the forecasting period mentioned.
According to the report “Acids and Nutrients in Animal Nutrition Market by Type (Minerals, Proteins, Vitamins, Carbohydrates, Organic Acids, Amino Acids, Fibres) by Application (Poultry Feed, Ruminant Feed, Aqua feed, Equine Feed, Swine Feed, Other Livestock Types) and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts(2016–2021)” published by Market Data Forecast,
Acids and Nutrients in Animal nutrition is a growing sector owing to the emerging animal feed marketers and increasing awareness in the direction of giving nutritional food to animals.
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The increasing demand for meat and milk sectors are encouraging the feed manufacturers to include nutritional feed for animals in the interest of animal health and preventing diseases.
High nutrition feeds promise good health to the animals and protect them from endemic diseases. As a result of the increasing preference for healthier and safer feed for their animals with the emergence of milk and meat sectors, there has been a surge in demand for the market in the recent times.
Majority of the feed market is covered by the swine, ruminant and poultry feed. There also exist small shares of equine and aquatic feeds.
The increase in the awareness of quality feed and the requirements of nutrition value for the animals are the drivers for Acids and Nutrients in animal nutrition market. The increase in the usage of animal feed is expected to have an impact on the growth of the market in future.
Growth in the meat and milk sectors are impacting the feed manufactures to provide better quality feeds that are rich in nutrients and acids hence adding to the growth of the market. Using amino acids are having their own benefits.
Huge volume requirements for cattle feed and higher dependence on nutrition and health maintenances of the aquaculture due to higher human consumption of aquatic animals is aiding the growth of the market.
The Acids and nutrients for the animal feed market are segmented on the basics of types and applications. On the basis of type Acids and Nutrition for the animal feed market can be segmented into Minerals, Proteins, Carbohydrates, Vitamins, Organic Acids, Amino Acids, and Fibres.
Vitamins are further segmented into Vitamin E, Vitamin A, Vitamin C and Vitamin B2. Amino acids are the major segment to contribute to the growth of the market.
On the basis of application, Market can be segmented into Swine Feed, Ruminant Feed, Aqua feed, Poultry Feed, Equine Feed and Other Livestock Types. Ruminants are to dominate the market and expected to continue in the following years.
By region, Market can be segmented as North America, Asia-Pacific, Latin America, Europe and Middle East and Africa.
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Some of the major companies dominating the market are:
- Alltech, Novus International Inc
- Evonik Industries Ag
- Archer Daniels Midland Company
- Adisseo France S.A.S
- Cargill Incorporated
- BASF SE
- Royal DSM N.V
- Charoen Pokphand Foods Pcl
- Nutreco N.V.
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