The manufactures of animal feed have begun providing feed with nutrition to the animals which are rich in nutrients, acids and proteins. It is mainly because of the face that High demand for meat and milk is expected.
According to the report “Latin America Acids and Nutrients in Animal Nutrition Market by Type (Proteins ,Minerals, Vitamins, Carbohydrates, Amino Acids, Organic Acids, Fibers) by Application (Ruminant Feed, Poultry Feed, Aqua feed, Swine Feed, Equine Feed, Other Livestock Types) and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts(2016–2021)” published by Market Data Forecast, Latin America Acids and Nutrients in Animal Nutrition market was worth USD XX billion in 2016 and estimated to be growing at a CAGR of XX%, to reach USD XX billion by 2021 .Latin America also contributes a considerable share of the market
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All these sectors are empowering the manufactures of feed which has high nutrition valve such that the animals are safe and healthy.
The increase in the awareness of quality of animal feed for domestic animals and the requirements of nutrition value for the animals are the drivers for Acids and Nutrients in animal nutrition market.
The increase in the using of animal feed is expected to have a good impact on the growth of the market in future. Growth in the meat and milk sectors are showing impact on the manufactures of feeds to give more quality feeds which are rich in nutrients and acids.
Hence adding to the growth of the market.
High nutrition feeds promise good health to the animals and protect them from endemic diseases. Using amino acids are having their own benefits.
Huge volume requirements cattle feed is the major driving factor for the market. High development can be seem in the aquaculture for the nutrition and health maintenances of the animals in water because of large human consumption of aquatic animals like fish and others that are highly helping in the growth of the Latin America Acids and Nutrients in Animal Nutrition Market.
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The Latin America Acids and Nutrients in Animal Nutrition Market are segmented on the basis of types and applications. On the basis of type Acids and Nutrition for the animal feed market can be segmented into Proteins, Minerals, Vitamins, Carbohydrates, Amino Acids, Organic Acids, and Fibers.
Vitamins are further segmented into Vitamin A, Vitamin E, Vitamin B2 and Vitamin C. Amino acids are the major segment to contribute to the growth of the market.
On the basis of application, Market can be segmented into Ruminant Feed, Poultry Feed, Aqua feed, Swine Feed, Equine Feed, Other Livestock Types. Ruminants are to dominate the market and expected to continue in the following years.
Some of the major companies dominating the Latin America Acids and Nutrients in Animal Nutrition Market are:
- Adisseo France S.A.S
- Archer Daniels Midland Company
- BASF SE
- Cargill Incorporated
- Charoen Pokphand Foods Pcl.
- Royal DSM N.V.
- Evonik Industries Ag
- Nutreco N.V.
- Novus International Inc.
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