The growth of the market has been driven by the factors such as increasing investment by the wide range of manufacturers along the entire value chain, growing consumer demand for performance and concerns about environment for a sustainable future.
Animal Nutrition Chemicalsare amino acids that provide nutrition to the animals and act as a buffering agent to boost the immune system of the animals. The products manufactured by the animal nutrition chemicals market are carotenoids, organic acids, enzymes, vacuum salts and vitamins.
Animal nutrition chemicals market provides excellent products of choice for the animal feed markets such as aquaculture, poultry, and domestic animal feeds. This market reduces over-fertilization of the soil, reduces the environmental pollution and increases the efficiency of animal farming which in turn provides healthy diet for humans.
Moreover, increased demand for healthy and safe pet food and increased awareness of the people who own pets, about the health of their pets has also contributed to the growth of the market. The major limiting factor that is hampering the growth of the market is the high price of the chemicals.
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Growing demand for eco-friendly solutions and emerging bio-chemicals industry that would help to develop bio-based chemicals are expected to create lot of opportunities to the growth of the market.
Animal Nutrition Chemicals Product Market Analysis
Animal Nutrition Chemicals Product Market is segmented into amino acids, vitamins, minerals, enzymes and others (Carotenoids, Organic Food, Vacuum salts, etc). Amino acids segment is the most revenue generating segment due to its protein efficiency contents, which is the most essential nutrients in animal nutrition.
Animal Nutrition Chemicals Application Market Analysis
Animal Nutrition Chemicals Application Market is segmented into animal food manufacturers, farms, households, veterinarians and others (Domestic Animal Feed, Aquaculture, etc). Animal food manufacturers segment is the most revenue generating segment due to industrialization of meat production and high demand for safe and healthy pet food.
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Animal Nutrition Chemicals Geography Market Analysis
Animal Nutrition Chemicals geography market is segmented into North America, Europe, Asia Pacific and RoW. North America is the dominating segment of this market due to growing pet population and high demand for nutritional products.
The key strategies adopted by the companies to expand in the animal nutrition chemicals market are product launches, mergers & acquisitions and agreements & collaborations. Top players in the market are Tata Chemicals, Dow Chemical Company, DuPont, Evonik Industries AG, Church & Dwight Company Incorporated, Balchem Corporation, Kemin Industries , Royal DSM NV, and Novozymes
High level Analysis
The report presents detailed analysis of Animal Nutrition Chemicals market using Porter’s five forces model. Degree of bargaining power of consumers is expected to be high due to competition among industry leaders for innovative products.
Degree of bargaining power of suppliers is expected to be moderate, due to good number of vendors present in market. Threat of new entrants is high, as business needs moderately high capital investment.
- The study helps to analyze the animal nutrition chemicals market trends to provide excess intelligence into the entire market segment and thus, helps the market players to make strategic decisions.
- To identify competitive strategies adopted by the top players and thus assist the stakeholders in taking actionable decisions.
- Porter’s five forces model helps to understand the scope of bargaining power of buyers and suppliers and threat of the new entrants.
- The analysis focuses on the wide variety of opportunities for the growth and expansion of the market.
KEY MARKET SEGMENTS
Animal Nutrition Chemicals market is classified according to products, applications and geographies.
Market by product
- Amino Acids
- Others (Carotenoids, Organic Food, Vacuum salts, etc )
Market by Applications
- Animal Food Manufacturers
- Others (Domestic Animal Feed, Aquaculture,.
Market by Geography
- North America
- Asia Pacific
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