Animal Nutrition Chemicals Market size is expected to reach US$ 20.14 Bn Bn by the end of 2029

The global animal nutrition chemicals market size is expected to reach US$ 20.14 Bn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 5.7% CAGR between 2019 and 2029. According to the report, the rising demand for animal protein product will stoke growth in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

The increasing demand for livestock products across the globe is driving the market. Also, it is expected to gain from the increasing incidence of diseases in animals. However, the use of in feed enzymes and stringent regulations on products such as these are limiting the growth of this market.

Animal nutrition chemicals are supplements given to animals to correct deficiencies in feed .In addition to this, animal nutrition chemicals improve animal immunity, pregnancy outcome, fertility, new born survival and growth, meat quality, and feed efficiency. The increasing demand for pets and their health insurance will create growth opportunities for this market.

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Increasing Use of Milk, Meat and Related Animal Products Worldwide will Boost Growth

Animal nutrition chemicals are essential feed additive products to boost the growth in animal and to maintain their health. These are widely used in the feed industry to improve the quality of product and ensure better nutrition quality. Increase in domesticated animals and livestock population drives the animal nutrition chemical market. Moreover, rise in pet health care centres and veterinaries is expected to fuel the market growth. Furthermore, rapid industrialization of livestock farming, increase in health problems among animals, and rise in meat demand are some of the major factors boosting the animal nutrition chemicals industry. The upsurge in consumer demand for performance and nutrition solutions on account of rising pet and cattle population is one of the primary factors driving the market.

Who is Winning?

Some of the leading players operating in the Animal Nutrition Chemicals market are BASF SE, Dow Chemical Company, DuPont, Kemin Industries, Tata Chemicals, Novozymes, Royal DSM, and Balchem Corporation.

As a result of the rising demand for animal protein products and the rising trend of ownership of pet animals. Moreover, the rising incidences of epidemics of animal diseases, rising livestock population and the rising concerns of pet owners regarding their pets’ health are triggering the demand for safe and healthy pet foods, which in turn is stimulating the growth of the global animal nutrition chemicals market. Moreover, the growing consumption of meat across the globe is augmenting the market.

On the downside, increase use of in-feed enzymes and probiotics as an alternative are the restraining factors for the growth of the animal nutrition chemicals market. The U.S. will emerge as a major contributor owing to the increasing spending on their pets. This has led to the growing demand for nutritional products. In Europe, countries such as Germany, France, the U.K., and Switzerland are the sights of high growth rate owing to strong domestic consumption.

ANIMAL NUTRITION CHEMICALS MARKET TAXONOMY

The Animal Nutrition Chemicals market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

  • Amino Acid
  • Vitamin
  • Mineral
  • Enzyme
  • Fish Oil & Lipid
  • Carotenoid
  • Eubiotics
  • Others (Vacuum Salts and Organic Food)

Application

  • Animal Food Manufacturer
  • Farm
  • Household
  • Veterinarian
  • Others (Domestic Animal Feed and Aquaculture)

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

By Species

  • Poultry
  • Swine
  • Ruminant
  • Pet
  • Others (Aquaculture and Euqines)

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Significant Contributions of the Report

  • Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
  • Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
  • Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
  • Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
  • Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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