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Animal Nutrition Market size is $16,139.3 million and is growing at a CAGR of 5.4% during the forecast 2018-2023.
The global animal nutrition market size is $16,139.3 million and is estimated to grow at a CAGR of 5.4% during 2018-2023. By nutrients Amino acids dominated the market generating over $6,411.2 million in revenues as of 2017 and is projected to further grow at a CAGR of 5.7% by 2018-2023.
According to the new market research report by IndustryARC titled “Animal Nutrition Market: By Nutrient (Amino Acids, Minerals, Vitamins, Eubiotics, Enzymes, Others); By Livestock (Ruminant, Poultry, Aquaculture, Swine, Equine, Pets, Others); By Administration Method (Oral, Topical and Injection); By Geography - (2018-2023)”, the market is largely driven by the increasing adoption of animal nutrition products by the farmers and producers for the high quality production of meat and milk globally.
APAC continues to lead the Animal Nutrition Market share and growth during 2018-2023:
Asia-Pacific region is the prominent market for animal nutrition, with the highest share in the overall market. This segment is projected to continue its dominance in the coming years as well as growing at a CAGR of 6.8%. The market is estimated to grow faster in the developing countries such as Brazil, China and India. North America and Europe account for more than half the global market and are poised to witness sluggish growth during the forecast period.
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Animal Nutrition Market Analysis done in the full Report:
Animal nutritional needs includes: energy, protein, essential minerals and vitamins which are met by the intake of various combinations of pastures, forage crops, conserved forages (hay and silage) and concentrates (grains and processed meals). Animal Nutrition products are used at various stages in the meat production value chain. These products are used by livestock producers, integrated feed producers, feed mills, macro blends producers and premixers. Animal Nutrition products are manufactured and marketed by various players and delivered in various forms such as animal feed additives, premixes, specialty feed and compound feed. Players in animal nutrition market supply products to premix and macro blend producers, compound feed producers and farmers. There are also many home mixing farmers who buy animal nutrition products to serve the livestock industry needs.
Excerpts on Animal Nutrition Market Growth Factors Mentioned in the Full Report:
Consumer awareness coupled with rising demand for quality and nutrition food from consumers, is set to drive the growth of the market throughout the forecast period.
Rapidly rising mass production of meat and meat products is an indicator of growing trend for landless meat production facilities. Increase in industrial production of meat, especially in emerging economies such as India and China, drive the demand for animal nutrition market.
Key Players of the Animal Nutritions Market:
The major key players of the Animal Nutritions Market includes Adisseo France SAS, Royal DSM and Archer Daniels Midland Company.
Nutreco N.V. acquired two Brazilian companies namely, Fatec Indústria de Nutrição e Saúde Animal Ltda (Brazil) and BRNova Sistemas Nutriconais S.A. (Brazil) to strengthen its distribution network and product portfolio in animal nutrition.
Animal Nutritions Market Report is Segmented as below.
By Nutrient Type
By Administration Method
Animal Genetics Market
What can you expect from the report?
The Animal Nutritions Market Report is Prepared with the Main Agenda to Cover the following 20 points:
Market Size by Product Categories
Top 10 End user Analysis
Product Bench marking
Mergers & Acquisition Analysis
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