Market Overview:
Animal Nutrition Market Size Was Valued at USD 42,081.98 Million in 2023 and is Projected to Reach USD 53,178.97 Million by 2030, Growing at a CAGR of 3.40% From 2023-2030.
Animal nutrition refers to the study of dietary needs and requirements of animals for growth, maintenance, reproduction, and overall health. It encompasses understanding the composition of feed, its digestion, absorption, and utilization by animals. Advantages of proper animal nutrition include improved growth rates, enhanced reproductive performance, better disease resistance, and higher product quality such as meat, milk, or eggs. In the market, applications of animal nutrition are diverse, ranging from formulating balanced diets for livestock and pets to producing specialized feeds for specific animal categories. Additionally, it extends to the development of supplements and additives aimed at optimizing animal health and productivity, catering to the demands of a growing global population for safe, nutritious, and sustainable animal-derived products.
Top Key Players Covered in The Animal Nutrition Market:
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- Cargill (U.S)
- Archer Daniels Midland Company (U.S)
- Biovet (Canada)
- Bluestar Adisseo(China)
- Evonik Industries (Germany)
- BASF SE (Germany)
- Advanced Enzyme Technologies Limited (India)
- AB Vista (UK), and Other Major Players
Market Dynamics and Factors:
The animal nutrition market is driven by several factors, including the increasing demand for high-quality animal products such as meat, milk, and eggs due to population growth and rising disposable incomes. This drives the need for efficient animal nutrition to maximize productivity and quality in livestock farming. Additionally, the growing awareness among consumers about the importance of animal welfare and sustainability has led to a shift towards organic and natural feed ingredients, prompting manufacturers to develop innovative and eco-friendly feed solutions. Moreover, advancements in technology and research have enabled the development of customized nutritional programs tailored to the specific needs of different animal species, optimizing feed efficiency and reducing environmental impact.
Opportunities in the animal nutrition market abound due to the increasing focus on preventive healthcare in animal husbandry, leading to the development of nutraceuticals and functional feed additives that enhance immune function and overall health. Furthermore, the expansion of aquaculture and pet food sectors presents significant growth prospects for the animal nutrition industry, as companies strive to meet the evolving dietary requirements of fish and companion animals. Additionally, the emergence of novel ingredients such as insect meal and algae as sustainable protein sources offers opportunities for diversification and innovation in feed formulations. Moreover, the integration of digital technologies like precision farming and data analytics into animal nutrition management allows for real-time monitoring and optimization of feed efficiency, enabling farmers to make informed decisions and improve productivity.
The Animal Nutrition Market Report Highlight:
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- By Type, Amino Acids segment is expected to dominate the market during the forecast period. They play a crucial role in supporting animal growth, metabolism, and overall health. With increasing awareness about the importance of amino acids in animal diets, their demand is projected to rise significantly, driving growth in the market.
- By End-Users, the Feed Manufacturers segment held the largest share of the market. Their role is crucial in formulating and producing balanced feeds for livestock, poultry, aquaculture, and pets. As key players in the supply chain, feed manufacturers drive innovation, quality assurance, and sustainability efforts, catering to the diverse nutritional needs of animals worldwide.
- By Region, APAC is Expected to Dominate the Market Over the Forecast Period. Due to rapid urbanization, increasing disposable incomes, and a growing demand for high-quality animal products. Moreover, the region's burgeoning population and expanding livestock farming industry are driving the need for efficient and sustainable animal nutrition solutions.
Key Industry Development:
In October 2023, Evonik China Co., Ltd and Shandong Vland Biotech Co., Ltd agreed to build a joint venture to expand their presence in gut health solutions products for farm animals globally. Evonik will be the majority shareholder in this joint venture with 55 percent of the shares. The joint venture, called Evonik Vland Biotech (Shandong) Co., Ltd. will have its headquarters in Binzhou, China, and is planned to enter the market in Q1/2024.
In January 2023, BASF and Cargill expanded their partnership to offer high-performance enzyme solutions to animal protein producers in the United States. By combining the enzyme research and development strengths of BASF with Cargill’s know-how in the application and broad market reach, the partners will form a joint innovation pipeline for animal protein producers.
The Animal Nutrition Market Segmentation:
By Type
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- Amino Acids
- Enzymes
- Carotenoids
- Fiber
By Animals
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- Companion
- Livestock
By Feed Type
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- Poultry Feed
- Swine Feed
- Ruminant Feed
- Pet Food
By End Users
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- Feed Manufacturers
- Veterinarians
- Pet Food Manufacturers
- Livestock Farmers
For this report, Pristine Intelligence has segmented the Animal Nutrition Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
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- The U.S.
- Canada
- Mexico
Eastern Europe
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- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
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- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
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- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
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- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
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- Brazil
- Argentina
- Rest of SA
