Animal Nutrition Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

Introduction: -

Animal nutrition focuses on dietary needs of animals, predominantly those in food production and agriculture. These nutrients which include macronutrients, vitamins, dietary mineral, enzymes, eubiotics, and amino acids are very essential for efficient meat and milk production and the healthy growth of agricultural animals.  Apart from animal husbandry, animal nutrition has a wide scope of application in households, veterinarians, zoos, animal shelters and wildlife management, among others. The global animal nutrition market is projected to expand at a compounded annual growth rate (CAGR) of 6.0% during the forecast period of 2022-2030.

Growth Drivers:

According to the Food and Agriculture Organization of the United Nations, the world meat output was estimated to be over 330 million tonnes in 2017. The demand and consumption of protein and meat has surged dramatically over the last few years owing to the rising disposable incomes of the growing global population. In order to meet this unlimited meat-based protein demand and for efficient quality and quantity production, the application of animal nutrition in the livestock sector is becoming highly necessary and is expected to surge significantly in the next few years.

According to a periodic report released by the UN Population Division in 2017, the number of children below 15 years was estimated to be around 1.9 billion, constituting a major 27% of the world population. The increasing demand for feeding dairy milk to such population is a key factor propelling the demand for animal nutrition for the efficient production of milk globally.

Furthermore, the increasing consumption of meat and meat products across the globe, the rapid industrialization of livestock in the developing and developed countries, the surging nutritional requirements of existing livestock, the growing consumption of animal-based products due to the rising disposable incomes of people, the rising emphasis of fast-food chains and the meat industry on livestock health to ensure high-quality products, the burgeoning incidences of zoonotic diseases globally the proliferating demand for protein rich diet among people, the soaring domesticated animals and livestock population, the growing number of pet health care centers and veterinaries and the rising animal feed use are expected to further bolster the growth of the global animal nutrition market during the forecast period.

However, factors such as the high prices associated with animal nutrition products, the increasing availability of counterfeit-products, the growing concerns regarding various health-related problems in animals due to the consumption of animal nutrition products, the presence of stringent approval process are anticipated to hamper the growth of the global animal nutrition market during the forecast period.

Animal Nutrition Market Segmentation:

By Species:

·         Poultry

·         Ruminants

·         Swine

·         Pet

·         Equine

·         Others

By Nutrient:

·         Amino Acids

·         Carotenoids

·         Eubiotics

·         Vitamins

·         Enzymes

·         Minerals

·         Lipids

·         Cereals

·         Carbohydrates

·         Others

By Application:

·         Farms

·         Households

·         Veterinarians

·         Zoos

·         Animal Shelters

·         Animal Feed Manufacturers

·         Others

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Animal Nutrition Market: Species Review:

Based on species, the animal nutrition market is segmented into poultry, ruminants, swine, pet, equine and others. The poultry segment dominated the market in 2021. The trend is predicted to remain unchanged over the forecast period of 2022-2030.

Animal Nutrition Market: Nutrients Review:

Based on nutrients, the animal nutrition market is segmented into amino acids, carotenoids, eubiotics, vitamins, enzymes, minerals, lipids, cereals, carbohydrates and others. The amino acids segment captured the highest share of the market share in 2021, with estimations of the lead to further continue over the forecast period of 2022-2030. The segment’s growth can be attributed to the rising supplementation of amino acids for obtaining quality animal-based food products such as meat, milk, and eggs.

Animal Nutrition Market: Application Review:

Based on application, the animal nutrition market is segmented into farms, households, veterinarians, zoos, animal shelters, animal feed manufacturers and others. The animal feed manufacturers segment accounted for the largest share in 2021. The segment’s domination is projected to remain unharmed during the forecast period, primarily due to the increasing usage of amino acids by animal feed manufacturers in their products to improve their quality.

Regional Outlook:

The animal nutrition research report offers detailed analysis and forecasts for five major regions: North America, Europe, Asia Pacific and Latin America, and the Middle East & Africa.

The Asia Pacific captured the largest share in the global animal nutrition market in 2021, followed by North America, Europe, Latin America, and the Middle East & Africa.  The region is estimated to retain its dominance further in the market during the forecast period of 2022-2030, predominantly due to the region being the largest animal feed producer in the world. Moreover, the massive meat, poultry and pork consumption in densely populated economies of India and China, the high animal population, the increasing acceptance of animal nutrition products, the ever-rising population base, the escalating awareness regarding heath of animals, the surging animal health issues are also primarily driving market growth in this region. India and China stand as the leading contributors to the growth of the market in the region.

The North American region is driven by several factors including the surging companion animal ownership, the well-established animal nutrition infrastructure, growing demand for pet insurance, the increasing animal health expenditure and huge consumption of animal products in the region. The soaring prevalence of zoonotic diseases and the increasing number of initiatives by various government agencies and animal associations are also contributing to the growth of the animal nutrition market. The U.S. and Canada are the major contributors to the growth of the market in the region.

The report also identifies the country market outlook for animal nutrition, covering country-wise market size, growth rate, market share, segmentation, leading players, current trends, and opportunities.

Key Companies in Animal Nutrition Market:

The research report offers a competitive analysis of prominent companies operating in the global animal nutrition market. Some of the leading players profiled in the market research report include:

·         Jubilant Lie Sciences

·         DSM Company

·         BASF SE

·         Cargill Incorporated

·         Dupont

·         Kemin Industries Inc.

·         Evonik Industries

·         Novozymes

·         Neutreco N.V.

·         Archer-Daniels-Midland Company

·         Other Players