According to a new market research report launched by Inkwood Research, the Global Animal Nutrition Market is progressing at a CAGR of 6.10% between 2021 and 2028 and is projected to generate around $15286.1 million by 2028.
Browse 61 Market Data Tables and 50 Figures spread over 220 Pages, along with in-depth analysis on Global Animal Nutrition Market by Product Type, Species, Application & by Geography.
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.
Global Animal Nutrition Market Scenario
Animal nutrition caters to the dietary needs of animals such as poultry, ruminants, and pets. The feed consumed by the animal includes natural fodder and forages along with nutrient supplements that augment the immunity system, fertility and overall health of the animals. The benefits of animal feed include increased livestock production and improved quality of animal-based products.
An increase in global meat consumption is one of the major drivers contributing to the growth of the global animal nutrition market. With this disruption, the demand and supply of animal feed also increase, especially in the poultry and ruminants’ sectors. Moreover, the growing adoption of protein and nutrition-rich diets has fueled the demand for these products. Besides, an increase in the number of animal farms and the rapid industrialization of livestock production further foster market growth.
However, low-quality counterfeit products, premium pricing of animal nutritional products, and environmental challenges impacting livestock production are key challenges impacting the overall growth of the market.
The Global Animal Nutrition Market report provides data tables and includes charts and graphs for visual analysis.
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Market Segmentation
Market by Product Type
- Vitamins
- Amino Acids
- Minerals
- Fish Oils and Nutrition Lipids
- Enzymes
- Carotenoids
- Eubiotics
- Other Product Types
Market by Species
- Pets
- Swine
- Poultry
- Ruminants
- Other Species
Market by Application
- Farms
- Animal Feed Manufacturers
- Households
- Veterinarians
- Other Applications
Report Highlights
– The report provides a detailed analysis of the current and future market trends to identify the investment opportunities – Market forecasts till 2028, using estimated market values as the base numbers – Key market trends across the business segments, regions, and countries – Key developments and strategies observed in the market – Market dynamics such as drivers, restraints, opportunities, and other trends – In-depth company profiles of key players and upcoming prominent players – Growth prospects among the emerging nations through 2028
Companies Profiled
- BASF
- NUTRIEN
- CHURCH & DWIGHT CO INC
- NOVOZYMES
- TATA CHEMICALS LTD
- SHV NV (NUTRECO)
- KEMIN INDUSTRIES
- EVONIK INDUSTRIES
- ALLTECH INC
- CARGILL INCORPORATED
- BALCHEM CORPORATION
- ROYAL DSM
- ELANCO ANIMAL HEALTH
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