Global animal nutrition market size to accrue notable

Pune, India, November 22, 2021 (GLOBE NEWSWIRE) – According to MarketStudyReport, global animal feed market The volume was valued at approximately $26.54 billion in 2020 and is expected to register a robust compound annual growth rate (CAGR) over 2021-2026, driving significant revenue generation at the end of the forecast period.

Going further, the report separates various market segments including component type, group of types, along with an analysis of regional opportunities. It also forms detailed profiles of the key players to give a clear understanding of the competitive scenario in the industry.

Increased demand for safe and nutritious animal food, improved knowledge among producers regarding animal health, increased consumption of meat, and awareness of antibiotic restrictions are the main factors driving market growth.

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In addition, the demand for animal feed is rapidly increasing among animal farmers in order to have faster production of meat and animal products as well as to avoid diseases and deficiencies among their livestock. The expansion of animal husbandry practices, and the increase in pet numbers is contributing to the growth of the animal feed industry as well as the animal feed industry.

Market Segmentation Overview

Considering the type of species, the industry is divided into poultry, pigs, ruminants, aqua and pets. Based on the ingredients, the market is categorized into minerals, enzymes, vitamins, and amino/other acids.

It is estimated that the amino acids/others segment is poised to expand significantly over the estimated timeline as amino acids play an important role in farm animal productivity, from growth to production and reproduction, and can contribute significantly to farm profitability.

geographical view

Global Animal Nutrition Market Regional Analysis Covers North America, Asia Pacific, Europe, Latin America, Middle East and Africa.

Experts point out that the Asia Pacific market is likely to generate significant returns during the assessment period, due to the rising population coupled with rapid urbanization in the region’s emerging economies. Moreover, countries like India, China and Japan present lucrative opportunities for market growth.

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Summarizing the competitive range

The prominent players influencing the dynamics of the global animal nutrition industry are Alltech Inc. and Cargill Inc. and CEVA Animal Health (Pty) Ltd. and Elanco Animal Health Inc. and Koninklijke DSM NV, Balchem ​​Corporation, Adisseo, Evonik Industries AG, Bunge Limited, and Archer Daniels Midland.

Global Animal Nutrition Market of ingredients Genre (Revenue, Million USD, 2016-2026)

  • metal
  • vitamins
  • enzymes
  • amino acids / other

Global Animal Nutrition Market By species Genre (Revenue, Million USD, 2016-2026)

  • Poultry
  • ruminants
  • female pig
  • Aqua
  • a pet

Global Animal Nutrition Regional Market Topography (Revenue, Million USD, 2016-2026)

Asia Pacific

  • China
  • Japan
  • Australia
  • India
  • Rest of Asia and the Pacific

North Amarica

Europe

  • United kingdom
  • Germany
  • France
  • Italy
  • Rest of Europe

rest of the world

Global Animal Nutrition Market Competitive Dashboard (Revenue, Million USD, 2016-2026)

  • Alltech Inc.
  • Cargill Corporation
  • CEVA Animal Health (Pty) Ltd.
  • Elanco Animal Health Inc.
  • Royal DSM NV
  • Balsham Company
  • Adisseo
  • Evonik Industries AG
  • BANGYE LIMITED
  • Archer Daniels Midland Company

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Globalism Aquaculture and aquaculture feed additives market It is expected to show significant growth by 2027 due to the prevailing demand for seafood worldwide. Furthermore, an increased focus on reducing the environmental impact of the sector is set to support further market growth during the forecast period. The COVID-19 outbreak has disrupted the global supply chain and negatively impacted many industries, including the aquaculture industry, hampering market growth to some extent. However, with successful vaccination campaigns and an increased focus on economic recovery around the world, the market is gradually regaining its momentum before the spread of the Corona virus. From a regional perspective, the Latin American aquatic feed and aquaculture feed additives market is expected to witness steady growth by 2027, at a compound annual growth rate of over 3.3% during the analysis period. Chile is the largest producer of aquatic feed in Latin America due to its highly developed salmon industry in terms of technology and nutrition, which is set to drive expansion into the regional market in the coming years.

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