The global animal feed nutrition market size is expected to reach US$ 641.3 Mn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 4.3% CAGR between 2020 and 2030. According to the report, expansion of livestock feed industry and rising per capita meat consumption will stoke growth. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
Growth opportunities in the market for animal feed nutrition look positive on account of the expansion of the livestock feed industry. In addition to this, the consistently rising demand in developing countries and uptick in aquaculture as a result of rising per-capita meat consumption is driving the animal feed nutrition market.
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Key Research Findings of FMI’s Nutritional Ingredients in Animal Feeds Market Study
- Soybean meal in animal feeds will continue to account for a majority of the market revenue.
- Key players are expected to invest in the development of new microbial strains to bolster immune function in animals and attain an edge on the competition.
- North America continues to lead the global market, owing to a major livestock industry.
- Europe and Latin America will display steady growth with rising demand for animal products.
Key Growth Drivers – Nutritional Ingredients in Animal Feeds Market
- Expansion of the livestock feed industry and aquaculture in developing countries is driving the growth of nutritional ingredients in the animal feeds market.
- Rising per capita meat consumption figures is a key factor shaping popularity of nutritional ingredients in animal feeds market.
- Restrictions on the use of antibiotics and growing awareness about animal health among pet owners broadens their scope of adoption.
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Key Impediments – Nutritional ingredients in animal feeds Market
- High costs related to the production and sale of animal feeds in different countries continues to be a major restraint for the growth of the nutritional ingredients in animal feeds market.
- Lack of awareness among a large number of potential end users will remain a key impediment facing manufacturers of nutritional ingredients in animal feeds.
Key Highlights
Animal Feed Nutrition Market – Key Research Findings
- The market will exhibit a CAGR of 4.3% between 2020 and 2030
- Households or pets segment is one of the major application areas of animal nutrition owing to the rapidly increasing number of pets and domesticated animals
- The Asia Pacific animal feed nutrition market is expected to hold the largest share and is anticipated to grow at a higher CAGR
- Investments in research and development (R&D) to enhance food fortification processes are forecast to create new growth opportunities in the forthcoming years
- With increasing exports of animal products from China and India, the pressure for achieving greater animal productivity is driving the need for animal feed nutrition market
Who is Winning?
Some of the leading players operating in the animal feed nutrition market are BASF SE, Ingredion Inc., Barentz, Altech Corp. and others.
Market Segmentation
By Ingredients
- Corn
- Wheat
- Soybean meal
- Oats
By Type
- Vitamins
- Minerals
- Amino Acids
- Enzymes
- Acidifiers
- Antibiotics
- Antioxidants
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Table Of Content
1. Global Animal Feed Nutrition Market – Executive Summary
2. Market Overview
3. Key Market Trends
4. Key Success Factors
5. Market Background
6. Global Animal Feed Nutrition Market Demand Analysis 2015-2019 and Forecast, 2020-2030
7. Global Animal Feed Nutrition Market Pricing Analysis
8. Global Animal Feed Nutrition Market Demand (in Value or Size in US$ Mn) Analysis 2015-2019 and Forecast, 2020-2030
9. Global Animal Feed Nutrition Market Analysis 2015-2019 and Forecast 2020-2030, by Type
10. Global Animal Feed Nutrition Market Analysis 2015-2019 and Forecast 2020-2030, by Ingredients
11. Global Animal Feed Nutrition Market Analysis 2015-2019 and Forecast 2020-2030, by Region
12. North America Animal Feed Nutrition Market Analysis 2015-2019 and Forecast 2020-2030