According to the market research report “Animal Nutrition Market- By Nutrient (Amino Acids, Minerals, Vitamins, Eubiotics, Enzymes and Others); By Livestock (Ruminant, Poultry, Aquaculture, Swine, Equine, Pets); By Administration Method (Oral, Topical and Injection)- Forecast (2015 – 2020)”, published by IndustryARC, global animal nutrition market is estimated to reach $18,883.3 million by 2020.
Browse 59 Market Tables, 45 Figures spread through 143 Pages and an in-depth TOC on “Global Animal Nutrition Market (2015 – 2020)”
Growing population has led to increasing demand for food resulting in the need of raising animals of high genetic merit in varied conditions. Farmers expect safe, healthy and sustainable feed for their livestock. The animal nutrition market is segmented into livestock, nutrient type, administration method and geography. By livestock, the market is divided into ruminant, poultry, aquaculture, swine, equine, pets and others. By nutrient type, the report is segmented into amino acids, minerals, vitamins, lipids, eubiotics, enzymes and carotenoids. By administration method, the report is segmented into oral, injection and topical method. Global animal nutrition market is estimated to grow at a rate of 5.4% CAGR to reach $18,883.3m by 2020.
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Rapidly rising mass production of meat and meat products is an indicator of growing trend for landless meat production. Usage of high/more productive genetics has led to quality production of meat industrially. The meat producers are shifting form traditional meat production methods to industrialized meat production. In the developed economies such as North America and Europe the meat processing and production companies are collaborating to increase production of meat with less number of land facilities. In developed economies such as the U.S. government and other financial institutions are supporting growth of such models. Concentrated Animal Feed Operations (CAFO) is one of the popular models for landless meat production.
The change from traditional to industrialized meat production warrants a stringent regulatory framework to safeguard the consumers and also to control the use of unhealthy animal feed to enhance meat production. Meat production on big scale may lead soil and water contamination as approximately 70% to 90% of nitrogen and phosphorous consumed by livestock turns into toxin in the form of animal waste. Use of animal nutrition products is a perfect solution as it reduces phosphate and ammonia content in animal waste. It also increases water retention in livestock that enhances meat quality. Increase in industrial production of meat, especially in emerging economies such as India and China drive demand for animal nutrition products. Asia Pacific animal nutritional market accounted for around 29% in 2014 globally and is estimated to grow at a CAGR of 6.8% during 2015-2020
The Major Players in this Market Include
- Cargill Inc.
- BASF SE
- Archer-Daniels-Midland Company
- E.I. Du Pont Nemours & Co.
- Evonik Industries AG
Animal Nutrition market is consolidated with the presence of key global players. High quality, tailor made products, and ease of administration are the major factors companies are considering to offer in the animal nutrition products. Frequent product launches, acquisitions and expansion are few of the growth strategies the key players in the industry are striving to increase their market share.
Various end-use applications included in the report are:
- Feed Manufacturers
- Premix Manufacturers
- Animal Nutrition product Manufacturers
- Compound Feed Manufacturers
- Academic Institutions
- Animal Feed Safety Regulatory Authorities
- Distributors and Suppliers of Feed and Animal Nutrition products
- Government Regulatory Institutions
- Meat Producers, Premixers, Integrated Feed Producers
The overall market is also presented from the perspective of different geographic regions and the key countries for this industry.
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