Animal Nutrition Chemicals Market - Forecast(2024 - 2030)
Animal Nutrition Chemicals Market Overview
The Animal Nutrition Chemicals Market size is estimated to reach $16.3 billion by 2027. Furthermore, it is poised to grow at a CAGR of 6.4% over the forecast period of 2022-2027. The said market has been gaining exponential traction over the last decade or more, particularly owing to the growth of livestock-related feeds and the subsequent by-products. A direct correlation has been identified between the two said factors-> Food Intake Quality and the Meat Output/ Other Output from the Animal. Nutrition has been bifurcated into various aspects such as vitamins and minerals, essential amino acids, dietary fibers, and various others. Activities pertaining to the intake of such factors aid in the processes such as gluconeogenesis, which in turn helps the by-products used by humans and other animals alike. Processes pertaining to energy storage from complex polysaccharides are facilitated by chemicals and nutrition. The shortage of such essential chemicals and nutrition can cause issues such as Feline Urological Syndrome, particularly in cats which can contribute to making bladder stones. Factors such as an increase in the dependence of meat for animal nutrition in both domesticated and livestock populations and the heightening knowledge persistent for healthy dietary intake have been the key drivers for the Animal Nutrition Chemicals Industry for the projected period of 2022-2027.
Report Coverage
The report: “Animal
Nutrition Chemicals Market Forecast
(2022-2027)", by
Industry ARC covers an in-depth analysis of the following segments of the Animal
Nutrition Chemicals Market.
By Product Type- Amino Acids, Vitamins and Minerals,
Enzyme, Fish Oil & Lipid, Carotenoid, Eubiotics, and Others.
By Species- Poultry, Swine, Ruminants, Pet, and
Others.
By Application- Animal Food Manufacturers, Farms,
Households, Veterinarian, and Others.
By
Geography- North America (U.S., Canada, Mexico), Europe (Germany,
United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia
Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest
of Asia Pacific), South America (Brazil, Argentina, and Rest of South America),
and Rest of the World (the Middle East, and Africa).
Key Takeaways
- Geographically, North America held a dominant market share in the year 2021. It is owing to the predominant position of the region for producing cheap raw materials as compared to the other regions. Moreover, Asia-Pacific is expected to offer lucrative growth opportunities to the marketers owing to the growing economies of India and China which are now leveraging technologies to dominate in the chemical sector, which directly benefits the animal nutrition chemical market.
- Owing to the growth in livestock production amongst the major economies and the supplemented need to feed appropriate nutritional food has readily benefited the market. However, substandard products and qualities have translated into lower-than-expected yield in benefits have impeded the market growth.
- A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Animal Nutrition Chemicals Market Report.
Animal Nutrition Chemicals Market- Geography (%) for 2021.
For more details on this report - Request for Sample
Animal Nutrition Chemicals Market Segmentation Analysis- By Product Type
The Animal Nutrition Chemicals Market based on product type can be further segmented into Amino
Acids, Vitamins and Minerals, Enzyme, Fish Oil & Lipid, Carotenoid,
Eubiotics, and Others. Amino Acids held a dominant market share in the year
2021. Amino acids are the building blocks for protein synthesis, which in turn
helps in muscle and tissue development. Additionally, amino acids also help in
various biochemical and metabolic processes. Hence,
growth-production-reproduction is majorly facilitated by amino acids. Amino
Acids are classified into two categories- essential and non-essential amino
acids. The former needs to be provided externally, while the latter can be
synthesized within the body of the said animal.
Moreover, Amino Acids is
estimated to be the fastest-growing with a CAGR of 7.1% over the forecast period
of 2022-2027. A deficiency of amino acids can be seen in the lower production
of milk from cattle or bovine animals. As per the USDA, the US average milk per
cow has gone down by 1 pound. However, there has been an increase in the US Cow
numbers. The statistics demonstrate the need for amino acids in the feed.
Animal Nutrition Chemicals Market Segmentation Analysis- By Application
The animal nutrition
chemicals market based on the application can be further segmented into Animal
Food Manufacturers, Farms, Households, veterinarians, and Others. Animal
Food/Feed Manufacturers held a dominant market share in the year 2021. It is
owing to the exponential rise in the adoption of pets in major economies, which
have directly resulted in the heightened need for animal nutrition chemicals.
For example, owing to the pandemic, a group of researchers went ahead to find
the correlation between pet adoption and COVID-19 by using the “RSV” route,
RSV= Relative Search Volume. Interestingly, the dog adoption search peaked in
April 2020, while the cat adoption trend peaked in May-June 2020. Additionally,
one in every five households adopted a pet in 2020, which has directly aided
the application segment of animal food manufacturers.
Moreover, Animal Food/Feed
Manufacturers are estimated to be the fastest-growing, with a CAGR of 7.2% over
the forecast period of 2022-2027. It is owing to the rising needs of
sustainable food products demanded by the households and farms supplemented by
the growing livestock demand. Factors such as these would aid the market growth.
Animal Nutrition Chemicals Market Segmentation Analysis- By Geography
The animal nutrition market
based on geography can be further segmented into North America, Europe,
Asia-Pacific, South America, and the Rest of the World. North America held a
dominant market share of 35% as compared to the other regions in the year 2021. It is owing to the vast proportion of
leading R&D companies within the said domain that has been in the likes
such as the US and Canada. For example, Cargill has been a leading animal feed
and nutrition product manufacturer, which has been headquartered in the US.
According to the company statement, their work directly translates into healthy
living and food availability for more than 1 billion people and animals.
Additionally, they produce close to 18 million metric tons of feed every year.
However, Asia-Pacific is
expected to offer lucrative growth opportunities to marketers in the projected
period of 2022-2027. It is owing to the growing chemical companies within India
and China. Additionally, outsourced feed manufacturing directly lowers the overall
cost for companies, which has been a key differentiator for maximizing earning potential amidst supply chain metrics.
Animal Nutrition Chemicals Market Drivers
A rising focus on sustainable production methods has readily supplemented the appropriate nutritional chemicals market
Companies that are
manufacturing the end-products are now under tremendous pressure from both
government and other demand-related factors to follow sustainable production
methods and techniques. Sustainable production methods include the right usage
of chemicals and other nutrition, which makes the by-product appropriate for
the end-users such as pet owners or poultry owners. Researchers have correlated
the intake of nutritional chemicals or pre-form factors directly into healthy
products. Additionally, reforms are now being primarily noticed in the
livestock production methodologies. For example, in California, a law has been
subjugated, which places requirements on the manufacturers and the original
producer of the livestock to follow diligent livestock production practices.
One of the primary ingredients for making pet food is beef, which holds a value
equivalent to $1.2 billion. Protein is required for maintenance, growth,
lactation, and reproduction for bovine animals (cattle or later beef). It is a
component of muscles, the nervous system, and connective tissue, and hence,
feed manufacturers have readily adopted the chemical featurettes.
Increasing consumption of animal-based products has translated into extensive livestock requirements, which in turn has aided the Animal Nutrition Chemicals Market
Plant-based meat has been
dominant in the last year and a half and has mitigated the overall product
innovation in the space of animal-based products; however, the latter has been
gaining market space post-vaccination and opening of economies again. For
example, Beyond Meat- A predominant manufacturer of plant-based meat, observed
a decrement of 15.6% in its revenue, which has propelled them to substantially
reduce its profit targets and revenue estimates by up to 25%. The trend has
been reflected by other plant-based producers, who are now making animal-based
products soar again. Additionally, USDA has projected that demand for
beef-pork-poultry would increase by more than 17% by 2030. Owing to such
trends, the market has been positioned equivocally.
Animal Nutrition Chemicals Market Challenges
Soaring feed costs have slimmed the margins for food producers, which has impeded market growth
Pandemic has directly
impacted the cost of feed, which has made the profit margins slim and the
overall output sub-standard. Companies have been extremely rigorous in terms of
inspection of raw materials, and hence, a haywire quality can directly impact
in termination of the license of the raw-material contributor. As per a report
from Co Bank, there has been a 12% increase in feed costs, and it has been the
highest jump since 2011. The following has slimmed down the profit margins,
which have forced producers to follow sub-standard practices, but by following
such practices, their by-product was readily negated by manufacturers. Owing to
such factors, the market’s growth has and will be impeded.
Animal Nutrition Chemicals Industry Outlook
Product launches, mergers and acquisitions, joint ventures,
and geographical expansions are key strategies adopted by players in this market. Animal
Nutrition Chemicals top 10 companies include:
- Tata Chemicals Ltd,
- S.p.A.,
- Evonik Industries AG,
- Cargill, Inc.,
- Church & Dwight Co. Inc.,
- BASF SE,
- Koninklijke DSM NV,
- Novozymes,
- Kemin Industries,
- BalChem,
Recent Developments
- In October 2021, BASF and Cargill are expanding their partnership in the animal nutrition business, adding research and development capabilities and new markets to the partners’ existing feed enzymes distribution agreements. The companies have come together to propose market solutions that will help them in achieving zero nutrient waste and address customers regardless. Enzymes help animals increase nutrient utilization from feed ingredients. This improves the growth of the animals and reduces nutrient excretion into the environment.
- In October 2021, Cargill launched the feed for poultry which contains essential oils which help in laying healthy flocks and also helped in maximizing egg production. The products are- Improved Nutrena, NatureWise which boost the overall wellness, happiness, and productivity of backyard chickens. The product has been kept under the light of the demands of poultry owners or soon to become poultry owners. The product would enhance the egg weight size and production by also working on enhancing palatability.
- In September 2021, Cargill announced a partnership with Dutch Animal Feed Maker on a new animal nutrition production facility within the region of the Netherlands. The move comes as Cargill’s land lease for its production facility in Rotterdam, the Netherlands, will expire. The intended strategic partnership brings together Fuite Group’s world-class animal nutrition manufacturing capabilities with Cargill’s deep global expertise in animal nutrition
Relevant Titles
Animal
Feed Testing Market- Forecast (2022-2027)
Report Code- AGR 0003
Animal
Feed Additive Market- Forecast (2022-2027)
Report Code- AGR 0014
For more Food and Beverage Market related reports, please click here
LIST OF TABLES
1.Global Animal Nutrition Chemical Market, By Product Type Market 2023-2030 ($M)1.1 Amino Acid Market 2023-2030 ($M) - Global Industry Research
1.2 Vitamin Market 2023-2030 ($M) - Global Industry Research
1.3 Mineral Market 2023-2030 ($M) - Global Industry Research
1.4 Enzyme Market 2023-2030 ($M) - Global Industry Research
1.5 Fish Oil And Lipid Market 2023-2030 ($M) - Global Industry Research
1.6 Carotenoid Market 2023-2030 ($M) - Global Industry Research
1.7 Eubiotics Market 2023-2030 ($M) - Global Industry Research
2.Global Animal Nutrition Chemical Market, By Specie Market 2023-2030 ($M)
2.1 Poultry Market 2023-2030 ($M) - Global Industry Research
2.2 Swine Market 2023-2030 ($M) - Global Industry Research
2.3 Ruminant Market 2023-2030 ($M) - Global Industry Research
2.4 Pet Market 2023-2030 ($M) - Global Industry Research
3.Global Animal Nutrition Chemical Market, By Product Type Market 2023-2030 (Volume/Units)
3.1 Amino Acid Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Vitamin Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Mineral Market 2023-2030 (Volume/Units) - Global Industry Research
3.4 Enzyme Market 2023-2030 (Volume/Units) - Global Industry Research
3.5 Fish Oil And Lipid Market 2023-2030 (Volume/Units) - Global Industry Research
3.6 Carotenoid Market 2023-2030 (Volume/Units) - Global Industry Research
3.7 Eubiotics Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Animal Nutrition Chemical Market, By Specie Market 2023-2030 (Volume/Units)
4.1 Poultry Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Swine Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Ruminant Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Pet Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Animal Nutrition Chemical Market, By Product Type Market 2023-2030 ($M)
5.1 Amino Acid Market 2023-2030 ($M) - Regional Industry Research
5.2 Vitamin Market 2023-2030 ($M) - Regional Industry Research
5.3 Mineral Market 2023-2030 ($M) - Regional Industry Research
5.4 Enzyme Market 2023-2030 ($M) - Regional Industry Research
5.5 Fish Oil And Lipid Market 2023-2030 ($M) - Regional Industry Research
5.6 Carotenoid Market 2023-2030 ($M) - Regional Industry Research
5.7 Eubiotics Market 2023-2030 ($M) - Regional Industry Research
6.North America Animal Nutrition Chemical Market, By Specie Market 2023-2030 ($M)
6.1 Poultry Market 2023-2030 ($M) - Regional Industry Research
6.2 Swine Market 2023-2030 ($M) - Regional Industry Research
6.3 Ruminant Market 2023-2030 ($M) - Regional Industry Research
6.4 Pet Market 2023-2030 ($M) - Regional Industry Research
7.South America Animal Nutrition Chemical Market, By Product Type Market 2023-2030 ($M)
7.1 Amino Acid Market 2023-2030 ($M) - Regional Industry Research
7.2 Vitamin Market 2023-2030 ($M) - Regional Industry Research
7.3 Mineral Market 2023-2030 ($M) - Regional Industry Research
7.4 Enzyme Market 2023-2030 ($M) - Regional Industry Research
7.5 Fish Oil And Lipid Market 2023-2030 ($M) - Regional Industry Research
7.6 Carotenoid Market 2023-2030 ($M) - Regional Industry Research
7.7 Eubiotics Market 2023-2030 ($M) - Regional Industry Research
8.South America Animal Nutrition Chemical Market, By Specie Market 2023-2030 ($M)
8.1 Poultry Market 2023-2030 ($M) - Regional Industry Research
8.2 Swine Market 2023-2030 ($M) - Regional Industry Research
8.3 Ruminant Market 2023-2030 ($M) - Regional Industry Research
8.4 Pet Market 2023-2030 ($M) - Regional Industry Research
9.Europe Animal Nutrition Chemical Market, By Product Type Market 2023-2030 ($M)
9.1 Amino Acid Market 2023-2030 ($M) - Regional Industry Research
9.2 Vitamin Market 2023-2030 ($M) - Regional Industry Research
9.3 Mineral Market 2023-2030 ($M) - Regional Industry Research
9.4 Enzyme Market 2023-2030 ($M) - Regional Industry Research
9.5 Fish Oil And Lipid Market 2023-2030 ($M) - Regional Industry Research
9.6 Carotenoid Market 2023-2030 ($M) - Regional Industry Research
9.7 Eubiotics Market 2023-2030 ($M) - Regional Industry Research
10.Europe Animal Nutrition Chemical Market, By Specie Market 2023-2030 ($M)
10.1 Poultry Market 2023-2030 ($M) - Regional Industry Research
10.2 Swine Market 2023-2030 ($M) - Regional Industry Research
10.3 Ruminant Market 2023-2030 ($M) - Regional Industry Research
10.4 Pet Market 2023-2030 ($M) - Regional Industry Research
11.APAC Animal Nutrition Chemical Market, By Product Type Market 2023-2030 ($M)
11.1 Amino Acid Market 2023-2030 ($M) - Regional Industry Research
11.2 Vitamin Market 2023-2030 ($M) - Regional Industry Research
11.3 Mineral Market 2023-2030 ($M) - Regional Industry Research
11.4 Enzyme Market 2023-2030 ($M) - Regional Industry Research
11.5 Fish Oil And Lipid Market 2023-2030 ($M) - Regional Industry Research
11.6 Carotenoid Market 2023-2030 ($M) - Regional Industry Research
11.7 Eubiotics Market 2023-2030 ($M) - Regional Industry Research
12.APAC Animal Nutrition Chemical Market, By Specie Market 2023-2030 ($M)
12.1 Poultry Market 2023-2030 ($M) - Regional Industry Research
12.2 Swine Market 2023-2030 ($M) - Regional Industry Research
12.3 Ruminant Market 2023-2030 ($M) - Regional Industry Research
12.4 Pet Market 2023-2030 ($M) - Regional Industry Research
13.MENA Animal Nutrition Chemical Market, By Product Type Market 2023-2030 ($M)
13.1 Amino Acid Market 2023-2030 ($M) - Regional Industry Research
13.2 Vitamin Market 2023-2030 ($M) - Regional Industry Research
13.3 Mineral Market 2023-2030 ($M) - Regional Industry Research
13.4 Enzyme Market 2023-2030 ($M) - Regional Industry Research
13.5 Fish Oil And Lipid Market 2023-2030 ($M) - Regional Industry Research
13.6 Carotenoid Market 2023-2030 ($M) - Regional Industry Research
13.7 Eubiotics Market 2023-2030 ($M) - Regional Industry Research
14.MENA Animal Nutrition Chemical Market, By Specie Market 2023-2030 ($M)
14.1 Poultry Market 2023-2030 ($M) - Regional Industry Research
14.2 Swine Market 2023-2030 ($M) - Regional Industry Research
14.3 Ruminant Market 2023-2030 ($M) - Regional Industry Research
14.4 Pet Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Animal Nutrition Chemicals Market Revenue, 2023-2030 ($M)2.Canada Animal Nutrition Chemicals Market Revenue, 2023-2030 ($M)
3.Mexico Animal Nutrition Chemicals Market Revenue, 2023-2030 ($M)
4.Brazil Animal Nutrition Chemicals Market Revenue, 2023-2030 ($M)
5.Argentina Animal Nutrition Chemicals Market Revenue, 2023-2030 ($M)
6.Peru Animal Nutrition Chemicals Market Revenue, 2023-2030 ($M)
7.Colombia Animal Nutrition Chemicals Market Revenue, 2023-2030 ($M)
8.Chile Animal Nutrition Chemicals Market Revenue, 2023-2030 ($M)
9.Rest of South America Animal Nutrition Chemicals Market Revenue, 2023-2030 ($M)
10.UK Animal Nutrition Chemicals Market Revenue, 2023-2030 ($M)
11.Germany Animal Nutrition Chemicals Market Revenue, 2023-2030 ($M)
12.France Animal Nutrition Chemicals Market Revenue, 2023-2030 ($M)
13.Italy Animal Nutrition Chemicals Market Revenue, 2023-2030 ($M)
14.Spain Animal Nutrition Chemicals Market Revenue, 2023-2030 ($M)
15.Rest of Europe Animal Nutrition Chemicals Market Revenue, 2023-2030 ($M)
16.China Animal Nutrition Chemicals Market Revenue, 2023-2030 ($M)
17.India Animal Nutrition Chemicals Market Revenue, 2023-2030 ($M)
18.Japan Animal Nutrition Chemicals Market Revenue, 2023-2030 ($M)
19.South Korea Animal Nutrition Chemicals Market Revenue, 2023-2030 ($M)
20.South Africa Animal Nutrition Chemicals Market Revenue, 2023-2030 ($M)
21.North America Animal Nutrition Chemicals By Application
22.South America Animal Nutrition Chemicals By Application
23.Europe Animal Nutrition Chemicals By Application
24.APAC Animal Nutrition Chemicals By Application
25.MENA Animal Nutrition Chemicals By Application
26.Tata Chemical Ltd. S.P.A, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Cargill Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Evonik Industry Ag, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Basf Se, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Church Dwight Co , Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Novozymes, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Koninklijke Dsm Nv, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Bal Chem, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Kemin Industry, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Shv N.V, Sales /Revenue, 2015-2018 ($Mn/$Bn)