Animal nutrition chemicals are crucial feed additives used in the formulation of pet foods and animal feeds. They are used to improve the nutritional profile of animal feed and make it more wholesome. Some of the common animal nutrition chemicals are amino acids, eubiotics, feed enzymes, carbohydrates, carotenoids, etc. Animal nutrition chemicals play various functional roles in the animal feed as they optimize nutritional balance and prevent nutritional deficiency in pets and animals.
MARKET DYNAMICS
The surge in livestock and domesticated animal population has been a major factor behind the growth of the animal nutrition chemicals industry. The growth of the animal nutrition chemical industry is significantly dependent on the health of the meat and dairy industries as a significant proportion of animal nutrition chemicals is consumed by these industries. Burgeoning consumption of meat and dairy products and the proliferation of livestock farms have led to increased demand for highly efficient animal nutrition chemicals that are able to promote rapid weight gain in these animals. Increased awareness about the benefits of animal nutrition among animal farm operators and rising rates of consultations with veterinaries and animal dieticians to improve feed conversion rates has augmented the consumption of animal nutrition chemicals.
MARKET SCOPE
The "Global Animal Nutrition Chemicals Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the animal nutrition chemicals market with detailed market segmentation by product, species, end use industry, and geography. The global animal nutrition chemicals market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading animal nutrition chemicals market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global animal nutrition chemicals market is segmented on the basis of product, species, and end use industry. On the basis of product, the animal nutrition chemicals market is segmented into amino acid, vitamin, mineral, enzymes, fish oil & lipid, carotenoid, eubiotics, and others. The animal nutrition chemicals market on the basis of species is classified into poultry, swine, ruminant, pet, and others. Based on end use industry, the global animal nutrition chemicals market is divided into pet food industry and animal feed industry.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global animal nutrition chemicals market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The animal nutrition chemicals market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the animal nutrition chemicals market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the animal nutrition chemicals market in these regions.
MARKET PLAYERS
The reports cover key developments in the animal nutrition chemicals market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the animal nutrition chemicals market are anticipated to lucrative growth opportunities in the future with the rising demand for animal nutrition chemicals in the global market. Below mentioned is the list of few companies engaged in the animal nutrition chemicals market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the animal nutrition chemicals market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.
- Aumgene Biosciences
- Balchem Corporation
- BASF SE
- Cargill, Inc.
- CHURCH & DWIGHT CO., INC.
- Dow Chemical Company
- Kemin Industries
- Koninklijke DSM N.V
- Novozymes A/S
- Tata chemicals Ltd
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