Animal nutrition focuses on the dietary needs of animals, primarily in food production and agriculture, but also in aquariums, zoos, and wildlife management. Animal nutrition is important for the productivity and health of farm animals. Various organizations and programs such as the National Animal Nutrition Program (NANP) serve as a vehicle for identifying high-priority animal nutrition problems. These organizations offer a systemic and integrated approach to gather, collate, share, synthesize, and publish science-based information and educational tools on animal nutrition that enhance high-priority research among agricultural species. Several governments are implementing systems that redefine the roles of industry and government in providing safe nutrition for animals. In 2004, the FAO/WHO Codex Alimentarius Commission approved a Code of Practice on Good Animal Feeding. The manual provides complete and updated information and practical guidelines to help producers and stakeholders to understand the production and distribution chain to comply with the regulatory framework.
Market dynamics
The growing demand for safe and healthy animal feed, restrictions on the use of antibiotics, and growing awareness among producers about animal health are major factors driving the growth of the animal nutrition market. The global demand for foods of animal origin, including eggs, fish, milk and meat, is also increasing to provide better nutrition for animals. According to the Food and Agriculture Organization of the United Nations, global demand for animal protein will double by 2050. Increased consumption of animal and livestock products makes a crucial contribution to the nutritional and economic well-being of millions of people in everyone. There has been increasing pressure on the livestock sector to meet the growing demand for high value animal protein. Urbanization is a major driver supporting demand for livestock products due to infrastructure improvements, including cold chains, that allow for trade in fresh produce. According to the Food and Agriculture Organization, compared to the rural population, the city population has a varied diet, rich in fats and animal proteins, and is characterized by a higher consumption of poultry, meat, milk and other products. dairy.
Animal feed plays a key role in the global food industry, as feed is the most important component in ensuring abundant, safe and affordable animal protein. Young and growing animals need nutrients to meet the requirements of specific growth stages. They require adequate nutrition for the growth and development of organs, muscles, and bones. The nutrient needs of animals also change with age. For example, older animals may have age-related health problems, requiring various nutritional needs, such as mineral and vitamin supplementation.
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The amino acid segment is expected to have a significant revenue share of the global animal nutrition market, due to its high protein efficiency content and substitute for feed protein sources. Eubiotics are gaining importance due to their important application to improve feed digestibility, nutrient absorption and better animal performance. Eubiotics are biologically active feed additives, containing live microorganisms and (or) their metabolites. Eubiotics are replacing antibiotics to improve cattle health and performance. Several international players are focusing on the production of different types of eubiotics, which can be used for various types of livestock. The increased consumption of poultry products and the growing preference for white meat over red meat are expected to fuel growth in the poultry segment. For example, according to the Global Farm Information Network in 2017, broiler production in India increased to 4.5 million tonnes due to increasing demand from the growing middle class. The growing awareness of the use of cost-effective and nutrient-dense compound feeds will increase the demand for poultry nutrition products in emerging countries. However, the high price of associated products is hindering the growth of the market.
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Regional Market Outlook
Regional segmentation of the animal nutrition market by Coherent Market Insights includes North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The North American animal nutrition market is expected to maintain a dominant position during the forecast period, due to the well-established animal nutrition infrastructure and large consumption of animal products. The Asia Pacific animal nutrition market is expected to show significant growth, driven by huge market opportunities in the animal feed industry, such as eubiotics, and rising concerns over the outbreak of diseases in livestock.
Competitive market analysis
Major players operating in the animal nutrition market include Archer-Daniels-Midland Company, Adisseo France SAS, Alltech, BASF SE, Cargill Inc., Dow Chemical Company, DuPont, Evonik Industries AG, Tata Chemicals, Novozymes A/S, Royal DSM NV , Kemin Industries, Inc. and Nutreco NV Companies are focusing on offering natural and healthy food products to meet growing consumer demand for them. For example, in 2017, Cargill Inc. entered into an agreement to acquire Diamond V, a provider of innovative natural solutions that improve animal health, performance and feed safety. Industry players are also expanding geographically to gain huge market share. In 2017, Cargill acquired Astral Foods’ stake in the premix and nutrition business to expand into Sub-Saharan Africa (SSA).
Market Taxonomy
Depending on the species, the market is segmented into:
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Poultry
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Ruminant
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Aquaculture
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Pig
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others
Depending on the type of product, the market is segmented into:
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pet food
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Amino acids
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carotenoids
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enzymes
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Eubiotics
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minerals
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lipids
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vitamins
Depending on the region, the market is segmented into:
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North America
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Latin America
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Europe
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Pacific Asia
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middle East
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Africa
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