The global animal nutrition market was valued at USD 26.54 billion in 2020 and is expected to witness substantial growth during the forecast timeframe.

Industry Snapshot:

• The growing demand for safe and nutritious animal food is one of the prime factors propelling the overall market growth.
• Mounting animal rearing practices are ramping up the expansion of the overall market as well.
• Increasing meat consumption among consumers is fueling worldwide animal health industry size.

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Segmental Overview:

Ingredient Type	Amino Acids
	Enzymes
	Vitamins
	Minerals
	Others
Species Types	Pet
	Aqua
	Swine
	Ruminants
	Poultry
Regional Scope	Asia Pacific
	Europe
	North America

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Predictions Corner:

• The amino acids segment of global animal nutrition market is projected to grow considerably over the analysis timeline, owing to its high protein efficiency content and ability to compensate for feed protein sources.
• The poultry segment is anticipated to hold the largest market share during the analysis period.
• Asia pacific market is anticipated to grow significantly over the review period on account of the growing population and rapid urbanization in emerging nations such as India, China, and Japan.

Explainer – All you need to know

Farmers are focusing on preventing disease and deficiencies in livestock to get high-quality and faster meat, thereby stimulating the overall industry outlook. Rapid improvements in animal husbandry practices and a significant increase in the population of domesticated animals are contributing towards animal nutrition products around the world.

The leading companies operating in the global animal nutrition market include ADM Company, Evonik Industries AG, Balchem Corporation, Elanco Animal Health Incorporated, Cargill Inc., Bunge Limited, Adisseo, DSM Company, CEVA Logistics, and Alltech.

Concluding lines:

Market researchers collect, present, and analyze data and marketing trends to accurately represent the various facets of a commercial landscape. MarketStudyReport has a report titled ‘Global Animal Nutrition Market (2021 Edition) - Analysis By Ingredient (Minerals, Vitamins, Enzymes, Amino Acids), Species, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’ which diligently examines the shifting market patterns, potential business prospects, and challenges found in this business vertical. The report also provides essential information required by businesses operating in this field and was produced after exhaustive analysis.