Animal Nutrition Chemicals Market by Product (Amino Acid, Vitamin, Mineral, Enzyme, Fish Oil & Lipid, Carotenoid, Eubiotics, and Others), Species (Poultry, Swine, Ruminant, Pet, and Others), Application (Animal Feed Manufacturer, Farm, Household, Veterinarian, and Others) - Global Opportunity Analysis and Industry Forecast, 2018-2024
Animal nutrition chemicals are supplements given to animals that corrects deficiencies in feed and dietary supplementation. In addition, animal nutrition chemicals improve animalâ€™s immunity, pregnancy outcome, fertility, newborn survival and growth, meat quality, and feed efficiency. The global animal nutrition chemicals market size was valued at $10,289 million in 2017, and is projected to reach $15,335 million by 2024, registering a CAGR of 5.9% during the forecast period.
Animal nutrition chemicals are provided for animalâ€™s health benefits and to avert numerous health problems such as skin disease, nutrition deficiency, and improper digestion. Rise in awareness among farmers about the animal meat quality and health drives the demand for animal nutrition chemicals in the market. However, animal health issues are on an increase due to lack of health checkups along with excessive and substandard product feeding. This also restricts the market growth. Also, increase in industrial development of meat production and demand for meat causes insanitary practices amongst the poultry farmers. Recently, the rise of swine flu and bird flu had a bad influence on the market for animal feed and animal nutrition chemicals. Similarly, mounting prices of raw material and feed nutrient chemicals limit the market animal nutrition chemicals market growth. Further, high demand for meat and industrialization of meat industry is anticipated to boost the consumption of animal nutrition chemicals.
The report segments the market based on product type, species, application, and region. Based on product, the animal nutrition chemicals market is segmented into amino acid, vitamin, mineral, enzyme, fish oil & lipid, carotenoid, eubiotics, and others (organic food and vacuum salts). By species, it is classified into poultry, swine, ruminant, pet, and others (aquaculture and euqines). In terms of application, it is divided into animal feed manufacturers, farms, households, veterinarian, and others (domestic animal feed and aquaculture). Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players operating in the global animal nutrition chemicals industry are Tata chemicals Ltd, S.p.A., Cargill, Inc., Evonik Industries AG, BASF SE, CHURCH & DWIGHT CO. INC, Novozymes, Koninklijke DSM NV, BalChem, Kemin Industries, and SHV N.V.
This report consists of detailed description of different types of animal nutrition chemicals along with the classification as per technology.
The report provides the quantitative analysis of the current market and estimations through 2017-2024 that assists in identifying the prevailing market opportunities.
Major countries in each region are mapped according to individual market revenue.
This study evaluates the competitive landscape as well as value chain to understand the competitive environment across the geographies.
Comprehensive analysis of factors that drive and restrict the growth of the animal nutrition chemicals market is provided.
Leading players are profiled and their key developments in recent years are listed in report.
KEY MARKET SEGMENTS
Fish Oil & Lipid
Others (Organic Food and Vacuum Salts)
Others (Aquaculture and Euqines)
Animal Feed Manufacturer
Others (Domestic Animal Feed and Aquaculture)
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
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