Animal nutrition chemicals are supplements given to animals that corrects deficiencies in feed and dietary supplementation. In addition, animal nutrition chemicals improve animal’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 animal’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.
KEY BENEFITS
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
By Product
Amino Acid
Vitamin
Mineral
Enzyme
Fish Oil & Lipid
Carotenoid
Eubiotics
Others (Organic Food and Vacuum Salts)
By Species
Poultry
Swine
Ruminant
Pet
Others (Aquaculture and Euqines)
By Application
Animal Feed Manufacturer
Farm
Household
Veterinarian
Others (Domestic Animal Feed and Aquaculture)
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Australia
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
UAE
Saudi Arabia
South Africa
Rest of LAMEA
Animal nutrition chemicals are provided for animal’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.
KEY BENEFITS
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
By Product
Amino Acid
Vitamin
Mineral
Enzyme
Fish Oil & Lipid
Carotenoid
Eubiotics
Others (Organic Food and Vacuum Salts)
By Species
Poultry
Swine
Ruminant
Pet
Others (Aquaculture and Euqines)
By Application
Animal Feed Manufacturer
Farm
Household
Veterinarian
Others (Domestic Animal Feed and Aquaculture)
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Australia
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
UAE
Saudi Arabia
South Africa
Rest of LAMEA
Frequently Asked Questions about the Global Animal Nutrition Chemicals Market
What is the estimated value of the Global Animal Nutrition Chemicals Market?
What is the growth rate of the Global Animal Nutrition Chemicals Market?
What is the forecasted size of the Global Animal Nutrition Chemicals Market?
Note: Product cover images may vary from those shown
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ANIMAL NUTRITION CHEMICALS MARKET, BY PRODUCT TYPE
CHAPTER 5: ANIMAL NUTRITION CHEMICALS MARKET, BY SPECIES
CHAPTER 6: ANIMAL NUTRITION CHEMICALS MARKET, BY APPLICATION
CHAPTER 7: ANIMAL NUTRITION CHEMICALS MARKET BY REGION
CHAPTER 8: COMPANY PROFILES
Note: Product cover images may vary from those shown
According to a new report, titled, Animal Nutrition Chemicals Market by Product, Species and Applications: Global Opportunity Analysis and Industry Forecast, 2018-2024 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% from 2018 to 2024. In 2017, the amino acid segment accounted for one-fourth share of the global market in terms of value.
Animal nutrition chemicals are dietary supplements that help boost the animal's health. These products are mainly used to improve the immune system of the animal. It also helps in livestock production, pet healthcare, and animal nutrition. The products manufactured by the animal nutrition chemicals market are carotenoids, organic acids, enzymes, vacuum salts, and vitamins. Growth in consumption and industrialization of animal-based products support the growth of the animal nutrition chemicals industry.
In addition, factors such as rapid industrialization of livestock farming, increase in health problems among animals, and rise in pet health care centers and veteriries fuel the growth of the animal nutrition chemicals market. However, high cost of these products, availability of substandard products and cheap altertives adversely affect the market growth. Furthermore, faster growth of animal meat and higher demand for meat across the world is anticipated to provide high return on investment. This factor leads to the increase in number of animal farmers and modern animal husbandries, which is anticipated to provide future market growth opportunity.
Key Findings of the Animal Nutrition Chemicals Market:
By product type, the amino acid segment was the highest contributor to the market in 2017, and is projected to grow at a CAGR of 5.2%.
By species, the poultry segment was the highest contributor to the market and is expected to grow at the CAGR of 5.7% from 2018 to 2024.
The pet and poultry segments are expected to witness growth at a CAGR of 7.8% and 5.7% respectively, during the forecast period.
By application, the animal food manufacturers segment was the highest contributor to the market and is expected to grow at the CAGR of 6% during the forecast period.
By region, Asia-Pacific accounted for more than one-third of the share in the global animal nutrition chemicals market in 2017 and is projected to grow at a significant CAGR of 6.5%.
In 2017, Chi accounted for the highest market share accounting approximately for 51.7% in Asia-Pacific.
In application segment, the households sub-segment is expected to witness growth at a CAGR of 7.4%
In terms of value, Asia-Pacific and LAMEA collectively contributed more than 55% share in the global market in 2017. Some of the major players operating in the global animal nutrition chemicals market 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.
Animal nutrition chemicals are dietary supplements that help boost the animal's health. These products are mainly used to improve the immune system of the animal. It also helps in livestock production, pet healthcare, and animal nutrition. The products manufactured by the animal nutrition chemicals market are carotenoids, organic acids, enzymes, vacuum salts, and vitamins. Growth in consumption and industrialization of animal-based products support the growth of the animal nutrition chemicals industry.
In addition, factors such as rapid industrialization of livestock farming, increase in health problems among animals, and rise in pet health care centers and veteriries fuel the growth of the animal nutrition chemicals market. However, high cost of these products, availability of substandard products and cheap altertives adversely affect the market growth. Furthermore, faster growth of animal meat and higher demand for meat across the world is anticipated to provide high return on investment. This factor leads to the increase in number of animal farmers and modern animal husbandries, which is anticipated to provide future market growth opportunity.
Key Findings of the Animal Nutrition Chemicals Market:
By product type, the amino acid segment was the highest contributor to the market in 2017, and is projected to grow at a CAGR of 5.2%.
By species, the poultry segment was the highest contributor to the market and is expected to grow at the CAGR of 5.7% from 2018 to 2024.
The pet and poultry segments are expected to witness growth at a CAGR of 7.8% and 5.7% respectively, during the forecast period.
By application, the animal food manufacturers segment was the highest contributor to the market and is expected to grow at the CAGR of 6% during the forecast period.
By region, Asia-Pacific accounted for more than one-third of the share in the global animal nutrition chemicals market in 2017 and is projected to grow at a significant CAGR of 6.5%.
In 2017, Chi accounted for the highest market share accounting approximately for 51.7% in Asia-Pacific.
In application segment, the households sub-segment is expected to witness growth at a CAGR of 7.4%
In terms of value, Asia-Pacific and LAMEA collectively contributed more than 55% share in the global market in 2017. Some of the major players operating in the global animal nutrition chemicals market 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.
Note: Product cover images may vary from those shown
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
