Animal Nutrition Market
PUBLISHED: 2024 ID: SMRC26656
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Animal Nutrition Market

Animal Nutrition Market Forecasts to 2030 - Global Analysis By Product Type (Amino Acids, Antioxidants, EU Biotics, Fiber, Enzymes, Medicated Feed Additives, Lipids, Fatty Acids, Vitamins, Minerals and Other Product Types), Type, Form, Function, Species, End User and By Geography

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Published: 2024 ID: SMRC26656

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Animal Nutrition Market is accounted for $26.2 billion in 2024 and is expected to reach $43.7 billion by 2030 growing at a CAGR of 8.9% during the forecast period. Animal nutrition is the study of how animals consume, digest, absorb, and utilize nutrients for growth, maintenance, reproduction, and overall health. It encompasses the understanding of dietary requirements, feed composition, and feeding practices tailored to different species and physiological stages. Essential nutrients for animals include carbohydrates, proteins, fats, vitamins, minerals, and water. The balance and quality of these nutrients in animal diets directly impact their performance, immune function, and well-being. Nutritional imbalances or deficiencies can lead to various health issues, decreased productivity, and increased susceptibility to diseases. 

According to secondary analysis, in 2019, the per capita consumption of meat in European countries was around 77.1 kg. Thus, the increasing consumption of meat will drive the growth of the animal nutrition market across the regions.

Market Dynamics: 

Driver: 

Consumers around the world are increasingly demanding high-quality animal protein

The increasing demand for high-quality animal protein from consumers around the world has a significant impact on the animal nutrition market. This demand drives the need for optimized animal nutrition strategies to enhance the quality and efficiency of meat, dairy, and egg production. As consumers become more health-conscious, there is a growing preference for products derived from animals raised on balanced and nutritious diets. This trend encourages the adoption of environmentally friendly feed ingredients and production methods, driving innovation in the animal nutrition market towards more sustainable solutions.

Restraint:

Price volatility of raw materials

Fluctuations in the costs of key ingredients such as grains and protein sources can disrupt supply chains and hinder planning for feed production. This uncertainty often leads to increased production costs for feed manufacturers, which may then be passed on to consumers. Moreover, price instability can impact the profitability of farmers and producers, potentially leading to reduced investments in animal nutrition and management practices. Quality control may also suffer as manufacturers may be forced to use lower quality or alternative ingredients to mitigate rising costs.

Opportunity:

Increased focus on animal welfare

Consumers are increasingly concerned about the well-being of animals raised for food production, leading to a shift in preferences towards products sourced from ethically treated animals. This trend drives the demand for nutritional solutions that not only optimize animal performance but also promote their health and welfare. Feed manufacturers are compelled to develop innovative products and formulations that align with ethical farming practices, such as providing enriched diets and minimizing stressors. Additionally, regulatory bodies are implementing stricter standards and certifications related to animal welfare, influencing feed formulation and production processes.

Threat:

Health hazards 

The inclusion of high fat content in many animal proteins can exacerbate various health issues like cardiovascular disease, hypertension, and insulin resistance when consumed excessively. Animal proteins accelerate the production of uric acid, further compounding health risks. Additionally, the production of animal proteins tends to be more expensive compared to plant proteins. Considerable amounts of water are also required in livestock farming, with a single beef cow requiring over 5,000 gallons of water. Moreover, ethical concerns surrounding the conditions in which animals are raised pose further obstacles to the expansion of the animal nutrition market. These challenges hinder the market's growth and adoption.

Covid-19 Impact

Initially, disruptions in supply chains and logistical challenges impeded the distribution of feed ingredients, affecting production and availability of animal feed. However, increased demand for meat and dairy products, coupled with shifts in consumer preferences towards home-cooked meals, bolstered the demand for animal feed. The pandemic also highlighted the importance of animal health and nutrition in ensuring food security, driving investment in research and development of innovative feed solutions. Additionally, the rise of remote work and online shopping accelerated the adoption of digital platforms for purchasing animal feed and nutritional products.

The antioxidants segment is expected to be the largest during the forecast period

The antioxidants segment is estimated to have a lucrative growth, as these compounds protect animal cells from oxidative stress caused by free radicals, which can lead to cell damage, weakened immune function, and reduced growth rates. By incorporating antioxidants into animal feed, producers can improve the overall well-being and performance of livestock and poultry. This leads to better feed conversion ratios, improved growth rates, and enhanced reproductive performance driving the markets growth.

The growth promoters segment is expected to have the highest CAGR during the forecast period

The growth promoters segment is anticipated to witness the highest CAGR growth during the forecast period, these substances, which include antibiotics, hormones, and natural compounds like probiotics and prebiotics, are added to animal feed to accelerate growth rates, improve feed conversion ratios, and increase overall productivity. The use of growth promoters helps farmers achieve faster growth and higher yields, which is crucial for meeting the rising global demand for animal protein. These results in more efficient production systems, reducing the time and resources needed to raise livestock to market weight.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to its large and diverse population, rising income levels, and shifting dietary preferences towards protein-rich foods, there is an increasing demand for high-quality animal products such as meat, dairy, and eggs. This demand fuels the need for advanced animal nutrition solutions to enhance livestock health, productivity, and efficiency.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, as the region is characterized by a well-established livestock industry, including beef, poultry, dairy, and swine production. Factors such as technological advancements, extensive research and development initiatives, and a growing focus on animal health and welfare contribute to the dynamism of the animal nutrition market in North America.

Key players in the market

Some of the key players in the Animal Nutrition Market include Adisseo, ADM, Alltech, Archer-Daniels-Midland Company, BASF, Biomin, Cargill Inc, CJ Group, DowDuPont, DSM, Evonik, Global Bio-Chem, Kemin Industries, Lonza, Meihua Group, Novozymes, Novus International, Nutreco and Sumitomo Chemical 

Key Developments:

In April 2024, ADM Animal Nutrition Expands Recall to Include 17 Additional Lots of Chicken, Swine and Rabbit Feed Products. Specific lots may contain elevated levels of magnesium, sodium, calcium and/or phosphorus; may harm chickens, swine, rabbits

In December 2023, Adisseo announces the appointment of dr hao zhigang as chief executive officer to succeed to jean-marc dublanc. This succession, well anticipated and prepared, ensures a smooth transition to maintain and strengthen Adisseo’s strategy and organization.

In December 2023, Adisseo is building a new powder methionine plant in china, consolidating its leadership in methionine industry. The total investment amount is expected to be around RMB 4.9 billion.

Product Types Covered:
• Amino Acids
• Antioxidants
• EU Biotics
• Fiber
• Enzymes
• Medicated Feed Additives
• Lipids
• Fatty Acids
• Vitamins
• Minerals
• Other Product Types
 
Types Covered:
• Premixes
• Additives
• Supplements
• Mixes
• Specialty Ingredients
• Other Types

Forms Covered:
• Liquid
• Dry
• Pellets
• Other Forms

Functions Covered:
• Health and Wellness
• Growth Promoters
• Digestive Health
• Performance Enhancers
• Nutritional Supplements
• Other Functions

Species Covered:
• Ruminant
• Poultry
• Aquaculture
• Swine

End Users Covered:
• Feed Manufacturers
• Veterinarians
• Pet Food Manufacturers
• Livestock Farmers
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary        
          
2 Preface         
 
2.1 Abstract        
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology      
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions      
          
3 Market Trend Analysis       
 3.1 Introduction       
 3.2 Drivers        
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats        
 3.6 Product Analysis       
 3.7 End User Analysis       
 3.8 Emerging Markets       
 3.9 Impact of Covid-19       
          
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry       
          
5 Global Animal Nutrition Market, By Product Type     
 5.1 Introduction       
 5.2 Amino Acids       
 5.3 Antioxidants       
 5.4 EU Biotics       
 5.5 Fiber        
 5.6 Enzymes        
 5.7 Medicated Feed Additives      
 5.8 Lipids        
 5.9 Fatty Acids       
 5.10 Vitamins        
 5.11 Minerals        
 5.12 Other Product Types      
6 Global Animal Nut          
rition Market, By Type      
 6.1 Introduction       
 6.2 Premixes        
 6.3 Additives        
 6.4 Supplements       
 6.5 Mixes        
 6.6 Specialty Ingredients      
 6.7 Other Types       
          
7 Global Animal Nutrition Market, By Form     
 7.1 Introduction       
 7.2 Liquid        
 7.3 Dry        
 7.4 Pellets        
 7.5 Other Forms       
          
8 Global Animal Nutrition Market, By Function     
 8.1 Introduction       
 8.2 Health and Wellness      
 8.3 Growth Promoters       
 8.4 Digestive Health       
 8.5 Performance Enhancers      
 8.6 Nutritional Supplements      
 8.7 Other Functions       
          
9 Global Animal Nutrition Market, By Species     
 9.1 Introduction       
 9.2 Ruminant       
 9.3 Poultry        
 9.4 Aquaculture       
 9.5 Swine        
          
10 Global Animal Nutrition Market, By End User     
 10.1 Introduction       
 10.2 Feed Manufacturers      
 10.3 Veterinarians       
 10.4 Pet Food Manufacturers      
 10.5 Livestock Farmers       
 10.6 Other End Users       
          
11 Global Animal Nutrition Market, By Geography     
 11.1 Introduction       
 11.2 North America       
  11.2.1 US       
  11.2.2 Canada       
  11.2.3 Mexico       
 11.3 Europe        
  11.3.1 Germany       
  11.3.2 UK       
  11.3.3 Italy       
  11.3.4 France       
  11.3.5 Spain       
  11.3.6 Rest of Europe      
 11.4 Asia Pacific       
  11.4.1 Japan       
  11.4.2 China       
  11.4.3 India       
  11.4.4 Australia       
  11.4.5 New Zealand      
  11.4.6 South Korea      
  11.4.7 Rest of Asia Pacific      
 11.5 South America       
  11.5.1 Argentina      
  11.5.2 Brazil       
  11.5.3 Chile       
  11.5.4 Rest of South America     
 11.6 Middle East & Africa      
  11.6.1 Saudi Arabia      
  11.6.2 UAE       
  11.6.3 Qatar       
  11.6.4 South Africa      
  11.6.5 Rest of Middle East & Africa     
          
12 Key Developments        
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 12.2 Acquisitions & Mergers      
 12.3 New Product Launch      
 12.4 Expansions       
 12.5 Other Key Strategies      
          
13 Company Profiling        
 13.1 Adisseo        
 13.2 ADM        
 13.3 Alltech        
 13.4 Archer-Daniels-Midland Company     
 13.5 BASF        
 13.6 Biomin        
 13.7 Cargill Inc       
 13.8 CJ Group        
 13.9 DowDuPont       
 13.10 DSM        
 13.11 Evonik        
 13.12 Global Bio-Chem       
 13.13 Kemin Industries       
 13.14 Lonza        
 13.15 Meihua Group       
 13.16 Novozymes       
 13.17 Novus International       
 13.18 Nutreco        
 13.19 Sumitomo Chemical      
          
List of Tables         
1 Global Animal Nutrition Market Outlook, By Region (2022-2030) ($MN)   
2 Global Animal Nutrition Market Outlook, By Product Type (2022-2030) ($MN)  
3 Global Animal Nutrition Market Outlook, By Amino Acids (2022-2030) ($MN)  
4 Global Animal Nutrition Market Outlook, By Antioxidants (2022-2030) ($MN)  
5 Global Animal Nutrition Market Outlook, By EU Biotics (2022-2030) ($MN)  
6 Global Animal Nutrition Market Outlook, By Fiber (2022-2030) ($MN)   
7 Global Animal Nutrition Market Outlook, By Enzymes (2022-2030) ($MN)   
8 Global Animal Nutrition Market Outlook, By Medicated Feed Additives (2022-2030) ($MN) 
9 Global Animal Nutrition Market Outlook, By Lipids (2022-2030) ($MN)   
10 Global Animal Nutrition Market Outlook, By Fatty Acids (2022-2030) ($MN)  
11 Global Animal Nutrition Market Outlook, By Vitamins (2022-2030) ($MN)   
12 Global Animal Nutrition Market Outlook, By Minerals (2022-2030) ($MN)   
13 Global Animal Nutrition Market Outlook, By Other Product Types (2022-2030) ($MN) 
14 Global Animal Nutrition Market Outlook, By Type (2022-2030) ($MN)   
15 Global Animal Nutrition Market Outlook, By Premixes (2022-2030) ($MN)  
16 Global Animal Nutrition Market Outlook, By Additives (2022-2030) ($MN)  
17 Global Animal Nutrition Market Outlook, By Supplements (2022-2030) ($MN)  
18 Global Animal Nutrition Market Outlook, By Mixes (2022-2030) ($MN)   
19 Global Animal Nutrition Market Outlook, By Specialty Ingredients (2022-2030) ($MN) 
20 Global Animal Nutrition Market Outlook, By Other Types (2022-2030) ($MN)  
21 Global Animal Nutrition Market Outlook, By Form (2022-2030) ($MN)   
22 Global Animal Nutrition Market Outlook, By Liquid (2022-2030) ($MN)   
23 Global Animal Nutrition Market Outlook, By Dry (2022-2030) ($MN)   
24 Global Animal Nutrition Market Outlook, By Pellets (2022-2030) ($MN)   
25 Global Animal Nutrition Market Outlook, By Other Forms (2022-2030) ($MN)  
26 Global Animal Nutrition Market Outlook, By Function (2022-2030) ($MN)   
27 Global Animal Nutrition Market Outlook, By Health and Wellness (2022-2030) ($MN) 
28 Global Animal Nutrition Market Outlook, By Growth Promoters (2022-2030) ($MN)  
29 Global Animal Nutrition Market Outlook, By Digestive Health (2022-2030) ($MN)  
30 Global Animal Nutrition Market Outlook, By Performance Enhancers (2022-2030) ($MN) 
31 Global Animal Nutrition Market Outlook, By Nutritional Supplements (2022-2030) ($MN) 
32 Global Animal Nutrition Market Outlook, By Other Functions (2022-2030) ($MN)  
33 Global Animal Nutrition Market Outlook, By Species (2022-2030) ($MN)   
34 Global Animal Nutrition Market Outlook, By Ruminant (2022-2030) ($MN)  
35 Global Animal Nutrition Market Outlook, By Poultry (2022-2030) ($MN)   
36 Global Animal Nutrition Market Outlook, By Aquaculture (2022-2030) ($MN)  
37 Global Animal Nutrition Market Outlook, By Swine (2022-2030) ($MN)   
38 Global Animal Nutrition Market Outlook, By End User (2022-2030) ($MN)   
39 Global Animal Nutrition Market Outlook, By Feed Manufacturers (2022-2030) ($MN) 
40 Global Animal Nutrition Market Outlook, By Veterinarians (2022-2030) ($MN)  
41 Global Animal Nutrition Market Outlook, By Pet Food Manufacturers (2022-2030) ($MN) 
42 Global Animal Nutrition Market Outlook, By Livestock Farmers (2022-2030) ($MN)  
43 Global Animal Nutrition Market Outlook, By Other End Users (2022-2030) ($MN)  
          
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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