The global Nutritional Ingredients In Animal Feed Market is expected to reach a market valuation of USD 93.2 Billion by the year 2022, accelerating with a CAGR of 7.1% by 2022 to 2032.
| Attribute | Details |
|---|---|
| Nutritional Ingredients in Animal Feed Market Size (2022E) | USD 93.2 Billion |
| Nutritional Ingredients in Animal Feed Market Projected Size (2032F) | USD 184.3 Billion |
| Value CAGR (2022 to 2032) | 7.1% |
| Top 3 Countries Market Share | 37.6% |
Over the forecast period, the global market for nutritious ingredients in animal feed is expected to increase significantly. Animal feed must contain nutritional elements to suit the dietary needs of the animals. Animal nutritional requirements are studied, and substances that must be added to animal feed in order to monitor and control the diet of animals are developed.
The demand for more animal productivity drives the nutritional components industry in animal feed. Animals are a source of food and an important part of the food chain, thus their diet must be balanced to ensure their health and survival. The worldwide food industry is predicted to be a major driver of the market's expansion.
However, due to a lack of information and the high expense of the feed, farmers may be forced to utilize less expensive alternatives. This could be a big stumbling block to the market's expansion. With the support of research and development, product variations might supply the market with enormous potential opportunities.
| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 7.0% |
| H1,2022 Projected (P) | 7.1% |
| H1,2022 Outlook (O) | 7.8% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (+) 71 ↑ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 78.1 ↑ |
In the first half of 2021, the global market for Nutritional Ingredients in Animal Feed Market grew by 7.0 percent. Though not equally distributed throughout all regions, this growth is stronger in developing markets, where it reached 7.1%. Thus, during H1 2022, there will be a 78.1 BPS point difference between predicted and projected growth.
The increasing demand for meat and dairy products, the increasing population of livestock, and the rising awareness about the benefits of animal feed are some of the major factors driving the growth of the global animal feed market.
The animal feed market is segmented on the basis of type into ruminant feed, poultry feed, aquaculture feed, and pet food. The ruminant feed segment is expected to grow at a higher CAGR during the forecast period owing to the increasing demand for meat and milk products.
There have been several recent developments in the field of animal feed. In particular, there has been a rise in the use of insects as a protein source for livestock. This is due to their high nutritional value and the fact that they are a sustainable source of food. Insects can be raised on organic waste, so they do not compete with other food sources. In addition, they can be processed into feed pellets that are nutritionally balanced and easy to digest.
Another recent development in animal feed is the increased use of algae as a source of protein and omega-3 fatty acids. Algae can be grown on wastewater or agricultural byproducts, so it is a sustainable source of nutrients. Algae also contains important antioxidants that can boost the immune system of livestock. Finally, there has been a rise in the use of probiotics in animal feed.
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Nutritional ingredients in animal feed sales grew at a CAGR of 6.7% between 2017 and 2022. The period marked the entry of various market players and product innovations.
COVID-19's epidemic has posed major medical, social, and economic concerns. Whereas the medical community is focused on producing effective diagnostic and medical treatments, the feed sector is focused on generating healthy products for animals that use the nutritional ingredients to battle diseases by giving immunological support.
Protein is essential for animals to sustain crucial body processes such as weight gain, growth performance, and overall health. Plant and animal-derived proteins are divided into two categories. The animal-derived protein obtained from rendered animals serves to improve meal palatability while also lowering animal production costs. By boosting immunity, protein-based feed additives can help protect young animals and a variety of fish from a variety of diseases.
Furthermore, Increased meat and meat product consumption, primarily in China, India, Malaysia, and Thailand, is expected to accelerate the growth of the nutritional ingredient in animal feed market.
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By the end of 2032, USA is predicted to account for 24% of the total revenue value shares of the North America Nutritional Ingredients in Animal Feed market. As demand for livestock-based products such as dairy and dairy-based products, meat, and eggs develops, the use of nutritious ingredients in animal feed for the growth and development of farm animals is expected to increase.
Nutritional additives' increased importance in the animal feed industry has had an impact on feed firms in the United Kingdom. The nutritional ingredient in the animal feed market is focusing on boosting feed efficiency by improving feed conversion rates for all main livestock and farmed fish species. By adopting a uniform environmental footprint method based on life cycle analysis that incorporates the entire supply chain, the feed and livestock sectors can achieve long-term profitability.
Due to a vast animal base, China is likely to be the largest market in the Asia Pacific by during the forecast years. The drive to increase animal productivity is boosting the demand for nutritional ingredients in the animal feed sector, thanks to rising exports of animal products from China and India.
Soyabean are a good source of vital amino acids and can be used in any forage-based diet. They can provide high quality protein, degradable, undegradable, and soluble protein, energy, fat, and fibre depending on how they've been processed.
Amino acids are essential components of human and animal nutrition, both as part of a protein-rich diet and as standalone supplements. Amino acids are significant in medical nutrition for animal, especially in parenteral nutrition, where strict purity standards for infusion grade products are required. Amino acids are also becoming more widely available in dietary supplements, originally for athletes but increasingly for the general public.
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Some of the leading players operating in the global nutritional ingredients in animal feed market include ADM, Mosaic Company, Ridley, J.R. Simplot Company, Cargill, Grain Millers, AB Vista, BASF, DSM, Darling Ingredients, Ingredion Inc., Barentz, Cargill Inc., Altech Corp., and Kerry Group among others
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Billion for Value and Metric Ton for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | Source, Nutrition Type, Animal Type, and Region |
| Key Companies Profiled | ADM; Mosaic Company; Ridley; J.R. Simplot Company; Cargill; Grain Millers; AB Vista; BASF; DSM; Darling Ingredients; Ingredion Inc.; Barentz; Cargill Inc.; Altech Corp.; Kerry Group; Others (on additional request) |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Nutritional Ingredients in animal feed market will reach nearly USD 93.2 Billion by 2022.
The Nutritional Ingredients in animal feed market is anticipated to reach a valuation of USD 184.3 Billion by 2032 end.
The nutritional ingredients in animal feed market is expected to register a 7.1% CAGR between 2022 and 2032.
Demand for nutritional ingredients in animal feed in Asia Pacific countries is anticipated to drive the demand during the forecast period of 2022 to 2032.
A few of the key players in the market are ADM, Mosaic Company, Ridley, J.R. Simplot Company, Cargill, Grain Millers, AB Vista, BASF, DSM, Darling Ingredients, Ingredion Inc., Barentz, Cargill Inc., Altech Corp., and Kerry Group among Others.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Nutritional Ingredients in Animal Feed Market Analysis 2017 to 2021 and Forecast 2022 to 2032 5. Global Nutritional Ingredients in Animal Feed Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Source 5.1. Corn 5.2. Wheat 5.3. Soyabean Meal 5.4. Fish 5.5. Oats 5.6. Alfalfa 5.7. Others 6. Global Nutritional Ingredients in Animal Feed Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Nutrition Type 6.1. Protein 6.2. Vitamins 6.3. Amino Acids 6.4. Enzymes 6.5. Acidifiers 6.6. Antibiotics 6.7. Antioxidants 7. Global Nutritional Ingredients in Animal Feed Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Animal Type 7.1. Poultry 7.1.1. Chicken 7.1.2. Turkey 7.1.3. Ducks 7.1.4. Others 7.2. Cattles 7.2.1. Cow 7.2.2. Sheep 7.2.3. Horse 7.2.4. Goat 7.2.5. Pig 7.2.6. Others 7.3. Fish 7.4. Others 8. Global Nutritional Ingredients in Animal Feed Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. MEA 9. North America Nutritional Ingredients in Animal Feed Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Nutritional Ingredients in Animal Feed Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Nutritional Ingredients in Animal Feed Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. East Asia Nutritional Ingredients in Animal Feed Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. South Asia Nutritional Ingredients in Animal Feed Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Oceania Nutritional Ingredients in Animal Feed Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. MEA Nutritional Ingredients in Animal Feed Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. Key Countries Nutritional Ingredients in Animal Feed Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. ADM 18.2. Mosaic Company 18.3. Ridley 18.4. J.R. Simplot Company 18.5. Cargill 18.6. Grain Millers 18.7. AB Vista 18.8. BASF 18.9. DSM 18.10. Darling Ingredients 18.11. Ingredion Inc. 18.12. Barentz 18.13. Cargill Inc. 18.14. Altech Corp. 18.15. Kerry Group 18.16. Others 19. Assumptions & Acronyms Used 20. Research Methodology
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Nutritional Ingredients in Animal Feed Market
