Global Acid And Nutrient In Animal Nutrition Market Size By Type (Amino acids & Proteins, Minerals (macro & trace)), By Application (Poultry Feed, Aquatic Feed), By Region, And Segment Forecasts, 2023...

Report Id: 35984 | Published Date: Jun 2023 | No. of Pages: | Base Year for Estimate: Jun 2023 | Format:


The Global Acid and Nutrient in Animal Nutrition Market was valued at USD X.X billion in 2023 and is projected to surpass USD X.X billion by 2031, growing at a CAGR of X.X% during the forecast period from 2023 to 2031. The increasing demand for high-quality animal feed, rising awareness of livestock nutrition, and advancements in feed additives are key factors driving market growth. Acids and nutrients play a crucial role in improving animal health, enhancing digestion, and optimizing feed efficiency. With the growing global consumption of meat and dairy products, the demand for nutrient-rich animal feed continues to rise.

Market Dynamics:

Drivers:

Rising Demand for Nutrient-Rich Animal Feed

The growing livestock industry and increasing demand for high-quality meat and dairy products drive the need for enriched animal feed containing essential acids and nutrients.

Increasing Awareness About Animal Health & Nutrition

Farmers and livestock owners are increasingly recognizing the benefits of feed additives, acids, and nutrients in boosting animal immunity and productivity.

Expansion of the Livestock Industry

The expansion of poultry, cattle, and aquaculture farming across emerging economies is creating a surge in demand for specialized animal feed ingredients.

Restraints:

High Cost of Acid and Nutrient Additives

The production and inclusion of acid and nutrient-based feed additives add to the overall cost of animal feed, making it expensive for small-scale farmers.

Stringent Regulatory Standards

The strict regulations regarding the use of feed additives and synthetic acids in animal nutrition could limit market expansion.

Opportunities:

Development of Innovative and Sustainable Feed Additives

Advancements in biotechnology and research are enabling the formulation of sustainable and highly effective acid and nutrient-based animal feed.

Growing Demand in Emerging Economies

Rapid urbanization, rising incomes, and an increasing appetite for animal-derived food products in Asia-Pacific and Latin America present lucrative opportunities for market growth.

Market Segmentation:

Market by Acid Type Insights:

Amino Acids Segment: Dominated the market in 2023, accounting for the largest share due to their crucial role in improving metabolism and protein synthesis in animals.

Organic Acids Segment: Expected to witness significant growth due to their benefits in enhancing digestion, reducing gut infections, and improving overall livestock health.

Market by Livestock Insights:

Poultry Segment: Held the largest market share in 2023, driven by the high demand for poultry meat and eggs.

Cattle Segment: Expected to grow at a steady rate due to the increasing consumption of dairy products and beef.

Aquaculture Segment: Gaining momentum with the rising demand for sustainable fish farming practices.

Market by Regional Insights:

North America: Led the market in 2023 due to the well-established livestock industry and increasing adoption of feed additives.

Asia-Pacific: Expected to grow at the highest rate during the forecast period, supported by the rapid expansion of poultry and aquaculture farming in China, India, and Southeast Asia.

Europe: Witnessing steady growth due to the presence of stringent regulations promoting the use of safe and natural feed additives.

Competitive Scenario:

Key players in the Global Acid and Nutrient in Animal Nutrition Market include:

Cargill, Inc.

Archer Daniels Midland Company

BASF SE

DSM Nutritional Products

Evonik Industries

Kemin Industries

DuPont Nutrition & Biosciences

Novus International, Inc.

These companies focus on expanding their product portfolios, strategic collaborations, and research & development investments to enhance market presence.

Scope of Work – Global Acid and Nutrient in Animal Nutrition Market

Report Metric

Details

Market Size (2023)

USD X.X Billion

Projected Market Size (2031)

USD X.X Billion

CAGR (2023-2031)

X.X%

Key Segments

Acid Type, Livestock, Region

Leading Segment by Acid Type

Amino Acids

Leading Segment by Livestock

Poultry

Key Regions Covered

North America, Europe, Asia-Pacific, Latin America, MEA

Key Companies

Cargill, ADM, BASF SE, DSM, Evonik, Kemin, DuPont, Novus

Market Drivers

Rising demand for nutrient-rich animal feed, Expansion of livestock industry, Increasing awareness about animal nutrition

Market Restraints

High cost of feed additives, Stringent regulatory standards

Market Opportunities

Development of sustainable feed additives, Growth in emerging markets

Key Market Developments:

2023: BASF SE launched a new line of organic acid-based feed additives to enhance gut health in livestock.

2024: DSM Nutritional Products expanded its feed additive portfolio by introducing advanced amino acid formulations for improved feed efficiency.

2025: Cargill, Inc. announced a strategic partnership with a biotechnology firm to develop sustainable plant-based feed acid solutions.

FAQs:

What is the current market size of the Global Acid and Nutrient in Animal Nutrition Market?

The market was valued at USD X.X billion in 2023.

What is the major growth driver of the Global Acid and Nutrient in Animal Nutrition Market?

The rising demand for nutrient-rich animal feed and the expansion of the livestock industry are key drivers.

Which is the largest region during the forecast period in the Global Acid and Nutrient in Animal Nutrition Market?

North America led the market in 2023, but Asia-Pacific is expected to witness the highest growth.

Which segment accounted for the largest market share in the Global Acid and Nutrient in Animal Nutrition Market?

The Amino Acids segment dominated the market in 2023.

Who are the key market players in the Global Acid and Nutrient in Animal Nutrition Market?

Leading companies include Cargill, BASF SE, DSM, Evonik, Kemin, and ADM.

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