About Animal Nutrition Chemicals
Animal nutrition chemical provides essential ingredients and functional additives in animal feed. It focuses on providing dietary supplements to animal which are essential for maintaining their health and immunity against any type of diseases. This animal nutrition chemicals broadly used by animal holders, animal feed producers, zoos, aquariums and animal farming. These chemicals especially increase digestive capacity of animals which in turn impact on their weight in positive manner. Hence, owing to healthy benefits, animal nutrition chemicals witnessing huge demand.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market of animal nutrition chemicals is expected to grow with rising demand for maintain animal health and immunity against any type diseases. Several companies are operating in the market to provide different types of animal nutrition chemicals with their unique feature. The market is highly fragmented with the presence of several market players. Rising market profitability and demand attracting new players to enter in market which in turn increasing market competitiveness. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ADM (United States), Cargill (United States), Biovet S.A (Luxembourg), NORDFEED (Turkey), Bluestar Adisseo Co., Ltd. (China), Nutreco N.V.(Denmark), Evonik Industries AG. (Germany), BASF SE. (Germany), Roquette Frères.(France), Kemin Industries, Inc. (United States), Lallemand Inc (Canada), Land O'Lakes (United States), Azelis S.A. (Belgium) and WBCIL. (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are AB Vista (United Kingdom) and Piramal Pharma Solutions (India).
Segmentation Overview
AMA Research has segmented the market of Global Animal Nutrition Chemicals market by Type (Minerals, Enzymes, Vitamins, Amino Acid, Fish Oil & Lipids and Others), Application (Animal Feed Manufacturers, Veterinaries, Animal Farm and Others) and Region.
On the basis of geography, the market of Animal Nutrition Chemicals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Solid will boost the Animal Nutrition Chemicals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Animal Nutrition Chemicals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Species, the sub-segment i.e. Poultry will boost the Animal Nutrition Chemicals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Inclination of Animal Holders towards Flavoured Animal Nutritional Chemicals
Market Growth Drivers:
Rising Awareness to Maintain Animal Health and their Immunity, Growing Preference for Providing Proper Nutrition for their Pets, Ruminants and Others, Increasing Livestock Population across the Globe and Augmenting Government Initiatives and Subsidiaries for Animal Health Programs and their Breeding
Challenges:
Availability of Alternatives with Low Price
Restraints:
High Cost of Manufacturing and Strengthen Government Regulations Regarding Feed Additives
Opportunities:
Increasing Demand for Meat and Animal based Products and Asia Pacific with Growing Animal Farming Infrastructure has Created Growth Opportunities
Market Leaders and their expansionary development strategies
In May 2021, Eastman Chemical Co. has acquired 3F Feed & Food. 3F Feed & Food is a European leader production additives for animal feed. This acquisition is expected to strengthen and support global growth of Eastman’s animal nutrition business.
In June 2020, DSM has acquired Austria’s Erber Group for USD 1.1 billion. DSM has decided to shift their focus from industrial chemicals to ingredients for nutrition and health markets. With this acquisition, company is able to expand their product portfolio of animal nutrition and able to provide more variety of nutritional chemicals including gut health–promoting phytogenic and mineral feed additives, probiotics, and acidifiers.
Key Target Audience
Animal Nutrition Chemicals Manufacturers, Animal Nutrition Chemicals Suppliers/Distributors, Raw Material Suppliers, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.