Increased adoption of pets, rise in care and concern of animal health is a major factor expected to create demand for healthy and safe feed for animals in turn drives the nutrients and acids in animal nutrition market. Rising awareness of healthy feed and stringent regulations to maintain sufficient nutrients are witnessing growth of the market revenue. On the other side, rise in cost of feed & supplements and lack of awareness in some regions of the world about the animal health are expected to dampen the market.
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The nutrients and acids in animal nutrition market has segmented on the basis of type of animal, product type, and geographical regions.
Based on type of product, the nutrients and acids in animal nutrition market is segmented:
• Organic acids
• Amino acids
• Vitamins
• Minerals
• Proteins
• Carbohydrates
• Fibres
• Others
Based on Animal, the nutrients and acids in animal nutrition market is segmented:
• Poultry Feed
• Aquatic Feed
• Canine Feed
• Equine Feed
• Swine Feed
• Ovine Feed
• Bovine Feed
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Manufacturers of animal feed are providing nutritional feed for the animals as the nutrient acids and other minerals are very important for the healthy growth and hygiene of the animals. Providing high nutrient feed ensures the prevention of endemic fatal diseases. Traction in aquaculture is expected to create demand for aquatic feed. The amino acids accounts for major share due to its wide applications of protein. The major feed types that are available in the market are poultry, ruminant, and swine feeds. Aquatic and equine feeds are expected to witness lucrative growth.
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The nutrients and acids in animal nutrition market is segmented into North America, Asia-Pacific, Europe, and the Middle East & Africa, Latin America. The nutrients and acids in animal nutrition market are dominated by Asia Pacific region owing to the high demand for meat, poultry and dairy products. Due to the high availability and low in cost, South American and Asia Pacific regions are relying on the amino acids for the feed. Europe and North America regions have significant growth in the nutrients and acids in animal nutrition market.
Some of the players in the Nutrients and Acids in animal nutrition market include Evonik Industries Ag (Germany), BASF SE (Germany), Nutreco (Netherlands), Adisseo (China), Archer Daniels Midland Company (U.S.), Charoen Pokphand Foods Pcl (Thailand), Cargill Inc. (U.S.), Novus International Inc.(U.S.) and Alltech.(Kentucky).
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