Global Acids & Nutrients in Animal Nutrition Market - 2023-20230

Overview

Global Acids & Nutrients in Animal Nutrition Market reached US$ 6.12 billion in 2022 and is expected to reach US$ 12.65 billion by 2030, growing with a CAGR of 9.5% during the forecast period 2023-2030.

Due to rising income, urbanization, and a growing focus on animal protein because of their health advantages, the demand for animal-based products is rising. As per FAO estimation, in comparison to the base period average of 2018-2020, the expected growth in meat protein consumption during the following 1o years is 14%. Increasing demand for animal protein is driving livestock farming which leads to the acids and nutrition in the animal nutrition market growth.

Disease prevention is a major priority in livestock farming, given the potential for substantial economic losses during outbreaks. To mitigate these risks, nutritional additives are introduced into animal diets. These additives serve to fortify the animals' immune systems, thus decreasing their vulnerability to diseases. By enhancing immunity, livestock producers can protect both animal health and the financial stability of their operations.

Amino acids hold a significant share of the acids & and nutrients in animal nutrition market due to their vital role in maintaining the nutritional balance of animal feed. Asia-Pacific held a significant share of the acids & and nutrients in animal nutrition market due to its growing agriculture sector. In June 2023, India Union Minister of Fisheries, Animal Husbandry, and Dairying launched the Nandi portal to help farmers by promoting the livestock industry. This rising emphasis on the livestock industry is driving the feed additives market including acids and nutrients in animal nutrition market.

Dynamics

Increasing Focus on Animal Health and Welfare

According to Health for Animals, Global Animal Health Association, One of the most frequent dangers to an animal's health is disease. Each year 1 in 5 farm animals die from diseases, and many more animals experience the impacts of illness. Increasing awareness of animal well-being underscores the demand for nutrients and acids that enhance overall health, alleviate stress, and contribute to improved animal welfare.

Enhanced nutrient and acid supplements play a pivotal role in promoting animal health. The emphasis on animal health and welfare positively influences the market, driving the development and adoption of products designed to support and enhance the lives of animals in various agricultural sectors. In March 2020, Biochem, a manufacturer of

additives, announced a new RumiPro product line for ruminants. This product line comprises three high-quality products formulated to address the specific nutritional requirements of the ruminants.

Increasing Demand for Animal Protein

The demand for animal protein is growing due to income and population growth. According to FAO, the average global consumption of animal proteins will rise by 14% by 2030 compared to the base period average of 2018-2020 By 2030, it is anticipated that the protein availability from beef, pork, poultry, and sheep meat will increase by 5.9%, 13.1%, 17.8%, and 15.7%, respectively. Likewise, according to USDA data, around 190 million tonnes of milk were consumed globally in 2020. To meet this increasing demand, farmers are using various acids and nutrients like minerals, fibers, vitamins, etc to optimize animal diets and improve their growth.

High-quality feed is crucial for livestock health and productivity. Nutritional additives like vitamins, minerals, and amino acids strengthen animal diets, providing necessary nutrients for growth and milk production. This focus on balanced nutrition is essential to meet the rising demand for animal products, ensuring the well-being and efficiency of livestock to meet consumer needs and sustain the industry.

Regulatory Challenges

Strict regulations and approval processes for animal nutrition products can slow down market growth. Ensuring compliance with diverse and evolving regulatory standards in different regions can be complex and costly. Meeting these standards requires substantial investments in research and testing. In October 2022, the FDA announced that its regulation of animal food ingredient claims must adhere to animal nutrition science.

Regulatory authorities demand rigorous safety and efficacy data for nutritional additives to ensure they do not harm animals or consumers Strict regulations and approval processes for animal nutrition products can slow down market growth. Ensuring compliance with diverse and evolving regulatory standards in different regions can be complex and costly.

Segment Analysis

The global acids & nutrients in animal nutrition market is segmented based on product, livestock, distribution channel and region.

Amino Acid amd Protein's Vital Role in Maintaining Good Animal Health

In a balanced diet, animals require protein, composed of amino acids, for their growth and health. Certain amino acids, called essential amino acids, cannot be synthesized by the animal's body and must be obtained through their feed to ensure proper development. In May 2022, METEX NOOVISTAGO, an animal nutrition expert launched a new solution range: inneus for pigs and poultry. The inneus range of products is based on amino acids.

Amino acid and vitamins are indispensable in animal nutrition, playing a vital role in maintaining intestinal health and regulating metabolic processes. They are essential for overall well-being, supporting growth, development, lactation, and reproduction in livestock.

Geographical Penetration

Asia-Pacific's Growing Livestock Industry

Asai-Pacific has a robust livestock sector. According to Alltech's Agri-Food Outlook 2023 report, the world's top producer of compound feed is located in the Asia-Pacific area. The Asia-Pacific region produced 466 million tonnes (or 36.8%) of the world's 1.266 billion tonnes of compound feed in 2022. This growing animal feed production is leading to its highest share in the acids and nutrients in animal nutrition market growth in that region.

Asia-Pacific is witnessing significant advancements in animal nutrition research and technology, which leads to the development of innovative products that cater to specific regional needs. In July 2021, Danisco Animal Nutrition, a business unit of IFF's Health & Biosciences division, introduced the launch expansion of the industry-leading novel phytase enzyme, Axtra PHY GOLD in Malaysia, Thailand and Australia.

Competitive Landscape

The major global players include Plant Food Company, Inc., Hydrite Chemical, Tessenderlo Kerley Internationa, Mears Fertilizer, Inc., Martin Midstream Partners L.P., Kugler Company, Poole Agribusiness, Shakti Chemicals, Omnia Specialities Pty, TerraLink Horticulture Inc.

COVID-19 Impact Analysis

COVID Impact

Lockdowns, travel restrictions, and disruptions in global logistics affected the supply chain of raw materials, making it challenging for manufacturers to source and produce animal nutrition products. This led to shortages and supply chain bottlenecks. The closure of restaurants and food service establishments affected the demand for specific types of animal products, particularly those used in the hospitality industry. This, in turn, influenced the need for certain nutritional additives.

However, the pandemic changed consumer behavior and dietary preferences. There was a growing interest in health and well-being, which influenced the demand for animal products with enhanced nutritional value. This led to increased interest in nutritional additives to improve animal product quality.

Russia- Ukraine War Impact

The conflict disrupted the supply chain for raw materials used in the production of nutritional additives. Ukraine is a major exporter of agricultural commodities, and any disruption in the region can affect the availability and cost of essential ingredients like grains, which are used in animal nutrition.

The conflict influenced global agricultural markets, leading to fluctuations in feed prices. These price fluctuations affected the overall cost of animal nutrition and, by extension, the profitability of livestock production. The conflict directly affected agricultural activities in the region, which led to an impact on regional livestock farming further impacting on acids and nutrients in animal nutrition.

By Product

• Amino Acids & Proteins
• Minerals
• Vitamins
  • Vitamin A
  • Vitamin E
  • Vitamin B2
  • Vitamin C
• Fibers & Carbohydrates
• Organic Acids
• Others

By Livestock

• Ruminant Feed
• Poultry Feed
• Aquafeed
• Swine Feed
• Equine Feed
• Others

By Distribution Channel

• Company Owned Stores
• Veterinary Care
• E-Commerce
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On 25 May 2023, Evonik, a manufacturer of chemical products, introduced an updated Biolys product for animal feed. Biolys offers a higher amount of L-lysine.
• In March 2023, Corteva Agriscience, an agricultural chemical and seed company, and Bunge collaborated to introduce amino acid-enhanced soybean meal for the animal feed industry.
• In March 2023, Danisco Animal Nutrition & Health, a business unit of IFF, declared the launch of a new animal nutrition solution Axtra PRIME, an optimized enzyme blend designed to address key challenges in piglet production.

Why Purchase the Report?

• To visualize the global acids & nutrients in animal nutrition market segmentation based on product, livestock, distribution channel and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of Acids & Nutrients in Animal Nutrition market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global acids & nutrients in animal nutrition market report would provide approximately 61 tables, 64 figures and 181 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies