PUBLISHER: IMARC | PRODUCT CODE: 1754011
PUBLISHER: IMARC | PRODUCT CODE: 1754011
The global animal nutrition chemicals market size reached USD 12.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 18.4 Billion by 2033, exhibiting a growth rate (CAGR) of 4.56% during 2025-2033.
Animal nutrition chemicals are feed additive products or supplements that promote the growth of animals and maintain their health. They include feeding attractants, immunostimulants, prebiotics, probiotics, acidifiers, and essential oils. They help improve animal immunity, fertility, pregnancy outcome, newborn survival and growth, meat quality, and feed efficiency. They assist in promoting ingestion, absorption, assimilation of nutrients, growth, and health. Besides this, they aid in improving physiological processes, such as stress resistance and reproduction. As a result, animal nutrition chemicals are extensively utilized in the feed industry to improve the efficacy of the final product.
Rapid urbanization is leading to a significant increase in domesticated animals across the globe and the rising requirement for their health insurance represents one of the key factors positively influencing the market. The expansion of pet health care centers and veterinaries and the rising risk of deadly health issues and malnutrition among livestock are also driving the market. In addition, the increasing purchasing power of individuals is enabling them to spend on healthy and nutritious feed additives. This, in confluence with the rising awareness among individuals about proper pet nutrition, is driving the demand for animal nutrition chemicals. Apart from this, considerable development in the meat and poultry market and the increasing consumption of red and white meat, and the escalating demand for protein-rich diets are other factors propelling the need for animal nutrition chemicals. This, in turn, is offering lucrative growth opportunities to industry investors. Moreover, the rising focus of manufacturers on product development by adopting environment-friendly methods and using naturally derived feedstock is anticipated to provide numerous opportunities to key players.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aumgene Biosciences Pvt. Ltd., Balchem Corporation, BASF SE, Cargill Incorporated, Evonik Industries AG (RAG-Stiftung), Kemin Industries Inc., Koninklijke DSM NV, Novozymes A/S and Tata Chemicals Limited.