PUBLISHER: The Business Research Company | PRODUCT CODE: 1414511
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414511
“Poultry Feed Amino Acids Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on poultry feed amino acids market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for poultry feed amino acids? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The poultry feed amino acids market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Poultry feed amino acids denote essential nutrients acquired by poultry through their consumption of animal feeds. These amino acids play a pivotal role in enhancing poultry growth and overall performance.
The primary types of poultry feed amino acids encompass tryptophan, lysine, methionine, threonine, among others. Tryptophan specifically serves as an essential amino acid vital for normal growth, protein production, and muscle maintenance within the body. These amino acids are available in diverse forms such as dry, liquid, and granular variations. Additionally, their sources include both natural and synthetic origins.
The poultry feed amino acids market research report is one of a series of new reports from The Business Research Company that provides poultry feed amino acids market statistics, including poultry feed amino acids industry global market size, regional shares, competitors with a poultry feed amino acids market share, detailed poultry feed amino acids market segments, market trends and opportunities, and any further data you may need to thrive in the poultry feed amino acids industry. This poultry feed amino acids market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The poultry feed amino acids market size has grown strongly in recent years. It will grow from $4.06 billion in 2023 to $4.37 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The expansion witnessed in the past period can be attributed to several factors. Notably, the burgeoning poultry industry played a significant role, accompanied by a rising demand for meat products. Additionally, there was a notable shift towards balanced diets, where consumers increasingly emphasized nutritional balance. Moreover, heightened awareness regarding the quality of proteins and the industry's dedicated focus on enhancing performance also contributed to this growth.
The poultry feed amino acids market size is expected to see strong growth in the next few years. It will grow to $5.66 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. Anticipated growth in the upcoming forecast period is driven by several key factors. Firstly, there's a concentrated effort on achieving nutritional precision, aligning with a heightened demand for top-notch protein sources. Furthermore, a substantial shift towards sustainable agricultural practices, coupled with global population growth, contributes significantly to this projected growth. Additionally, ongoing research in animal nutrition is poised to be a major catalyst for advancement.
The anticipated growth in the poultry feed amino acids market is underpinned by the increased consumption of meat. This heightened demand for meat, encompassing the edible parts of animals, directly influences the utilization of poultry feed amino acids. These amino acids play a crucial role in enhancing poultry growth, performance, and specifically, augmenting the percentage of breast meat in older broilers. According to projections by the United Nations Food and Agriculture Organization, global meat production is expected to surge by approximately 44 million tons by 2030, reaching 373 million tons. In the U.S., meat consumption rose by 40% in 2021, averaging about 274 pounds per person annually. Hence, the surge in meat consumption serves as a driving force for the poultry feed amino acid market.
The rising demand for superior-quality animal feeds is set to fuel the growth of the poultry feed amino acid market. These feeds, meticulously formulated for optimal nutrition, cater to the specific dietary needs of animals, ensuring robust health, growth, and performance. Amino acids integrated into poultry feed formulations play a pivotal role in ensuring adequate nutrition and fostering healthy animal growth. Estimates from the American Feed Industry Association project an anticipated increase in animal food consumption, reaching 254.6 million tons by 2025. This growing demand for top-tier animal feeds is a significant driver propelling the poultry feed amino acid market forward.
Innovation stands out as a prominent trend in the poultry feed amino acid market, with major companies introducing innovative products to maintain their market positions. For instance, in May 2022, METEX NØØVISTAGO unveiled the INNEUS range of animal nutrition solutions, specifically designed for piglets and poultry. This range, based on amino acids, is uniquely crafted to influence intestinal health, addressing critical physiological and sanitary challenges such as weaning in piglets or coccidiosis in chickens. It targets gut barrier function, immunological fitness, oxidative state homeostasis, and microbial balance-crucial elements for robust gut health.
Key players in the poultry feed amino acid industry are strategically forging partnerships to enhance market presence and deliver innovative solutions. An illustration is the partnership between Corteva Inc. and Bunge Global SA announced in March 2023. This collaboration aims to develop more nutritious amino acid-enhanced soybean meal for the animal feed industry, focusing on poultry, swine, and aqua feed. The multi-year partnership intends to create soybean varieties providing new value streams for farmers while offering feed compounders an alternative to synthetic additives, leading to cost reductions and a smaller environmental footprint.
In October 2022, Ajinomoto Health & Nutrition, a US-based manufacturer of pharmaceutical-grade amino acids and custom-blended mixtures merged with Ajinomoto Animal Nutrition for an undisclosed amount. The merger will help Adisseo provide natural and sustainable solutions for the company's customers and become one of the world's leaders in specialty ingredients for animal nutrition. Ajinomoto Animal Nutrition is a US-based producer of amino acids through fermentation processes.
Major companies operating in the poultry feed amino acids market report are Kemin Industries Inc., Evonik Industries AG, Novus International Inc., Archer Daniels Midland Company, Koninklijke DSM NV, Meihua Holdings Group Co Ltd., Sumitomo Corporation, Ajinomoto Co Inc., Adisseo, The Dow Chemical Company, Badische Anilin- und Sodafabrik, Chr. Hansen Holding A/S, Kent Nutrition Group, JD Heiskell & Co, Cargill Incorporated, Nutreco NV, Sunrise Nutrachem Group Co Ltd., Zhengzhou Global Bio-Chem Technology Co Ltd., Lonza Group Ltd., Amino GmbH, Prinova Group LLC, Fufeng Group Ltd., Phibro Animal Health Corporation, CJ CheilJedang Corporation, TransDigm Group Incorporated, Mills Manufacturing Corporation, Precision Aerodynamics LLC, Aerodyne Research Inc., Safran SA, FXC Corporation, Bunge Limited, Novozymes A/S
North America was the largest region in the poultry feed amino acids market in 2023. The regions covered in the poultry feed amino acids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the poultry feed amino acids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The poultry feed amino acids market consists of sales of cysteine, arginine, and glutamine. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.