Global Animal Nutrition Chemicals Market - 2023-2030
Global Animal Nutrition Chemicals Market reached US$ 11.21 billion in 2022 and is expected to reach US$ 16.85 billion by 2030, growing with a CAGR of 5.2% during the forecast period 2023-2030.
The global animal nutrition chemicals market has witnessed significant growth, as they provide a balanced diet by providing essential nutrients necessary for their growth, development, and overall physiological functions. Hence, such factors can help in creating an opportunity for increasing the global animal nutrition chemicals market.
Furthermore, manufacturing companies are focusing on developing innovative products to attract larger consumer bases. For instance, in June 20203, Evonik launched an updated Biolys product for animal feeds, biolys provides a higher concentration of L-lysine, hence, such products can help in increasing the market growth.
Dynamics
Rising Demand for Animal Based Products
The demand for animal-based products is increasing, for instance, according to the Ministry of Fisheries, Animal Husbandry & Dairying report of 2023, The total meat production in the country is 9.29 million tonnes for the year 2021-22 with an annual growth rate of 5.62%. with a per-capita availability of meat is 6.82 kg/annuam during 2021-22 increased by 0.30 kg/annuam over the previous year.
Furthermore, such an increase in demand for meat is driving the demand for animal nutrition chemicals in animal feeds, as these Animals require various nutrients at different stages of their lives, and nutrition chemicals are designed to supply those requirements while promoting the potential growth and development. Hence, such factors can help in driving the market growth.
Increase in Product Development
The increase in product development significantly drives the animal nutrition chemicals market. Product developments often contribute to the creation of advanced formulations for animal nutrition chemicals. This precision nutrition approach helps enhance animal health and productivity. Hence, it can help in boosting the market growth.
Furthermore, the key players in this market are highly investing in the development of this product. For instance, in January 2020, Balchem Corporation launched the new PuraChol line of branded choline products. PuraChol is offered in Liquid or dry formulations, Non-grain, non-GMO, Silica carrier, and Organic carrier, with concentrations ranging from 50% to 75%. Hence, such product launches can help in driving the market growth.
High Product Cost
Various essential elements, such vitamins, minerals, amino acids, and specialist additives, are frequently used in the production of animal nutrition chemicals. Changes in the cost of certain raw materials can result in higher production expenses. Due to this, customers might switch to other providers, which might impede the expansion of the market.
Segment Analysis
The global animal nutrition chemicals market is segmented based on product type, distribution channel, animal type, product form, application and region.
Increase in Demand for Effective Animal Nutrition Chemicals
The amino acids type of animal nutrition chemicals shows a dominance in global animal nutrition chemicals. The end-user industries such as poultry farming, and others are highly adopting these in animal diets as the Adequate amino acid intake contributes to efficient weight gain, improved muscle development, and overall growth in young animals. hence, such factors can help in driving the market growth.
Furthermore, as the demand for these amino acid products is increasing, many manufacturing companies are launching innovative products in order to expand their market growth, for instance, in May 2022, Metex Noovistago launched a new solution range inneus for pigs and poultry. Inneus range of products are solutions based on a synergistic combination of functional amino acids potentialised by specifically selected polyphenols. Hence, such products can help in gaining the popularity for animal nutrition chemicals market.
Geographical Penetration
High Animal Based Products Consumption Rate in Asia-Pacific
Asia-Pacific has been a dominant force in the global animal parasiticides market and its significant growth. As the demand for meat consumption is high in this region, the livestock industries are highly adopting these nutrition chemicals as they provide all the essential nutrients and a balanced diet. Which, helps in increasing the productivity of animals. hence, such factors can help in increasing the market growth.
Furthermore, the meat consumption rate is high in this region, for instance, in the Australian Bureau of Agricultural and Resource Economics and Sciences. Nearly 70 percent of Australian households serve chicken meat at least twice weekly. In 2022/23 Australians they increased consumption to 50.1 kg of chicken meat on average each.
Additionally, the milk production and consumption rate in India are rising, for instance, according to the Ministry of Fisheries, Animal Husbandry & Dairying report of 2023, Total milk production in the country during 2021-22 is 221.06 million tonnes, per-capita availability of milk is 444 gram/day during 2021-22 increased by 17 gram/day over 2020-19. Hence, it can help in raising the adoption of nutrition chemicals for cattle.
Competitive Landscape
The major global players in the market include BASF SE, International Flavors & Fragrances Inc., Tata Chemicals Ltd., Cargill, Incorporated., Evonik, Novozymes, DSM-Firmenich, Balchem Corp., Kemin Industries, Inc., and Church & Dwight Co., Inc.
COVID-19 Impact Analysis
The outbreak of the COVID-19 pandemic has brought a disruption in the supply chain of animal nutrition chemicals, as many country governments have imposed lockdown restrictions which have impacted many manufacturing companies, due to which the availability of products are affected in the market, which has shown a hamper in the global animal nutrition chemicals market.
By Product Type
• Amino Acid
• Vitamin
• Mineral
• Enzyme
• Fish Oil & Lipid
• Carotenoid
• Eubiotics
• Others
By Distribution Channel
• Hypermarkets/Supermarkets
• Specialty Stores
• Pharmacist
• Others
By Animal Type
• Poultry
• Swine
• Pet
• Ruminants
• Others
By Product Form
• Liquid
• Powdered
• Granules
• Others
By Application
• Animal Food Manufacturer
• Farm
• Household
• Veterinarian
• 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
• In May 2023, Danisco Animal Nutrition & Health, a business unit of IFF, launched Axtra PRIME, an optimized enzyme blend designed to address key challenges in piglet production.
• In December 2023, ADM a global leader in human and animal nutrition, acquired PT Trouw Nutrition Indonesia, a subsidiary of Nutreco and a leading provider of functional and nutritional solutions for livestock farming in Indonesia.
• In February 2023, Adisseo announced the acquisition of Nor-Feed, a French group that designs, produces and markets plant-based specialty ingredients and plant extracts for animal nutrition. This acquisition is part of the Adisseo Group’s strategy to become one of the world leaders in specialty ingredients for animal nutrition.
Why Purchase the Report?
• To visualize the global animal nutrition chemicals market segmentation based on product type, distribution channel, animal type, product form, application, 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 animal nutrition chemicals 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 animal nutrition chemicals market report would provide approximately 78 tables, 83 figures and 186 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Product Type
- 3.2. Snippet by Distribution Channel
- 3.3. Snippet by Animal Type
- 3.4. Snippet by Product Form
- 3.5. Snippet by Application
- 3.6. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Rising Demand for Animal-Based Products
- 4.1.1.2. Increase in Product Development
- 4.1.2. Restraints
- 4.1.2.1. High Product Cost
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Production and Consumption Analysis
- 5.5. Regulatory Analysis
- 5.6. DMI Opinion
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Product Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 7.1.2. Market Attractiveness Index, By Product Type
- 7.2. Amino Acid*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Vitamin
- 7.4. Mineral
- 7.5. Enzyme
- 7.6. Fish Oil & Lipid
- 7.7. Carotenoid
- 7.8. Eubiotics
- 7.9. Others
- 8. By Distribution Channel
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 8.1.2. Market Attractiveness Index, By Distribution Channel
- 8.2. Hypermarkets/Supermarkets*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Specialty Stores
- 8.4. Pharmacist
- 8.5. Others
- 9. By Animal Type
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal Type
- 9.1.2. Market Attractiveness Index, By Animal Type
- 9.2. Poultry*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Swine
- 9.4. Pet
- 9.5. Ruminants
- 9.6. Others
- 10. By Product Form
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Form
- 10.1.2. Market Attractiveness Index, By Product Form
- 10.2. Liquid*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Powdered
- 10.4. Granules
- 10.5. Others
- 11. By Application
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.1.2. Market Attractiveness Index, By Application
- 11.2. Animal Food Manufacturer*
- 11.2.1. Introduction
- 11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 11.3. Farm
- 11.4. Household
- 11.5. Veterinarian
- 11.6. Others
- 12. By Region
- 12.1. Introduction
- 12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 12.1.2. Market Attractiveness Index, By Region
- 12.2. North America
- 12.2.1. Introduction
- 12.2.2. Key Region-Specific Dynamics
- 12.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 12.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal Type
- 12.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Form
- 12.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.2.8.1. U.S.
- 12.2.8.2. Canada
- 12.2.8.3. Mexico
- 12.3. Europe
- 12.3.1. Introduction
- 12.3.2. Key Region-Specific Dynamics
- 12.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 12.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal Type
- 12.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Form
- 12.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.3.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.3.9.1. Germany
- 12.3.9.2. UK
- 12.3.9.3. France
- 12.3.9.4. Italy
- 12.3.9.5. Russia
- 12.3.9.6. Rest of Europe
- 12.4. South America
- 12.4.1. Introduction
- 12.4.2. Key Region-Specific Dynamics
- 12.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 12.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal Type
- 12.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Form
- 12.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.4.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.4.9.1. Brazil
- 12.4.9.2. Argentina
- 12.4.9.3. Rest of South America
- 12.5. Asia-Pacific
- 12.5.1. Introduction
- 12.5.2. Key Region-Specific Dynamics
- 12.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 12.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal Type
- 12.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Form
- 12.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.5.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.5.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 12.5.9.1. China
- 12.5.9.2. India
- 12.5.9.3. Japan
- 12.5.9.4. Australia
- 12.5.9.5. Rest of Asia-Pacific
- 12.6. Middle East and Africa
- 12.6.1. Introduction
- 12.6.2. Key Region-Specific Dynamics
- 12.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 12.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 12.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Animal Type
- 12.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Form
- 12.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12.6.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 13. Competitive Landscape
- 13.1. Competitive Scenario
- 13.2. Market Positioning/Share Analysis
- 13.3. Mergers and Acquisitions Analysis
- 14. Company Profiles
- 14.1. BASF SE *
- 14.1.1. Company Overview
- 14.1.2. Product Portfolio and Description
- 14.1.3. Financial Overview
- 14.1.4. Key Developments
- 14.2. International Flavors & Fragrances Inc.
- 14.3. Tata Chemicals Ltd.
- 14.4. Cargill, Incorporated.
- 14.5. Evonik
- 14.6. Novozymes
- 14.7. dsm-firmenich
- 14.8. Balchem Corp.
- 14.9. Kemin Industries, Inc.
- 14.10. Church & Dwight Co., Inc.
- LIST NOT EXHAUSTIVE
- 15. Appendix
- 15.1. About Us and Services
- 15.2. Contact Us
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