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What are Animal Nutritional Ingredients?
Animal nutritional ingredients are proper balance of protein, energy, vitamins and all nutritionally important minerals, focusing on the dietary nutrients needs of animals, primarily those in agriculture and food production followed by zoos, aquariums, and wildlife management. It also plays a significant role in improving nutrient digestibility leading to stable animal health and improved feed efficiency while nutrients are added to make the animal feed more wholesome and improve the nutritive value of the feed.
Animal Nutritional Ingredients Market Overview
The Animal Nutritional Ingredients market showcased growth at a CAGR of 4.75 % during 2018-2021. The market was valued at USD 12803.90 Million in 2021 which is expected to reach USD 19055.01 Million in 2028. The increasing meat and dairy production leads to the increasing demand for high-quality feed that contains vitamins, minerals, enzymes, and probiotics to improve meat quality and production. Thus, the growing use of animal feed to increase meat quality and production is driving the demand for Animal Nutritional ingredients market. The market is further propelled by rising demand for increasing number of livestock population, aquaculture farming and surging number of animal diseases.
The Global Animal Nutritional Ingredients Market is expected to grow in the forecast period and register a market value of USD 19055.01 million in 2028 at a CAGR of 6.09 % during the forecast period. Animal Nutritional Ingredients serves the global feed industry with innovative and sustainable solutions contributing toward healthy diet of millions of animals.
The use of antibiotics as growth enhancers for cattle has been the main focus of the livestock feed industry in past decades. However, microbial antibiotic resistance has a negative impact, resulting in creating regulations to ban or discourage the use of in-feed antibiotics in the animal feed sector. As a result, biotechnological applications have been created and adopted, including the feeding of genetically modified plants, the use of approved probiotics, and the integration of nanotechnology into the nutrition and feeding of livestock. With new technologies used to process food and the pursuit of alternative protein sources, new ingredients emerge as options to meet the nutritional and functional needs of animals along with sustainability.
Increasing demand for meat and dairy products
There is significant surge in livestock production due to high demand for meat and dairy products as they are good source of protein. As per FAO, global meat consumption is projected to reach between 460 million to staggering 570 million tons by 2050. The meat quality attributes are affected by the amount and type of nutrient intake by the animal.
Moreover, more than 6 billion people worldwide consume milk and milk products. Proper nutrition promotes healthy, well-fed cattle and poultry will produce more milk, meat, and eggs.
Supply Chain Disruptions
The feed ingredient suppliers are facing incredibly long lead times, excessive shipping costs, labor shortages and imbalance demand for packaging components. A sharp increase in the cost of raw materials and feed additives brought on by supply chain interruptions lowers the profitability of the feed sector.
Further, the Covid-19 epidemic disrupted the global supply chain, including the supply chain of imported animal feed. The United States, one of the major corn producing countries, has increased production of bioethanol from corn, reducing the amount of corn exported.
Therefore, using technology to create animal feed from domestic materials will be a solution to help lower the cost of animal feed products in comparison to the high cost of imported raw materials.
Segment-Wise Insights
Amino Acids accounts for USD 5314.41 Million in 2021
Amino acids are the building blocks of proteins and polypeptides that are the major component of animals’ muscles and tissues. Most common amino acids include methionine, lysine, threonine and tryptophan. From growth to production and reproduction, amino acids play a large part in the productivity of farm animals and can contribute significantly to the profitability of a farm. The introduction of new methods in animal husbandry to improve meat quality, growth in feed production, and standardization of meat products owing to disease outbreaks are anticipated to be the main drivers of amino acids.
Poultry contribute the maximum share in Animal Nutritional Ingredients Market
Increasing global population and rising per capita consumption of egg and meat followed by high demand for meat production by fast food restaurants are factors driving Nutritional Ingredients for poultry. Grains such as Corn, Barley, Buckwheat, Oats are the main ingredients used in poultry diets to supply energy and promote growth.
Regional Insights
The demand for animal products has shown a rapid increase throughout Asia, thus creating a greater opportunity for nutritional ingredients in countries such as China, India, Thailand, Veitnam. Companies such as ADM, DSM expands its footprint in the region by manufacturing feed mills and acquisitions by domestic players. For instance, in year 2021, ADM expanded its premix offerings in Vietnam with the acquisition of Gol Farm Production & Commerce Company Limited, invested in a new Wisium Premix line in Philippines and acquired Invivo Sanpo in China in year 2022.
Competitive Landscape
The Global Animal Nutritional Ingredients Market is highly fragmented, with leading companies accounting for approximately 70% of market revenue. The companies include DSM, ADM, Adisseo, Evonik, and Elanco Health. Leading companies and brands in the market are executing different strategies and partnerships to strengthen the foothold and increase the competitiveness and product offerings in the market.
BASF, Kemin, Cargill, amidst others are the prominent companies in the Global Animal Nutritional Ingredients Market.
Leading companies in the Global Animal Nutritional Ingredients Market include:
ADM
Evonik Industries AG
DSM
BASF
International Flavors & Fragrances Inc. (DuPont)
CHR Hansen
Cargill Incorporated
Novus International
Bluestar Adisseo
Kemin Industries
Recent Developments in the Animal Nutritional Ingredients Market
Segmentations in the Report
By Nutrient Type
By Species
By Source
By Region
Frequently Asked Questions
What is the expected market value of Animal Nutritional Ingredients Market in 2028?
Global Animal Nutritional Ingredients Market is expected to be valued at USD 19055.01 Million in 2028.
At what growth rate is Animal Nutritional Ingredients Market expected to grow in the forecast period?
During 2023-2028, Animal Nutritional Ingredients Market is expected to grow at CAGR of 6.09%.
Which Region dominates the Animal Nutritional Ingredients Market?
Asia Pacific contributes the largest revenue share in the Animal Nutritional Ingredients Market.
Which are the leading companies in the Animal Nutritional Ingredients Market?
The leading companies in Animal Nutritional Ingredients Market are ADM, Evonik Industries AG, DSM, BASF, International Flavors & Fragrances Inc. (DuPont), CHR Hansen, Cargill Incorporated, Novus International, Bluestar Adisseo, Kemin Industries.
At what rate will China Animal Nutritional Ingredients Market Grow?
During 2023-2028, China Animal Nutritional Ingredients Market is expected to grow at a CAGR of 8.39%.
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