Nutritional Ingredients in Animal Feed Market to be supported by Food and Supplements Sector through 2028
Rising
demand for meat and milk-based products and increasing awareness about animal’s
health is expected to drive the Nutritional Ingredients in Animal Feed Market in
the forecast period 2024-2028.
According to TechSci Research
report, “Nutrients in Animal Feed
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028”, Global Nutritional Ingredients in Animal Feed Market
is anticipated to upsurge at an impressive rate in the forecast period 2024-2028.
Over the projected period, rising consumer awareness of their own personal
health and wellbeing is anticipated to be a major market driver for animal
protein and dietary supplements. Due to busy schedules and evolving lifestyles,
the working population worldwide struggles to meet the needs for dairy
nutrients. The market is anticipated to be driven by rising reliance on
supplements to meet nutrient requirements due to their high level of
convenience. A significant factor fueling the growth
of the Global Nutritional Ingredients in Animal Feed Market is due to increasing demand for typical animal-based
protein powders such as whey protein, egg white protein, casein, collagen, and
beef protein. Compared to plant-based protein powders, animal-based protein
powders often offer greater mixability and flavor characteristics. Animal-based
protein powders frequently offer better mixability and flavor attributes as
compared to protein powders made from plants. In addition, rising demand for collagen-based
cosmetics products will further fuel the growth of Global Nutritional
Ingredients in Animal Feed market. Furthermore, the market is being further
stimulated by growing food and beverages industries and adoption of
protein-based meals.
However, a lack of
knowledge and the high expense on feed may compel farmers to adopt less
expensive substitutes which may hamper the market growth.
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Nutrients in Animal Feed Market”
Global Nutrients
in Animal Feed Market is segmented based on nutrition type, animal type,
source, and region.
Based on nutrition
type, the market is categorized as Proteins, Vitamins, Amino acids, enzymes,
acidifiers, antibiotics, and antioxidants. The Proteins segment is expected to hold the largest
market share in the forecast period, 2024-2028. This is due to the increasing
awareness about muscle gain and weight loss.
Based on animal
type, the market is categorized as poultry, cattle, fish, and
others. The Poultry
segment is expected to hold the largest market share in the forecast period,
2024-2028. This is due to the high fiber and protein content in eggs and
chicken meat.
Based on source,
the market is categorized into corn, wheat, soyabean meal, fish, oats, alfalfa,
and others. Soyabean meal
segment is expected to hold the largest market share in the forecast period,
2024-2028. This is due to its low cost and high nutritional value.
Major companies
operating in the global Nutrients in Animal Feed Market are:
- BASF SE
- Ingredion Inc
- Barentz, Cargill Inc
- Altech Corp
- DSM N.V
- Kerry Group
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“The
Asia Pacific region is expected to grow at the highest rate during the forecast
period due to the existence of significant market players, rising demands for animal-based
products such as meat, eggs, milk and dairy based products. Additionally,
acquisition of environment friendly approaches while considering life cycles of
the ecosystem are expected to create lucrative opportunities for the market
growth. Furthermore, flourishing food industries which increases the demand for
nutrients in animal feed create huge prospects of market
growth during the forecast period,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
“Nutritional Ingredients
in Animal Feed Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028 Segmented By Nutrition Type (Proteins, Vitamins, Amino acids,
Enzymes, Acidifiers, Antibiotics, Antioxidants), By Animal Type (Poultry,
Cattle, Fish, Others), By Source (Corn, Wheat, Soyabean meal, Fish, Oats,
Alfalfa, Others) By Region, and Competition, has evaluated the future
growth potential of Global Nutrients in Animal Feed Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision-makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Global Nutritional Ingredients in Animal
Feed Market.”
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