Selbyville, Delaware, The Global Animal Nutrition Market Report provides Insightful information to the clients enhancing their basic leadership capacity identified with the global Animal Nutrition Market business, including market dynamics, segmentation, competition, and regional growth. The strategy of expansion has been adopted by key players who are increasing their production capacities to cater to the increasing demand for various applications. Global market for animal nutrition to proliferate with a CAGR of 5.18% in the forecast years 2019-2028.
The industrialization of livestock, coupled with the high demand for animal nutrition products, is driving the growth of the global market. Further, there has been an upsurge in demand for meat and other such food products, which provides lucrative opportunities for market growth. Additionally, with the rise in people?s disposable incomes, they are spending largely on consuming meat, as well as buying top-notch nutritional products for their pets. This is immensely aiding the animal nutrition market growth.
However, animal nutrition products can be costly, owing to which, there is limited adoption. Another issue plaguing the market growth is the wide distribution of counterfeits. Moreover, these are priced at relatively lower rates, and hence, they find many takers. However, their consumption can have adverse effects on the body. In addition, the rising environmental challenges also pose a major threat to the growth of the global market for animal nutrition.
The global animal nutrition market encompasses the regions of Europe, the Asia-Pacific, North America, Latin America, and the Middle East and Africa.
The Asia-Pacific region holds the largest share in the global market. Besides, it is also the fastest-growing market for animal nutrition across the world. The region produces the largest amount of animal feed globally, which plays a crucial role in the rising demand for the use of animal nutrition products. Further, the growing production of swine feed in nations like Vietnam and Indonesia is expected to influence positive growth in the regional market over the next eight years.
The prominent companies in this market include SHV, Elanco, Cargill Incorporated, Kemin Industries Inc, Nutrien Ltd, DSM, Church & Dwight Co Inc, BASF SE, Balchem Inc, Alltech, Evonik Industries AG, Novozymes, and Tata Chemicals Ltd.
Elanco is engaged in manufacturing animal feed and animal nutrition food products for animal health across the globe. The company caters to a diverse set of customers, ranging from veterinary doctors to food producers, and other entities in the animal health industry. Elanco is a division of Eli Lilly and Company. Over 35 of its animal health & agricultural products have received approval in more than 80 nations.
TABLE OF CONTENTS
- IMPACT OF COVID-19
- KEY INSIGHTS
- PORTER’S FIVE FORCE ANALYSIS
- THREAT OF NEW ENTRANTS
- THREAT OF SUBSTITUTE
- BARGAINING POWER OF BUYERS
- BARGAINING POWER OF SUPPLIERS
- THREAT OF COMPETITIVE RIVALRY
- KEY MARKET STRATEGIES
- MARKET OUTLOOK – BY PRODUCT
- MARKET OUTLOOK – BY APPLICATION
- MARKET – REGIONAL OUTLOOK
- COMPETITIVE LANDSCAPE
- RESEARCH METHODOLOGY & SCOPE
- RESEARCH SCOPE & DELIVERABLES
- RESEARCH METHODOLOGY
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