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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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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