Global Animal Nutrition Market accounted for $13.8 billion in 2015 and is expected to grow at a CAGR of 6.5% to reach $21.4 billion by 2022. Growing demand for healthy and safe pet food, ban on antibiotics, rising awareness among the producers and increasing awareness about the pets health are the key factors fuelling the market growth. On the other hand, high price of the chemicals is limiting the market growth. Rapidly developing bio based chemicals are creating opportunities for the future growth of animal nutrition market.
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Amino acids segment holds the major share in global market due to its high protein efficiency content. Amino acid acts as alternative to feed protein sources dipping nitrogen emission and minimize greenhouse gas emissions. Eubiotics in other products segment is estimated to witnessing remarkable growth during the forecast period. By livestock, swine segment is likely to acquire the highest market share during the forecast period. Oral administration method has promising markets and is expected to witness the highest growth rate during the forecast period. North America is the major market for the animal nutrition owing to huge demand for nutritional products and rising pet population within this market
Some of the major players in the global market include Novozymes A/S, BASF SE, Royal DSM N.V., Nutreco N.V., Evonik Industries AG, Cargill Inc, DuPont, Dow Chemical Company, Alltech, Tata Chemicals, Kemin Industries, Inc., Archer-Daniels-Midland Company and Adisseo France SAS.
• Amino Acids
• Other Products
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Administration Methods Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o South Africa
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