Global Animal Nutrition Chemicals Market to Reach US$ 17.8 Billion by 2032, Stimulated by Increasing Prevalence of Livestock Diseases

According to the latest report by IMARC Group, titled “Animal Nutrition Chemicals Market Report by Product Type (Amino Acid, Vitamin, Mineral, Enzyme, Fish Oil and Lipid, Carotenoid, Eubiotics, and Others), Species (Poultry, Swine, Ruminant, Pet, and Others), Application (Animal Food Manufacturer, Farm, Household, Veterinarian, and Others), and Region 2024-2032,” the global animal nutrition chemicals market size reached US$ 11.5 Billion in 2023. Animal nutrition chemicals are specialized compounds specifically designed to enhance animals' overall health, growth, and productivity. These chemicals encompass essential vitamins, minerals, amino acids, and enzymes that cater to the distinct dietary needs of livestock and other animals. Their primary role is to ensure that animals receive a balanced and comprehensive diet, promoting optimal growth and well-being and producing high-quality animal-derived products, such as meat, milk, and eggs. In the broader industrial and agricultural context, the use of animal nutrition chemicals is pivotal to achieving sustainable livestock farming, ensuring that the output meets global food safety and quality benchmarks. Their utilization reflects an amalgamation of science and agriculture aimed at enhancing the overall quality of animal farming and its products.

Global Animal Nutrition Chemicals Market Trends:

The rise in global demand for high-quality animal-derived products is acting as a primary catalyst for the market. As consumers globally become more health-conscious, there is a heightened emphasis on the nutritional content and safety of the food consumed. This trend is propelling livestock producers to adopt nutrition chemicals to ensure product quality and safety. Along with this, the accelerating global population necessitates an efficient and sustainable approach to animal farming, further driving the demand for these specialized chemicals. Another pivotal factor amplifying market growth is the growing awareness and need for preventing diseases in livestock, given that healthier animals invariably lead to safer food products. In confluence with this, innovations in the industry are also evident. Furthermore, the introduction of eco-friendly and sustainable animal nutrition chemicals that have a minimal environmental impact is gaining traction. Such advancements cater to the livestock's immediate nutritional requirements and align with the global movement towards sustainable and responsible farming, creating a positive market outlook. Looking forward, the market value is projected to reach US$ 17.8 Billion by 2032, expanding at a CAGR of 4.8% during 2024-2032.

Market Summary:

• Based on the product type, the market has been segmented into amino acid, vitamin, mineral, enzyme, fish oil and lipid, carotenoid, eubiotics, and others.
• On the basis of the species, the market is segregated into poultry, swine, ruminant, pet, and others.
• Based on the application, the market has been segmented into animal food manufacturer, farm, household, veterinarian, and others.
• Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
• The competitive landscape of the market has also been examined, with some of the key players being Aumgene Biosciences Pvt. Ltd., Balchem Corporation, BASF SE, Cargill Incorporated, Evonik Industries AG (RAG-Stiftung), Kemin Industries Inc., Koninklijke DSM NV, Novozymes A/S A and Tata Chemicals Limited.

Report Scope:

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