Nutritional Ingredients in Animal Feed Market Projected to Reach US$ 641.3 Mn by 2029

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Nutritional Ingredients in Animal Feed Market

• April 2020

Report Id REP-GB-11090 Published On Feb
24,2020 Category Food and Beverages
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Nutritional Ingredients in Animal Feed Market
Analysis
The global nutritional ingredients in animal
feeds market is projected to reach a valuation of
US 641.3 Mn in 2029, with a forecasted growth of
4 CAGR during 2019 - 2029. As indicated by a new
study by Future Market Insights (FMI), the market
is receiving impetus from the rising per capita
consumption of meat products in developing
regions, and the consequent expansion of the
livestock industry. "North America is set to
emerge as a lucrative market for nutritional
ingredients in animal feed. The growth of
consumer awareness, and a higher per-capita
income, supports the rise of the market," opines
the Future Market Insights study.
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Nutritional Ingredients in Animal Feed Market
Analysis

• Key Research Findings of FMI's Nutritional
  Ingredients in Animal Feeds Market Study
• Soybean meal in animal feeds will continue to
  account for a majority of the market revenue.
• Key players are expected to invest in the
  development of new microbial strains to bolster
  immune function in animals and attain an edge on
  the competition.
• North America continues to lead the global
  market, owing to a major livestock industry.
• Europe and Latin America will display steady
  growth with rising demand for animal products.

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Nutritional Ingredients in Animal Feed Market
Analysis

• Key Growth Drivers - Nutritional Ingredients in
  Animal Feeds Market
• Expansion of the livestock feed industry and
  aquaculture in developing countries is driving
  the growth of nutritional ingredients in the
  animal feeds market.
• Rising per capita meat consumption figures is a
  key factor shaping popularity of nutritional
  ingredients in animal feeds market.
• Restrictions on the use of antibiotics and
  growing awareness about animal health among pet
  owners broadens their scope of adoption.
• Key Impediments - Nutritional ingredients in
  animal feeds Market
• High costs related to the production and sale of
  animal feeds in different countries continues to
  be a major restraint for the growth of the
  nutritional ingredients in animal feeds market.
• Lack of awareness among a large number of
  potential end users will remain a key impediment
  facing manufacturers of nutritional ingredients
  in animal feeds.

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Nutritional Ingredients in Animal Feed Market
Analysis
Competition Structure Analysis - Nutritional
Ingredients in Animal Feeds Market Competition
landscape of the global nutritional ingredients
in animal feeds market will primarily remain
influenced by investments in vertical integration
of businesses to fend off competition. Chinese
companies in particular have been displaying high
levels of competitiveness. Smaller companies and
venture capitalists will be seen as one stop
solutions for consumers to gain an edge over the
competition. The development of novel microbial
strains and a widening product portfolio marks a
significant trend that would shape up the
competition in the near future. Some of the key
participants in global nutritional ingredients in
animal feeds market that are profiled in this
Future Market Insights' report, which include but
are not limited to, Altech Corp., BASF SE,
Barentz, and Ingredion Inc. Press Release
Source https//www.accesswire.com/580105/Nutritio
nal-Ingredients-in-Animal-Feeds-to-Account-for-US-
6413-Mn-by-2029-Wheat-and-Soybean-Meals-to-Remain-
Bestselling-on-Back-of-Demand-from-Asia-Forecasts-
Future-Market-Insights
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Nutritional Ingredients in Animal Feed Market
Analysis

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Nutritional Ingredients in Animal Feed Market
Analysis
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Nutritional Ingredients in Animal Feed Market
Analysis
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