- Amino Acids
- Carotenoids
- Enzymes
- Eubiotics
- Fish Oils and Nutrition Lipids
- Minerals
- Vitamins
- Other product types
Animal Nutrition Market size was valued at USD 12.4 billion in 2023 and is expected to grow at a CAGR of 6.2% from 2024-2030. According to the United Nations Food and Agriculture Organization, the world population will exceed 9 billion by 2050, posing food difficulties. pet food security is a crucial goal due to the depletion of arable land as a result of industrialization, and animal products are one of the most important ways to achieve it. Economic growth has put pressure on the livestock sector to produce more efficiently with limited resources while also supporting almost 1.3 billion people's income and food security.
Industry trends in the market are evolving, which will aid players in developing successful long-term strategies. Both established and emerging markets have implemented business growth techniques. COVID-19 is an unprecedented worldwide public health crisis that has impacted practically every business, and its long-term repercussions are expected to have an influence on industry growth during the projection period. Our continuous study is enhancing our research approach to guarantee that fundamental COVID-19 concerns and potential solutions are included. The research examines COVID-19 in light of changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, market dynamics, and government involvement. The Animal Nutrition Market report considers the influence of COVID-19 on the market and includes insights, analysis, projections, and predictions.
Animal Nutrition Market Key Developments:
- In August 2014, BASF Animal Nutrition launched glycinates product line includes iron, copper, zinc and manganese.
- In November 2013, Cargill Animal Nutrition introduced PROMOTE, new brand for feed additives
Animal Nutrition Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
6.2%
Largest Market
Asia Pacific
Fastest Growing Market
North America
Animal Nutrition Market Dynamics
Surge in population, adoption of the pets, rise in care and concern of the animals health is witnessed to rise in demand for nutritious animal feed. Increasing demand for chicken across the globe, rising poultry farms are expected to create demand for animal nutrition. The trend towards the protein lean animal diet, rise in consumption of meat, poultry and dairy products around the world is expected to stipulate the growth of market. On the other side, rise in the cost of feed, limited awareness is expected to hinder the growth of the market.
Asia-Pacific Got Significant Share
Animal Nutrition Market Regional Analysis
The market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The Animal Nutrition market is dominated by Asia Pacific owing to increase in consumption of meat, poultry and dairy products. Rapid economic growth, increase in exports of meat, surge in disposable incomes, favorable government policies to enhance the poultry, cattle are expected to trigger demand for the market. Brazil is expected to show significant gains over the forecast period owing to rise in capacity of spending, increased demand for the meat, poultry.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019 to 2023) and forecast (2024 to 2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Animal Nutrition Market Segmentation
By Type
By Species
- Pets
- Poultry
- Ruminants
- Swine
- Other Species
By Application
- Animal Feed Manufacturers
- Farms
- Households
- Veterinarians
- Other Applications
Frequently Asked Questions
The animal nutrition market size was valued at USD 12.4 billion in 2023 and is expected to grow at a CAGR of 6.2% from 2024-2030
Cargill, Inc. (U.S.), Adisseo France S.A.S (France), Archer Daniels Midland Co. (US), Bactolac Pharmaceutical, Inc. (US), BASF SE (Germany)
Asia Pacific is the fastest-growing region for animal nutrition market
| 1. Executive Summary |
| 2. Global Animal Nutrition Market Introduction |
| 2.1. Global Animal Nutrition Market Taxonomy |
| 2.2. Global Animal Nutrition Market Definitions |
| 2.2.1. Product |
| 2.2.2. Species |
| 2.2.3. Application |
| 3. Global Animal Nutrition Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Animal Nutrition Market Dynamic Factors - Impact Analysis |
| 3.6. Global Animal Nutrition Market Competition Landscape |
| 4. Global Animal Nutrition Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Animal Nutrition Market, By Product, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Amino Acids |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Carotenoids |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Enzymes |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Eubiotics |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Fish Oils and Nutrition Lipids |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Minerals |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Vitamins |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 5.8. Other Product Types |
| 5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.8.3. Market Opportunity Analysis |
| 6. Global Animal Nutrition Market Forecast, By Species, 2019 - 2023 and Forecast, 2024 - 2030 |
| 6.1. Pets |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Poultry |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Ruminants |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Swine |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Other Species |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. Global Animal Nutrition Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. Animal Feed Manufacturers |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Farms |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Households |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Veterinarians |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Other Applications |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. Global Animal Nutrition Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Animal Nutrition Market - Opportunity Analysis Index, By Product, Species, Application, and Region, 2024 - 2030 |
| 9. North America Animal Nutrition Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Amino Acids |
| 9.1.2. Carotenoids |
| 9.1.3. Enzymes |
| 9.1.4. Eubiotics |
| 9.1.5. Fish Oils and Nutrition Lipids |
| 9.1.6. Minerals |
| 9.1.7. Vitamins |
| 9.1.8. Other product types |
| 9.2. Species Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Pets |
| 9.2.2. Poultry |
| 9.2.3. Ruminants |
| 9.2.4. Swine |
| 9.2.5. Other Species |
| 9.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Animal Feed Manufacturers |
| 9.3.2. Farms |
| 9.3.3. Households |
| 9.3.4. Veterinarians |
| 9.3.5. Other Applications |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. U.S. |
| 9.4.2. Canada |
| 9.5. North America Animal Nutrition Market - Opportunity Analysis Index, By Product, Species, Application, and Country, 2024 - 2030 |
| 9.6. North America Animal Nutrition Market Dynamics – Trends |
| 10. Europe Animal Nutrition Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 10.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Amino Acids |
| 10.1.2. Carotenoids |
| 10.1.3. Enzymes |
| 10.1.4. Eubiotics |
| 10.1.5. Fish Oils and Nutrition Lipids |
| 10.1.6. Minerals |
| 10.1.7. Vitamins |
| 10.1.8. Other product types |
| 10.2. Species Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Pets |
| 10.2.2. Poultry |
| 10.2.3. Ruminants |
| 10.2.4. Swine |
| 10.2.5. Other Species |
| 10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Animal Feed Manufacturers |
| 10.3.2. Farms |
| 10.3.3. Households |
| 10.3.4. Veterinarians |
| 10.3.5. Other Applications |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Poland |
| 10.4.8. Rest of Europe |
| 10.5. Europe Animal Nutrition Market - Opportunity Analysis Index, By Product, Species, Application, and Country, 2024 - 2030 |
| 10.6. Europe Animal Nutrition Market Dynamics – Trends |
| 11. Asia-Pacific Animal Nutrition Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 11.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Amino Acids |
| 11.1.2. Carotenoids |
| 11.1.3. Enzymes |
| 11.1.4. Eubiotics |
| 11.1.5. Fish Oils and Nutrition Lipids |
| 11.1.6. Minerals |
| 11.1.7. Vitamins |
| 11.1.8. Other Product Types |
| 11.2. Species Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Pets |
| 11.2.2. Poultry |
| 11.2.3. Ruminants |
| 11.2.4. Swine |
| 11.2.5. Other Species |
| 11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Animal Feed manufacturers |
| 11.3.2. Farms |
| 11.3.3. Households |
| 11.3.4. Veterinarians |
| 11.3.5. Other Applications |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Animal Nutrition Market - Opportunity Analysis Index, By Product, Species, Application, and Country, 2024 - 2030 |
| 11.6. Asia-Pacific Animal Nutrition Market Dynamics – Trends |
| 12. Latin America Animal Nutrition Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Amino Acids |
| 12.1.2. Carotenoids |
| 12.1.3. Enzymes |
| 12.1.4. Eubiotics |
| 12.1.5. Fish oils and Nutrition lipids |
| 12.1.6. Minerals |
| 12.1.7. Vitamins |
| 12.1.8. Other product types |
| 12.2. Species Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Pets |
| 12.2.2. Poultry |
| 12.2.3. Ruminants |
| 12.2.4. Swine |
| 12.2.5. Other Species |
| 12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Animal Feed Manufacturers |
| 12.3.2. Farms |
| 12.3.3. Households |
| 12.3.4. Veterinarians |
| 12.3.5. Other Applications |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Animal Nutrition Market - Opportunity Analysis Index, By Product, Species, Application, and Country, 2024 - 2030 |
| 12.6. Latin America Animal Nutrition Market Dynamics – Trends |
| 13. Middle East and Africa Animal Nutrition Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 13.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Amino Acids |
| 13.1.2. Carotenoids |
| 13.1.3. Enzymes |
| 13.1.4. Eubiotics |
| 13.1.5. Fish Oils and Nutrition Lipids |
| 13.1.6. Minerals |
| 13.1.7. Vitamins |
| 13.1.8. Other Product Types |
| 13.2. Species Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Pets |
| 13.2.2. Poultry |
| 13.2.3. Ruminants |
| 13.2.4. Swine |
| 13.2.5. Other Species |
| 13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Animal feed manufacturers |
| 13.3.2. Farms |
| 13.3.3. Households |
| 13.3.4. Veterinarians |
| 13.3.5. Other Applications |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Animal Nutrition Market - Opportunity Analysis Index, By Product, Species, Application, and Country, 2024 - 2030 |
| 13.6. MEA Animal Nutrition Market Dynamics – Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Species & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Evonik |
| 14.2.2. Novus International |
| 14.2.3. CJ Group |
| 14.2.4. DSM |
| 14.2.5. Trouw Nutrition |
| 14.2.6. Alltech |
| 14.2.7. BASF |
| 14.2.8. Kemin Industries |
| 14.2.9. Sumitomo Chemical |
| 14.2.10. Global Bio-Chem |
| 14.2.11. ADM |
| 14.2.12. Biomin |
| 14.2.13. Novozymes |
| 14.2.14. Lonza |
| 14.2.15. DuPont |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
- Nutreco N.V. (The Netherlands)
- Cargill, Inc. (U.S.)
- Koninklijke DSM N.V. (The Netherlands)
- Archer Daniels Midland Company (U.S.)
- InVivo Nutrition Et Sante Animales (France)
- Adisseo France S.A.S (France)
- Archer Daniels Midland Co. (US)
- Bactolac Pharmaceutical, Inc. (US)
- BASF SE (Germany)
- DSM Nutritional Products Ltd. (Switzerland)