Animal Nutrition Market (By Nutrient Type: Antioxidants, Eubiotics, Carotenoids, Fiber, Amino Acids, Enzymes, Medicated Feed Additives, Fatty Acids, Lipids, Minerals, Vitamins, Others; By Species: Poultry, Ruminant, Aquaculture, Swine, Others; By Application: Veterinarians, Animal Feed Manufacturers, Households, Farms, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032


Animal Nutrition Market Size and Companies

The global animal nutrition market size was valued at USD 22.18 billion in 2022 and it is expected to hit around USD 43 billion by 2032, poised to grow at a CAGR of 6.93% during the forecast period from 2023 to 2032.

Animal Nutrition Market Size 2023 To 2032

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Key Takeaways:

  • Asia Pacific generated more than 43% of the revenue share in 2022.
  • By Nutrient Type, the amino acids segment is predicted to lead the global market from 2023 to 2032.
  • By Species, the poultry segment is predicted to record the highest market share from 2023 to 2032.
  • By Application, the farms' segment is expected to generate the maximum market share between 2023 and 2032.

Animal Nutrition Market Overview:

To improve the nutritional value of feed and have a good effect on animal healthcare, animal nutrition other than materials like grains, crops, silage, and residue is added to feed. Livestock breeders are under a lot of pressure because of the always-increasing demand for meat from animals and products, which forces them to make sure that the productivity of their livestock increases. The consumer demand for meat and products related, and consumer knowledge of animal health issues is growing as well. Additionally, consumers' increased disposable money and the increasing nutritional needs of current animals are driving up the consumption of animal-based products. While the high cost of animal nutrition products and the environmental issues affecting livestock agriculture are anticipated to limit market expansion. On the other hand, growing market prospects will be brought about by manufacturers' increased investment in the feed sector during the anticipated time frame.

According to the United Nations, the population of the globe has increased by more than three times since the middle of the 20th century. In mid-November 2022, there were 8.0 billion people on the planet, up from 2.5 billion in 1950, 1 billion since 2010, and 2 billion since 1998. The population of the world is projected to rise by almost 2 billion people over the next 30 years, from the present 8 billion to 9.7 billion in 2050, with a potential peak of roughly 10.4 billion in the middle of the 1980s.

Animal Nutrition Market Scope

Report Coverage Details
Market Size in 2023 USD 23.52 Billion
Market Size by 2032 USD 43 Billion
Growth Rate from 2023 to 2032 CAGR of 6.93%
Largest Market Asia Pacific
Second Largest Market North America
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered By Nutrient Type, By Species, and By Application
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa


Animal Nutrition Market Dynamics:

Driver:

Increasing meat consumption across the globe

The increasing meat consumption across the globe is one of the major factors that propel the growth of the market over the forecast period. For instance, The Department of Agriculture, Fisheries and Forestry reports a 72% increase in Chinese meat consumption between 1998 and 2018. This rise was responsible for 34% of the rise in world consumption. The main reason for China's rising meat consumption has been population growth. Only 3% of the world's meat is consumed in Indonesia. However, between 1998 and 2008, Indonesia's meat consumption more than doubled as a result of both population increase and robust economic growth. The demand for meat imports increased globally as a result of rising Chinese consumption and land shortages in Indonesia. Thus, the growing meat consumption globally will drive market growth during the forecast period.

Restraints:

Health hazards

Many animal proteins include a lot of fat. This might make potential health problems worse. This includes cardiovascular disease, hypertension, and even insulin resistance. When animal proteins are taken in excess, this typically occurs. The production of uric acid is accelerated by animal proteins. Many animal proteins are more expensive to produce than plant proteins. Just one beef cow being grown for slaughter uses more than 5,000 gallons of water. For servings of beef, the amount of water needed is the same as for a year's worth of plant-based diets. Not all circumstances used to raise animals are morally ideal. Thus, these problems are impeding the market's expansion for animal nutrition.

Opportunities:

Increasing population

The world's population will increase by more than 30% by 2050 to over 9 billion people. The majority of this population growth will take place in developing nations. Urbanization will expand from its current 49 percent to roughly 70 percent of the global population at an accelerated rate. The current income levels will be multiplied by many. Food output must rise by 70% to feed this larger, more urban, and wealthier population. The yearly output of beef will need to increase by over 200 million tonnes to reach 470 million tons, while the annual production of cereal will need to increase from roughly 2.1 billion to 3 billion tonnes. Future demand for cattle products is expected to increase, although largely solely in developing economies. Thus, this is expected to provide a favorable opportunity for market expansion during the forecast period.

Nutrient Type Insights:

Based on the nutrient type, the global animal nutrition market is segmented into antioxidants, EU biotics, carotenoids, fiber, amino acids, enzymes, medicated feed additives, fatty acids, lipids, minerals, vitamins and others. The amino acids segment is expected to dominate the market during the forecast period. The primary constituent of an animal’s muscles and tissues, amino acids are the building blocks of proteins and polypeptides. In some fluids, like milk, amino acids play a significant role. Amino acids are essential for many crucial biochemical and metabolic processes in animal cells in addition to serving as the building blocks of body proteins. Therefore, amino acids play a key role in the productivity of farm animals and can considerably increase the profitability of a farm from growth through production and reproduction.

On the other hand, the enzymes segment is expected to grow at the highest CAGR over the projected period. Enzymes are used in the range of feedstuffs that can enhance flexibility in feed formulation by lowering or abolishing the restriction on the maximum amount of substances that can be included after incomplete digestion. Moreover, it decreased the variance in nutritional content across batches of components. Supplemental enzymes increase the value of poor samples and reduce the difference between samples of specific ingredients quality that are of good and poor quality. Therefore, the characteristics of these nutrient types are expected to fuel the segment growth over the projected period.

Species Insights:

Based on the species, the global animal nutrition market is divided into poultry, ruminant, aquaculture, swine, and others. The poultry segment is expected to capture the largest market share over the forecast period. The segment growth is owing to the necessity of healthy food products and strict rules and regulations for the diet habits of poultry animals. Moreover, the growing consumption of broiler chickens across the globe will provide enormous opportunities for market growth. For instance, as per American Feed Industry Association, about 60.8 million tons of broiler chickens were consumed in the United States in 2019. Thereby, driving segmental growth.

Application Insights:

Based on the application, the global animal nutrition market is divided into veterinarians, animal feed manufacturers, households, farms and others. The farms segment is expected to capture the largest market share over the forecast period. Animal nutrition is increasingly being used in farming, which is what is driving this segment's growth. Farm animals mostly need nutrition in numerous categories such as carbs, fiber, protein and more. The expansion of the market is being further fueled by the compounding advantages of animal nutrition in farms, such as improving animal temperament, simple breeding, and agriculture advantages.

Regional Insights:

The Asia Pacific is expected to dominate the market over the forecast period. The region is the largest animal feed producer with which China, Japan and India capture the largest market share. For instance, as per the Alltech survey 2021, China increased its tonnage of feed output by the most, by 8.9%, to 261.42 mmt. The country's feed industry continued consolidation and modernization was a major factor that contributed to this expansion. The use of professional feed mills has replaced the previous practice of using food waste in swine farms for feed manufacturing. The outcome was a rise in the tonnage of commercial feed, particularly due to the expansion and ongoing modernization of the pig industry. Besides, India was producing around 44.1 mmt in 2021. Thus, the aforementioned facts support the animal nutrition market in the region during the forecast period.

Animal Nutrition Market Share, By Region, 2022 (%)

North America is expected to capture the second-largest position in the animal nutrition market over the forecast period. The growth in the region is attributed to the presence of major players such as Cargill Inc., Alltech, ADM, Tyson Foods and others. The continuous innovative product launch by these key players is one of the most prominent reasons that propel the industry growth during the study timeframe. For instance, in November 2022, ADM announced the launch of two new sweetening feed options for piglets i.e. SUCRAM M’1 Sweet and SUCRAM Specifeek. These products are made to increase the palatability of feed for young animals, particularly weanling pigs. The use of palatants and sweeteners in nutrition is a beneficial way to boost animal health and welfare while also increasing feed intake and producer efficiency. Thus, the increasing product launch by the key players in the region is expected to offer potential opportunities for industry growth.

Europe is expected to grow at a significant rate over the forecast period. The growth in the region is attributed to the highest consumption of meat, fish, eggs and dairy products. For instance, according to secondary analysis, in 2019, the per capita consumption of meat in European countries was around 77.1 kg. Thus, the increasing consumption of meat will drive the growth of the animal nutrition market across the regions.

Recent Development:

  • In March 2023, on Jurong Island, Singapore, Evonik is raising its annual production capacity of MetAMINO® (DL-methionine) by 40,000 metric tons to about 340,000 metric tons. By the third quarter of 2024, the high double-digit million euro investment in this additional technological development is expected to attain its goal capacity. MetAMINO® manufactured in Singapore will have a 6% lower carbon footprint because of the proposed process improvement initiatives.
  • In February 2023, Evonik has a new plant-based product that it hopes will keep dairy cows, sows, and laying hens healthy. The product, which is called PhytriCare® IM, is made up of carefully chosen plant extracts with a high flavonoid concentration. Flavonoids are renowned for their ability to reduce inflammation. The product is now readily available across the EU.
  • In March 2023, the introduction of MyFeedPrint, an online environmental footprint service for animal feed products, was announced by Trouw Nutrition, a major supplier of cutting-edge animal nutrition solutions. The program is intended to provide transparency on the environmental impact of the livestock value chain by enabling farmers, feed manufacturers, and integrators to measure the environmental footprint of animal feed. A crucial step toward a more sustainable future for animal nutrition, Trouw Nutrition's simple solution enables feed producers to stay competitive by creating more environmentally optimized products and provides consumers with knowledge about the environmental impact of their food.
  • In April 2023, the deal between BASF and Schothorst Feed Research (SFR) has been signed, giving SFR some non-exclusive licensing rights to OpteinicsTM, BASF's digital tool for tracking the environmental impact of feed and animal protein. To offer a new dimension centered on sustainability to its Advanced Feed Package, SFR will incorporate the digital sustainability platform OpteinicsTM into its worldwide animal nutrition consultancy services. By working together, BASF and SFR will assist feed and animal producers in understanding and minimizing their environmental effects, helping to promote a more sustainably produced feed and animal protein.

Animal Nutrition Market Companies

  • Novus International
  • ADM
  • BASF
  • CJ Group
  • DSM
  • Meihua Group
  • Alltech
  • Evonik
  • Kemin Industries
  • Sumitomo Chemical
  • Global Bio-Chem
  • Adisseo
  • Lonza
  • Novozymes
  • Biomin
  • DowDuPont
  • Nutreco

Segments Covered in the Report:

By Nutrient Type

  • Antioxidants
  • EU biotics
  • Carotenoids
  • Fiber
  • Amino Acids
  • Enzymes
  • Medicated Feed Additives
  • Fatty Acids
  • Lipids
  • Minerals
  • Vitamins
  • Others

By Species

  • Poultry
  • Ruminant
  • Aquaculture
  • Swine
  • Others

By Application

  • Veterinarians
  • Animal Feed Manufacturers
  • Households
  • Farms
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Frequently Asked Questions

What is the animal nutrition market size?
The global animal nutrition market size is expected to increase USD 43 billion by 2032 from USD 22.18 billion in 2022.
What will be the CAGR of global animal nutrition market?
The global animal nutrition market will register growth rate of 6.93% between 2023 and 2032.
Who are the prominent players operating in the animal nutrition market?
The major players operating in the animal nutrition market are Novus International, ADM, BASF, CJ Group, DSM, Meihua Group, Alltech, Evonik, Kemin Industries, Sumitomo Chemical, Global Bio-Chem, Adisseo, Lonza, Novozymes, Biomin, DowDuPont, Nutreco, and Others.
Which are the driving factors of the animal nutrition market?
The driving factors of the animal nutrition market are the increasing meat consumption across the globe and growing consumption of poultry and pork.
Which region will lead the global animal nutrition market?
Asia Pacific region will lead the global animal nutrition market during the forecast period 2023 to 2032.

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