05 November 2020
Visiongain has published a new report on Acid & Nutrient in Animal Nutrition Market Report : Forecasts by Type (Vitamin, Minerals, Protein, Carbohydrates and Others), by Application (Ruminant Feed, Poultry Feed, Aquatic Feed and Others), PLUS Profiles of Leading Acid & Animal Nutrition Manufacturing Companies and Regional and Leading National Market Analysis, PLUS COVID-19 Recovery Scenarios.
Global Acid And Nutrient In Animal Nutrition market was valued at US$ xx billion in 2020 and is projected to reach a market value of US$ xx billion by 2031. Growing animal feed use is a major factor driving the overall market growth of the acid and nutrition market. Further, increasing commercialization in the meat & milk industries is triggering the manufacturers to maintain the required nutrients and acid levels in the product.
COVID-19 Impact on Acid And Nutrient In Animal Nutrition Market
Different economies such as Southeast Asia are sustained by migrant workers. Protocols regarding stringent lockdown resulted in the shift of the migrant workers towards their home thereby leaving distribution, production, and supply chains severely affected. Major manufacturers operating in acid and nutrients are significantly affected by the reduced workforce. Further, port congestion, roadblocks, and disruptions in logistics have also resulted in negatively affected the overall market of acid and nutrients in animal nutrition.
Growing demand for quality feed
There is growing awareness regarding the quality of feed for the domestic animals as well as the nutrient requirements that are required for them is driving the demand for acid and nutrients in animal nutrition. The global livestock is under constant pressure owing to the rising amount of safety and requirement of an adequate diet. Poor nutrition not only affects the productivity of the animals but also their health and welfare. Further safety and proper quality of animal feed are also vital to prevent hazardous substances to enter the food chain.
Growth in the milk and meat industry
Growth in the milk and meat industry is also a major factor driving the demand for acid and nutrients in animal nutrition. There is increasing demand for milk products among the population across the globe owing to the rising population, rising health consciousness. Globally in 2018, the export of butter rose more than 7% in the countries such as the U.S, New Zealand, and India. Further, there was also a rise in poultry exports especially in countries such as Ghana, Vietnam, Angola among others
New Product Developments
New product developments are a major factor triggering the market growth of acid and nutrients in animal nutrition. For instance, in 2019, BASF introduced the new phytase Natuphos E to unlock the vital feed industry in Indonesia. The product delivers superior stability in the premixes during the harsh pelleting process up to 95°C pelleting temperature coupled with stability up to eighteen months. In addition to this, with the help of Natuphos E poultry better utilizes nutrients such as calcium, phosphorous, energy, and amino acids. The new enzymes are focussed on helping the healthy growth of animals and also reduces phosphorous emissions of phosphorous.
Some of the major companies operating in the market are Cargill Inc., BASF SE, Nutreco N.V., Adisseo France S.A.S., Evonik Industries Ag, Archer Daniels Midland Company, Royal DSM N.V., Novus International Inc., Charoen Pokphand Foods Pcl, among others. Several companies are engaging in new product launches and developments to gran greater customer attention. For instance, in 2019, Cargill revamped the animal nutrition division by shuffling the leadership and aligning the business units to maintain the double-digit growth rate.
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