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The Global Animal Nutrition Market to
witness growth at 5.18% CAGR by 2028
Triton Market Research presents the Global Animal Nutrition Market report segmented by Product Type
(Minerals, Enzymes, Carotenoids, Fish Oils & Nutrition Lipids, Vitamins, Amino Acids, Eubiotics, Other
Product Types), Species (Pets, Ruminants, Poultry, Swine, Other Species), Application (Animal Feed
Manufacturers, Farms, Households, Veterinarians, Other Application), and by Geographical Region (North
America, Europe, Asia-Pacific, Latin America, Middle East and Africa), discussing Market Definition, Key
Insights, Drivers, Restraints, Opportunities, Challenges, Porter’s Five Forces Analysis, Pestel Analysis,
Market Attractiveness Index, Company Profiles, Research Methodology & Scope, Global Market Size,
Forecasts & Analysis (2019-2028).
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As per a Triton Market Research report, the Global Animal Nutrition Market is progressing at a CAGR of
5.18% during the forecast period (2019-2028). Animal nutrition products are given to animals to improve
their health. They are mainly used to boost the animals’ immune system, increase the production of
livestock, and enhance pet healthcare. Nutrition deficiency in animals has caused livestock farmers to
incur huge losses. Therefore, the adoption of animal nutrition products has been of significant help to
The increase in disposable income is a key factor that has driven the consumption of animal-based
products. Therefore, the increasing disposable income, along with the surge in the demand for meat &
animal-based food products, has created immense opportunities for market growth. On the other hand,
rising environmental challenges pose a threat to the animal nutrition market growth.
The Asia-Pacific is estimated to grow the fastest during the forecast period. The region is also expected to
account for the highest share in the global market for animal nutrition. The APAC is the world’s largest
animal feed producer, which has greatly helped the growth of this market. India, China, and Japan are the
major feed producers. In addition, the growing production of swine feed in countries like Indonesia &
Vietnam is expected to positively impact the growth of the animal nutrition market in this region.
Nutrien Ltd, Novozymes, Cargill Incorporated, Elanco, DSM, Balchem Inc, Alltech, Kemin Industries Inc,
Evonik Industries AG, Church & Dwight Co Inc, BASF SE, SHV, and Tata Chemicals Ltd are the renowned
players in this industry. The animal nutrition market is highly capital-intensive and requires high-level R&D
expertise. A few international players dominate the major part of the industry, given the popularity of
their brands. This is a major concern for new players wanting to enter this market. However, countries
like China, Brazil, India, and Russia represent large untapped markets. Setting foot in these markets will
help these new entrants to gain a large consumer base.
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