North America Animal Nutrition Market, By Type (Amino Acids, Enzymes, Carotenoids, Fiber, Antioxidants, Eubiotics, Lipids, Fatty Acids, Medicated Feed Additives, Minerals, Vitamins, and Others), Feed Type (Poultry Feed, Swine Feed, Ruminant Feed, Pet Food, and Others), End User (Feed Manufacturers, Veterinarians, Pet Food Manufacturers, Livestock Farmers, and Others), Country (U.S., Canada, Mexico) Industry Trends and Forecast To 2028
Market Analysis and Insights: North America Animal Nutrition Market
The animal nutrition market is expected to gain significant growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyzes that the market is growing with a CAGR of 5.6% in the forecast period of 2021 to 2028 and is expected to reach USD 6,611.32 million by 2028. Limited availability of fresh blood and its short life span coupled with increasing demand for blood transfusion and increased funding for development of blood substitutes act as a driver for the North America animal nutrition market growth.
Animal nutrients refer to animals' dietary needs, including minerals, enzymes, eubiotics, macronutrients, amino acids, and vitamins, essential in efficient meat and milk production, proper bone structures, and reproduction. The study of the composition and characteristics of the material consumed by the animal and how the feed material is metabolized (converted, utilized, and excreted) in the digestive tract and body cells of monogastric animals (pigs, broilers, layers), ruminants (sheep, cattle, goats), and lower digestive tract fermenters (horses, ostriches), is known as animal nutrition. The information from this study is incorporated into an economically feasible and practical system of animal nutrition to ensure that animals achieve their maximum genetic production potential. It mainly focuses on the dietary nutrient needs of animals, primarily those in agriculture and food production, zoos, aquariums, and wildlife management.
North America Animal Nutrition Market Scope and Market Size
The North America animal nutrition market is segmented based on type, feed type, and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the North America animal nutrition market is segmented into amino acids, enzymes, carotenoids, fiber, antioxidants, eubiotics, lipids, fatty acids, medicated feed additives, minerals, vitamins, and others. In 2021, the medicated feed additives segment is expected to dominate the market due to the rising awareness regarding the use of feed additives to maintain the health of animals.
- On the basis of feed type, the North America animal nutrition market is segmented into poultry feed, swine feed, ruminant feed, pet food, and others. In 2021, the poultry feed segment is expected to dominate the market due to rising demand for poultry and its products across the world.
- On the basis of end user, the North America animal nutrition market is segmented into feed manufacturers, veterinarians, pet food manufacturers, livestock farmers, and others. In 2021, the feed manufacturers segment is expected to dominate the market due to rising demand for nutritional products among customers to maintain the health and wellbeing of animals.
North America Animal Nutrition Market Country Level Analysis
The North America animal nutrition market is analyzed and market size information is provided based country, type, feed type, and end user as referenced above. The countries covered in the North America animal nutrition market report are the U.S., Canada, and Mexico.
Type segment in the U.S. is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 owing to growing animal feed production in the country. The type segment in Mexico is growing owing to growing production of meat is boosting the growth of animal feed to enhance the health of animals. Canada is expected to grow in the type segment owning to high availability of raw material for animal feed products in the country.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growing Strategic Activities by Major Market Players to Enhance Awareness for Benefits of Animal Nutrition is Boosting the Market North America Animal Nutrition Market
The North America animal nutrition market also provides you with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2010 to 2019.
Competitive Landscape and North America Animal Nutrition Market Share Analysis
North America animal nutrition market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to North America animal nutrition market.
Some of the major companies which are dealing in the Animal Nutrition Cargill,
- Kemin Industries, Inc.,
- Phibro Animal Health Corporation,
- Mercer Milling Company, Inc.,
- Rossari Biotech Limited,
- Aries Agro Limited,
- Avitech Nutrition Pvt. Ltd.,
- Advanced Enzyme Technologies,
- Glanbia plc,
- DuPont (IFF Nutrition & Biosciences),
- Zinpro Corp.,
- NOVUS INTERNATIONAL,
- Bluestar Adisseo Co., Ltd.,
- Balchem Inc.,
- Vetoquinol S.A.,
- EW Nutrition,
- BASF SE,
- Chr. Hansen Holding A/S,
- Brenntag Latvia,
- SIA, and
among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Major TOC of the Report
- MARKET SEGMENTATION
- MARKET OVERVIEW
- EXECUTIVE SUMMARY
Get TOC of the Report:- https://www.databridgemarketresearch.com/toc/?dbmr=north-america-animal-nutrition-market
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