Asia-Pacific non-protein nitrogen market size is expected to reach USD 0.64 billion in 2024 and reach USD 0.84 billion by 2029, growing at a CAGR of 5.41% from 2024 to 2029.
The Non-Protein nitrogen market is showcasing significant potential in the mentioned forecast period. The market continues to build up momentum with the upcoming advancements in technology in emerging economies around the globe.
Non-protein nitrogen is a vast term in animal nutrition used to refer to a bunch of components such as urea, ammonia, and others, which are not actually proteins but can be converted into one by the action of microbes in ruminant stomach.
The rising demand for animal products has been fuelling the growth of the non-protein nitrogen market in recent years. Further, other factors driving the market growth include growth in the dairy industry, increase in meat consumption, rise in cattle population, ease of availability, cost efficiency, and R&D in the animal feed industry. Besides these, there are factors holding the market back, like stringent government regulations, toxicity in ruminants, and causes of non-protein nitrogen toxicity.
The cattle sector accounted for the greatest market share based on livestock due to the rise in production of cattle meat in recent years and is expected to show even further growth.
On the basis of geography, the Asia-Pacific market is analysed under various regions namely China, India, Australia, Japan and South Korea.
The major companies dominating the market share include Archer Daniels Midland Company, Alltech Inc., Yara International ASA, Petróleo Brasileiro S.A., Borealis AG, The Potash Corporation of Saskatchewan Inc., Incitec Pivot Limited, Skw Stickstoffwerke Piesteritz GmbH, Fertiberia SA, Antonio Tarazona SL.
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