The Asia-Pacific acids and nutrients in animal nutrition market size is expected to reach USD 2.82 billion in 2024 and reach USD 3.83 billion by 2029, growing at a CAGR of 6.29% from 2024 to 2029.
Asia-Pacific has the highest share of the market. The availability of amino acids and their cost in the Asia-Pacific region is the reason for the market’s highest growth.
The manufacturers of animal feed have begun providing feed with nutrition to the animals, which are rich in nutrients, acids, and proteins. This is mainly because of the fact that a High demand for meat and milk is expected. All these sectors are empowering the manufacturers of feed which have high nutrition valves such that the animals are safe and healthy. The feeds that are major in the market are swine feeds, ruminants, and poultry. There also exists small shares of equine and aquatic feeds.
The increase in the awareness of the quality of animal feed for domestic animals and the requirements of nutrition value for the animals are the drivers for Acids and Nutrients in the animal nutrition market. The increase in the use of animal feed is expected to have a good impact on the growth of the market in the future. Growth in the meat and milk sectors is showing an impact on the manufacturers of feeds to give more quality feeds that are rich in nutrients and acids. Hence adding to the growth of the market. High-nutrition feeds promise good health to the animals and protect them from endemic diseases. Using amino acids has its own benefits. Huge volume requirements for cattle feed are the major driving factor for the market. High development can be seen in aquaculture for the nutrition and health maintenance of the animals in water because of the large human consumption of aquatic animals like fish and others that are highly helping in the growth of the market.
Amino acids are the major segment that contributes to the growth of the market.
Ruminants are to dominate the market and are expected to continue in the following years.
Some of the major companies dominating the market, by their products and services Adisseo France S.A.S, Archer Daniels Midland Company, BASF SE, Cargill Incorporated, Charoen Pokphand Foods Pcl., Royal DSM N.V., Evonik Industries Ag, and Nutreco N.V., Alltech, Novus International Inc.
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