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Acids & Nutrients In Animal Nutrition Market – Largest Industry Share In The Coming Years
With the growing opportunities in the pork, meat, beef, and milk industries, the concept of animal feed is converting to animal nutrition. It is estimated that in coming years the concept will be transformed completely. The manufacturers are realizing the importance of serving animals with essential nutrients as it strengthens the immune system of animals, improves their health., This increases the productivity of the animals, which eventually increases revenue in the acids & nutrients in animal nutrition market. The changing consumer patterns that result in the growth of non-vegetarian food that includes, meat, chicken, sea food and others forms a major share in the revenue generated by animal feed manufacturers. Although the relation is indirect and there are various stages in the value chain, the profit share goes to animal feed manufacturers as the market is controlled by them. Feed acids and nutrients form a part of animal feed and almost all the animal feed manufacturers are into manufacturing nutrients as well. The increasing demand for animal products is leading the animal manufacturers to contribute into the animal nutrition segment as well.
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The report majorly focuses on various types of nutrients & acids such as proteins, minerals, vitamins, amino acids, carbohydrates, organic acids, fibers and rest are categorized under others. The availability of various types of nutrients in the market helps the manufacturers to provide animals with essential nutrients and helps to prevent various diseases. The application segments in the report include ruminant, poultry, aqua, swine, and equine. The growth in the application market is also a reason behind the growth in the acids and in animal nutrition market. The application market grows because of reasons such as increasing end-use industry, increasing animal population, among others.
Source: MarketsandMarkets Analysis
The above figure showcases the ratio of each type of nutrient in the overall revenue that is estimated to reach $14.1 billion by 2019. The amino acids segment is estimated to acquire the largest share in 2014 and is projected to have the highest share in 2019 as well. The amino acids segment acquires the largest share due its widespread applications and capability to be used as protein and functions of protein.
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