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The rising cases of zoonotic diseases to boost Animal Nutrition Market growth

 


Market Overview:

Animal nutrition refers to the nutritional necessities of food-production, companion, or service animals. It is the kind of making or design of feed for animals that make food such as milk or meat or nonfood substances. Nutrients are materials in feed that are utilized by the animal for growth and manufacture.

Competitive Landscape:

Key players involved in the global animal nutrition market are Tata Chemicals, Archer-Daniels-Midland Company, Dow Chemical Company,Evonik Industries AG, Adisseo France SAS, Royal DSM N.V., Kemin Industries, Inc.,  Alltech, BASF SE, Cargill Inc., DuPont, Novozymes A/S, and Nutreco N.V. 

Market Key Drivers:

The rising cases of zoonotic diseases is expected to propel the growth of global animal nutrition market. For instances, as per WHO, around one billion cases of illness and one million cases of fatalities occur due to zoonoses annually.

Increasing demand for safe and nutritious food for animals is anticipated to drive the growth of global animal nutrition market. For instance, as per FAO, necessity for animal derived-protein would double by 2050.

Covid-19 Impact Analysis:

The Covid-19 outbreak has adversely affected the growth of global animal nutrition market owing to the strict lockdown and restrictions imposed by the government. The closure of manufacturing units and the disruption in the supply chain acted as a limitation in the market growth.

Key Takeaways:

The global animal nutrition market is anticipated to exhibit a CAGR of XX % during the forecast period owing to change in requirements of nutrients by the animals. For instance, older animals might have health issues related to aging, which needs varied nutritional requirement such as mineral and vitamin additions. 

Among regions, North America, Europe and Asia Pacific are expected to witness robust growth in the global animal nutrition market due to product expansions, approvals and launches. For instance, in July 2022, the Nutrition & Health Division of BASF was expanding its place as an ingredients collaborator for animal nutrition and human nutrition companies.

 

 

 

 

 

 

 

 

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