ANIMAL NUTRITION MARKET Forecast 2019-2027
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The global animal nutrition market is expected to have a CAGR of 5.94% during the forecast years of 20192027.
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Animal nutrition’s are dietary supplements that offer health benefits for animals and in turn result in increased productivity and higher survival rates, as it boosts their immunities.
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The global animal nutrition market is segregated on the basis of product types, species, and applications.
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Animal nutrition is extensively used for various purposes. The sales of animal nutrition chemical products have increased among animal farmers owing to the unprecedented demand for meat which directly raises the firms’ sales.
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Another major application of animal nutrition is household pets. Increasing population of pets is also a major market driver.
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However, the high cost of animal nutrition and lowquality products are among a few factors that are hindering this market’s growth.
“Global animal nutrition market is expected to have a CAGR of 5.94% during the forecast years of 2019-2027.�
The North American animal nutrition market is poised to have a CAGR of 6.22% during the forecasted years of 2019-2027. The North American market will continue to escalate in terms of revenue and is expected to reach $ xx million by the end of 2027.
The European animal nutrition market is expected to have a CAGR of 4.78% during the forecast period of 20192027. The European region has been further segregated into geographies as the UK, Spain, Italy, France, Germany and the rest of Europe.
The expected CAGR of the Asia Pacific animal nutrition market is 6.35% during the forecast period of 2019-2027. The Asia Pacific market has been subdivided on the basis of countries as China, India, South Korea, Japan, Australia and the rest of the Asia Pacific.
Some of the key players in the global animal nutrition market are Agrium Inc., Alltech Inc., BAL Chem, Basf Se, Cargill Incorporated Cargill Office Center, Church & Dwight Co. Inc., Dsm, Elanco, Evonik Industries Ag, Kemin Industries, Koninklijke Dsm Nv, Novozymes, Shv N.V. and Tata Chemicals Ltd. S.P.A.