Transparency Market
Research Added A New Report "Animal
Nutrition Chemicals Market". Animal nutrition chemicals
are products which focus on the dietary requirements of domesticated
animals, which majorly involve food production and agriculture.
Different macronutrients such as amino acids provide structural
material and energy to the animals. Vitamins, carotenoids, enzymes,
organic acids, and vacuum salts are some of the products manufactured
in the animal nutrition chemicals industry. These products are used
in certain animal feed industries such as poultry, aquaculture and
domestic animal feeds.
The market for
animal nutrition chemicals has been changing drastically and is
becoming strongly competitive owing to its major share in the pet
care industry. Consumer demand for performance and nutrition
solutions has been increasing on account of growing pet population
and cattle, particularly in North America. Various manufacturers
along the supply chain are investing significantly in these pivotal
growth areas thereby driving the industry. In addition, growing
concerns about animals, new trends and changing demographics have
resulted in rise on consumer expenditure on pets.
Augmenting demand
for safe and healthy pet foods, enhanced care and growing concerns of
pet owners about their pets’ health are some of the major factors
boosting the demand for animal nutrition chemicals. Moreover,
industrialization of meat production coupled with significant growth
in global meat consumption has also contributed to the growth of the
market. However, increasing prices of the raw materials for the
chemicals are expected to slow down the growth of the market. As
bio-chemicals are becoming increasingly popular as pro-environmental
solutions, focus towards developing bio-based animal nutrition
chemicals are expected to provide new opportunities to the growth of
the market. North America was the largest consumer for animal
nutrition chemicals market, followed by Europe owing to the presence
of a vast pet population in the industry.
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Report Copy :
Balchem Corporation,
BASF SE, DuPont, Dow Chemical Company, Novozymes, Kemin Industries,
Royal DSM, Tata Chemicals are some of key manufacturers in the animal
nutrition chemicals market.
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