Global Amino Acids And Proteins For Animal Nutrition Market Size 2024, Forecast To 2033
6 Mar, 2024
The amino acids and proteins for animal nutrition market size has grown strongly in recent years. It will grow from $7.12 billion in 2023 to $7.64 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to shifts in consumer preferences, feed efficiency research, livestock industry expansion, scientific advancements in nutrition, globalization of animal agriculture. The amino acids and proteins for animal nutrition market size is expected to see strong growth in the next few years. It will grow to $9.87 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to research and development, expansion in aquaculture industry, precision livestock farming, sustainable agriculture practices, shift towards specialty feed ingredients. Major trends in the forecast period include green and sustainable ingredients, traceability and transparency, personalized animal nutrition, gut microbiome management, microbial protein development.
Global Amino Acids And Proteins For Animal Nutrition Market Key Driver
The amino acids and proteins in the animal nutrition market are poised for expansion, driven by the increasing demand for organic meat globally. Organic meat, derived from animals used for food consumption, boasts high levels of myofibrillar, sarcoplasmic, and other proteins. The surge in global demand for organic meat, spurred by population growth, underscores the necessity for delivering high-quality organic meat products. This entails feeding animals nutritionally rich diets abundant in amino acids and proteins to enhance muscle development and weight. For instance, according to a report by the Forschungsinstitut für biologischen Landbau (FiBL) in February 2023, organic bovine meat imports in the EU surged from 275 metric tons in 2020 to 1062 metric tons in 2021. Similarly, organic sheep and goat meat imports in the EU rose from 18 metric tons in 2020 to 92 metric tons in 2021, while organic pig meat imports surged from none in 2020 to 83 metric tons in 2021. Hence, the escalating demand for organic meat serves as a driving force behind the growth of amino acids and proteins in the animal nutrition market.
Get A Free Sample Of The Global Amino Acids And Proteins For Animal Nutrition Market ReportGlobal Amino Acids And Proteins For Animal Nutrition Market Segments
The amino acids and proteins for animal nutrition market covered in this report is segmented –
1) By Type: Lysine, Methionine, Threonine, Tryptophan, Other Types
2) By Form: Dry, Liquid
3) By Application: Ruminants, Poultry, Swine, Pets, Equine, Aquaculture, Other Applications
By Geography:The regions covered in the amino acids and proteins for animal nutrition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
Asia-Pacific was the largest region in the amino acids and proteins for animal nutrition market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global amino acids and proteins for animal nutrition market report during the forecast period. The regions covered in the amino acids and proteins for animal nutrition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Amino Acids And Proteins For Animal Nutrition Industry Players
Adisseo France SAS, Ajinomoto Co Inc., Archer Daniels Midland Company, Cargill Incorporated, CJ CheilJedang Corp, Evonik Industries AG, Kemin Industries Inc., Koudijs Kapo Feed BV, Meihua Holdings Group Co Ltd., Novus International Inc., Shijiazhuang Donghua Jinlong Chemical Co Ltd., Sumitomo Chemical Co Ltd., DSM Nutritional Products AG, Europe Bio-chem Technology Group Company Limited, Global Bio-Chem Technology Group Company Limited, Phibro Animal Health Corporation, Sunrise Nutrachem Group Co. Ltd., BASF SE, Chr. Hansen Holding A/S, Dow Inc., Lonza Group AG, Novozymes A/S, Amino GmbH, AminoLogics Inc., Amino Up Chemical Co. Ltd., Aminosan Co. Ltd., AminoMax Inc., AminoScience LLC, Amino Vital Inc., Alltech Inc.
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Amino Acids And Proteins For Animal Nutrition Market Overview
Amino acids and proteins for animal nutrition are molecules that consist of an acidic carboxyl group (-COOH), a basic amino group (-NH2), and an organic R group or side chain and these are the building blocks for proteins that are essential for the growth, repair, and maintenance of tissues in the body. Proteins are large, complex molecules that are essential for life and contain amino acids that are linked together by peptide bonds. Proteins are involved in every biological process, from muscle contraction to immune response to cell signaling.
Amino Acids And Proteins For Animal Nutrition Global Market Report 2023 provides data on the global amino acids and proteins for animal nutrition market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The amino acids and proteins for animal nutrition market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.